Brake Hoses Market – Global Industry Analysis, Size, Share, Growth & Forecast (2022-2030)
Emphasis on Material Type (Rubber, Nylon, Metal, And Polytetrafluoroethylene); Brake Type (Hydraulic Brake and Pneumatic Brake]; Vehicle Type (Two-Wheeler, Passenger Vehicle, and Commercial Vehicle]; Sales Channel (OEMs and Aftermarket]; and Region/Country
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.
Brake Hoses Market Report Coverage
“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.
Table of Contents
Research Methodology for the Brake Hoses Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global brake hoses market were the three major steps undertaken to create and analyze the adoption of brake hoses in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global brake hoses market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the brake hoses market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the brake hoses market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as material, brake type, vehicle type, and sales channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the brake hoses market. Further, we conducted factor analysis using dependent and independent variables such as material, brake type, vehicle type, and sales channel of the brake hoses market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the brake hoses market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global brake hoses market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the brake hoses market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global brake hoses market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global brake hoses market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the material, brake type, vehicle type, and sales channel in the global brake hoses market.
The main objective of the Global Brake Hoses Market Study
The current & future market trends of the global brake hoses market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the brake hoses market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the material, brake type, vehicle type, and sales channel.
- Define and analysis of the regulatory framework for the brake hoses
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the brake hoses market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the brake hoses market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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