Market Overview:
The global automotive power cables market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for electric vehicles and rising adoption of advanced technologies in automobiles. On the basis of type, copper cables are expected to account for a major share of the global automotive power cables market during the forecast period. This can be attributed to their high conductivity and durability as compared with other types of cable materials such as aluminum and others. On the basis of application, passenger vehicles are anticipated to hold a dominant position in terms of revenue contribution throughout the forecast period owing to increase in sales across developed countries such as U.S.
Product Definition:
An automotive power cable is a type of electrical cable that is used to supply electrical power to a vehicle. It typically consists of two or more insulated copper conductors, and it is usually covered by an insulating jacket. Automotive power cables are used to provide power to the vehicle's electrical system, and they are also used to connect the battery to the starter motor.
Copper:
Copper is a soft, malleable metal that is strong enough to be used in wire but weak at the same time. It has the highest electrical and thermal conductivity of any metal making it very useful for power cables. The growth factor in copper usage will be driven by its use as an alloying agent with other metals such as tin & silver for cable sheathing, because of its high thermal & electrical conductivity properties along with low cost compared to silver.
Aluminum:
Aluminum is a lightweight, strong, and flexible metal. It offers high strength and corrosion resistance at a lower weight compared to its counterparts such as steel or titanium. Aluminum has the highest specific strength of any metal; it is four times stronger than steel but only two times heavier. Due to its light weight, it reduces the overall vehicle's mass which in turn improves fuel efficiency and power output of vehicles that use it for their power cables.
Application Insights:
The passenger vehicle segment accounted for the largest revenue share of over 50% in 2017. The demand for power cables is expected to increase with the growing number of passenger vehicles on roads. The increasing sales volume of luxury cars has led to an increased need for high-quality and durable power cords, which is likely to propel market growth over the forecast period.
Light commercial vehicle (LCV) application segment was valued at USD 544.1 million in 2017 owing to its rising demand from countries such as India, China and Australia among others where LCVs are majorly used due to their low weight compared with trucks & buses that they are derived from.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The region accounted for a share of more than 45% in 2017 owing to increasing production and sales of automobiles in China, India, Japan, South Korea, Thailand and Taiwan. In addition, rising per capita income levels are anticipated to fuel automobile demand over the coming years.
Europe was estimated as the second-largest market for automotive power cables in 2017 on account of high demand from key countries including Germany (automobile), France (automobile), Italy (automobile) and U.K.
Growth Factors:
- Increasing demand for electric vehicles: The automotive power cables market is expected to benefit from the increasing demand for electric vehicles. This is because electric vehicles require high-quality and reliable power cables to function properly.
- Rising investments in the automotive sector: Automotive manufacturers are investing heavily in research and development to develop new and innovative products. This is likely to result in increased demand for automotive power cables in the coming years.
- Growing popularity of hybrid cars: Hybrid cars use a combination of gasoline and electricity as fuel, which requires high-quality power cables. As a result, the market for automotive power cables is expected to grow at a rapid pace in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Power Cables Market Research Report
By Type
Copper, Aluminum, Others
By Application
Passenger Vehicle, Light Commercial Vehicle, Others
By Companies
LEONI, Coficab, Sumitomo Electric, Nexans, General Cable, NKT, Prysmian Group, Southwire Company, Belden, Eaton, LS Cable & Systems, Hengtong Group, Encore Wire, TPC Wire & Cable, Finolex, KEI Industries, AVIC Jonhon Optronic, Luxshare Precision, Yonggui Electric Equipment
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Power Cables Market Report Segments:
The global Automotive Power Cables market is segmented on the basis of:
Types
Copper, Aluminum, Others
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
Passenger Vehicle, Light Commercial Vehicle, Others
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:
- LEONI
- Coficab
- Sumitomo Electric
- Nexans
- General Cable
- NKT
- Prysmian Group
- Southwire Company
- Belden
- Eaton
- LS Cable & Systems
- Hengtong Group
- Encore Wire
- TPC Wire & Cable
- Finolex
- KEI Industries
- AVIC Jonhon Optronic
- Luxshare Precision
- Yonggui Electric Equipment
Highlights of The Automotive Power Cables 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:
- Copper
- Aluminum
- Others
- By Application:
- Passenger Vehicle
- Light Commercial Vehicle
- Others
- 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 Automotive Power Cables 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?
Automotive power cables are used to provide electrical power to an automobile. The cables typically have a connector at one end and a plug on the other end, which is inserted into the car's electrical system.
Some of the major companies in the automotive power cables market are LEONI, Coficab, Sumitomo Electric, Nexans, General Cable, NKT, Prysmian Group, Southwire Company, Belden, Eaton, LS Cable & Systems, Hengtong Group, Encore Wire, TPC Wire & Cable, Finolex, KEI Industries, AVIC Jonhon Optronic, Luxshare Precision, Yonggui Electric Equipment.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Power Cables 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 Automotive Power Cables Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Power Cables 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 Automotive Power Cables 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 Automotive Power Cables Market Size & Forecast, 2020-2028 4.5.1 Automotive Power Cables Market Size and Y-o-Y Growth 4.5.2 Automotive Power Cables 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 Copper
5.2.2 Aluminum
5.2.3 Others
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 Passenger Vehicle
6.2.2 Light Commercial Vehicle
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Power Cables 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 Automotive Power Cables 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 Copper
9.6.2 Aluminum
9.6.3 Others
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 Passenger Vehicle
9.10.2 Light Commercial Vehicle
9.10.3 Others
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 Copper
10.6.2 Aluminum
10.6.3 Others
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 Passenger Vehicle
10.10.2 Light Commercial Vehicle
10.10.3 Others
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 Copper
11.6.2 Aluminum
11.6.3 Others
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 Passenger Vehicle
11.10.2 Light Commercial Vehicle
11.10.3 Others
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 Copper
12.6.2 Aluminum
12.6.3 Others
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 Passenger Vehicle
12.10.2 Light Commercial Vehicle
12.10.3 Others
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 Copper
13.6.2 Aluminum
13.6.3 Others
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 Passenger Vehicle
13.10.2 Light Commercial Vehicle
13.10.3 Others
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 Automotive Power Cables Market: Competitive Dashboard
14.2 Global Automotive Power Cables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LEONI
14.3.2 Coficab
14.3.3 Sumitomo Electric
14.3.4 Nexans
14.3.5 General Cable
14.3.6 NKT
14.3.7 Prysmian Group
14.3.8 Southwire Company
14.3.9 Belden
14.3.10 Eaton
14.3.11 LS Cable & Systems
14.3.12 Hengtong Group
14.3.13 Encore Wire
14.3.14 TPC Wire & Cable
14.3.15 Finolex
14.3.16 KEI Industries
14.3.17 AVIC Jonhon Optronic
14.3.18 Luxshare Precision
14.3.19 Yonggui Electric Equipment