Global Automotive Park Brake Lever Market is valued approximately at USD XX billion in 2018 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. Automotive park brake lever or commonly known as automotive handbrake or emergency brake is one of the mandatory components of the vehicle that prevents the vehicle to move once it is being parked. Automotive Park Brake Lever (Handbrake) can be of two types conventional lever and the electronic parking brake (button type). The Growing consumer demand for premium cars and rising automotive sector across the globe are the few factors responsible for high CAGR of the market over the forecast period. For instance, according to Statista, around USD 62 million motor vehicles were produced in the year 2009 andunits has been increased byUSD 96 million of motor vehicle in the year 2018. Further, surging demand for luxury cars, stringent norms related to safety, increased safety awareness and technological advancements are likely to impel the demand for Automotive Park Brake Lever over the forecast period.
The regional analysis of global Automotive Park Brake Lever Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing automotive sector across this region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period of 2019-2026.
Major market player included in this report are:
Ficosa International S.A
Hitachi Automotive Systems, Ltd.
ZF Friedrichshafen AG
Aisin Seiki Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Lever Type:
Pull-twist Handgrip Lever
Pull-squeeze Pistol-grip Hand-lever
Conventional Automotive Park Brake Lever
Electric Automotive Park Brake Lever
By Vehicle Type:
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Automotive Park Brake Lever Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers