openPR Logo
Press release

Automotive Wires and Cable Materials Market is expected to increase at a CAGR of 6.3% during the forecast period 2016-2026

08-16-2018 01:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Automotive Wires and Cable Materials Market is expected

Global automotive wire and cable materials market revenues will grow by 7.3% in 2016, reaching nearly US$ 4 billion in revenues. Growth will be supported by increasing emphasis on safety and vehicle maintenance, as well as increasing installation of infotainment and navigation systems. Steady automotive sales will continue to serve the market well, especially in Asia Pacific, where China and India will witness heightened demand.

A sample of this report is available upon request@https://www.futuremarketinsights.com/reports/sample/rep-gb-1676

While growth of the automotive wire and cable materials market will remain stable over 2016, emerging trends will continue to play an important role in shaping up the market. Innovations in connected and hybrid vehicles and substitution of copper with aluminium are expected to influence manufacturing process in 2016 and beyond.

Polyvinyl chloride (PVC) will continue to be the most sought-after material for manufacturing automotive wires and cables. This segment will witness a year-over-year growth of 5.6% and reach US$ 1.9 Bn in revenues in 2016. Polypropylene (PP), the second-largest segment by material type, will witness a growth rate of 6.8% in 2016.

While passenger cars will remain the largest segment in terms of vehicle type, development of rapid transit routes and increasing adoption of hybrid power trains will create opportunities in the light commercial and heavy commercial vehicles segment. Light commercial vehicles segment is anticipated to grow by 4.7% in 2016 over 2015 to reach US$ 0.7 Bn in revenues.

Asia Pacific excluding Japan (APEJ) is the largest market for automotive wire and cable materials and the status quo will remain so in 2016 and beyond. Growth of the automotive wire and cable materials market in APEJ will be supported by the resurgent automotive sector in the region. Increasing emphasis on safety and functionality and implementation of vehicle safety regulations will influence demand positively. The APEJ automotive wire and cable materials market will grow by 6.2 % in 2016 to reach US$ 2.1 Bn in revenues. North America and Western Europe, the other key markets for automotive wire and cable materials will also witness significant growth in 2016.

Leoni AG, Coficab Tunisie SA and Sumitomo Corporation are the top 3 players in the global automotive wire and cable materials market. These 3 players collectively accounted for 46.2% revenue share of the market in 2015. In addition to these marquee players, Delphi Automotive PLC, Draka Holdings B.V., Lear Corporation, Coroplast Fritz Muller GmbH & C. KG, Yazaki Corporation and Allied Wire and Cable Inc. etc. are the other leading players in this market.

Request report Toc@https://www.futuremarketinsights.com/askus/rep-gb-1676

Long-term Outlook: The global automotive wire and cable materials market is expected to increase at a CAGR of 6.3% during the forecast period 2016-2026 and reach US$ 3.9 Bn in revenues in 2016. APEJ will continue to be the largest market throughout the forecast period.

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Web: https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Wires and Cable Materials Market is expected to increase at a CAGR of 6.3% during the forecast period 2016-2026 here

News-ID: 1182939 • Views:

More Releases from Future Market Insights

AI in IoT Market Set to Reach USD 172.8 Billion by 2035 with 6.4% CAGR Amid Rising Digital Transformation
AI in IoT Market Set to Reach USD 172.8 Billion by 2035 with 6.4% CAGR Amid Risi …
The AI in IoT market is witnessing rapid expansion as enterprises across industries increasingly integrate artificial intelligence with Internet of Things (IoT) systems. Valued at USD 92.9 billion in 2025, the market is projected to reach USD 172.8 billion by 2035, representing a compound annual growth rate of 6.4%. The integration of AI into IoT infrastructure enables predictive analytics, real-time monitoring, and automated control across multiple applications, transforming how businesses
Catalog Management System Market Poised to Reach USD 4.2 Billion by 2035 with Advanced Technology Integration
Catalog Management System Market Poised to Reach USD 4.2 Billion by 2035 with Ad …
The catalog management system (CMS) market is experiencing steady and strategic growth, with its value projected to rise from USD 1.9 billion in 2025 to USD 4.2 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8.1%. The market expansion is primarily fueled by businesses' growing need for centralized product information, streamlined digital operations, and enhanced customer experiences across increasingly complex sales channels. As e-commerce continues to penetrate global
HIFI Electronics Market Set to Double by 2035, Driven by Premium Audio and Technological Innovation
HIFI Electronics Market Set to Double by 2035, Driven by Premium Audio and Techn …
The global HIFI electronics market is poised for remarkable growth over the next decade, projected to expand from USD 17,243.4 million in 2025 to USD 37,227.2 million by 2035. This impressive growth trajectory, representing an absolute increase of nearly USD 19,983.8 million and a compound annual growth rate (CAGR) of 8%, reflects the rising global appetite for premium audio experiences and high-fidelity sound reproduction across personal and professional applications. The expansion
Interrogation Table Market to Reach USD 435.7 Million by 2035, Driven by Security Infrastructure Expansion
Interrogation Table Market to Reach USD 435.7 Million by 2035, Driven by Securit …
The global interrogation table market, valued at USD 321.1 million in 2025, is set to grow steadily to USD 435.7 million by 2035, registering a moderate CAGR of 3.1%. This trajectory reflects a market gradually approaching maturity, where incremental demand for specialized security furniture outweighs rapid expansion. The early stage from 2025 to 2028 is expected to see modest increases in annual revenues, primarily linked to new infrastructure development across

All 5 Releases


More Releases for APEJ

APEJ to Spearhead the Global Soy Protein Hydrolysate by 2026
The Global Dietary Supplements Industry Current Scenario and Outlook The unprecedented COVID-19 outbreak has brought significant challenges for various industries across the globe. Stringent restrictions on movement, production, supply of raw materials, and limited stocks have affected the growth of businesses to a great extent.However, with the roll out of the vaccination process in countries like the U.S., the U.K., China, India, and Germany, manufacturers are gaining momentum in terms of
Lacquer Market : APEJ to be the largest market through 2028
Global demand for lacquers is likely to reach roughly 7 million tons in 2018, as applications in furniture, automotive, and architectural industries create sustained growth opportunities. The shift from solvent-based to water-based lacquers will become more palpable in the next decade, as a combination of environmental compliance and end-user consciousness induces changes in manufacturing and uptake. The long-term outlook on lacquer market remains bullish, with novel applications in cosmetics likely
Dimethylolpropionic Acid (DMPA) Market: APEJ to Remain Largest Consuming
Future Market Insights (FMI) delivers key insights on the global dimethylolpropionic acid market in its upcoming report titled “Dimethylolpropionic Acid (DMPA) Market: Global Industry Analysis and Opportunity Assessment 2015–2020”. The global Dimethylolpropionic Acid (DMPA) market is projected to expand at a CAGR of over 8% during the forecast period (2015–2020), largely due to increasing demand for polyurethane dispersions, regarding which FMI offers vital insights in detail in this report. On the
Global Construction Polymer Manufacturing to Remain Concentred in the APEJ Regio …
Over the years, the global construction industry has emerged as the largest consumer of polymer composites. Surging use of polymer and polymer composite materials in the construction industry has been instrumented by the technical, structural, architectural, and designing advantages of construction polymers over conventional construction materials such as dust, sand and concrete. Future Market Insights’ new report reveals that by the end of 2026, over US$ 135 Mn worth of
APEJ Automotive Aftermarket to hit US$ 218.73 Bn by 2025
Future Market Insights (FMI) announces release of its latest market outlook forecast titled “Automotive Aftermarket: Asia-Pacific Excl. Japan (APEJ) Industry Analysis and Opportunity Assessment 2015 - 2025”. According to this report, automotive aftermarket components in Asia Pacific is anticipated to account for US$ 218.73 Bn by 2025, registering a compound annual growth rate (CAGR) of 9.1% throughout the forecast period. The automotive aftermarket is a secondary market, which plays a
APEJ Automotive Aftermarket Poised to hit US$ 218.73 Bn by 2025
Future Market Insights (FMI) announces release of its latest market outlook forecast titled “Automotive Aftermarket: Asia-Pacific Excl. Japan (APEJ) Industry Analysis and Opportunity Assessment 2015 - 2025”. According to this report, automotive aftermarket components in Asia Pacific is anticipated to account for US$ 218.73 Bn by 2025, registering a compound annual growth rate (CAGR) of 9.1% throughout the forecast period. The automotive aftermarket is a secondary market, which plays a