Global Automotive Wires and Cable Materials Market Insights, Forecast to 2028

Global Automotive Wires and Cable Materials Market Insights, Forecast to 2028

Market Analysis and Insights: Global Automotive Wires and Cable Materials Market

Due to the COVID-19 pandemic, the global automotive wires and cable materials market size is estimated to be worth US$ 20,094.7 million in 2022 and is forecast to a readjusted size of US$ 26,467.6 million by 2028 with a CAGR of 4.70% during the forecast period 2022-2028.

n 2021, Copper Wire and Cables accounted for a share of 93.42% in the global automotive wires and cable materials market. And this product segment is poised to reach US$ 24,441.8 million by 2028 from US$ 17,638.9 million in 2021. While The need for potential mass savings from aluminium wiring and SMC terminals increases even more with the future commercialization of autonomous vehicles and their demands.

China automotive wires and cable materials market size was US$ 5,317.3 million in 2021, while the Europe and US automotive wires and cable materials were US$ 4,932.2 million and US$ 2,145.6 million, severally. The proportion of the China was 28.16% in 2021, while Europe and US are 26.12% and 11.36% respectively, and it is predicted that China proportion will reach 30.20% in 2028, trailing a CAGR of 5.67 % through the analysis period. Japan, South Korea, and India are noteworthy markets in Asia, with CAGR 5.35%, 4.93%, and 6.10 % respectively for the next 6-year period. As for the Europe automotive wires and cable materials landscape, Germany is projected to reach US$ 1,846.2 million by 2028 trailing a CAGR of 3.64 % over the forecast period.

The global key manufacturers of automotive wires and cable materials include Yazaki Corporation，Sumitomo Electric, Leoni, Coficab, Furukawa Electric, Force Group, Kromberg & Schubert, Dräxlmaier, Kyungshin, Fujikura, Yura Corporation, Motherson Group, Shuangfei Auto Electric Appliances, etc. In 2021, the global top five players hold a share approximately 31.31% in terms of revenue.

In terms of production side, this report researches the automotive wires and cable materials production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of automotive wires and cable materials by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Global Automotive Wires and Cable Materials Scope and Segment

Automotive wires and cable materials market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Wires and Cable Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type, and by Application for the period 2017-2028.

By Company

Yazaki Corporation

Sumitomo Electric

Leoni

Coficab

Furukawa Electric

Force Group

Kromberg & Schubert

Dräxlmaier

Kyungshin

Fujikura

Yura Corporation

Motherson Group

Shuangfei Auto Electric Appliances

Segment by Type

Copper Wire and Cables

Aluminium Wire and Cables

Others

Segment by Application

Passenger Vehicles

Light Commercial Vehicles

Heavy Commercial Vehicles

Production by Region

North America

Europe

China

Japan

South Korea

India

Sales by Region

North America

United States

Canada

Asia Pacific

China

Japan

South Korea

India

Southeast Asia

Europe

Germany

France

U.K.

Italy

Russia

Latin America

Mexico

Brazil

Middle East & Africa

Turkey

Iran

South Africa