The Global Automotive Handbrake And Clutch Cables Market size is projected to grow at a CAGR of 3.6% during the forecast period. This growth can be attributed to increasing demand for better braking performance with increased safety features, stringent government regulations pertaining to engine efficiency and emissions, the growing popularity of hybrid vehicles, and the rising use of high-performance brake pads.
Automotive handbrake and clutch cables are mechanical devices that control the operation of an automobile's brakes. They transmit the pressure from a driver’s foot on a pedal, to brake shoes or linings which clamp down against the spinning wheels in order to slow them down. Clutch cables are more common in high-performance vehicles, while the less expensive but heavier handbrake cable is typically used in regular passenger cars.
On the basis of Types, the market is segmented into clutch cables and handbrake cables.
Clutch cables are mechanically operated devices that transmit the driver’s foot pressing on a pedal to the brake shoes or linings. They contain two coiled wires, which contract when pulled and open up again once released.
A clutch cable works by connecting a lever or pedal to a set of movable brake shoes inside an automobile's drum brakes. When the driver presses down on the brake pedal with their foot, this action causes pressure to be applied onto both sides of the metal band that encircles them as it tightens. This force then rotates a pulley at one end, which moves along its length until it reaches another stationary pulley mounted around each side of the drum (or rotor). The tension from these two lines will pull the brake shoes against the inside of the drum, thus slowing it down.
A hand brake cable is a metal wire that connects to a lever or pedal on one side and then wraps around pulleys before connecting at the other end with some kind of braking mechanism - usually calipers mounted in place directly behind wheels. When pulled by pressing the lever or pedaling with their foot, this action causes pressure to be applied onto both sides of this band as it tightens. This force rotates two stationary pulleys (at either end) which will pull these cables taut enough for them to rest on top of each wheel's rim. The tension from these two lines will pull these brake pads against the outside surface of the wheel's rim.
On the basis of Application, the market is segmented into OEM and aftermarket.
The OEM segment is expected to dominate the automotive handbrake and clutch cables market. The increasing demand for safety features in vehicles has led manufacturers of passenger cars, commercial vehicle tractors, buses, and trucks to develop new braking systems with advanced technology taking into account environmental considerations. In order to meet these requirements, a number of companies are using clutches on their manual transmission models so that drivers have more control over various speeds during gear shifting or when they need an extra burst of power from acceleration.
Automotive handbrake and clutch cables are typically used in the aftermarket. OEMs will use these types of automotive parts as well but most frequently for replacement purposes when a cable breaks or wears out. The reason being is that because brake and clutch mechanisms can be expensive to replace, a broken cable does not need to be replaced if it's still making contact with the mechanism. All an operator needs to do is make sure there is enough slack in the cable so that it doesn't tug on any other part of the system while working without proper tension over time. Typically, this type of maintenance is very cost-effective compared o replacing one entire hydraulic line at once which usually costs substantially more than just replacing one missing or worn-out component like a cable.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
North America is expected to dominate the global market during the forecast period. The region is expected to be driven by factors such as the growing inclination of people towards buying new cars, increasing demand for aftermarket parts in North America, and a high growth rate among emerging economies.
Asia-Pacific has also shown immense potential with extremely lucrative opportunities due to its fast developing economy and a rise in consumer spending power.
The growth prospects are very bright especially in regions like the Asia Pacific, Latin America, Europe, and Middle East & Africa that have huge markets expanding at rapid rates owing to their booming automotive industry which will lead them to significant gains during the forecast period.
The growth of the automotive handbrake and clutch cables market is driven by an increase in demand for these products from OEMs, aftermarket companies, and other end-user industries. Factors such as increasing penetration of diesel cars replacing conventional fuel-powered vehicles are also driving favorable prospects for this industry. The development strategies adopted by major players have fueled growth in emerging markets where there is huge potential to tap into new segments that will be lucrative with a little push. For instance, manufacturers may opt not to enter some territories owing to regulatory hurdles or currency fluctuations present therein but they can still capitalize on opportunities offered through their presence in advanced economies experiencing stronger demand.
Up Market Research published a new report titled “Automotive Handbrake and Clutch Cables Market research report which is segmented by Types (Clutch Cables, Handbrake Cables), By Applications (OEM, Aftermarket), By Players/Companies TRW Automotive, Hella Pagid, Continental Automotive, Cable-Tec, TMD Friction Group (TMD PAGID), DURA Automotive Systems, Catton Control Cables, Anropa Cables (Pty) Ltd”.
|Report Attributes||Report Details|
|Report Title||Automotive Handbrake and Clutch Cables Market Research Report|
|By Type||Clutch Cables, Handbrake Cables|
|By Application||OEM, Aftermarket|
|By Companies||TRW Automotive, Hella Pagid, Continental Automotive, Cable-Tec, TMD Friction Group (TMD PAGID), DURA Automotive Systems, Catton Control Cables, Anropa Cables (Pty) Ltd|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||244|
|Number of Tables & Figures||171|
|Customization Available||Yes, the report can be customized as per your need.|
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.
The market is segmented by Type Clutch Cables, Handbrake Cables and By Application OEM, Aftermarket.
Some of the companies that are profiled in this report are:
Automotive Handbrake and Clutch Cables Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Automotive Handbrake and Clutch Cables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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