Latest News- Automotive Brake Hoses And Lines Market: Passenger vehicles is expected to lead the Application segment during 2024-2028

The Automotive Brake Hoses And Lines Market is being driven by Affordability of automotive brake hoses and lines at minimal recurring cost

The Automotive Brake Hoses And Lines Market is expected to grow at a CAGR of 2.12% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2602.4 million. The global automotive brake hoses and lines market is experiencing significant growth, with vendors focusing on continuous design and structural enhancements to improve performance, reliability, and durability. This R&D-driven approach is enabling the use of efficient, rigid, and lightweight materials in automotive systems, resulting in weight reduction and enhanced braking system performance. Notably, rust, corrosion, and moisture have been common issues addressed through the adoption of braided stainless steel for manufacturing brake hoses and lines. Key players in the automotive brake hoses and lines market are capitalizing on these advancements to deliver superior products, ensuring optimal braking performance and longevity. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Passenger vehicles
  • Commercial vehicles
• Type
  • Rubber
  • Stainless steel
  • Others
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • Europe
  • North America
    • US
    • Mexico
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Affordability of automotive brake hoses and lines at minimal recurring cost
• Increase in production of passenger and commercial vehicles
• Government standards on automotive braking systems

However, the market also witnesses some limitations, which are as follows:

• Constant wear and tear of brake hoses and lines
• Emergence of all-electronic braking system
• Vehicle recalls owing to hydraulic braking system issues

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Market Scope in Automotive Brake Hoses And Lines Market Research Report

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Research Analysis Overview

The Automotive Brake Hoses and Lines market caters to the demand for modern vehicles' advanced braking systems. Traditional brake lines, made of metal hardlines, have been replaced by more flexible and durable automotive brake hoses. These hoses connect the master cylinder, brake caliper, and brake reservoir in the vehicle's braking system. The production of automotive brake hoses involves the use of raw materials like rubber, steel, and synthetic fabrics. Fabrication techniques such as extrusion, calendaring, and co-extrusion are employed in their assembly. The hoses are designed to withstand high hydraulic fluid pressure and resist corrosion, ensuring optimal braking performance. Modern vehicles, including those with disc brakes, drums, and brake-by-wire systems, utilize automotive brake hoses. These hoses are also essential in advanced automobile braking systems, such as Anti-Lock Braking Systems (ABS) and Multi-layer hoses. Brake pads, rotors, brake callipers, brake pedals, and brake shoes are all connected through these hoses, ensuring efficient and reliable braking. In summary, the Automotive Brake Hoses and Lines market plays a crucial role in the production and maintenance of vehicles' braking systems, ensuring the safety and performance of modern automobiles.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various automotive sectors, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by automotive components and equipment manufacturers. Key growth drivers in this market include the rising demand for electronic control units (ECUs) and other electronic components due to the increasing sales of EVs, motorcycles, and PCs.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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