Vietnam Automotive Handbrake & Clutch Cable Market to Reach $ 25 Million by 2023
Growing automobile sales to
drive Vietnam automotive handbrake & clutch cable market through 2023
According to TechSci Research report, “Vietnam
Automotive Handbrake & Clutch Cable Market By Vehicle Type, By Product
Type, By Sales Channel, Competition Forecast & Opportunities, 2013-2023”, Vietnam
automotive handbrake & clutch cable market is projected to reach around $ 25
million by 2023, on account of rising production of automobiles in the country
coupled with growing automobile sales owing to their increasing demand across
the country, predominantly in South Vietnam. Moreover, continuing growth in production
of passenger cars and light commercial vehicles during the last 2-3 years has further
boosted the sales of automotive handbrake and clutch cables in the country. Additionally,
massive two-wheeler fleet in Vietnam is supporting the automotive handbrake and
clutch cable market in the replacement segment.
Browse 46 market data Figures spread through 68 Pages and an in-depth TOC
on "Vietnam Automotive Handbrake &
Clutch Cable Market"
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With an expanding volume share of over 91% in 2017, two-wheeler
segment dominated Vietnam automotive handbrake & clutch cable market,
followed by the passenger car segment. Owing to growing affordability and
traffic congestions across the country, the two-wheeler segment has maintained
its prime position as a medium for travelling for individuals in the country. Prominent
automotive handbrake and clutch cable manufacturers are continuously enhancing and
expanding their product offering to gather more customer concentration towards
their products. Furthermore, the country has also witnessed an increase in several
Chinese automotive handbrake and clutch cable manufacturers as they have also
intensified their business operations by enhancing the quality of their products
as well as expanding their product portfolio.
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“Growing presence of companies coupled with their continuing research
and development efforts for innovative products to manufacture premium and more
sophisticated automotive handbrake and clutch cable and to offer a wide product
range is expected to intensify market competition in Vietnam automotive
handbrake and clutch cable market in the coming years. Moreover, rising average
selling price of automotive handbrake and clutch cables and expanding
automobile fleet would further boost revenues of automotive handbrake and
clutch cable manufacturers in Vietnam during the forecast period.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Vietnam Automotive
Handbrake & Clutch Cable Market By Vehicle Type, By Product Type, By Sales
Channel, Competition Forecast & Opportunities, 2013-2023” has analyzed the potential
of automotive handbrake and
clutch cable market in Vietnam, and provides statistics and information
on market sizes, shares and trends. The report will suffice in providing the
intending clients with cutting-edge market intelligence and help them in taking
sound investment decisions. Besides, the report also identifies and analyzes
emerging trends along with essential drivers and key challenges faced by Vietnam
automotive handbrake and clutch
cable market.
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