Market Overview:
The global light vehicle control cables market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 5.1% over the forecast period (2018–2030), according to a new study by Transparency Market Research (TMR). The growth of the global light vehicle control cables market can be attributed to the increasing demand for electric vehicles across the globe. In addition, rising awareness about safety and security among consumers is also expected to fuel the demand for light vehicle control cables during the forecast period. The global light vehicle control cables market has been segmented on the basis of type, application and region. On the basis of type, single core cable accounted for a major share in 2017 and is anticipated to maintain its dominance throughout 2030 owing to its low installation cost as compared with multi-core cable.
Product Definition:
Light Vehicle Control Cables are used to connect the steering wheel to the steering gearbox. They are important as they allow the driver to control the direction of the vehicle.
Single Core Cable:
Single core cable is a data transmission cable with one wire in it. It is used for the control and monitoring of various systems such as powertrain, body electronics, safety & security and infotainment among others. The increasing demand for connectivity in light vehicles has led to an increase in the use of single core cables.
The growing need for fuel efficient cars/ trucks that have advanced driver assistance technologies (ADAT) are expected to drive market growth over the forecast period.
Multi Core Cable:
Multi core cable is a set of electrical cables that are used to connect the lighting control devices such as headlamp, taillight, and brakelight in vehicles. The product has several benefits over the traditional cables such as resistance to high temperatures and ability to operate under heavy load without affecting vehicle performance.
Application Insights:
OEMs control cables were the largest application segment in 2017 and are expected to continue their dominance over the forecast period. The OEMs use these cables as they offer high performance, reliability and safety at a lower price. These cables are developed specifically for vehicles according to specific requirements of each vehicle manufacturer. Control cable is an essential component in every vehicle that controls various functions such as lighting, heating & cooling systems, power windows and door locks among others.
The aftermarket segment is also anticipated to witness significant growth over the forecast period owing to growing demand for replacement parts or additional accessories from vehicles after they have been sold off by owners from their original dealerships or private sellers on online marketplaces like Amazon etcetera.com ¢â‚¬ËœeBay¢â‚¬â„¢s Auto Parts Store etcetera).
Regional Analysis:
Asia Pacific dominated the global light vehicle control cables market in 2017. The region is expected to continue its dominance over the next eight years owing to increasing sales of vehicles and investments by OEMs in developing countries such as China, India, and Japan. Moreover, rising demand for advanced safety systems such as lane departure warning system (LDWS) and automatic emergency braking (AEB) will drive the regional market further. Europe is also estimated to witness significant growth over the forecast period due to stringent government regulations regarding fuel emissions coupled with growing emphasis on reducing road accidents in European countries. North America accounted for a considerable share of revenue generated by virtue of high demand from U.S.
The Middle East & Africa are anticipated to grow at a lucrative rate during the forecast period owing to increasing disposable income especially among middle-class population groups that can afford premium cars with better safety features than their counterparts across major markets including Asia Pacific and North America).
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in passenger cars is expected to drive the demand for light vehicle control cables.
- Growing automotive production in developing countries: The increasing production of automobiles in developing countries is projected to boost the demand for light vehicle control cables over the next few years.
- Rising popularity of electric and hybrid vehicles: Electric and hybrid vehicles are gaining popularity due to their fuel efficiency and low emissions, which is likely to propel the growth of the light vehicle control cables market during the forecast period.
- Proliferation of advanced driver assistance systems (ADAS): ADAS features such as lane departure warning, blind spot detection, forward collision warning, etc., are becoming increasingly popular in modern passenger cars owing to their safety benefits. This is anticipated to create opportunities for growth in the light vehicle control cables market during the forecast period. 5) Technological advancements: Ongoing technological advancements are resulting in innovative products with enhanced performance characteristics, which is likely to spur demand for light vehicle control cables overthe next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle Control Cables Market Research Report
By Type
Single Core Cable, Multi Core Cable
By Application
OEMs, Aftermarket
By Companies
Acey Engineering, Premier Auto Cables, Kalpa Industries, Cable Manufacturing & Assembly, CHAMPION CABLES, DURA Automotive Systems, Metalcaucho, Miracle Cables, Metex 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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle Control Cables Market Report Segments:
The global Light Vehicle Control Cables market is segmented on the basis of:
Types
Single Core Cable, Multi Core Cable
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
OEMs, 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:
- Acey Engineering
- Premier Auto Cables
- Kalpa Industries
- Cable Manufacturing & Assembly
- CHAMPION CABLES
- DURA Automotive Systems
- Metalcaucho
- Miracle Cables
- Metex Group
Highlights of The Light Vehicle Control 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:
- Single Core Cable
- Multi Core Cable
- By Application:
- OEMs
- 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 Light Vehicle Control 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
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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?
Light Vehicle Control Cables are a type of cable used to control the movement of vehicles. They are typically made from steel or aluminum and can be either flexible or rigid.
Some of the major companies in the light vehicle control cables market are Acey Engineering, Premier Auto Cables, Kalpa Industries, Cable Manufacturing & Assembly, CHAMPION CABLES, DURA Automotive Systems, Metalcaucho, Miracle Cables, Metex Group.
The light vehicle control cables market is expected to register a CAGR of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Vehicle Control 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 Light Vehicle Control Cables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Vehicle Control 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 Light Vehicle Control 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 Light Vehicle Control Cables Market Size & Forecast, 2018-2028
4.5.1 Light Vehicle Control Cables Market Size and Y-o-Y Growth
4.5.2 Light Vehicle Control Cables Market Absolute $ Opportunity
Chapter 5 Global Light Vehicle Control Cables 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 Light Vehicle Control Cables Market Size Forecast by Type
5.2.1 Single Core Cable
5.2.2 Multi Core Cable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Light Vehicle Control Cables 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 Light Vehicle Control Cables Market Size Forecast by Applications
6.2.1 OEMs
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Vehicle Control 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 Light Vehicle Control 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 Light Vehicle Control Cables Analysis and Forecast
9.1 Introduction
9.2 North America Light Vehicle Control Cables 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 Light Vehicle Control Cables Market Size Forecast by Type
9.6.1 Single Core Cable
9.6.2 Multi Core Cable
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 Light Vehicle Control Cables Market Size Forecast by Applications
9.10.1 OEMs
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 Light Vehicle Control Cables Analysis and Forecast
10.1 Introduction
10.2 Europe Light Vehicle Control Cables 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 Light Vehicle Control Cables Market Size Forecast by Type
10.6.1 Single Core Cable
10.6.2 Multi Core Cable
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 Light Vehicle Control Cables Market Size Forecast by Applications
10.10.1 OEMs
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 Light Vehicle Control Cables Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light Vehicle Control Cables 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 Light Vehicle Control Cables Market Size Forecast by Type
11.6.1 Single Core Cable
11.6.2 Multi Core Cable
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 Light Vehicle Control Cables Market Size Forecast by Applications
11.10.1 OEMs
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 Light Vehicle Control Cables Analysis and Forecast
12.1 Introduction
12.2 Latin America Light Vehicle Control Cables 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 Light Vehicle Control Cables Market Size Forecast by Type
12.6.1 Single Core Cable
12.6.2 Multi Core Cable
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 Light Vehicle Control Cables Market Size Forecast by Applications
12.10.1 OEMs
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) Light Vehicle Control Cables Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light Vehicle Control Cables 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) Light Vehicle Control Cables Market Size Forecast by Type
13.6.1 Single Core Cable
13.6.2 Multi Core Cable
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) Light Vehicle Control Cables Market Size Forecast by Applications
13.10.1 OEMs
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 Light Vehicle Control Cables Market: Competitive Dashboard
14.2 Global Light Vehicle Control Cables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acey Engineering
14.3.2 Premier Auto Cables
14.3.3 Kalpa Industries
14.3.4 Cable Manufacturing & Assembly
14.3.5 CHAMPION CABLES
14.3.6 DURA Automotive Systems
14.3.7 Metalcaucho
14.3.8 Miracle Cables
14.3.9 Metex Group
