Press release
Automotive Cables Market Size, Status and Precise Outlook 2021 - Sumitomo Corporation, Coficab Tunisie SA, Leoni, Delphi Automotive PLC
Global Automotive Cables Market Research Report published by market insight reports explores the current outlook in global and key regions from the perspective of Major Players, Countries, Product Types, and end industries. This report analyzes top players in the global market and divides the Market into several parameters.This Automotive Cables Market research report identifies the competitive landscape of industries to understand the competition at the International level. This report study describes the projected growth of the global market for approaching years from 2019 to 2030. This research report has been aggregated based on static and dynamic aspects of the businesses.
The global automotive cables market was worth $2.78 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7.54% and reach $3.72 billion by 2023.
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Market Overview: -
The growth of the automotive cables market is hindered by the growing availability of counterfeit auto parts including automotive cables. Cheap counterfeited cables are responsible for major revenue loss for authentic cable manufacturers. Apart from being priced low, these cables also increase the risk of accidents because of their low quality. The availability of counterfeited cables forces genuine manufacturers to spend heavy amounts to stop the sale of counterfeited products. According to the Federation of Indian Chambers of Commerce and Industry report in 2018, about 20% of all road accidents in India are attributed to counterfeit automotive parts with Rs 2,200 crore revenue being lost by the government due to these counterfeit products. Thus, the availability of counterfeit auto parts hampers the growth of the automotive cables market.
In 2019, TPC Wire & Cable Corp. (TPC), a USA-based provider of premium electrical wire and cable solutions, acquired EZ Form Cable Corporation for an undisclosed amount. Through the acquisition, TPC aims to strengthen its wire and cables solutions by utilizing wiring and cables solutions from EZ Form Cable Corporation's portfolio. EZ Form Cable Corporation is a USA-based provider of RF connectors, coaxial cable, and coaxial cable assemblies.
Market Scope: -
Markets Covered: 1) By Product Type: Copper Core; Aluminum Core; Others; 2) By Sales Channel: Direct Channel; Distribution Channel; 3) By Application: Automotive Primary Wire and Battery Cable; Brake Cable; Trailer Cable; Car Speaker Wire; Fusible Link Wire
Companies Mentioned: Sumitomo Corporation; Coficab Tunisie SA; Leoni; Delphi Automotive PLC; General Cable.
Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, Automotive Cables indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Browse in-depth and report summary TOC on "Automotive Cables Market": -
https://www.marketinsightsreports.com/reports/05072013878/automotive-cables-global-market-report-2020-30-covid-19-impact-and-recovery-including-1-by-product-type-copper-core-aluminum-core-others-2-by-sales-channel-direct-channel-distribution-channel-3-by-application-automotive-primary-wire-and-battery-cable-brake-cable-trailer-cable-car-speaker-wire-fusible-link-wire-covering-sumitomo-corporation-coficab-tunisie-sa-leoni-delphi-automotive-plc-general-cable?Mode=18
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Automotive Cables Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Automotive Cables Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
Finally, the Automotive Cables market report offers a complete and detailed study of the global Automotive Cables market by using numerous analytical tools and models such as SWOT analysis, investment return analysis, and porter’s five forces analysis which are useful for beginners to access the upcoming opportunities. After exploring the market insights through primary and secondary research methodologies, if anything is required except this, market insight reports will provide customization as per specific demands.
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides US and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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