Global Automotive Brake Hose Market Outlook 2017-2022

Global automotive brake hose market is estimated to expand at a substantial CAGR of 8.8% by 2022 as the scope, product types, and its applications are increasing across the globe. Automotive brake hoses are an essential component/part of a vehicle's braking system. It  transfers brake fluid from the master cylinder or reservoir to the brake caliper, thus allowing the interaction of brake pads with brake rotors.

Factors, such as a rise in demand for vehicles with the advanced braking system, surge in production of vehicles and growth in demand for lightweight vehicles are likely to drive the automotive brake hose market in the forthcoming period. On the other hand, high cost is anticipated to hinder market growth in the future. However, technological advancement in the field is likely to create lucrative opportunities for the market.

Automotive brake hose market is segmented by type, type of brake fluid, application, end user and geography. Market is segmented based on type as rubber brake hoses and stainless-steel hoses. Based on the type of brake fluid, the automotive brake hose is segmented as hydraulic brake fluid type and pneumatic brake fluid type. 

Automotive brake hose market is segmented based on the application  for passenger vehicles and commercial vehicles. The “Commercial Vehicles” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. market is segmented based on the end user as automotive vehicles and locomotive vehicles.

Automotive brake hose market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. Asia-Pacific is a leading region in the market. It is likely to maintain  a dominance in the forecast period owing to factors, such as growth in the automotive segment and high acceptance rate of automotive brake hoses. In addition, technological advancement in the region, increase in production of vehicles with automotive brake hoses, particularly in India, China, South Korea, and Japan. Asia-Pacific is followed by North American and European region. 

Leading players operating in the automotive brake hose market include Sumitomo Riko Company Ltd, General Motors, Edelbrock LLC, Continental AG, Hutchinson SA, DANA CORP, Aisin Seiki Co, Ltd, and Wabco Holdings Inc. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

The global market for automotive brake hose will grow at a CAGR of 8.8% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (passenger cars, commercial vehicles, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the automotive brake hose market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the automotive brake hose market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the automotive brake hose market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global automotive brake hose market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the passenger cars, commercial vehicles, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global automotive brake hose market.

Key Applications
- Passenger Cars
- Commercial Vehicles

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Continental AG
- Delphi
- FTE
- Hitachi Metals
- Hutchinson
- TRW Automotive
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Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global automotive brake hose market?
- What are the challenges to market growth?
- Who are the key players in the automotive brake hose market?
- What are the market opportunities and threats faced by the key players?