Press release
Top Market Shifts Transforming the Automotive Cables Market Landscape: Key Insights
Automotive Cables
What Is the Expected CAGR for the Automotive Cables Market Through 2025?
In the past few years, the size of the automotive cables market has seen steady expansion. The market, which is slated to progress from $6.04 billion in 2024 to $6.3 billion in 2025, is set to experience a compound annual growth rate (CAGR) of 4.3%. This ascension during the historic period is primarily due to the robust economic improvement in budding markets, favorable low-interest rates, global population increase, skyrocketing demand for vehicles, governmental backing for automobile industry, coupled with a surge in demand for better user aesthetic, as well as safety and convenience.
What's the Projected Size of the Global Automotive Cables Market by 2029?
The market size for automotive cables is predicted to witness robust expansion in the coming years. The market value is anticipated to reach $8.33 billion by the year 2029, with a compound annual growth rate of 7.2%. The projected growth during this period can be associated with factors such as global population expansion and urbanization, the swift growth of e-commerce, supportive government initiatives, an emphasis on car accessories, and a concentration on electric vehicles (EVs). Noteworthy trends for the forecast period encompass the consideration of aluminum usage in cable manufacturing to lessen weight, the development of sheathed cables with cutting-edge materials, emphasis on both private and public funding, and modernization of cable testing methods.
View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-cables-global-market-report
Top Growth Drivers in the Automotive Cables Industry: What's Accelerating the Market?
The growth of the automotive cables market is being driven by the rising demand for vehicles. These cables are utilized in automobiles for a variety of functions, including starting, charging, lighting, signaling, and dashboard circuit operations. For example, automotive battery cables link the battery to the automobile's electrical network. As demand for vehicles rises, automotive firms will need to boost their production, in turn, leading to increased demand for automotive cables. For example, according to an October 2022 report from the Indian Brand Equity Foundation (IBEF), a government agency in India that provides economic data, the total production of passenger vehicles, including three-wheelers, two-wheelers, and quadricycles, in June 2022 was recorded as 2,081,148 units. Furthermore, in 2021, the market size for passenger cars in India was US$ 32.70 billion, and it is predicted to reach US$ 54.84 billion by 2027, demonstrating a CAGR of 9%. Hence, the surge in vehicle demand is having a positive impact on the growth of the automotive cables market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2787&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the Automotive Cables Market?
Automotive cables market players are focusing on replacing copper with aluminum in battery cables to cut down on production expenses and weight. Aluminum is one-third the weight of copper and is comparatively cheaper, with no significant impact on cable performance. Illustrating this trend, Sumitomo Electric, a versatile global company based in Japan producing goods for various sectors, switched to the use of highly durable, heat-resistant aluminum alloy wires for automotive purposes in April 2024. This shift allows for components that handle heat better and weigh less, aspects that are paramount in EVs due to considerations of battery heat management and overall weight.
What Are the Main Segments in the Automotive Cables Market?
The automotive cables market covered in this report is segmented -
1) By Product Type: Copper Core, Aluminum Core, Other Product Types
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
Subsegments:
1) By Copper Core: Copper Wire Harnesses, Copper Battery Cables, Copper Sensor Wires, Copper Power Distribution Cables
2) By Aluminum Core: Aluminum Wire Harnesses, Aluminum Battery Cables, Aluminum Sensor Wires, Aluminum Power Distribution Cables
3) By Other Product Types: Fiber Optic Cables, Multi-Core Cables, High-Temperature Resistant Cables, Specialty Automotive Cables
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2787&type=smp
Which Top Companies are Driving Growth in the Automotive Cables Market?
Major companies operating in the automotive cables market include Sumitomo Corporation, Prysmian Group - General Cable, Leoni AG, Lear Corporation, Aptiv Group - Delphi Automotive PLC, Furukawa Electric, Motherson Sumi, LS Cables & Systems, HUBER+SUHNER., Acome, Yazaki Corporation, Fujikura Ltd., Robert Bosch, HELLA GmbH & Co. KGaA, Coroplast Harness Technology Sp. z oo sp. k, EK Elektrokabel FABRYKA KABLI Karolak i synowie sp. z o.o., Coroflex Poland Sp. z o.o Sp. k., Eltrim Kable Sp. z o. o, Anixter, Allied Wire & Cable Inc, Emcocables, Navcar S.A.S, Wirex Cable SA, Sistemas de Argentina S.A, Bahra Cables, Coficab Group
Which Regions Will Dominate the Automotive Cables Market Through 2029?
Asia-Pacific was the largest region in the global automotive cables market in 2024. The regions covered in the automotive cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2787
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:info@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Top Market Shifts Transforming the Automotive Cables Market Landscape: Key Insights here
News-ID: 4260762 • Views: …
More Releases from The Business Research Company
Increasing Electricity Demand Boost Distribution Board Market: A Key Catalyst Ac …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Distribution Board Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for distribution boards has seen considerable growth in recent years. The market is projected to expand from $6.96 billion in 2024 to $7.36 billion in 2025, with a compound annual growth rate…
Key Trends Reshaping the Electrical Equipment Market: Increasing Focus On Simpli …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Electrical Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the electrical equipment market has significantly increased over the past few years. Predictions indicate a rise from $1667.51 billion in 2024 to $1752.23 billion in 2025, displaying a compound annual growth rate (CAGR) of 5.1%.…
Increasing Electricity Demand Boost Distribution Board Market: A Key Catalyst Ac …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Distribution Board Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for distribution boards has seen considerable growth in recent years. The market is projected to expand from $6.96 billion in 2024 to $7.36 billion in 2025, with a compound annual growth rate…
Disconnector Switches Market Landscape to 2034: Key Forces Shaping the Next Deca …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Disconnector Switches Market Size By 2025?
The size of the market for disconnector switches has consistently expanded over the recent years. It is predicted to rise from $14.25 billion in 2024 to $14.86 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.2%.…
More Releases for Cable
Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cab …
The Cable Management Market would portray a significant CAGR by 2027, as per the latest report published by Allied Market Research.
Allied Market Research recently published a report, titled, “Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cable Connectors &Glands, Cable Carriers, cable Lugs, Cable Junction Boxes, and Others), and End User (IT & Telecommunication, Commercial Construction, Energy, Manufacturing and Automation, Marine, Mining, Healthcare, and Others): Global Opportunity…
Automotive Control Cable Market 2019 Precise Outlook - SAB Cable, Allied Wire & …
Global Automotive Control Cable Market Report 2019-2025 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time…
Cable & Accessories Industry - Nexans, General Cable Technologies, ABB, Brugg, P …
Electrical cable, an assembly of one or more wires which may be insulated, used for transmission of electrical power or signals
Wide array and volume of cable & accessories applications, high demand from residential to industrial applications and increasing power demand is expected to drive growth in cable and accessories market. Furthermore, Growth in rural electrification especially in the developing economies, growing use of cable & accessories in various industries and…
Global Submarine Cable Market 2017: General Cable, Nexans, Prysmian Group, Allie …
Submarine Cable Market Research Report 2017
In this report, the global Submarine Cable market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (volume), revenue (value), market share and growth rate of Submarine Cable for these regions, from 2012…
Cable Management System Market (Cable Tray, Cable Ladder, Raceway, Cable Trunkin …
This report on the global cable management system market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and the years from 2016 to 2024 are the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the cable management systems market over the forecast period…
Global Nuclear Power Cable Market 2016 : Qingdao Hanlan Cable, Jiangsu Shangshan …
A market study based on the "Nuclear Power Cable Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Nuclear Power Cable Market 2016’. The research report analyzes the historical as well as present performance of the global Nuclear Power Cable market, and makes predictions on the future status of Nuclear Power Cable market on the basis of this analysis.
Get Free Sample Copy of Report…
