AUTOMOTIVE WIRE AND CABLE MATERIALS MARKET ANALYSIS

Automotive Wire and Cable Materials Market, by Material Type (Polyvinyl Chloride (PVC), Polypropylene (PP), Cross-linked Polyethylene (XLPE), Thermoplastic Polyurethane (TPU), Polyphenylene Ether (PPE), and Others (Fluoropolymers, Polyurethane, Neoprene, Ethylene Propylene Rubber, and Co-polyester Elastomer)), by Vehicle Type (Passenger vehicle segment is further sub-segmented into (Compact Cars, Sub-compact Cars, Mid-size Cars, Sedan, Luxury Cars, and Vans), LCV, and HCV) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) -

Published In : Jun 2023
Code : CMI3249
Pages :174
Formats :
Excel and PDF
Industry : Automotive and Transportation

Regional Analysis

Automotive Wire And Cable Materials Market: Regional Insights

Figure 1: Automotive Wire And Cable Materials Market Share (%), By Region, 2022

The Asia-Pacific region has emerged as the dominant force in the automotive wire and cable materials market, capturing a market share of up to 56.1% in 2022. This strong position can be attributed to the region's thriving end-use industries, including appliances, automobiles, and electronics, among others. The demand in the Asia-Pacific region is further fueled by a growing emphasis on safety, functionality, and the implementation of vehicle safety regulations. China, in particular, experienced a notable 4.4% year-on-year increase in passenger car sales, reaching 20.15 million units in 2022, largely driven by the high demand for new energy vehicles (NEVs). Recognizing the immense potential, international wiring harness manufacturers are actively entering the Chinese market through acquisitions or joint ventures with local partners, aiming to support locally funded auto plants and domestic automakers. As a result, the flourishing automobile industry in the Asia-Pacific region is expected to drive the demand for automotive wire and cable components, thus propelling the growth of the automotive wire and cable materials market.

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa