Press Release

Vietnam Automotive Handbrake & Clutch Cable Market to Grow with a CAGR of 5.09% through 2030

The Vietnam Automotive Handbrake & Clutch Cable Market is driven by the growing automotive industry, rising demand for safety components, and increasing adoption of electric vehicles. These factors are contributing to the market's expansion, as vehicle production grows, and consumers demand higher-quality components. Technological advancements in cable materials are also improving the durability and performance of handbrake and clutch cables. These are the factors driving the market in the forecast period 2026-2030.

 

According to TechSci Research report, Vietnam Automotive Handbrake & Clutch Cable Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”, The Vietnam Automotive Handbrake & Clutch Cable Market was valued at USD 28.1 Million in 2024 and is expected to reach USD 35.3 Million by 2030 with a CAGR of 5.09% during the forecast period. The Vietnam automotive handbrake and clutch cable market is growing due to a surge in vehicle production and demand for advanced automotive components. As more vehicles are manufactured in the country, the need for safety features such as efficient handbrake and clutch cables rises. In addition, the growing awareness of vehicle safety, alongside the introduction of stringent regulatory requirements, is pushing the demand for high-quality cables. The demand is also fueled by the automotive industry’s shift towards electric vehicles (EVs), which require specialized components like cables for improved performance and safety.

The market is also influenced by the increasing use of high-performance materials in cable manufacturing. Cables made from durable, lightweight, and corrosion-resistant materials are gaining traction in both the OEM and replacement segments. This shift is driven by manufacturers’ focus on producing more efficient, long-lasting components that align with consumer preferences for safer, more sustainable vehicles. The trend towards lightweight vehicles to improve fuel efficiency is also contributing to the growth of the market, as the demand for lighter and more efficient automotive parts increases. Challenges in the market include the rising cost of raw materials and the pressures of intense competition. Prices of key materials such as steel and rubber fluctuate, making it difficult for manufacturers to maintain profitability. The influx of low-cost imports adds to the competitive pressures, forcing local manufacturers to innovate and improve product quality to stay relevant. However, opportunities are emerging as the demand for electric vehicles increases, and more manufacturers adapt to producing cables that cater to the evolving needs of EVs.

 

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Vietnam Automotive Handbrake & Clutch Cable Market Is Segmented By Vehicle Type, Product Type, Sales Channel and Region.  

The market for automotive handbrake and clutch cables in Vietnam is segmented into two primary sales channels: OEM (Original Equipment Manufacturer) and replacement. The OEM segment involves the supply of cables used in new vehicle production, where manufacturers source high-quality components to meet safety standards and consumer preferences. As more vehicles are produced in Vietnam, particularly in the growing automotive industry, OEMs continue to drive demand for these essential components. The automotive industry’s increasing production capacity ensures a steady supply of handbrake and clutch cables that meet the required specifications for new vehicles. The replacement segment includes the aftermarket demand for automotive cables, which is equally significant. As the vehicle fleet in Vietnam continues to grow, the need for replacements in older vehicles is also rising. Replacement cables are often required due to wear and tear or to improve vehicle performance. With the rising number of vehicles on the road and the growing awareness of vehicle maintenance, the replacement segment continues to show promising growth. As more vehicle owners and repair shops prioritize high-quality parts, the demand for replacement cables is expected to remain strong. Both the OEM and replacement segments are experiencing steady growth as vehicle production increases, and the aftermarket services sector expands.

Southern Vietnam is the fastest-growing region in the automotive handbrake and clutch cable market in 2024. This region, particularly the area around Ho Chi Minh City, is the industrial hub of Vietnam, with a high concentration of automotive manufacturing plants. Southern Vietnam's infrastructure and logistics networks support a thriving automotive industry, making it an essential area for the production and supply of automotive components, including handbrake and clutch cables. The region’s manufacturing base contributes significantly to the overall market, driving both the OEM and replacement segments. The increasing demand for vehicles in Southern Vietnam is fueled by its large population and expanding urbanization. With the growing middle class and increasing disposable incomes, more consumers are purchasing vehicles, further driving the demand for automotive cables. In addition, the region’s proximity to key international trade routes enhances its role as a central manufacturing and distribution point for automotive parts. As the automotive sector in Southern Vietnam continues to thrive, the demand for automotive components, particularly cables, is expected to grow in parallel. This trend is likely to continue in the coming years as both domestic and international vehicle manufacturers increase their production capacities in the region.

Major Market Players Operating in Vietnam Automotive Handbrake & Clutch Cable Market Are:

  • Sumiden Vietnam Automotive Wire Co., Ltd.
  • Sai Gon Mechanical Engineering Corporation (SAMCO)
  • Vietnam Electric Cable Corporation (CADIVI)
  • DAPHACO Electric Cable Corporation
  • Tai Truong Thanh Manufacturing – Trading Electric Wires and Cables Co., Ltd.
  • Korea Electrical Equipment Joint Stock Company (SUNWON)
  • Tai Sin Electric Cables (VN) Co., Ltd.
  • Myungbo Vina Co., Ltd.
  • I Sheng Electric Wire & Cable (Vietnam)
  • Truong Hai Group Corporation (THACO)

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The automotive handbrake and clutch cable market in Vietnam is experiencing steady growth, driven by the increasing demand for efficient, durable, and high-performance automotive components. Handbrake and clutch cables are essential for vehicle safety and performance, providing reliable operation for both passenger cars and commercial vehicles. As consumer preferences shift toward enhanced vehicle safety, manufacturers are focusing on the development of cables that offer improved durability, corrosion resistance, and responsiveness. Technological innovations in materials and design are also driving advancements in cable performance, ensuring they meet the increasing standards for safety and efficiency. Moreover, the growing adoption of electric vehicles (EVs) and the expansion of the automotive sector in Vietnam are fueling demand for specialized cables designed to meet the unique requirements of modern vehicles. These trends, alongside government regulations and the push for safer and more efficient vehicles, are key factors contributing to the market's growth. According to Mr. Karan Chechi, Research Director at TechSci Research, an India-based research management consulting firm, these trends are poised to drive significant market growth.

The report titled “Vietnam Automotive Handbrake & Clutch Cable Market By Vehicle Type (Two wheeler, Passenger Car, LCV, and M&HCV), By Product Type (Handbrake Cable & Clutch Cable), By Sales Channel (OEM & Replacement), By Region, By Competition, 2020-2030F”, assesses the market's future growth potential and provides data on market size, trends, and forecasts. It aims to offer comprehensive market insights, helping decision-makers make informed investment choices. The report also highlights emerging trends, key drivers, challenges, and opportunities in the Vietnam Automotive Handbrake & Clutch Cable Market.

 

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Vietnam Automotive Handbrake & Clutch Cable Market By Vehicle Type (Two wheeler, Passenger Car, LCV, and M&HCV), By Product Type (Handbrake Cable & Clutch Cable), By Sales Channel (OEM & Replacement), By Region, By Competition, 2020-2030F

Automotive | May, 2025

The growing demand for automotive safety, increasing vehicle production, and advancements in automotive cable technologies are the factors driving the market in the forecast period 2026-2030.

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