Press release
Automotive Handbrake And Clutch Cables Market: Latest Trends, Demand and Analysis 2027
Global Automotive Handbrake & Clutch Cables Market: Market Dynamics
Favourable macro-economic environment across prominent automotive hubs based in developed and developing nations is expected to be responsible for the growth of overall automotive component industry. Moreover, swift growing passenger vehicle production owing to rising disposable incomes leads to increased demand for vehicles and hence steady upsurge in demand for handbrake & clutch cables is expected both from OEM and replacement market. On the other side, there are some factors that pose challenges to the market growth, primarily, the market for automotive handbrake & clutch cables is highly competitive and the market is fragmented. Thus, existing players in the market struggle for profit margins due to existing competitive pressure in the market. Furthermore, the low priced counterfeit products available in the market from China and India are of low quality and less durability, and hence affect the brand image of existing players, which could eventually affect their businesses.
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Global Automotive Handbrake & Clutch Cables Market: Segmentation
The global automotive handbrake & clutch cables market can be segmented into product type, vehicle type and sales channel
By product type, automotive handbrake & clutch cables market can be segmented into:
Clutch Cables
Handbrake Cables
By vehicle type, automotive handbrake & clutch cables market can be segmented into:
Two-Wheelers
Passenger Cars
Commercial Vehicles
LCV
HCV
By sales channel, automotive handbrake & clutch cable market can be segmented into:
OEM
Aftermarket
Global Automotive Handbrake & Clutch Cables Market: Regional Outlook
By region, Asia Pacific is expected to remain as a significant market for automotive handbrake & clutch cables market both with respect to supply and demand for handbrake & clutch cables. The region is expected to emerge as a major exporter of handbrake & clutch cables to many countries. Countries in the region such as China, India and South Korea are expected to remain as the major contributors to the growth of the market. Japan is the base of key automotive component manufacturers and will hold a notable position in the global handbrake & clutch cable market. Following Asia Pacific, Europe is projected to be the next big market for automotive handbrake & clutch cables over the forecast period, the region has significant share in production and sales of passenger cars, light & heavy commercial vehicle. In terms of demand, North America market for handbrake & clutch cables is expected to hold comparatively low value share in the market.
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Global Automotive Handbrake & Clutch Cables Market: Market Participants
Examples of some of the key market participants in the global automotive handbrake & clutch cables market are
TRW Automotive
Hella Pagid GmbH
Continental Automotive GmbH
Cable-Tec
TMD Friction Group (TMD PAGID)
DURA Automotive Systems
Catton Control Cables
Anropa Cables (Pty) Ltd
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