20-Feb-2020 | Facts and Factors
Facts and Factors have authored “Automotive Wire Market By Type (Copper Core, Aluminum Core, and Others) and By Application (Body, Chassis and Safety, Engine, HVAC, and Sensors): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”. Based on our analysis, the global automotive wire market in 2019 is approximately USD 23,339 Million and is anticipated to reach around USD 33,562 Million by 2026. The anticipated CAGR for the Automotive Wire market is around 5.3% from 2020 to 2026.
Automotive wire is a vehicle's interconnecting wiring for the electrical power and signal transmission in the electrical system. They are designed to withstand grease, acids, oil, water, mold, and solvents. These are also used in electric circuits and are designed to operate effectively under intense heating conditions. These types of wires are used in various automobiles such as a boat, motorcycles, cars, and many other light & heavy vehicles.
Browse the full “Automotive Wire Market By Type (Copper Core, Aluminum Core, and Others) and By Application (Body, Chassis and Safety, Engine, HVAC, and Sensors): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026" report at https://www.fnfresearch.com/automotive-wire-market-by-type-copper-core-aluminum
The global automotive wire market is categorized into type and application. On the basis of type, the market has been segmented based on aluminum and copper. Further application segment is divided into body, chassis, sensors and heating, ventilation, and air conditioning (HVAC) system. All these are vehicle components. Chassis is the base of a vehicle on which full vehicle is assembled. Thereby, chassis require a lot number of wires to connect the systems and components. As a result, the chassis segment holds the largest market share. Moreover, automotive wiring is undergoing development. The technological content of cars has grown exponentially, resulting in more than 150 pounds of cabling in a single vehicle. This is another key factor that is supporting the growth of the automotive wire market.
The growing trend for electric and autonomous vehicles is fueling the demand for the automotive wire market globally. The design for electrification of vehicles requires numerous wires and thereby the automotive manufactures will have a high demand for such advanced automotive wires. Thereby, it has been indicated certain factors will be influencing the global market in upcoming years. In addition, the government initiative in terms of pollution, zero-emission vehicles will be launched. As a result, automotive wire market players have high opportunities to earn revenue in future ahead. The materials used for the construction of these wire are copper and aluminum amongst others. Mostly, copper material is used due to its high electrical conductivity, high tensile strength, and high ductility. However, the concerns regarding fluctuation in copper prices are hindering the growth of the global automotive wire market.
The global automotive wire market has majorly considered the following regions namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and the Asia Pacific are the two most prominent regional markets. The Asia Pacific is anticipated to maintain its position in forthcoming years as there is an increase in the production of autonomous vehicles. The demand for passenger cars, light and heavy vehicles are raising the requirements of electric cabling. Thus, the countries in this region are boosting growth in this region's automotive wiring industry. Additionally, China is expected to witness the highest growth during the forecast period in the Asia Pacific owing to its largest share in automotive production. These regions are further analyzed into the major countries from the regions respectively. Major countries analyzed in this research report are the United States., Mexico, UK, Canada, France, China, Japan, South Korea, India, Germany, Brazil, and Argentina among others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 23,339 Million |
Projected Market Size in 2026 |
USD 33,562 Million |
CAGR Growth Rate |
5.3% CAGR |
Base Year |
2020 |
Forecast Years |
2020-2026 |
Key Market Players |
Yazaki Corporation, Sumitomo Electric Industries, Leoni AG, Lear Corporation, Yura Corporation, Furukawa Electric, COFICAB, PKC Group, Fujikura, Coroplast Inc., General Cable, Beijing S.P.L Wire & Cable Co, Ltd, and Kyungshin Corp among others. |
Key Segment |
By Type, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the major players analyzed and profiled in the market study are Yazaki Corporation, Sumitomo Electric Industries, Leoni AG, Lear Corporation, Yura Corporation, Furukawa Electric, COFICAB, PKC Group, Fujikura, Coroplast Inc., General Cable, Beijing S.P.L Wire & Cable Co, Ltd, and Kyungshin Corp among others.
This report segments the Automotive Wire Market as follows:
Global Automotive Wire Market: By Type Segmentation Analysis
- Copper Core
- Aluminum Core
- Others
Global Automotive Wire Market: By Application Segmentation Analysis
- Body
- Chassis and Safety
- Engine
- HVAC
- Sensors
Global Automotive Wire Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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