Electric Vehicle (EV) Charging Cable Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Electric Vehicle (EV) Charging Cable Market reached USD 1.3 billion in 2023 and is expected to grow at a CAGR of 17% from 2024 to 2032. The surge in EV sales worldwide fuels the demand for robust charging infrastructure, including versatile cables supporting various power levels. The market is segmented by application, with the private sector accounting for over 60% of the market share in 2023. This segment is projected to exceed USD 3 billion by 2032 as more individuals and businesses fix private charging locations for ease, cost savings, and reduced emissions. Homeowners and commercial entities prefer private charging setups, often with Level 2 chargers, for efficient overnight or workday charging. This trend is driving demand for high-quality, easy-to-use charging cables that can endure frequent use, supporting the increasing adoption of EVs in both residential and commercial settings.
In terms of cable design, the market offers straight and coiled options, with straight cables capturing around 71% of the market share in 2023. Straight cables are popular due to their simplicity, making them ideal for quick, plug-and-play connections at public charging stations and home installations. Their user-friendly design appeals to EV owners who prioritize ease of use, encouraging manufacturers to develop more straight cable solutions. These cables offer broad compatibility across various EV models and charging setups, making them a versatile choice that reduces the need for multiple cables and supports market growth. Regionally, the APAC EV charging cable market held 35% of the global revenue share in 2023, largely due to rapid urbanization and the rising need for sustainable transportation solutions.
Countries like China and India promote EV adoption as part of their urban mobility goals, leading to increased demand for EV infrastructure, including charging cables. Government support in China, such as subsidies, tax incentives, and investments in urban and rural charging stations, is significantly expanding access to charging facilities and driving demand for charging cables across the region. Overall, the global electric vehicle charging cable market is witnessing strong growth driven by the rapid adoption of EVs, rising installation of private and public charging stations, and advancements in cable designs tailored for user convenience and compatibility. As the market evolves, manufacturers continue to focus on innovation, providing efficient, versatile, and reliable charging cables to meet the diverse needs of EV owners worldwide.
- Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates & calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
- 1.3 Forecast model
- 1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market scope & definition
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Insulation and material suppliers
- 3.1.2 Connector manufacturers
- 3.1.3 Cable manufacturers
- 3.1.4 Charging station manufacturers
- 3.1.5 End users
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Regulatory landscape
- 3.7 Pricing analysis
- 3.8 EV cable maintenance and safety considerations
- 3.9 Impact forces
- 3.9.1 Growth drivers
- 3.9.1.1 Rising electric vehicle adoption across the globe
- 3.9.1.2 Technological advancements in fast charging
- 3.9.1.3 Expansion of public charging infrastructure
- 3.9.1.4 Stringent environmental regulations and carbon reduction goals
- 3.9.2 Industry pitfalls & challenges
- 3.9.2.1 Lack of standardization in charging connectors
- 3.9.2.2 Durability and wear issues
- 3.10 Growth potential analysis
- 3.11 Porter’s analysis
- 3.12 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates & Forecast, By Cable, 2021 - 2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Normal
- 5.3 High power
- 5.4 Liquid-cooled high-power
- Chapter 6 Market Estimates & Forecast, By Power, 2021 - 2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 AC charging
- 6.3 DC charging
- Chapter 7 Market Estimates & Forecast, By Cable Length, 2021 - 2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 Below 5 meters
- 7.3 6-10 meter
- 7.4 Above 10 meters
- Chapter 8 Market Estimates & Forecast, By Shape, 2021 - 2032 ($Bn, Units)
- 8.1 Key trends
- 8.2 Straight
- 8.3 Coiled
- Chapter 9 Market Estimates & Forecast, By Charging Level, 2021 - 2032 ($Bn, Units)
- 9.1 Key trends
- 9.2 Level 1
- 9.3 Level 2
- 9.4 Level 3
- Chapter 10 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn, Units)
- 10.1 Key trends
- 10.2 Public
- 10.3 Private
- Chapter 11 Market Estimates & Forecast, By Jacket Material, 2021 - 2032 ($Bn, Units)
- 11.1 Key trends
- 11.2 All rubber
- 11.3 Thermoplastic elastomer (TPE)
- 11.4 Polyvinyl chloride (PVC)
- Chapter 12 Market Estimates & Forecast, By Connector, 2021 - 2032 ($Bn, Units)
- 12.1 Key trends
- 12.2 Type 1
- 12.3 Type 2
- 12.4 CCS1
- 12.5 CCS2
- 12.6 CHAdeMO
- 12.7 GB/T
- 12.8 NACS/TESLA connectors
- Chapter 13 Market Estimates & Forecast, By Diameter, 2021 - 2032 ($Bn, Units)
- 13.1 Key trends
- 13.2<10 mm
- 13.3 10–20 mm
- 13.4 >20 mm
- Chapter 14 Market Estimates & Forecast, By Mode, 2021 - 2032 ($Bn, Units)
- 14.1 Key trends
- 14.2 Mode 1 & 2
- 14.3 Mode 3
- 14.4 Mode 4
- Chapter 15 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Units)
- 15.1 Key trends
- 15.2 North America
- 15.2.1 U.S.
- 15.2.2 Canada
- 15.3 Europe
- 15.3.1 UK
- 15.3.2 Germany
- 15.3.3 France
- 15.3.4 Italy
- 15.3.5 Spain
- 15.3.6 Russia
- 15.3.7 Nordics
- 15.4 Asia Pacific
- 15.4.1 China
- 15.4.2 India
- 15.4.3 Japan
- 15.4.4 Australia
- 15.4.5 South Korea
- 15.4.6 Southeast Asia
- 15.5 Latin America
- 15.5.1 Brazil
- 15.5.2 Mexico
- 15.5.3 Argentina
- 15.6 MEA
- 15.6.1 UAE
- 15.6.2 South Africa
- 15.6.3 Saudi Arabia
- Chapter 16 Company Profiles
- 16.1 AG Electrical
- 16.2 Aptiv Plc
- 16.3 Besen International
- 16.4 Brugg Group
- 16.5 Chengdu Khons
- 16.6 Coroplast
- 16.7 Dyden
- 16.8 Eland Cable
- 16.9 EV Cables
- 16.10 General Cable Technologies
- 16.11 Guangdong OMG
- 16.12 Huber Suhner
- 16.13 Leoni AG
- 16.14 Mennekes Elektrotechnik
- 16.15 Phoenix Contact
- 16.16 Sinbon Electronics
- 16.17 Suzlon Cables
- 16.18 Systems Wire Cable
- 16.19 TE Connectivity
- 16.20 Teison Energy Technology
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