Automotive Wire and Cable Materials Market, by Material Type, by Vehicle Type and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Wires and cables are used virtually in all applications in a vehicle. These wires and cables are manufactured from different types of materials though aluminum and copper two of the most popular types of automotive wire materials. Furthermore, wires and cables are manufactured with different colors, in order to organize and repair them.

Market Dynamics

Increasing automotive sales in leading Asia pacific countries such as India and China are expected to boost the global automotive wire and cable materials market growth over the forecast period. According to statistics published by International organization of Motor Vehicle Manufacturer's (OICA), the automotive sales observed a rise of 9.49% in India and 3.9% in China in 2021, compared to the sales figures in 2017. Furthermore, India and China are expected to be the major contributors in the near future. This is owing to rapid urbanization and changing lifestyles in the region. Thus, high growth of global automotive market is expected to boost the global automotive wire and cable materials market over the forecast period.

Furthermore, rising demand for electric and hybrid vehicles are expected to drive growth of the global automotive wire and cable materials market during the forecast period. According to the Electric Vehicle World Sales Database, the plug-in vehicle deliveries globally reached 2.1 million units in 2021, which was 64 % higher than in 2017. These include all battery electric vehicle (BEV) passenger car sales and plug-in hybrid electric vehicle, light commercial electric vehicles in China and Europe, and light trucks in the U.S./Canada. Furthermore, at the end of 2021, the total number of plug-in vehicles sold globally was 5.4 million light vehicles and 600,000 units of medium and heavy commercial vehicles. This rapid growth in the number of electric vehicles will result a high demand for automotive wire and cable materials market over the forecast period.

However, increasing adoption of novel technologies such as Ethernet is expected to decrease the use of wires and cables and thereby hamper the market growth in the near future.

Market Taxonomy

This report segments the global automotive wire and cable materials market on the basis of material type, and vehicle type. On the basis of material type, the global automotive wire and cable materials market is segmented into Polyvinyl Chloride (PVC), Polypropylene (PP), Cross-linked Polyethylene (XLPE), Thermoplastic Polyurethane (TPU), Polyphenylene Ether (PPE), Others (Fluoropolymers, Polyurethane, Neoprene, Ethylene Propylene Rubber, and Co-polyester Elastomer), On the basis of vehicle type, the market is segmented into Passenger vehicles is further sub-segmented into (Compact Cars, Sub-compact Cars, Mid-size Cars, Sedan, Luxury Cars, and Vans)), LCV, and HCV.

Key features of the study:

• This report provides an in-depth analysis of the global automotive wire and cable materials market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global automotive wire and cable materials market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study 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., and Yazaki Corporation.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• The global automotive wire and cable materials market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Automotive Wire and Cable Materials market

Detailed Segmentation:

• Global Automotive Wire and Cable Materials Market, By Material Type:
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Cross-linked Polyethylene (XLPE)
  • Thermoplastic Polyurethane (TPU)
  • Polyphenylene Ether (PPE)
  • Others (Fluoropolymers, Polyurethane, Neoprene, Ethylene Propylene Rubber, and Co-polyester Elastomer)
• Global Automotive Wire and Cable Materials Market, By Vehicle Type:
  • Passenger Vehicles
    • Compact Cars
    • Sub-compact Cars
    • Mid-size Cars
    • Sedan
    • Luxury Cars
    • Vans
  • LCV
  • HCV
• Company Profiles
  • ACOME*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • 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