Market Overview:
The global automotive copper busbar market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric vehicles (EVs) and electric golf carts across the globe. Additionally, rising awareness about the benefits of using copper busbars in EVs is also contributing to the growth of this market. The global automotive copper busbar market can be segmented on the basis of type into flat strips and solid bars. The flat strips segment is expected to account for a larger share of the global automotive copper busbar market than solid bars during the forecast period. This can be attributed to their low manufacturing cost as compared with solid bars and their wide acceptance among OEMs for use in EVs and electric golf carts. On the basis of application,the global automotive copper busbarmarket can be divided intoelectric cars,electric golf carts,and others (including buses, trucks, military vehicles etc.).
Product Definition:
A busbar (commonly but incorrectly spelled "bussbar") is a metallic strip or bar, typically made of copper or aluminum, used to conduct electricity. It is used to connect several electrical components in an automobile such as batteries, alternators and starters.
Flat Strips:
Flat strips are copper busbar which is used in automotive battery cables. It has a wide range of applications in the automobile industry and it's widely used for supplying electricity from battery to various parts of the vehicle. The growth factor for this market is mainly attributed to increasing demand from end-use industries such as transportation, construction, energy & power and consumer electronics among others.
Solid Bars:
Solid bars are made up of pure copper and have high electrical conductivity. They are used in automotive copper busbar market for providing power to the vehicle battery. The growth of this industry is attributed to the increasing demand for electric vehicles across the globe.
The solid bars industry has been witnessing significant changes over a period of time owing to technological advancements, which has led to an increase in their production capacity and efficiency along with cost-effectiveness.
Application Insights:
The electric car segment dominated the global automotive copper busbar market in terms of revenue share in 2017. The increasing demand for electric vehicles across various regions is expected to drive the demand for electronic components, which will subsequently boost the product demand over the forecast period.
Electric golf cart segment is anticipated to grow at a significant rate over the forecast period owing to its increasing use as power source and lighting in golf courses and sports grounds. In addition, it is used as a power source for winches on construction sites, agricultural fields and mining sites among others. These factors are projected to increase product penetration across various end-use segments during future years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of the total demand in 2017 owing to increasing electric car production and sales across key countries such as China, India, Japan, South Korea, Thailand and Taiwan. Moreover, favorable government policies promoting investments through subsidies are also expected to drive regional growth over the coming years.
Europe was estimated at USD X million in 2017 on account of rising electric car production coupled with stringent regulations regarding carbon emission from gaseous emissions resulting into high demand for low-emission vehicles across major countries including Germany, France Italy Spain Russia U.K., Hungary & Poland among others (European Union). In addition North America is projected to witness steady growth due to growing adoption of advanced safety technologies such as autonomous driving systems which will further boost product demand over the forecast period.
Growth Factors:
- Increasing demand for electric vehicles: The global automotive copper busbar market is expected to grow at a CAGR of 5.5% from 2017 to 2025, owing to the increasing demand for electric vehicles. Electric vehicles are powered by a battery or fuel cells, which use copper as an essential component in their construction. This is expected to drive the growth of the automotive copper busbar market during the forecast period.
- Rising demand for luxury cars: The global automotive copper busbar market is also driven by the rising demand for luxury cars. These cars require high-quality and durable components, which can be met by using copper as a conductor material in buses and other electrical systems within the car bodywork and chassis assembly area. This is anticipated to boost growth of the global automotive copper busbar market during forecast period 2017-2025
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Copper Busbar Market Research Report
By Type
Flat Strips, Solid Bars
By Application
Electric Car, Electric Golf Cart, Others
By Companies
Shenzhen Everwin Technology, Zhejiang RHI Electric, APCSI, Storm Power Components, ELEKTRO NORDIC OU, Oriental Copper, Gindre, Schneider Electric, Southwire Company LLC, Luvata, Shenzhen Everwin Technology, Metal Gems, EMS Industrial & Service Company
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Copper Busbar Market Report Segments:
The global Automotive Copper Busbar market is segmented on the basis of:
Types
Flat Strips, Solid Bars
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
Electric Car, Electric Golf Cart, 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:
- Shenzhen Everwin Technology
- Zhejiang RHI Electric
- APCSI
- Storm Power Components
- ELEKTRO NORDIC OU
- Oriental Copper
- Gindre
- Schneider Electric
- Southwire Company LLC
- Luvata
- Shenzhen Everwin Technology
- Metal Gems
- EMS Industrial & Service Company
Highlights of The Automotive Copper Busbar 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:
- Flat Strips
- Solid Bars
- By Application:
- Electric Car
- Electric Golf Cart
- 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 Copper Busbar 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
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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 copper busbar is a type of electrical connector that is used in automobiles and other vehicles. It is made from a thick sheet of copper that has been bent into a U-shape. The two ends of the U are then connected by soldering or crimping, which makes it an ideal connector for electrical systems in cars.
Some of the key players operating in the automotive copper busbar market are Shenzhen Everwin Technology, Zhejiang RHI Electric, APCSI, Storm Power Components, ELEKTRO NORDIC OU, Oriental Copper, Gindre, Schneider Electric, Southwire Company LLC, Luvata, Shenzhen Everwin Technology, Metal Gems, EMS Industrial & Service Company.
The automotive copper busbar market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Copper Busbar 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 Copper Busbar Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Copper Busbar 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 Copper Busbar 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 Copper Busbar Market Size & Forecast, 2018-2028
4.5.1 Automotive Copper Busbar Market Size and Y-o-Y Growth
4.5.2 Automotive Copper Busbar Market Absolute $ Opportunity
Chapter 5 Global Automotive Copper Busbar 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 Automotive Copper Busbar Market Size Forecast by Type
5.2.1 Flat Strips
5.2.2 Solid Bars
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Copper Busbar 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 Automotive Copper Busbar Market Size Forecast by Applications
6.2.1 Electric Car
6.2.2 Electric Golf Cart
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Copper Busbar 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 Copper Busbar 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 Automotive Copper Busbar Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Copper Busbar 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 Automotive Copper Busbar Market Size Forecast by Type
9.6.1 Flat Strips
9.6.2 Solid Bars
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 Automotive Copper Busbar Market Size Forecast by Applications
9.10.1 Electric Car
9.10.2 Electric Golf Cart
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 Automotive Copper Busbar Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Copper Busbar 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 Automotive Copper Busbar Market Size Forecast by Type
10.6.1 Flat Strips
10.6.2 Solid Bars
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 Automotive Copper Busbar Market Size Forecast by Applications
10.10.1 Electric Car
10.10.2 Electric Golf Cart
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 Automotive Copper Busbar Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Copper Busbar 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 Automotive Copper Busbar Market Size Forecast by Type
11.6.1 Flat Strips
11.6.2 Solid Bars
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 Automotive Copper Busbar Market Size Forecast by Applications
11.10.1 Electric Car
11.10.2 Electric Golf Cart
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 Automotive Copper Busbar Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Copper Busbar 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 Automotive Copper Busbar Market Size Forecast by Type
12.6.1 Flat Strips
12.6.2 Solid Bars
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 Automotive Copper Busbar Market Size Forecast by Applications
12.10.1 Electric Car
12.10.2 Electric Golf Cart
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) Automotive Copper Busbar Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Copper Busbar 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) Automotive Copper Busbar Market Size Forecast by Type
13.6.1 Flat Strips
13.6.2 Solid Bars
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) Automotive Copper Busbar Market Size Forecast by Applications
13.10.1 Electric Car
13.10.2 Electric Golf Cart
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 Copper Busbar Market: Competitive Dashboard
14.2 Global Automotive Copper Busbar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shenzhen Everwin Technology
14.3.2 Zhejiang RHI Electric
14.3.3 APCSI
14.3.4 Storm Power Components
14.3.5 ELEKTRO NORDIC OU
14.3.6 Oriental Copper
14.3.7 Gindre
14.3.8 Schneider Electric
14.3.9 Southwire Company LLC
14.3.10 Luvata
14.3.11 Shenzhen Everwin Technology
14.3.12 Metal Gems
14.3.13 EMS Industrial & Service Company
