Automotive Wire and Cable Materials Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

In automobiles, many types of cables are utilized to deal with vibration, heat, hydrocarbons, and other factors. These wires and cables are made of a variety of materials, with aluminum and copper being two of the most common types of automotive wire materials. Copper is the most commonly used material because it is more conductive, flexible, and less corrosive than aluminum wire. These copper and aluminum wires are then insulated with materials such as polyvinyl chloride (PVC), polypropylene, polyurethane, and others to provide insulation from heat and electricity.

MARKET DYNAMICS

Rising installation of navigation, infotainment, comfort, and safety features, as well as stricter emissions and safety requirements, are boosting demand for effective wiring harness systems in automotive, which is positively impacting the worldwide automotive wire and cable materials market. Some of the underlying factors supporting the growth of the global automotive wire and cable materials market include promising growth in vehicle production, especially in developing economies, fleet on the road, automotive sales, and preference for aftermarket installation of telematics, alternative fuel kits, and infotainment devices.

MARKET SCOPE

The "Global Automotive Wire & Cable Materials Market Analysis to 2031" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the automotive wire & cable materials market with detailed market segmentation based on materials and vehicle type. The global automotive wire & cable materials market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive wire & cable materials market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global automotive wire & cable materials market is segmented into material and vehicle type. By material, the automotive wire & cable materials market is classified into polyvinyl chloride (PVC), polypropylene (PP), polyurethane, polyphenylene ether (PPE), and others. By vehicle type, the automotive wire & cable materials market is classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global automotive wire & cable materials market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The automotive wire & cable materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the automotive wire & cable materials market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the automotive wire & cable materials in these regions.

MARKET PLAYERS

The report covers vital developments in the automotive wire & cable materials as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the automotive wire & cable materials are anticipated to lucrative growth opportunities in the future with the rising demand for automotive wire & cable materials in the global market. Below mentioned is the list of few companies engaged in the automotive wire & cable materials market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive wire & cable materials market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

- ACOME
- Allied Wire & Cable Inc.
- Coficab Tunisie SA
- Coroplast Fritz Muller GmbH & Co. KG
- Delphi Automotive PLC
- Draka Holdings B.V.
- Lear Corporation.
- Leoni AG
- Sumitomo Electric Industries, Ltd.
- Yazaki Corporation.

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Automotive Wire and Cable Materials Report Scope