Automotive Brake Hoses Market Insights Video

According to Cognitive Market Research, the global Automotive Brake Hoses market size was USD 2961.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 1184.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 888.45 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 681.15 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 148.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 59.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
• The Rubber type category is the fastest growing segment of the Automotive Brake Hoses industry