About Automotive Cable
The automotive cable is used for electrical wiring in motorcycles, automobiles, and other motor vehicles in applications including starting, charging, lighting, signaling, and instrument panel circuits. The increased number of vehicles-in-use results from increased longevity and from more sales of new cars. There are almost 1.2 billion cars and light trucks in use globally. This has led to significant growth in the global automotive cable market in the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Yazaki Corporation (Japan), Sumitomo Electric Industries, Ltd. (Japan), Aptiv PLC (Ireland), Leoni AG (Germany), Coficab (Tunisia), General Cable (United States), Furukawa Electric Co., Ltd. (Japan), Fujikura Ltd. (Japan), YURA Corp (Slovakia) and Shanghai Shenglong (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Beijing S.P.L Wire & Cable Co,.Ltd (China) and 3F Electronics (Lebanon).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Cable market by Type (Automotive Primary Wire and Battery Cable, Brake Cable and Trailer Cable), Application (Passenger Vehicle, Commercial Vehicle and Electric Vehicle) and Region.
On the basis of geography, the market of Automotive Cable has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Cables Type, the sub-segment i.e. Single Core will boost the Automotive Cable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Copper will boost the Automotive Cable market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in the Electrical and Electronic Content in the Automobiles
Market Growth Drivers:
Rising demand and number of new registrations vehicles per year in developed and developing economies especially in Southeast Asia and India are driving the growth of the global automotive cable market. Approximately nearly 77 million automobiles sold out in 2019.
Challenges:
Manufacturing Challenges In Wire harness
Restraints:
Intense Competition among the Competitors
Opportunities:
Technological Advances in the field of Automotive Assembly Line and Increase the Efficiency of the Wire Harness Design in Terms of Cost and Time
Market Leaders and their expansionary development strategies
In September 2022, Aptiv PLC, a global technology company focused on making mobility safer, greener, and more connected, acquired an 85% stake in Intercable Automotive Solutions, a subsidiary of Intercable S.r.l., for €595 million. adjustment. Headquartered in Brunek, Italy, with manufacturing facilities in Europe and Asia, Intercable Automotive Solutions is an industry leader and pioneer in high-voltage power distribution and high-precision connection technology.
On 15th August 2019, Leoni has announced the expansion of Leoni building new plant section for EC charging cables and high-voltage cables foundation-laying ceremony for the new EMOMex building in Cuauhtémoc, Chihuahua with this new expansion work, the company’s Wire & Cable Solutions Division (WCS) will be enlarging its facility in Cuauhtémoc, Mexico by 7000 square metres with the option for a further 3000 square metres.
Key Target Audience
Automotive Cable Manufacturers, Automotive Industries, Automotive Cable Distributors and Suppliers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.