Skip to main content

Automotive Control Cable Market Share and Growth Factors Impact Analysis 2029

 Automotive Control Cable Market growing at a CAGR of 4.6% over the forecast period 2022-2029

A new market research study by Future Market Insights on the automotive control cable market contains global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the automotive control cable market and provides critical insights for the forecast period of 2022-2029. As per the findings of the report, the ~US$ 2.1 Bn market for automotive control cable will witness a moderate 4% annual rise in the revenues, by 2022 end.

New vehicle model launches, and the spectacular rise in vehicle parc, have been the leading market growth influencers. While gains are majorly driven by the increasing demand for automotive vehicles, government mandates regarding anti-lock braking systems for passenger and commercial vehicles, are identified to remain the key growth determinants for market. This scenario will particularly prevail in developing countries, such as India, China, and Brazil, among others, according to FMI’s analysis.

The onset of rapid mainstreaming of electric vehicles is rendering a new dimension to the automotive control cable landscape. FMI offers exclusive insights on this, in addition to how companies actively operating in the automotive control cable landscape are focusing on competitive strengths and improved technology, towards the transformation of the auto ancillary industry, since it is a low-volume and highly fragmented sector. 

A Stream of Opportunities in South Asia’s Market

Regions such as South Asia and East Asia are projected to generate substantial growth opportunities in the forecast period owing to the rise in the number of vehicle consumers, increasing urban population, sales of automobile, and vehicle parc in these regions. China is one of the prime countries in East Asia, which has a prominent share in the market due to the presence of several automotive control cable manufacturers in the country. The China market is likely to boost the growth of the East Asia automotive control cable market. India and ASEAN countries in South Asia and Pacific are projected to boost the automotive control cable market owing to the rise in disposable income of major population and prominent factors such as urbanization.

The North America market is likely to be one of the prominent markets in the global automotive control cable market due to the increasing vehicle production in the region and demand for automotive control cables by automobile customers enhancing safety features of the vehicle. Moreover, regions such as Latin America and MEA are also expected to witness a healthy CAGR during the forecast period. The report also includes all the major countries in every region. All relevant macroeconomic and forecast factors are considered while studying the automotive control cable market size.

By vehicle type, the compact vehicle type of automotive control cable segment is expected to hold prominent value shares of the global automotive control cable market. This has majorly resulted from the increasing production of compact vehicles and its features such as lower price point, less parking space requirement, etc. On the basis of sales channel, the OEM segment is expected to hold a majority share of the global automotive control cable market value due to more reliability and durable life cycle of automotive control cables.

Automotive Control Cable Market by Category

By Product Type:

  • Door Cable
  • Hood Cable
  • Transmission Cable
  • Trunk Cable
  • Brake Cable
  • Clutch Cable
  • Throttle Cable
  • Fuel Cap Cable

By Coating Material:

  • PCV cables
  • Polyethylene

By Vehicle Type:

  • Compact
  • Mid-size
  • Luxury
  • SUV
  • LCV
  • HCV

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Automotive Control Cable Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global automotive control cable market. Few examples of key players in the market are Thai Steel Cable Public Co., Ltd, Minda Corporation Limited, Kongsberg Automotive ASA., Suprajit Engineering Ltd, Ficosa Internacional SA, and Dura Automotive Systems, among others.

The global automotive control cable market is significantly consolidated with some players holding prominent shares of the market. These players have strategic partnerships with car manufactures. For instance, Suprajit Engineering Ltd. collaborated with several car manufactures such as Tata Motors, General Motors (India), BMW, Volkswagen, and Ford India Limited, Suzuki, among others, to provide automotive control cables.

For More Info@ https://www.futuremarketinsights.com/reports/automotive-control-cable-market

Comments

Post a Comment

Popular posts from this blog

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geogr...
Post a Comment
Read more

Multilayer Ceramic Capacitor (MLCC) Market is Set to Experience Revolutionary Growth by 2032

 The Multilayer Ceramic Capacitor (MLCC) market has experienced remarkable growth over the past few years, driven by the increasing demand for electronic components in various industries. MLCCs are essential passive electronic components used extensively in electronic devices and equipment for their ability to store and discharge electrical energy quickly and efficiently. The market's growth is largely attributed to the rapid advancements in consumer electronics, automotive electronics, telecommunications, and industrial applications. The ever-expanding adoption of smartphones, tablets, wearable devices, and IoT technologies has created a surge in the demand for MLCCs, as they are essential for miniaturizing and enhancing the performance of these devices. Furthermore, the trend towards electric vehicles (EVs) and the growing adoption of advanced driver-assistance systems (ADAS) in automotive applications have significantly fueled the demand for MLCCs. These capacitor...
Post a Comment
Read more

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov...
Post a Comment
Read more