Automotive Brake Hoses Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Automotive brake hoses are mechanical components, which transfer brake fluid from the master cylinder to brake calipers or wheel cylinders. When the brake is applied in a vehicle, brake fluid of brake hoses causes the brake pad to press against the rotor leads. This, in turn, causes the vehicle to slow down or come to a halt. Automotive vehicles have multiple brake hoses. Automotive brake hoses which are made of rubber are hard and brittle leading to cracks and leaks.
Rise in demand for vehicles with advanced braking system is expected to be a key factor driving the automotive brake hoses market during the forecast period. Increase in production of vehicles and growth in demand for lightweight vehicles are also projected to boost the automotive brake hoses market during the forecast period. Implementation of stringent norms on automotive industries regarding safety concerns by global regulatory bodies such as the Federal motor vehicle safety standard is also anticipated to augment the automotive brake hoses market. Brake hoses offer several benefits such as better braking response, longer life, durability, and flexibility. This is likely to provide lucrative opportunities to the brake hoses market. Brake liners can be used as alternatives to brake hoses, as the latter can lead to fluid leakage. This is expected to hamper the automotive brake hoses market.
Based on type, the automotive brake hoses market can be bifurcated into rubber brake hoses and stainless steel hoses. Rubber brake hoses are made of rubber and are prone to dry rotting. They can cause leaks, and also expand over time. On the other hand, stainless steel hoses are more durable, and can handle more pressure as compared to rubber brake hoses. Based on vehicle type, the automotive brake hoses market can be segmented into passenger vehicles and commercial vehicles. Commercial vehicles include light motor commercial vehicles and heavy motor vehicles.
Based on type of brake fluid, the automotive brake hoses market can be divided into hydraulic brake fluid type and pneumatic brake fluid type. The hydraulic brake fluid segment accounts for large share of the market vis-à-vis the pneumatic brake fluid segment. In terms of end-user, the automotive brake hoses market can be segregated into automotive vehicles and locomotive vehicles. Hydraulic brake fluid is transferred to the wheel cylinder in automotive vehicle, while pneumatic fluid is transferred to the wheel cylinder in locomotive vehicles.
Based on geography, the automotive brake hoses market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Rest of the World (ROW). Asia Pacific accounts for the major share of the global automotive brake hoses market, owing to the high adoption rate of automotive brake hoses and expansion in the automotive sector. This has led to an increase in production of vehicles with automotive brake hoses, especially in China, India, Japan, and South Korea. The automotive brake hoses market in Europe, especially in Germany, France, Italy, and the U.K., is also expected to expand in the near future due to safety norms implemented by regulatory body. The automotive brake hoses market in North America is also anticipated to expand at a moderate pace during the forecast period.
Key players operating in the automotive brake hoses market include General Motors, Sumitomo Riko Company Ltd, Continental AG, Edelbrock LLC, DANA CORP, Hutchinson SA, Wabco Holdings Inc., and Aisin Seiki Co, Ltd.
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