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Growth of population globally is expected to drive the demand for automotive cables going forward, as per The Business Research Company’s automotive cables market opportunities and strategies report.

The automotive cables market is expected to grow from $5.06 billion in 2021 to $7.01 billion in 2026 at a rate of 6.7%. The global automotive cables market size is then expected to grow at a CAGR of 8.3% from 2026 and reach $ 10.46 billion in 2031.

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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.

Aluminum-based cables are becoming more popular in the automotive cables market. Aluminum cables are 40% lighter than conventional copper wires and can reduce the weight of wires from 25 kgs per vehicle to about 15 kgs. Companies are increasingly focusing on ways to achieve weight reduction of vehicles and improved efficiency in the manufacturing process of vehicles.

The Global Automotive Cables Market Is Segmented:
By Product Type: Copper Core, Aluminum Core, Other Product Types

By Sales Channel: Direct Channel, Distribution Channel

By Application: Automotive Primary Wire And Battery Cable, Brake Cable, Trailer Cable, Car Speaker Wire, Fusible Link Wire

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global automotive cables market.

TBRC’s Automotive Cables Market Report Covers

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

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 thorough automotive cables market research, analyzes and forecasts automotive cables market size, automotive cables market share, automotive cables market players, automotive cables market trends, automotive cables market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s automotive cables market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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.

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