Automotive Wires and Cable Materials Market
Automotive Wires and Cable Materials Market: PVC Material to Command Significant Volume Share during the Forecast Period; Global Industry Analysis and Opportunity Assessment, 2016 - 2026
- 2016-07-12
- REP-GB-1676
- 213 pages
-
An Incisive, In-depth Analysis on the Automotive Wires Cable Materials Market
This study offers a comprehensive, 360 degree analysis on the Automotive Wires Cable Materials market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Automotive Wires Cable Materials market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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Request Covid -19 ImpactGlobal automotive wire and cable materials market for passenger cars, commercial vehicles and heavy trucks and busses is anticipated to be valued at US$ 3.9 billion by end of 2016 representing a Y-o-Y growth of 7.3% over 2015. Increasing installation of navigation, infotainment, comfort, and safety features, combined with stringent regulations over emissions and safety are driving demand for effective wiring harness systems in automotive, which in turn is positively influencing the growth of the global automotive wire and cable materials market.
Promising growth in vehicle production, especially in developing economies, fleet on road, automotive sales, and preference for aftermarket installation of telematics, alternative fuel kits, and infotainment devices are some of the underlying factors supporting growth of the global automotive wire and cables market. The automotive wire and cable materials are available in various standards including ISO, JASO, and SAE. With development of automotive component industry and widening scope of automotive production in ASEAN and Latin American region, new players are likely to emerge in the market in the near future.
Launch of hybrid and flex fuel vehicles, connected cars, increasing scope of digitisation in cars, substitution of copper with aluminium in battery cables, and development of bio-based plasticizers for PVC manufacturing are some of prominent trends identified in the market.
From material perspective, Polyvinyl Chloride (PVC) accounted for significant share in 2015 followed by Polypropylene (PP), Cross Linked Polyethylene (XLPE), Thermoplastic Polyurethane (TPU), Polyphenylene Ether (PPE) and other materials. XLPE and PPE are anticipated to register above average value CAGR and are collectively expected to exhibit CAGR of 7.6% during the forecast period (2016–2026). All other segments including PVC, PP, TPU and other materials are expected to generate an approximate incremental $ opportunity of US$ 2.3 billion over the forecast period.
From regional perspective, Asia Pacific excluding Japan is expected to be the leading consumer of automotive wire and cable materials in 2016 followed by North America and Western Europe. Established markets including North America, Western Europe and Japan are projected to exhibit maturing market conditions post 2020 owing to limited growth prospects in automotive ancillary and component business in the region. Matured markets are collectively expected to offer incremental $ opportunity of around US$ 657 million over the forecast period. All other developing economies are collectively projected to exhibit value CAGR of 6.8% during the same period.
From vehicle type perspective, passenger cars segment accounted for significant share in 2015 followed by commercial vehicles and heavy commercial vehicle. Amongst passenger cars, compact and mid-size segment cars occupied about 57% share by value in 2015 and are expected to remain dominant segments throughout the forecast period. Development of rapid transit routes for public transport in developing economies and increasing adoption of hybrid power trains across all vehicle segments is expected to create significant growth prospective in commercial vehicles and heavy trucks and busses segment.
Major players identified in the market are Sumitomo Electric Industries, Delphi Automotive PLC, Draka Holdings BV, Leoni AG, Lear Corporation, Coficab Group, Yazaki Corporation, Allied Wire & Cable Inc. and Acome.
This Future Market Insights (FMI) report examines the ‘Automotive Wire and Cable Materials’ market for the forecast period 2016–2026. The primary objective of the report is to identify opportunities in the market and present updates and insights, pertaining to various segments of the automotive wire and cable materials market.
Promising growth in vehicle production, especially in developing economies, increasing fleet on road, growing automotive sales and rising preference for aftermarket installation of telematics, alternative fuel kits and infotainment devices are some of the underlying factors supporting growth of the global automotive wire and cables market. Automotive wire and cable materials are available in various standards such as ISO, JASO and SAE. Rapid growth of automotive component industry and widening scope of automotive production in ASEAN and Latin American region is expected to encourage new players to enter into the market in the near future.
To understand and assess opportunities in this market, the report is categorically divided into three sections namely, by vehicle type, material type and region. Each material type has been studied in detail to arrive at the market size. Passenger vehicles segment has been further segmented in detail. The report analyses the automotive wire and cable materials market in terms of market volume (‘000 tonnes) and market value (US$ Mn).
The report covers the automotive wire and cable materials market performance in terms of value and volume contribution. The report also includes FMI’s analysis of drivers and restraints witnessed in the market. Key trends are also included in the report to equip the client with crystal clear decision making insights.
The subsequent sections analyse the automotive wire and cable materials market on the basis of vehicle type, material type and region, and presents a forecast for the period 2016–2026. The market is segmented as follows:
By Vehicle Type
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Passenger Vehicles
- Compact Cars
- Sub-compact Cars
- Mid-size Cars
- Sedan
- Luxury Cars
- Vans
- Light Commercial Vehicles
- Heavy Commercial Vehicles
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)
By Region
- North Americas
- Latin America
- Asia Pacific excluding Japan (APEJ)
- Japan
- Western Europe
- Eastern Europe
- Middle East & Africa (MEA)
To deduce market size, the report considers various aspects based on secondary research. Furthermore, data points such as region-wise split and market split by vehicle and material type, and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution by the automotive wire and cable materials market.
When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, FMI triangulates the data via different analysis based on supply side, demand side, and dynamics of the automotive wire and cable materials market. However, quantifying the market across the above mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy, we not only provides forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify right opportunities.
Another key feature of this report is the analysis of automotive wire and cable materials market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the automotive wire and cable materials market.
To understand key segments in terms of their growth and performance in the automotive wire and cable materials market, Future Market Insights has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the automotive wire and cable materials market.
In the final section of the report, automotive wire and cable materials market, competitive landscape is included to provide a dashboard view of automotive wire and cable materials and component manufacturers. The report contains company profiles of some of the major players.
Some market players featured in this report are as follows:
- Sumitomo Electric Industries
- Delphi Automotive PLC
- Draka Holdings BV
- Leoni AG
- Lear Corporation
- Coficab Group
- Yazaki Corporation
- Allied Wire & Cable Inc.
- Acome
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