Summary

The brake hoses market is expected to grow at a strong CAGR of around 3% during the forecast period owing to the increasing demand for automobiles worldwide, which has resulted in an uptick in the production and sales of vehicles. In addition, there is a higher need for reliable braking systems, including brake hoses, which help ensure safe stopping distances. Brake hoses are an important part of a vehicle's braking system. They connect the brake calipers to the brake lines and allow hydraulic pressure to be transmitted from the master cylinder to the brake pads. They are typically made of reinforced rubber or synthetic materials and are designed to withstand high pressure and heat. It's important to keep brake hoses in good condition by inspecting them regularly and replacing them if they show signs of wear and tear. This is necessary to ensure that the brakes work properly and to prevent accidents on the road.

Some of the major players operating in the market include BorgWarner Inc.; Continental AG.; Dayco IP Holdings, LLC; Gates Corporation; Hitachi, Ltd.; HUTCHINSON.; Jagwire; Robert Bosch GmbH; ZF Friedrichshafen AG; Polyhouse. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst material, nylon will also attain a considerable share of the market during the forecast period.”
Based on material, the market is segmented into rubber, nylon, metal, and Polytetrafluoroethylene. Amongst these, nylon will also attain a considerable share of the market during the forecast period. Nylon is a lightweight material that offers excellent strength and durability, making it ideal for use in high-performance applications such as racing cars. Additionally, nylon is resistant to heat, chemicals, and abrasion, which helps to extend the lifespan of the brake hose and prevent brake failure.

“Amongst vehicle type, the commercial vehicle held a considerable share of the market in 2021.”
By vehicle type, the market is segmented into two-wheeler, passenger vehicle, and commercial vehicle. Among these, the commercial vehicle held a considerable share of the market in 2021. The factors such as the increasing demand for commercial vehicles such as trucks and buses for transportation of goods and people has led to an increased need for reliable and safe braking systems. For instance, according to SIAM, the overall Commercial Vehicles sales increased from 7,16,566 to 9,62,468 units. Sales of Medium and Heavy Commercial Vehicles increased from 2,40,577 to 3,59,003 units and Light Commercial Vehicles increased from 4,75,989 to 6,03,465 units, in FY-2022-23, compared to the previous year.

“North America holds the second largest share of the brake hoses market in 2021.”
The brake hose industry in North America has been experiencing growth due to the increasing demand for automobiles in the region. As more people purchase vehicles, the demand for brake hoses also increases. Another factor contributing to the growth of the brake hose market is the increasing focus on vehicle safety. In addition, Brake hoses play a crucial role in the safe operation of vehicles by ensuring that the brake fluid is delivered efficiently to the braking system. With the growing emphasis on safety, there has been a corresponding increase in the demand for high-quality brake hoses. Furthermore, the implementation of government regulations and standards related to vehicle safety has also been a contributing factor. These regulations have made it mandatory for automakers to use high-quality brake hoses that meet specific standards. As a result, manufacturers have had to invest in the development of advanced brake hose technologies to meet these standards, further driving the growth of the brake hose market in North America.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global brake hoses market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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