Press release
Brake Lines Market Report 2024: Size, Share, And Industry Outlook
Brake Lines Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $36.27 billion In 2028 At A CAGR Of 4.1% :
The brake lines market size has grown strongly in recent years. It will grow from $29.3 billion in 2023 to $30.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to automotive industry growth, stringent safety regulations, consumer demand for vehicle safety, focus on weight reduction in vehicles, expansion of global automotive production, aftermarket brake system upgrades..
The brake lines market size is expected to see steady growth in the next few years. It will grow to $36.27 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to transition to electric and hybrid vehicles, global emphasis on vehicle safety standards, shift towards autonomous vehicles, increased focus on environmental sustainability, expansion of electric and autonomous vehicle aftermarket.. Major trends in the forecast period include adoption of advanced coating technologies, focus on integration of brake line sensors, shift towards electro-hydraulic brake systems, development of flex brake lines for electric vehicles, increasing emphasis on environmental sustainability, adoption of 3d printing technology for brake line components..
Request A Sample Of This Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=13391&type=smp
Brake Lines Market Major Segments
The brake lines market covered in this report is segmented -
1) By Materials: Steel, Aluminum, Rubber, Other Materials
2) By Vehicle Types: Passenger Cars, Commercial Vehicles
3) By Sales Channels: OEM (Original Equipment Manufacturer), Aftermarket
Key Driver - Rising Automotive Demand Fuels Brake Lines Market Growth
Increasing demand for automobiles is expected to propel the growth of the brake lines market going forward. Automobiles are self-propelled vehicles designed for personal transportation, typically powered by internal combustion engines or electric motors. Brake lines in automobiles are crucial for transmitting hydraulic pressure from the brake pedal to the wheel brakes, enabling precise control of braking force and ensuring safe and effective vehicle stopping. For instance, in August 2023, according to MarkLines Co. Ltd., a Japan-based automotive industry portal, sales of passenger cars in the US increased by 12.7% from 248,704 units in August 2022 to 280,223 units in August 2023. Sales of light trucks increased by 17.2%, from 905,069 units in August 2022 to 1,060,946 units in August 2023. Therefore, the increasing demand for automobiles is driving the growth of the brake lines market.
Customise This Report As Per Your Requirements -
https://www.thebusinessresearchcompany.com/Customise?id=13391&type=smp
Prominent Trend - Increasing Focus On The Development Of Brake Lines With Advanced Aerodynamics To Improve Profitability
Major companies operating in the brake lines market are focused on developing brake lines with advanced aerodynamics to improve their profitability in the market. Incorporating advanced aerodynamics into brake line design enhances efficiency and performance by reducing drag and improving braking responsiveness. For instance, in July 2022, Orbis Brakes Inc., a US-based manufacturer of motor vehicle brakes, launched the Periodic Wave disc brake line, which uses advanced aerodynamics to provide superior surface cooling and reduce brake fade. This is achieved through a patented design that creates periodic waves on the brake rotor's surface, which increases airflow and reduces heat buildup. The brake line has been developed in collaboration with the National Aeronautics and Space Administration (NASA), a US-based independent agency of the federal government. Also, it is expected to provide supercar performance at an affordable price.
Brake Lines Market Players
Major companies operating in the brake lines market report are Stellantis N.V., General Motors Company, Robert Bosch GmbH, Continental AG, Valeo SA, BorgWarner Inc., Yokohama Rubber Company Limited, Sumitomo Riko Company Limited, Cooper Standard Automotive Inc., Dorman Products Inc., Nichirin Co. Ltd., Hitachi Astemo Ltd., Hutchinson SA, StopTech Performance LLC, Wilwood Engineering Inc., Tectran Mfg. Inc., Markin Tubing LP, AGS Company Automotive Solutions LLC, Magnum Shielding Corporation, MZW Motor, Classic Auto Tubes Limited, Earl's Performance Products (UK) Limited, Rubicon Express Co., Russel Performance, Spiegler Brake Systems USA LLC, Stainless Steel Brakes Corporation, Techna-Fit Corporation
View The Full Report Here -
https://www.thebusinessresearchcompany.com/report/brake-lines-global-market-report
Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the brake lines market in 2023. The regions covered in the brake lines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Brake Lines Market Report Structure
3. Brake Lines Market Trends And Strategies
4. Brake Lines Market - Macro Economic Scenario
5. Brake Lines Market Size And Growth
…..
27. Brake Lines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Brake Lines Market Report 2024: Size, Share, And Industry Outlook here
News-ID: 3511238 • Views: …
More Releases from The Business Research Company
Technological Advancements With App Based Subscription Programs Industry Trends …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Car Washing Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the car washing service market size has been expanding at a consistent rate. It is projected that from $30.1 billion in 2024, it will surge to $30.75 billion in 2025, with…
Major Growth Driver Identified in 2025 Well Intervention Market: Rising Energy D …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Well Intervention Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the well intervention market has seen consistent growth over the past few years. The market, which will increase from $9.39 billion in 2024 to $9.84 billion in 2025 at a compound annual…
Growing E-Commerce Sector Fuels Demand For Telephone Call Centers: Critical Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Telephone Call Centers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for telephone call centers has seen a slight rise in recent years. The market value is predicted to increase from $136.61 billion in 2024 to $138.62 billion in 2025, maintaining a compound…
Private Household Services Market Expansion Continues, with Forecast Valuation o …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Private Household Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a significant expansion in the private household services market size in the past few years. This market will see an escalation from $321.58 billion in 2024 to $351.99 billion in 2025,…
More Releases for Brake
Brake Repair Service: A Reliable Solution for Mobile Brake Services
When it comes to maintaining the performance and safety of your vehicle, brake systems are among the most critical components. Whether you're a truck driver or a fleet manager, ensuring your brakes are in optimal condition is a priority. Fortunately, finding a reliable Brake Repair Service [https://mobilebrakerepairtn.com/#:~:text=Brake%20Repair%20Service] provider has never been easier, thanks to mobile brake services that bring convenience and professionalism right to your location.
Mobile Brake Services: Convenient, Efficient,…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake 2020-2027
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and initiatives of new car…
Aircraft Brake System : Power Brake, Boosted Brake, and Independent Brake 2021-2 …
The global aircraft brake system market was valued at $10.52 billion in 2020, and is projected to reach $16.95 billion in 2030, registering a CAGR of 5.2%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake…
Aircraft Brake System Market : Power Brake, Boosted Brake, and Independent Brake …
The global aircraft brake system market generated $10.52 billion in 2020, and is anticipated to reach $16.95 billion in 2030, manifesting a CAGR of 5.2%.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake system market. On the other hand, strict regulatory conditions create hindrances to market growth. On the contrary, usage of advanced…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global Brake System Industry estimated $41.62 billion in 2019, and is expected to hit $61.20 billion by 2027, witnessing a CAGR of 7.0% from 2020 to 2027.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Covid-19 Scenario-
The covid-19 outbreak has immensely affected the industry, as most of the original equipment manufacturers (OEM) have kept the production of brake systems on hold.
The supply chain management has been disrupted resulting in shortage of raw materials. The…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and…
