Automotive Cables Market Growth Analysis And Indications – Includes Automotive Cables Market Size
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Major players in the automotive cables market include Sumitomo Corporation, Prysmian Group – General Cable, Leoni AG, Lear Corporation, Aptiv Group – Delphi Automotive PLC.
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The automotive cables market is expected to reach from $5.06 billion in 2021 to $7.01 billion in 2026 at a rate of 6.7%. The automotive cables market size is then expected to grow at a CAGR of 8.3% from 2026 and reach $10.46 billion in 2031.
Asia Pacific was the largest region in the global automotive cables market.
The automotive cables market consists of sales of automotive cables by entities (organizations, sole traders and partnerships) that power electric devices and equipment in automobiles including passenger and commercial vehicles. Automotive cables transmit electricity to power various devices in a vehicle and are found in a variety of applications including lights, ignition, battery charging, starter motor, steering column, motorized mirrors, power windows, stereo systems, communication, sensors and many more.
Growth of population globally is expected to drive the demand for automotive cables going forward.
Poly-Vinyl Chloride (PVC) is increasingly used to make sheathing automotive cables as it is flexible, flame retardant, has great thermal stability and extremely low lead content. It. Due to current economic and environmental concerns, automotive manufacturers are incorporating advanced plastic materials such as PVC to reduce weight, make vehicles more fuel efficient, and provide good thermal and electrical properties.
TBRC’s Automotive Cables Market Report Is Segments:
By Product Type: Copper Core, Aluminum Core, Other Product Type
By Sales Channel: Direct Channel, Distribution Channel
By Application: Automotive primary wire and battery cable, Brake cabl, Trailer cable, Car speaker wire, Fusible link wire
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Automotive Cables Market Report 2022–Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides an overview of the automotive cables market globally and regionally, analyzes and forecasts market size, share, automotive cables market players, automotive cables market segments, leading competitor revenues, profiles and market shares.
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