• Blog
  • Automotive Cable And Wire Market Report

    Automotive Cable And Wire Market Report

    Automotive Cable And Wire Market Report
    Report code - SR1071 Delivery - 2 Weeks
    Get Free Sample |
    Play Audio
    Listen
    Global Automotive Cable and Wire Market, Dynamics, Trends, Market Insights
    See more...

    Impact of COVID-19 on Automotive Cable And Wire Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Automotive Cable And Wire Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Automotive Cable and Wire Market is projected to grow from USD 31.1 billion in 2020 to USD 40.7 billion by 2026 at a CAGR of around 4.7% during the forecast period.

    Figure: Global Automotive Cable and Wire Market Size, 2020-2026 (USD Billion)

    Automotive-Cable-&-Wire-Market-Forecast

    Wish to get a free sample? Click here.

    What are Automotive Wire and Cables?

    Automotive cables are designed to transmit electricity to power devices equipped on a vehicle such as lighting, steering servos, air-conditioning units, and sensors. Automotive wires and cables can be made using materials such as copper and aluminum among others.

    Key Players

    Key players operating in the global Automotive Cable and Wire market are-

    • ACOME (France),
    • Allied Wire & Cable (The U.S),
    • Coficab (China),
    • Coroplast Fritz Müller GmbH & Co. KG (Germany),
    • Aptiv plc (The U.S),
    • Draka Holdings B.V. (Netherlands),
    • Lear Corporation (The U.S),
    • Leoni AG (Germany),
    • Sumitomo Electric Industries, Ltd (Japan), and
    • Yazaki Corporation (Japan).

    Market Dynamics

    The rising product of electric vehicles on account of increasing environmental regulations is likely to boost the product demand significantly.

    • The growth of the global automotive cable and wire market is primarily driven by the increasing growth of the automotive industry particularly in developing countries.
    • Growing demand for high-quality automotive cables and wires is likely to create lucrative opportunities for the market players during the review period.

    Segments' Analysis

    Vehicle Type Trends

    By vehicle type, the automotive cable and wire market has been bifurcated into passenger vehicle light commercial vehicle (LCV), and heavy commercial vehicle (HCV).

    The passenger vehicle segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period on account of increasing automotive production across geographies.

    Regional Trends

    By region, the market in Asia-Pacific accounted for the largest market share of around 30% in 2020 and is projected to grow at a significant CAGR during the assessment period.

    • The regional growth can be attributed to expanding automotive industry in the developing countries such as China and India.
    • The market in North America is expected to be driven by presence of established automotive industry and key market players such as Allied Wire & Cable (The U.S) and Aptiv plc (The U.S).

    COVID-19 Impact on Global Automotive Cable and Wire Market

    Covid-19 outbreak impacted the growth of the automotive cable and wire market negatively. The spread of coronavirus led to enforcement of lockdown to curb the spread of virus. This led to travel restrictions and supply chain disruptions, which in turn affected the product availability on time.

    Critical Questions Answered in the Report

    • What are the key trends in the global Automotive Cable and Wire market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global Automotive Cable and Wire market?
    • What are the key strategies adopted by the major vendors to lead in the global Automotive Cable and Wire market?
    • What is the market share of the top vendors?

    To know about the assumptions related to the report, Register here.

    Target Audience

    • Automotive cable and wire distributors
    • Automotive cable and wire suppliers
    • Automotive cable and wire manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The automotive cable and wire market size is expected to reach USD 40.7 billion in the foreseeable future.

    ACOME (France), Allied Wire & Cable (The U.S), Coficab (China), Coroplast Fritz Mller GmbH & Co. KG (Germany), Aptiv plc (The U.S), Draka Holdings B.V. (Netherlands), Lear Corporation (The U.S), Leoni AG (Germany), Sumitomo Electric Industries, Ltd (Japan) and Yazaki Corporation (Japan) are among the key players in the automotive cable and wire market.

    The automotive cable and wire market is expected to witness an impressive growth of 4.7% CAGR in the coming years.

    Asia-Pacific accounted for the largest market share of around 30% in 2020 and is projected to grow at a significant CAGR.

    Passenger vehicle segment accounted for the largest market share in 2020 and is projected to register significant growth.

    Automotive cable and wire distributors, Automotive cable and wire suppliers, Automotive cable and wire manufacturers, Logistics organizations, Government bodies are the target audience in the automotive cable and wire market.

    •   

      Why are We Class Apart?

      We Track Fast-Changing Market Dynamics for Clients

      Our Intelligence is Powered by Industry Voice

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      We Serve Companies Across the Value Chain

      Know High Growth Opportunities