Brake lines are a testament to technical prowess, yet Chinese brake line companies lack core technology. Post-WTO, China's automotive industry policies dictated joint venture equity ratios for complete vehicles, but imposed no restrictions on foreign investment in the parts sector, directly leading to a hollowing out of core technology in China's parts industry. Currently, most domestic brake line companies are still at the stage of receiving designs for processing and sample mapping. Faced with the fast-paced high demand from vehicle manufacturers for new models, varieties, and technologies, many domestic brake line companies are merely struggling to keep up with research and development tasks, with no time to improve their fundamental R&D capabilities and supporting capabilities. With the development of China's automotive industry in recent years, China became the world's leading automotive producer and seller in 2010. However, the industry widely believes that due to the lack of core technology and independent R&D capabilities, China can only be called an automotive giant, not a power. To truly strengthen, it must start with parts.
Brake line markets can be categorized based on their stage of entry into the automotive industry: original equipment market (OEM) and after-sales service market. The OEM market involves the supply of brake line components to new vehicles before they are manufactured, encompassing various automotive parts. The after-sales service market pertains to the market that arises from the need to replace worn-out parts during the vehicle's usage. Currently, there are tens of thousands of brake line companies across China, but only a few have reached the scale required. Furthermore, there is a lack of a unified system at the local, departmental, and enterprise levels, with scattered and redundant investments. This has resulted in the absence of large, competitive backbone enterprises and hindered entry into the lucrative high-end market. Due to the fragmented nature of the industry, overall strengths are difficult to demonstrate, making it challenging to meet the bulk procurement needs of foreign buyers.
Overall in the brake line industry, standard sprockets are expected to gradually decline in market demand. In contrast, the demand for non-standard sprockets and their market share within the sprocket category will notably increase. It should be noted that non-standard sprockets represent a direction for sprocket product development with significant market potential and broad prospects for growth. Additionally, due to the advantages of both belt-driven and sprocket-driven characteristics, synchronous belt pulleys are poised to see a substantial increase in market share within the chain drive components. Their future prospects look promising, with a potentially enormous market potential. In summary, non-standard sprockets and synchronous belt pulleys symbolize the future development trend and vast market potential in the chain sprocket and other drive component series.
The brake line industry has a long history of development, and its prospects are currently very promising. Generally speaking, the demand for standard brake lines will gradually decrease as they phase out. Conversely, the demand for non-standard brake line products and their market share within the brake line industry will significantly increase. It can be said that non-standard brake lines represent a developmental direction within the brake line product category, with immense market potential and a broad developmental outlook. Additionally, due to the combined advantages of belt drive and brake line transmission, the market share of synchronous belt wheels in the chain drive component market is expected to soar, with a very optimistic outlook and an immeasurable market potential.
