Brake Hoses Market: Current Analysis and Forecast (2022-2030)

Brake Hoses Market: Current Analysis and Forecast (2022-2030)

Brake hoses are important components of a vehicle's braking system. They are flexible tubes that connect the brakes to the rest of the system. When you press the brake pedal, brake fluid travels through the brake hoses to the brakes, which then apply pressure to the wheels to slow down or stop the vehicle. Brake hoses are made of strong materials that can handle the high pressure and extreme conditions of the braking system.

The Brake Hoses Market is expected to grow at a strong CAGR of 3% during the forecast period owing to the increasing demand for automobiles across the world has led to a rise in the demand for brake hoses. As more vehicles are produced, more brake hoses are needed to keep up with the demand. Additionally, the rising awareness about vehicle safety has made people more conscious about the quality of brake hoses used in their cars, leading to an increased demand for high-quality brake hoses. For instance, in 2023, Ford is recalling more than 1.5 million vehicles in the U.S. in two actions to fix leaky brake hoses and windshield wiper arms that can break. The largest of two recalls covers nearly 1.3 million 2013 through 2018 Ford Fusion and Lincoln MKX midsize cars.

• Based on material, the market is segmented into rubber, nylon, metal, and Polytetrafluoroethylene. Amongst these, the rubber segment withhold a higher CAGR during the forecast period. The rubber used in brake hoses is specially designed to be able to handle the high pressure and extreme temperatures of the brake system, as well as the chemical properties of brake fluid. Reinforcement materials such as braided steel or Kevlar are added to the rubber to increase its strength and durability.
• By brake type, the market is bifurcated into hydraulic brake and pneumatic brake. Among these, hydraulic brake captured the majority share of the market in 2021. Brake hoses are a crucial component of hydraulic braking systems, as they transmit the brake fluid from the master cylinder to the brake calipers or wheel cylinders. They are flexible and able to handle the high pressure of the brake fluid, while also allowing for suspension movement and steering.
• By vehicle type, the market is segmented into two-wheeler, passenger vehicle, and commercial vehicle. Among these, passenger vehicle captured the majority share of the market in 2021 owing to the growing sales of passenger vehicles, increasing disposable income of the populace, and increasing demand for safety in the passenger vehicle is driving the growth of the segment. For instance, according to SIAM, a total of 291,113 passenger vehicles were sold in October, which is almost 60,000 units more than the October 2021 numbers.
• By sales channel, the market is bifurcated into OEMs and Aftermarket. Among these, OEMs captured the majority share of the market in 2021 OEMs have enough production-ready with the government specification. Moreover, OEMs are continually investing in research and development to improve the performance and reliability of vehicles.
• For a better understanding of the market adoption of the brake hoses industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Korea, and Rest of Asia-Pacific), Rest of World. Asia-pacific dominated the brake hoses market in 2021. The APAC region has the largest share of the brake hoses market because it is home to some of the world's largest automotive markets such as China, Japan, India, and South Korea. These countries have a high demand for vehicles, which means there is a correspondingly high demand for brake hoses. Additionally, the APAC region has a large number of automotive manufacturing companies, which also contributes to the high demand for brake hoses in the region. As a result, the brake hose market in the APAC region is quite significant and makes up a large portion of the global market. Moreover, the growing merger and acquisitions between the key players is also a factor anticipated to drive the growth of the market. For instance, Hitachi to Sell Metal Unit to Bain Group for $3.5 Billion

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; Polyhose.