Market Overview:
The global Vehicle Speedometer Cable market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for vehicles across the globe and rising awareness about vehicle safety. The market is segmented on the basis of type, application, and region. On the basis of type, it is divided into stainless steel material, rubber material, and plastic material segments. Stainless steel cables are expected to dominate the global Vehicle Speedometer Cable market owing to their high durability as compared to other materials used in cables. Rubber-based cables are projected to grow at a higher CAGR during 2018-2030 due its properties such as flexibility and resistance against abrasion which make them suitable for use in harsh environments such as off-road vehicles or construction equipment applications where vibrations are common occurrence .
Product Definition:
A vehicle speedometer cable is a cable that connects the speedometer to the transmission of a motor vehicle. It transmits the rotation of the transmission's output shaft to the speedometer, which then calculates and displays your current speed.
Stainless Steel Material:
Stainless steel material is a type of alloy which consists of iron, chromium, nickel and other metals. It has various beneficial properties such as corrosion resistance, high strength and durability. The major application areas for stainless steel material are food & beverage processing equipment (brewers), automotive components & machinery (automotive), chemical processing equipment and household appliances among others.
Rubber Material:
The global rubber material and it's usage in vehicle speedometer cable market is expected to witness significant growth over the forecast period. The rubber material has a large area of application in various industries such as healthcare, automotive, construction, consumer goods and electrical & electronics. In the automotive industry; it is used for manufacturing cables that are used for connecting devices or components such as headlight control switches or tachometers to an engine block or transmission assembly.
Application Insights:
OEMs and aftermarket segments are bifurcated into two categories based on the application of vehicle speedometer cable. OEMs represent a majority of the share in this industry as they supply original equipment manufacturers (OEMs) with accurate and precise speedometer cables for their vehicles. These cables are mass produced in large quantities as they fulfill the requirement of vehicles¢â‚¬â„¢ transmission system.
The OEM segment is anticipated to dominate the global vehicle speedometer cable market throughout forecast years owing to its ability to offer customized products according to specific requirements, which include length, color, material type etcetera. The aftermarket segment is projected to witness significant growth over the next few years due mainlyto high demand from consumers desiring improved driving experience at reduced cost coupled with flexible business decisions by key players such as Magneti Marelli SPA; HMI Corporation; Bendix King Digital Instruments Co., Ltd.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing vehicle production in countries, such as China and India. Furthermore, rising disposable income of consumers and improved standard of living are likely to contribute toward regional growth. Increasing adoption of four-wheelers in developing economies including China and India is also anticipated to drive demand for speedometer cables from OEMs and aftermarket vendors over the next eight years.
Europe was estimated at USD X million in 2017 owing to high demand from Germany on account of stringent regulations regarding vehicular emissions coupled with road safety concerns have resulted in increased adoption by OEMs as original equipment manufacturers (OEMs). North America accounted for a significant share due to growing emphasis on fuel economy by regulatory agencies like Environmental Protection Agency (EPA) along with consumer preferences has resulted in an increase sales volume premium vehicles across all segments including luxury cars, compact cars, mid size cars & trucks etc.
Growth Factors:
- Increasing demand for vehicles
- Technological advancements in the automotive industry
- Rising disposable income of consumers
- Growing awareness about safety and security features in vehicles
- Proliferation of online retail platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Speedometer Cable Market Research Report
By Type
Stainless Steel Material, Rubber Material, Plastic Material
By Application
OEM, Aftermarket
By Companies
TP Automotive, Tayoma Engineering Industries, Speedy Cables, R.S. International, SILCO CABLES, H.S. Taiwan Cable, COFLE, ABS, Hans Pries, JP Group, Metzger, Febi Bilstein, Freudenberg Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Speedometer Cable Market Report Segments:
The global Vehicle Speedometer Cable market is segmented on the basis of:
Types
Stainless Steel Material, Rubber Material, Plastic Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TP Automotive
- Tayoma Engineering Industries
- Speedy Cables
- R.S. International
- SILCO CABLES
- H.S. Taiwan Cable
- COFLE
- ABS
- Hans Pries
- JP Group
- Metzger
- Febi Bilstein
- Freudenberg Group
Highlights of The Vehicle Speedometer Cable Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel Material
- Rubber Material
- Plastic Material
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vehicle Speedometer Cable Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The vehicle speedometer cable is a cable that runs from the speedometer in your car to the dashboard. It transmits information about your car's current speed to the dashboard.
Some of the key players operating in the vehicle speedometer cable market are TP Automotive, Tayoma Engineering Industries, Speedy Cables, R.S. International, SILCO CABLES, H.S. Taiwan Cable, COFLE, ABS, Hans Pries, JP Group, Metzger, Febi Bilstein, Freudenberg Group.
The vehicle speedometer cable market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle Speedometer Cable Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicle Speedometer Cable Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Speedometer Cable Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicle Speedometer Cable Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicle Speedometer Cable Market Size & Forecast, 2020-2028
4.5.1 Vehicle Speedometer Cable Market Size and Y-o-Y Growth
4.5.2 Vehicle Speedometer Cable Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stainless Steel Material
5.2.2 Rubber Material
5.2.3 Plastic Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Speedometer Cable Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicle Speedometer Cable Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stainless Steel Material
9.6.2 Rubber Material
9.6.3 Plastic Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stainless Steel Material
10.6.2 Rubber Material
10.6.3 Plastic Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stainless Steel Material
11.6.2 Rubber Material
11.6.3 Plastic Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stainless Steel Material
12.6.2 Rubber Material
12.6.3 Plastic Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stainless Steel Material
13.6.2 Rubber Material
13.6.3 Plastic Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicle Speedometer Cable Market: Competitive Dashboard
14.2 Global Vehicle Speedometer Cable Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TP Automotive
14.3.2 Tayoma Engineering Industries
14.3.3 Speedy Cables
14.3.4 R.S. International
14.3.5 SILCO CABLES
14.3.6 H.S. Taiwan Cable
14.3.7 COFLE
14.3.8 ABS
14.3.9 Hans Pries
14.3.10 JP Group
14.3.11 Metzger
14.3.12 Febi Bilstein
14.3.13 Freudenberg Group
