New York, Global Automotive Park Brake Lever (Handbrake) Market report from Global Insight Services is the single authoritative source of intelligence on Automotive Park Brake Lever (Handbrake) Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
An automotive park brake lever is a lever located in the center console of a vehicle that is used to engage the parking brake. The parking brake is a mechanism that prevents the vehicle from rolling when it is not in motion. The parking brake lever is typically engaged by pulling on the lever with the hand. The parking brake lever is released by pushing on the lever with the hand.
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Key Trends
Some of the key trends in automotive park brake lever technology include the development of more compact and lightweight designs, the integration of sensors and other electronics, and the use of alternative materials such as composites.
Compact and lightweight designs are becoming increasingly popular as they offer space and weight savings. This is especially important in electric and hybrid vehicles where every gram counts.
The integration of sensors and other electronics is another trend that is gaining traction. This allows the park brake lever to be used as part of a more comprehensive safety system. For example, some systems can automatically apply the parking brake if the vehicle is left unattended on an incline.
The use of alternative materials such as composites is another area that is seeing some innovation. These materials offer a number of advantages over traditional metals, including being lighter and more corrosion resistant.
Key Drivers
The automotive park brake lever (handbrake) market is primarily driven by the rising demand for safety features in vehicles. In addition, the growing popularity of SUVs and crossovers is also expected to fuel the growth of the market. Moreover, the increasingly stringent government regulations regarding vehicle safety are also expected to propel the growth of the market.
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Market Segmentation
By Lever Type
- Pull-twist Handgrip Lever
- Pull-press-button Hand-Lever
- Pull-squeeze Pistol-grip Hand-lever
- Others
By Functionality Type
- Conventional
- Electric
By Vehicle Type
- Conventional Vehicles
- Passenger Car
- Compact Cars
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
Key Players
The key players in the Automotive Park Brake Lever (Handbrake) Market are SKF, Ficosa Internacional SA, Hitachi, Ltd., Continental AG, ZF Friedrichshafen AG, Robert Bosch GmbH, Eaton, BorgWarner Inc., AISIN, and The AEVIT.
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