Automotive Control Cable Market: ‘EVs’ The Next Leg of Growth

Stronger Portfolios to Remain the Focal Point of Automotive Control Cable Manufacturers

  • 2019-07-22
  • REP-GB-1696
  • 46 Tables
  • 193 Figures
  • 275 pages
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 Automotive Control Cable Market
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Automotive Control Cable: Criticality to Meet End User Specifications

As the automotive industry heads toward a future wherein functionality holds the key to growth, new beginnings can be anticipated for various types of automotive control cable. Automotive control cable finds a wide range of applications in components responsible for controlling functions in automobiles, such as doors, brakes, gears, clutch, and others. Though control cable remains an imperative across multiple industries, including robotics, construction, power & distribution, and others, a majority of its demand will continue to be from the automotive industry. However, chances of wear & tear along with limited life span remain two of the key drawbacks creating challenges for the manufacturers to reap significant profits.

As these cables remain the backbone of effective automobile performances, manufacturers active in the automotive control cable landscape are expecting profitable opportunities, through the next decade. Market players need to withdraw from the traditional manufacturing of automotive control cables, and switch to innovations instead, to be in sync with the latest end user specifications. Consistent innovations will remain the key to strong market position of brands in the global industry space.

Automotive Control Cable Market - Key Research Findings

automotive control cable market snapshot
  1. The global automotive control cable market size in 2018 was valued at US$ 2.1 Bn. 
  2. The automotive control cable market is anticipated to grow at a CAGR of ~5% during the forecast period of 2019-2029. 
  3. The door cable segment is expected to remain as the most preferred product type segment in the automotive control cable market.
    • The growth of this particular segment can be primarily attributed to the global growth of the automotive control cable market. 
  4. Collectively, East Asia and Europe are likely to account for more than half of the revenue shares in the automotive control cable industry by the end of 2029.
    • The East Asia market will continue to be a prominent regional market for automotive control cable manufacturers due to the increasing production and demand for passenger cars. 
  5. The compact car segment is likely to continue as the prominent vehicle type, which creates significant growth opportunities for automotive control cable market players.
    • The automotive industry has witnessed significant growth over the recent past. The increasing disposable income of the middle class population increases the demand for passenger cars, which in turn, is expected to propel the demand for control cables.
    • Noteworthy application potential of automotive control cable has been identified to enhance safety features of the vehicle.

Key Factors Shaping the Automotive Control Cable Market

automotive control cable market
  • Introduction of New Automotive Control Cables for Different Models of the Car

    Fast growing economies such as China, India, Brazil, Mexico, Indonesia, Turkey, and GCC countries have witnessed the launch of the new model of the automotive vehicle. OEM car manufactures are launching a variety of car models to satisfy its substantial customer base, which increases the demand for different automotive control cables in the market and to fulfil these demand, the company introduces new automotive control cables as per the model of the car.

  • Short Life Cycle of OEM Products Provide Growth Opportunities to Automotive Control Cable Manufacturers

    Automotive control cables are the most frequently used spare parts in vehicles due to their cost advantage. The demand for automotive control cables is expected to continue to grow steadily in the upcoming years, unless any advanced technology arises. The life cycle of OEM products is getting shorter, which could provide cable manufacturers an added advantage as there will always be a requirement for a new cable. This is anticipated to provide continuous growth opportunities to several manufacturers in the aftermarket.

  • Increasing Disposable Income of the Middle Class Population

    Increasing disposable income of the middle class population in developing countries propel the demand for passenger cars. The increase in sales and production of new passenger cars is estimated to fuel the sales of automotive control cables in the forecast period.

  • Rising Young and Technically Savvy Generation

    The young and technically savvy generation is expected to be a significant driver for the development of more sustainable and convenient mobility solutions in the upcoming years. It supports car manufacturers to launch new models of vehicles, which is a key factor affecting the global automotive control cable market.

  • Strategic Partnerships between OEMs & Car Manufacturers

    Companies are focusing on collaborations with several car manufactures to provide automotive control cables. These strategic partnerships help OEM companies to have direct sales of automotive control cables. It also facilitates car manufactures to price advantage in automotive control cables.

Automotive Control Cable Market Structure Analysis

The global automotive control cable market is an extremely fragmented market. Tier-1 players hold approximately ~35-45% share in the market. Most of the key players sustain strategic focus on the development of new products and expansion of business in new regions and setup of the distribution network. Significant investments in developing new and durable products by companies are expected to exploit the automotive control cable market growth prospects. 

Key players in the automotive control cable market such as Scottish Leather Group Limited, Suprajit Engineering Ltd, Minda Corporation Limited, Dura Automotive Systems, Kongsberg Automotive ASA., HI-LEX Corporation, Thai Steel Cable Public Co., Ltd, Ficosa Internacional SA, and Grand Rapids Controls Company LLC, are developing new products and focusing on product innovations to sustain their positions in the market. International and regional market players have an extensive marketing network of branch, regional, and global offices across tier 1 and tier 2 cities, providing support to its customers.

Electromobility – A Double-edged Sword

Electromobility, the development of electric vehicles (EVs), has enabled dramatic transformation of the global automotive industry at a significant rate, and will continue to leave imprints in this turbulent market space. With the trend of electromobility growing at a breakneck pace, the sales volume of automotive control cables is expected to rise manifold, as EVs consume ~3X control cables, compared to conventional automobiles.

However, automotive control cable also remains among the key elements that directly as well as indirectly bore the brunt of ‘e-mobility’ revolution. With EVs making their headway to the mainstream, some of the top selling categories in automotive control cable market are most likely to encounter severe challenges in terms of sales in the near future. Brake cables, transmission cables, and hood cables, will eventually witness diminishing need, equivalent to a dip by significant margins. On a similar line, the rapidly popularizing concept of shared mobility will also decelerate automobile sales to a certain extent, reflecting the future hurdles for manufacturers of automotive control cables.  

Extending Portfolios - Emphasizing Strength & Endurance

Considering the harshest of environments, durability and strength of automotive control cable continues to be a significant end user consideration. Automakers seek control cables that can survive the high-temperature conditions and oil-contaminated vehicle environments, where they are exposed to repeated flexing and abrasion. Manufacturers active in the automotive control cable market are broadening their portfolio, covering both, shielded and un-shielded cables, in an effort to cater to a diverse end user needs. In addition, manufacturers are utilizing a host of insulation formulations, which are typically developed in-house, and specifically tailored to offer optimal performance.

* This data is only a representation. Actual data may vary and will be available in report.

Extending Portfolios - Emphasizing Strength & Endurance
Extending Portfolios - Emphasizing Strength & Endurance
Extending Portfolios - Emphasizing Strength & Endurance
Extending Portfolios - Emphasizing Strength & Endurance
  • 2014
  • 2019
  • 2023
  • 2029
  • Arrow

Safety Mandates Opening Doors to New Growth Opportunities

As passenger safety continues to be the paramount, government initiatives to improvise the overall safety of modern automobiles are increasing unprecedentedly.  The incorporation of effective anti-lock braking systems is being made mandatory for automobiles across several countries, including India, China, and Brazil, among others, is establishing a firm ground for installation of advanced automotive control cable types. The mandates on anti-lock braking systems are likely to result in end-to-end upgradation of engine components, such as exhaust after-treatment systems, fuel injection systems, and braking systems, which is further expected to create new revenue streams for the key participants active within the automotive control cable market.  

Door cable remains top-selling

Brake cable sees high demand

 

PVC cables remain sought-after

Polyethylene cables observing sluggish demand

 

Compact vehicles taking the lead

SUVs continue to record increasing demand

 

Sales through OEM remain significant

Sales via aftermarket remain passive

 

How Growth will Unfold

Brands operating in the automotive control cables market remain highly focused on use of advanced technologies and high quality raw materials, to set their products apart from that of the competitors. Manufacturers are centering on building rich portfolios with control cables of varying designs, sizes, and dimensions, suitable for broad-range clientele requirements. Leading players active in the automotive control cable market are shifting their focus on employing ‘state-of-the-art’ manufacturing techniques, which will further help them in nourishing and maintaining the product quality. Brands are offering comprehensive handling guidelines along with their products, and are employing a dedicated technical support team, prompt to address the technical queries put forth by their clients.

 Automotive Control Cable Market

* This data is only a representation. Actual data may vary and will be available in report.

Click Here To Know How The Growth Will Unfold

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Overview

A recent market study published by FMI on the industrial valves market includes global industry analysis 2014-2018 & opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historic as well as current growth parameters of the industrial valves market, the growth prospects of the market are obtained with maximum precision.

Automotive Control Cable Market Taxonomy

The global industrial valves market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Product Type

  • Door Cable
  • Hood Cable
  • Transmission Cable
  • Trunk Cable
  • Brake Cable
  • Clutch Cable
  • Throttle Cable
  • Fuel Cap Cable

By Coating Material

  • PCV cables
  • Polyethylene

By Vehicle Type

  • Compact
  • Mid-size
  • Luxury
  • SUV
  • LCV
  • HCV

By Sales Channel

  • OEM
  • Aftermarket

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

What's Included

The report commences with the executive summary of the automotive control cable market, which includes a summary of key findings and key statistics of the market. It also includes the market value (US$ million) estimates of prime segments of the Automotive Control Cable market.

Readers can find detailed taxonomy and definition of the automotive control cable market in this chapter, which will help them understand the basic information about the automotive control cable market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Automotive Control Cable market report.

The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with the key market developments and product innovations.

This section includes key inclusions of the report. It includes the product adoption & usage analysis, & opportunity analysis, and manufactures’ strategies for the market expansion.

This section explains the global market volume analysis and forecast for the automotive control cable market between the forecast periods of 2019-2029.

This section highlights the average price of door cable, hood cable, transmission cable, trunk cable, brake cable, clutch cable, throttle cable and fuel cap cable in the different regions throughout the globe. The pricing benchmark for manufacturer level pricing and distributor level pricing is analysed in this section.

This section explains the global market value analysis and forecast for the automotive control cable market during 2014-2029. This chapter includes detailed analysis of the historical Automotive Control Cable market, along with an opportunity analysis of the future. Readers can also find absolute $ opportunity for the current year (2019-2020), and incremental $ opportunity for the forecast period (2019-2029). 

This chapter explains the key macro-economic factors that are expected to influence the growth of the automotive control cable market over the forecast period. Along with the macroeconomic factors, this section highlights the opportunity analysis for the automotive control cable market. This chapter also highlights the key market dynamics of the Automotive Control Cable market, which includes drivers, restraints, trends, and opportunities. Moreover, readers will understand key trends followed by prominent manufacturers in the Automotive Control Cable market.

Based on the product type, the automotive control cable market is segmented into door cable, hood cable, transmission cable, trunk cable, brake cable, clutch cable, throttle cable and fuel cap cable segments. In this chapter, readers can find information about key trends and developments in the Automotive Control Cable market and market attractiveness analysis based on the product type.

This chapter provides details about the automotive control cable market on the basis of PCV cables and Polyethylene. In this chapter, readers can understand the market attractiveness analysis based on the material.

This chapter provides details about the automotive control cable market on the basis of compact, mid-size, luxury, SUV, LCV and HCV. In this chapter, readers can understand the market attractiveness analysis based on vehicle type

This chapter provides details about the automotive control cable market on the basis of OEMs (original equipment manufacturers) and aftermarket. In this chapter, readers can understand the market attractive analysis based on sales channel.

This chapter explains how the automotive control cable market will grow across several geographic regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa (MEA).

This chapter includes detailed analysis of the growth of the North America automotive control cable market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in North America.

Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the Latin America Automotive Control Cable market. This chapter also includes the growth prospects of the automotive control cable market in prominent LATAM countries such as Brazil, Mexico and the Rest of Latin America.

Important growth prospects of the automotive control cable market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, Poland, BENELUX and the Rest of Europe are included in this chapter.

In this chapter, India, ASEAN, Oceania and the Rest of South Asia are the prominent countries in the South Asia & Pacific region that are the prime subjects of assessment to obtain growth prospects of the automotive control cable market. Readers can find detailed information about the growth parameters of the South Asia & Pacific Automotive Control Cable market during the forecast period of 2019-2029.

This chapter highlights the growth of the automotive control cable market in East Asia by focusing on China, Japan, and South Korea. This section also help readers understand the key factors that are responsible for the growth of the Automotive Control Cable market in East Asia.

This chapter provides information about how the automotive control cable market will grow in major countries in the MEA region such as South Africa, Iran, Turkey and the Rest of MEA during the forecast period of 2019-2029.

This chapter provides information about how the automotive control cable market will grow in emerging countries across the globe, such as India, China, and Brazil during the forecast period 2019-2029.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the automotive control cable market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the automotive control cable market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Minda Corporation Limited, DURA AUTOMOTIVE SYSTEMS, Kongsberg Automotive ASA., Thai Steel Cable Public Co., Ltd, Suprajit Engineering Ltd, and Ficosa Internacional SA, among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the automotive control cable market report.

This chapter help readers understand the research methodology followed to obtain several conclusions as well as important qualitative and quantitative information about the Automotive Control Cable market.

How the research was conducted?

Primary Research

Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:

  • Adoption of Automotive Control Cable such as throttle cable, door cable etc.
  • Average Selling Price (US$) and Market Growth
  • Key Developments of the company
  • Key Trends and Opportunities
  • Regional wise Dynamics
  • Market Share Information
  • Key Brands
  • Competition & Key Vendor Strategies

Secondary Research

  • Company Press Release
  • Published Trade Data
  • Quarterly Financial Statements, 10-K & 10-Q Filings, Factiva, Morning Star
  • Annual Reports/SEC filings/Investor Presentations/Earning Call Transcript
  • Industry Journals
  • Press Information and Data Released by Exhibitions Conducted By Associations, etc.
  • OICA
  • ACMA

Primary Interview Splits

Primary Interview Splits primary interview splits automotive control cable market

Automotive Control Cable Market Reports - Table of Contents

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