April 08th 2022/IndustryNewsGlobal. Stratview Research publishes a new report titled Automotive Handbrake And Clutch Cables Market which is segmented by Product (Clutch Cables, Handbrake Cables), By Vehicle Type (Two-Wheelers, Passenger Cars, Commercial Vehicles, LCV, HCV), and Region – COVID-19 Impact Analysis and Forecast to 2026. This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global automotive handbrake and clutch cables market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Market Insights:
The Global Automotive Handbrake and Clutch Cables Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx% during the forecast period.
Global Automotive Handbrake And Clutch Cables Market Report Segments:
Market Dynamics
Favourable macro-economic environment in the automotive sectors of developed and developing countries is likely to boost the product demand.
Also, rise in the passenger vehicle production due to growing purchasing power, augments the demand for automobiles, which, in turn, propels the market growth. However, presence of low-priced counterfeit products with poor quality and durability is expected to hamper the industry growth in the coming years.
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Segments' Analysis:
Product Trends
Based on product, the automotive handbrake and clutch cables market is categorized into clutch cables and handbrake cables.
- The handbrake cables segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline.
- This is mainly attributed to increasing friction between your brake pads while constantly driving with the handbrake on.
- And the longer and faster one travels, the more friction it generates, thus its wears off easily and needs replacement.
Regional Trends
By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years.
- The region is likely to emerge as a key exporter of handbrake & clutch cables to many countries in the coming years.
- Countries such as India, China, and South Korea are anticipated to remain as the leading contributors, which further proliferates the regional market growth.
COVID-19 Impact on Global Automotive Handbrake and Clutch Cables Market
The COVID-19 outbreak has moderately affected the automotive handbrake and clutch cables industry. This is mainly due to soaring coronavirus cases, implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. Stringent government regulations on people gathering and traveling barriers have largely affected the demand for vehicles, resulting in a decline in production and sales of passenger cars, further impacting the growth.
Why is this report beneficial?
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
It also offers –
- Market Overview
- Key Manufacturers Profiles
- Market Analysis by Region
- Market Segment by Type
- Market Segment by Application
- Raw Material and Supply Chain
- Other Key Research Findings
All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.
Key players active in the market:
The following are some of the key players in the Automotive Handbrake And Clutch Cables Market:
- TRW Automotive (The US),
- Hella Pagid GmbH (Germany),
- Continental Automotive GmbH (Germany),
- Cable-Tec (UK),
- TMD Friction Group (TMD PAGID) (Germany),
- DURA Automotive Systems (The US),
- Catton Control Cables (UK), and
- Anropa Cables (Pty) Ltd. (South Africa).
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Customization of the report:
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