Brake Hoses Global Market Report 2024

The brake hoses market size has grown strongly in recent years. It will grow from $17.17 billion in 2023 to $18.33 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth observed in the historical period can be attributed to several key factors, including the expansion of automotive production, the enforcement of stringent safety regulations, an increase in vehicle weight and performance requirements, the prevalence of disc brake systems, the global expansion of the automotive industry, and the demand from the aftermarket sector.

The brake hoses market size is expected to see strong growth in the next few years. It will grow to $23.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. Anticipated growth in the upcoming period can be associated with several factors, including the expansion of electric and hybrid vehicle markets, the development of autonomous vehicles, the integration of smart brake systems into automotive technologies, sustained emphasis on enhancing safety standards, and the globalization of automotive supply chains. Key trends expected in the forecast period encompass increased adoption of lightweight materials for brake components, a focus on high-performance brake systems, a notable shift towards electric and hybrid vehicles, technological advancements in the design of brake hoses, and a rising demand for pre-assembled brake hoses in the automotive industry.

The brake hoses market is experiencing substantial growth, primarily driven by the increasing demand for both passenger and commercial vehicles. Passenger and commercial vehicles, utilized for transporting goods or passengers for individual or business profit, are witnessing heightened demand due to rising disposable incomes and a growing need for daily commuting worldwide. This surge is evident in global sales figures, as reported by the International Organization of Motor Vehicle Manufacturers (OICA) in June 2021. The report highlights an increase in global passenger car sales from 53 million in 2020 to 56 million in 2021, and commercial vehicle sales rose from 24 million in 2020 to 26 million in 2021. The escalating demand for vehicles is anticipated to drive the brake hoses market, considering their crucial role in automotive manufacturing.

The brake hoses market is also influenced by the rising standards set for vehicle safety by regulatory authorities. Vehicle safety standards encompass rules and guidelines established by governmental bodies to ensure vehicles meet specified safety criteria in design, manufacturing, and performance. A noteworthy example is the Bharat New Car Assessment Programme (BNCAP) launched by the Government of India in August 2023. This program focuses on enhancing road safety and passenger protection, specifically targeting vehicles falling under the M1 category. The stringent safety standards set by such regulatory initiatives mandate the use of compliant brake hoses, further propelling the growth of the automotive brake hoses market.

Major companies in the brake hoses sector are actively engaged in developing technologically advanced brake hoses. The emphasis is on creating products that offer easy installation, enhanced safety, and durability. For instance, ZF Friedrichshafen, a Germany-based technology company, introduced the OnGuardMAX in April 2021 - an advanced autonomous emergency braking hose designed for commercial vehicles in China. This innovative product utilizes advanced technology, including a high-performance image processing module, radar sensor, and high-resolution dual-lens camera, enabling it to detect, classify, and autonomously react to various obstacles such as vehicles, motorcycles, bicycles, and pedestrians. This technological focus aims to meet the evolving demands for safety and performance in the brake hoses market.

Prominent companies in the brake hoses sector are dedicated to advancing their products technologically, exemplified by innovations such as TRW brake hoses by ZF Aftermarket. ZF Aftermarket has undertaken a comprehensive redevelopment of its TRW brake hoses range, introducing an enhanced elastomer that contributes to a reduced outer diameter. This innovation not only lowers the weight of the brake hoses but also increases their elasticity. A notable instance of this technological focus is evident in ZF Friedrichshafen AG's February 2023 launch of TRW electric blue brake pads. This copper-free iteration, specifically designed for electric vehicles, promises quiet operation, minimal abrasion, and sustained full friction performance, even following extended periods of non-use.

In November 2021, Brembo S.p.A, a leading Italy-based manufacturer of automotive brake hose systems, acquired J.Juan for a substantial sum of USD 78 million. This acquisition serves to complement Brembo's existing range of motorcycle braking hose solutions and positions the company to expand its brand presence in Europe within the rapidly growing motorcycle sector. J.Juan, a Spain-based company specializing in the development and manufacturing of motorbike braking systems, strengthens Brembo's capabilities and foothold in this niche market.

Major companies operating in the brake hoses market report are Continental Aktiengesellschaft, 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.

Asia-Pacific was the largest region in the brake hoses market in 2023. The regions covered in the brake hoses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the brake hoses market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The brake types associated with brake hoses include hydraulic brakes and pneumatic brakes. Hydraulic brakes utilize brake fluid to transfer pressure from the control mechanism to the braking system. Various materials are employed in the manufacturing of brake hoses, including rubber, nylon, metal, and polytetrafluoroethylene (PTFE). These hoses find application across two-wheelers, passenger vehicles, light commercial vehicles, and heavy vehicles. They are available through original equipment manufacturers (OEM) as well as aftermarket sales channels.

The brake hoses market research report is one of a series of new reports that provides brake hoses market statistics, including brake hoses industry global market size, regional shares, competitors with brake hoses market share, detailed brake hoses market segments, market trends, and opportunities, and any further data you may need to thrive in the brake hoses industry. This brake hoses market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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