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Segmentation, Major Trends, and Competitive Analysis of the Automotive Cables Market
Automotive Cables Market
Projected Market Size and Growth of the Automotive Cables Market
The automotive cables sector is forecasted to experience strong expansion, reaching a market value of $8.94 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 7.3%. Several factors are contributing to this upward trajectory, such as the increasing need for sophisticated electric vehicle (EV) wiring systems, the adoption of high-speed data transmission cables, development of thermal-resistant cables specifically designed for automotive use, and the broadening ecosystem of vehicle electrification. Additionally, enhanced safety wiring modules and sensor integration continue to spur market growth. Key trends expected to influence the industry include the use of lightweight aluminum cable systems, smart and connected wiring networks, advancements in high-voltage EV cable technologies, more automated cable manufacturing processes, and the implementation of intelligent in-vehicle communication systems.
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Leading Corporations Driving the Automotive Cables Industry
A number of prominent companies hold significant positions within the automotive cables market. These 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., 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, and Coficab Group.
Strategic Acquisition to Strengthen Market Position
In July 2024, Voltaira Group, a Germany-based multinational specializing in cable solutions for automotive, transportation, and two-wheeler industries, acquired Auto-Kabel Group, also based in Germany. Auto-Kabel Group is known for manufacturing cables and various automotive components, as well as offering services related to energy management and power distribution. This acquisition aims to bolster Voltaira Group's market presence and operational efficiency through strategies such as expanding market reach, increasing market share, achieving cost synergies, diversifying offerings, accessing new technologies and expertise, and reinforcing competitive advantages. Auto-Kabel Group is a leading supplier of vehicle power distribution systems, including cables and connection technologies.
View the full automotive cables market report:
https://www.thebusinessresearchcompany.com/report/automotive-cables-global-market-report
Innovations and Future Directions in the Automotive Cables Market
Companies in the automotive cables sector are actively developing cutting-edge solutions like high-capacity automotive cable harnesses to meet the growing need for efficient and reliable wiring systems. This demand is driven by the rise of electric vehicles, advanced driver-assistance systems (ADAS), and smart automotive electronics. High-capacity cable harnesses combine multiple wires and connectors into a single, well-organized unit, which enhances signal quality, reduces overall weight, and improves durability compared to traditional wiring arrangements. For example, in September 2025, Jetty Automotive Technology, a Chinese automotive tech firm, opened a new cable manufacturing plant in Borj Cedria, Tunisia. This facility covers 4,600 square meters, with 3,870 square meters of usable space, and is capable of producing 5,000 cable harnesses daily. The new plant is expected to generate about 1,000 jobs directly and promote technology transfer and industrial diversification in Tunisia. These harnesses are designed with optimized spatial layouts, high-grade insulation for safety, and compatibility with modern vehicle electronics, making them suitable for a wide range of automotive wiring needs, from internal circuits to advanced electrical architectures.
Detailed Segmentation of the Automotive Cables Market
The automotive cables market report classifies the industry across several dimensions:
By Product Type:
- Copper Core
- Aluminum Core
- Other Product Types
By Sales Channel:
- Direct Channel
- Distribution Channel
By Application:
- Automotive Primary Wire and Battery Cable
- Brake Cable
- Trailer Cable
- Car Speaker Wire
- Fusible Link Wire
Further Subcategories include:
By Copper Core: Copper Wire Harnesses, Copper Battery Cables, Copper Sensor Wires, Copper Power Distribution Cables
By Aluminum Core: Aluminum Wire Harnesses, Aluminum Battery Cables, Aluminum Sensor Wires, Aluminum Power Distribution Cables
By Other Product Types: Fiber Optic Cables, Multi-Core Cables, High-Temperature Resistant Cables, Specialty Automotive Cables
This thorough segmentation highlights the diversity within the market, addressing different materials, sales approaches, and applications to meet the evolving needs of the automotive industry.
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