Market Overview:
The global automotive wire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and rising demand for luxury cars. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into copper core, aluminum core, and others. Copper core wires are expected to dominate the global automotive wire market during the forecast period owing to their high electrical conductivity and low resistance levels as compared to other types of wires available in the market. Aluminum core wires are also gaining popularity in recent years due to their lightweight properties that make them ideal for use in electric vehicles. On the basis of application, body wiring harnesses accounted for majority share in 2017 owing to their widespread use in passenger cars across all regions globally.
Product Definition:
automotive wire is a type of electrical wiring used in automobiles. It is typically made of copper, and is either solid or stranded. Automotive wire is used to connect various electrical components in the car, such as the ignition system, headlights, and taillights.
Cooper Core:
Cooper core is a copper-based alloy, which has been used in the manufacturing of electrical wires and cables. It has found its major application in the automotive industry owing to high thermal and electrical conductivity properties. The product also offers resistance to corrosion & oxidation, flexibility under tension, low weight & cost compared to other metals such as aluminum; hence it is extensively used for manufacturing of wiring harnesses that are exposed to heat & pressure.
Aluminum Core:
Aluminum core is a high-performance electrical conductor with low resistivity and excellent fatigue strength. It has a wide range of applications in the automotive wire market including power distribution, chassis ground, battery charging & discharging, and lighting. The aluminum core helps to improve the overall efficiency of electric vehicles by reducing energy losses due to resistance in an electric motor or generator.
The global automotive wire market size was valued at USD 6.5 billion in 2016.
Application Insights:
Body, chassis and engine are the major application areas in the global automotive wire market. In 2017, body accounted for a share of over 60% in terms of revenue. The demand is generally higher from developed regions as compared to developing regions. Factors such as availability of high-tech equipment to detect any defect or abnormality in vehicles¢â‚¬â„¢ electrical system increases the demand for wires during manufacturing process at both domestic and foreign automakers plants.
The chassis segment is expected to witness significant growth over the forecast period owing to increasing production levels of electric vehicles (EVs) globally coupled with growing emphasis on reducing vehicle weight for improving fuel efficiency and overall performance by reducing drag coefficient (DAC).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, with a CAGR of XX% from 2018 to 2030. The growth in this region will be led by China and India on account of their rapidly expanding automotive sector. In 2017, these countries had a total vehicle production of around 3 million units as compared to 5 million units produced in 2016; an increase of 50%. Furthermore, the number is anticipated to reach 7 million by 2020 with major players shifting their manufacturing bases there due to low labor costs and easy availability of raw materials such as aluminum and steel.
The European market was valued at USD X billion in 2017 owing to high demand for electric vehicles coupled with stringent government regulations regarding carbon emissions caused during vehicle transportation. Germany accounted for more than 25% share in Europe's overall vehicle production that year while U.K.
Growth Factors:
- Increasing demand for electric vehicles: The global automotive wire market is expected to grow at a CAGR of 5.5% from 2017 to 2025, owing to the increasing demand for electric vehicles (EVs). This is because EVs require high-quality wires that can handle large currents without overheating.
- Rising demand for luxury cars: The market for luxury cars is growing rapidly, especially in developing countries such as China and India. This is driving the need for better quality wires in automobiles, which will help boost the automotive wire market growth rate during the forecast period.
- Growing popularity of autonomous cars: Autonomous or self-driving cars are becoming increasingly popular due to their potential safety and efficiency benefits over traditional automobiles. As autonomous car technology becomes more widespread, it will drive up the demand for advanced wiring systems in automobiles, thereby propelling the growth of the automotive wire market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Wire Market Research Report
By Type
Cooper Core, Aluminum Core, Others
By Application
Body, Chassis, Engine, HVAC, Speed Sensors, Other
By Companies
Yazaki, Sumitomo Electric, Delphi, LEONI, Lear, Yura, Furukawa Electric, Coficab, PKC Group, Kyungshin, Beijing Force, Fujikura, Coroplast, General Cable, Shanghai Shenglong, Beijing S.P.L
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Wire Market Report Segments:
The global Automotive Wire market is segmented on the basis of:
Types
Cooper Core, Aluminum Core, 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
Body, Chassis, Engine, HVAC, Speed Sensors, Other
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:
- Yazaki
- Sumitomo Electric
- Delphi
- LEONI
- Lear
- Yura
- Furukawa Electric
- Coficab
- PKC Group
- Kyungshin
- Beijing Force
- Fujikura
- Coroplast
- General Cable
- Shanghai Shenglong
- Beijing S.P.L
Highlights of The Automotive Wire 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:
- Cooper Core
- Aluminum Core
- Others
- By Application:
- Body
- Chassis
- Engine
- HVAC
- Speed Sensors
- Other
- 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 Wire 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.
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- Correctly Positioning New Products
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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 wire is a type of electrical wiring used in automobiles and other vehicles. It consists of a number of thin, insulated wires that are bundled together and run throughout the vehicle. Automotive wire is designed to withstand high temperatures and vibrations, which can cause it to fail.
Some of the major players in the automotive wire market are Yazaki, Sumitomo Electric, Delphi, LEONI, Lear, Yura, Furukawa Electric, Coficab, PKC Group, Kyungshin, Beijing Force, Fujikura, Coroplast, General Cable, Shanghai Shenglong, Beijing S.P.L.
The automotive wire market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Wire Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive Wire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive Wire Market - Supply Chain
4.5. Global Automotive Wire Market Forecast
4.5.1. Automotive Wire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive Wire Market Size (000 Units) and Y-o-Y Growth
4.5.3. Automotive Wire Market Absolute $ Opportunity
5. Global Automotive Wire Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Automotive Wire Market Size and Volume Forecast by Type
5.3.1. Cooper Core
5.3.2. Aluminum Core
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Automotive Wire Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Automotive Wire Market Size and Volume Forecast by Application
6.3.1. Body
6.3.2. Chassis
6.3.3. Engine
6.3.4. HVAC
6.3.5. Speed Sensors
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Automotive Wire Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Automotive Wire Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Automotive Wire Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Automotive Wire Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Automotive Wire Demand Share Forecast, 2019-2029
9. North America Automotive Wire Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Automotive Wire Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Automotive Wire Market Size and Volume Forecast by Application
9.4.1. Body
9.4.2. Chassis
9.4.3. Engine
9.4.4. HVAC
9.4.5. Speed Sensors
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Automotive Wire Market Size and Volume Forecast by Type
9.7.1. Cooper Core
9.7.2. Aluminum Core
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Automotive Wire Demand Share Forecast, 2019-2029
10. Latin America Automotive Wire Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Automotive Wire Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Automotive Wire Market Size and Volume Forecast by Application
10.4.1. Body
10.4.2. Chassis
10.4.3. Engine
10.4.4. HVAC
10.4.5. Speed Sensors
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Automotive Wire Market Size and Volume Forecast by Type
10.7.1. Cooper Core
10.7.2. Aluminum Core
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Automotive Wire Demand Share Forecast, 2019-2029
11. Europe Automotive Wire Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Automotive Wire Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Automotive Wire Market Size and Volume Forecast by Application
11.4.1. Body
11.4.2. Chassis
11.4.3. Engine
11.4.4. HVAC
11.4.5. Speed Sensors
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Automotive Wire Market Size and Volume Forecast by Type
11.7.1. Cooper Core
11.7.2. Aluminum Core
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Automotive Wire Demand Share, 2019-2029
12. Asia Pacific Automotive Wire Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Automotive Wire Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Automotive Wire Market Size and Volume Forecast by Application
12.4.1. Body
12.4.2. Chassis
12.4.3. Engine
12.4.4. HVAC
12.4.5. Speed Sensors
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Automotive Wire Market Size and Volume Forecast by Type
12.7.1. Cooper Core
12.7.2. Aluminum Core
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Automotive Wire Demand Share, 2019-2029
13. Middle East & Africa Automotive Wire Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Automotive Wire Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Automotive Wire Market Size and Volume Forecast by Application
13.4.1. Body
13.4.2. Chassis
13.4.3. Engine
13.4.4. HVAC
13.4.5. Speed Sensors
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Automotive Wire Market Size and Volume Forecast by Type
13.7.1. Cooper Core
13.7.2. Aluminum Core
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Automotive Wire Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Automotive Wire Market: Market Share Analysis
14.2. Automotive Wire Distributors and Customers
14.3. Automotive Wire Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Yazaki
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sumitomo Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Delphi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LEONI
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lear
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yura
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Furukawa Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Coficab
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PKC Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kyungshin
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Beijing Force
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Fujikura
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Coroplast
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. General Cable
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shanghai Shenglong
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Beijing S.P.L
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook