Global Automotive Brake Hose Market is valued approximately USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2027. Automotive Brake Hose are flexible tube connecting the braking pipes of adjoining vehicles. The hose carries brake fluid from brake line fixed to the car’s body to the brake caliper on the wheel. The enhanced flexibility of the hose allows the wheel to move with suspension. The market growth is primarily driven by rising demand for lightweight vehicle across the globe. As per OICA, the production of Light Commercial vehicles increased by 3% in the European Union countries. As in the first quarter of 2018 the production in France was 495 thousand units which increased to 527 thousand units. Similarly, in Spain the production increased from 496 thousand units to 524 thousand in the same period. The increasing demand for better and efficient braking system is the major factor driving the market growth. Furthermore, the supportive governmental policies regarding the safety concerns of the passengers is expected to drive the market growth in near future. However, the use of liners as an alternative is the major restraint to the market. However, use of liner as an alternative impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Automotive Brake Hose market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the growing production in automotive and presence of major OEMs in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income coupled with changing lifestyle has increased the demand for cars in the region which would create lucrative growth prospects for the Automotive Brake Hose market across Asia-Pacific region.
Major market player included in this report are:
Mando America Corporation
Avon Products Inc
Kokoku Rubber Industry Co Ltd
AISIN U.S.A. Mfg Inc.
Harman International Industries Inc
Cooper-Standard Automotive Inc.
Hitachi Cable America Inc.
Bosch Rexroth Hydraulics
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Synthetic Material type
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year-2017, 2018
Forecast period-2020 to 2027
Target Audience of the Global Automotive Brake Hose Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
For More Information, Click on the Link Below:-
Ankur Gupta, Head Marketing & Communications