Press release
Global Brake Hoses Market Size, Share, and Forecast Analysis 2025-2029
Brake Hoses
What Are the Brake Hoses Market Size Forecast for 2025?
In recent times, there has been a consistent growth in the market size of brake hoses. The market is expected to expand from a size of $18.07 billion in 2024 to a value of $18.91 billion in 2025, registering a compound annual growth rate (CAGR) of 4.7%. The factors contributing to the growth observed in the historic period include an increase in automotive production, stringent safety standards, enhancement in vehicle weight and performance, the advent of disc brake systems, the worldwide growth of the automotive industry, and aftermarket demand.
What Is the Market Size Outlook for Brake Hoses Until 2029?
In the coming years, the brake hoses market is anticipated to experience robust growth, ballooning to $24.34 billion by 2029 at a compound annual growth rate (CAGR) of 6.5%. This sizeable increase over the forecast period can be credited to several factors, such as the increase in electric and hybrid vehicles, the evolution of autonomous vehicles, the introduction of intelligent brake systems, a continuous push for safety regulations, and the global expansion of automotive supply networks. Noteworthy trends for the future include a greater acceptance of less weighty materials, a focus on superior brake systems, a movement towards electric and hybrid vehicles, cutting-edge developments in brake hose technology, and a surge in interest for pre-assembled brake hoses.
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What Are the Major Factors Driving Demand in the Brake Hoses Market?
The expansion of the brake hoses market is majorly driven by the increasing demand for both passenger and commercial vehicles. Commercial and passenger motor vehicles, designed to transport goods or passengers for personal or business profit, are popular among individuals with rising disposable income, in both developed and developing nations. This spike in disposable income has also led to an increase in the need for daily commuting to work, subsequently driving the demand for passenger and commercial vehicles. Consequently, this heightened demand for vehicles is anticipated to fuel the growth of the automotive brake hoses market, a critical element in automotive manufacturing. For example, GoodCarBadCar, a US-based digital platform, reported that the global sales of passenger cars reached approximately 56.5 million in 2022, showing a rise of around 1.9 percent compared to the preceding year. As such, it's anticipated that this continuing rise in demand for passenger and commercial automobiles will catalyze the development of the brake hoses market.
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How Are End-Use Segments Shaping the Brake Hoses Market Outlook?
The brake hoses market covered in this report is segmented -
1) By Brake Type: Hydraulic Brake, Pneumatic Brake
2) By Material Type: Rubber, Nylon, Metal, Polytetrafluoroethylene
3) By Vehicle Type: Two-Wheeler, Passenger Vehicle, Light Commercial Vehicle, Heavy Vehicle
4) By Sales Channel: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Hydraulic Brake: Disc Brake, Drum Brake
2) By Pneumatic Brake: Air Disc Brake, Air Drum Brake
What Are the Strategic Trends Transforming the Brake Hoses Market Landscape?
Leading firms in the brake hoses market are innovating technologies like quiet braking technology to advance vehicle efficiency, enhance driver comfort, and augment overall safety by lowering the noise and vibrations during braking. The quiet braking technology is designed to minimize sound and vibrations upon the application of a vehicle's brakes, leading to a more tranquil and smooth driving experience. As an example, Brakes India, a firm based in India that produces braking systems and components, introduced ZAP brake pads in March 2023. These ZAP brake pads take advantage of the newest friction technology, improving their performance and dependability. Such technology is particularly important to cater to the distinctive braking requirements of electric vehicles, which often demand different specifications compared to traditional vehicles.
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Who Are the Prominent Companies in the Brake Hoses Market by ?
Major companies operating in the brake hoses market include Continental AG, Hitachi Metals Ltd., BorgWarner Inc., Dayco IP Holdings LLC, Edelbrock LLC, The Gates Corporation, Hengshui Brake Hose Machinery Co. Ltd., Hutchinson S.A., Jagwire International Inc., M S Enterprises, Nichirin Co. Ltd., Parker-Hannifin Corporation, Polyhose Pvt. Ltd., Bosch Rexroth AG, Cooper-Standard Holding Inc., ACDelco, Advics Co. Ltd., Akebono Brake Industry Co. Ltd., Aptiv PLC, Bendix Commercial Vehicle Brake System LLC, Brembo S.p.A., BrakeQuip LLC, Centric Parts, Crown Automotive, DBA Group, Dorman Products Inc., Federal-Mogul Motorparts Corporation, Hella GmbH & Co. KGaA, KST Technology Inc., Meritor Inc.
Which Region Is Expected to See the Highest CAGR in the Brake Hoses Market?
Asia-Pacific was the largest region in the brake hoses market in 2024. The regions covered in the brake hoses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
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