Global Automotive Control Cables Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type: Single Core Cable and Multi Core Cable.

By Application;

Passenger vehicles and Commercial vehicles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn074118537 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Control Cables Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Control Cables Market was valued at USD 968.80 million. The size of this market is expected to increase to USD 1,437.58 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The Global Automotive Control Cables Market is a vital segment within the automotive industry, playing a crucial role in the operation and functionality of various vehicle systems. Control cables are essential components that facilitate the transmission of mechanical forces, enabling the manipulation of diverse functions such as throttle, brakes, clutch, and steering within vehicles. As automotive technology continues to evolve, the demand for advanced control cables that offer enhanced durability, reliability, and precision control is witnessing significant growth.

One of the key drivers propelling the growth of the global automotive control cables market is the rising production of automobiles worldwide. With increasing urbanization and a growing middle class in emerging economies, there is a surge in demand for passenger vehicles as well as commercial vehicles, thereby creating a substantial market for control cables. Stringent regulations pertaining to vehicle safety and emissions are pushing automotive manufacturers to adopt advanced control cable technologies that comply with regulatory standards, further stimulating market growth.

The trend towards electric and hybrid vehicles is reshaping the landscape of the automotive control cables market. As electrification gains momentum in the automotive sector, there is a growing need for innovative control cable solutions that can efficiently manage the unique requirements of electric powertrains. This shift towards electrification is not only influencing the design and development of control cables but also creating new opportunities for market players to introduce eco-friendly and high-performance cable solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Automotive Control Cables Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Automotive Vehicles
        2. Stringent Regulations for Vehicle Safety
        3. Growing Adoption of Electric Vehicles
        4. Expansion of Automotive Manufacturing Sector
      2. Restraints
        1. Environmental Concerns
        2. Supply Chain Disruptions
        3. Technological Complexity
      3. Opportunities
        1. Growth in Electric Vehicle Market
        2. Adoption of Advanced Materials
        3. Collaborations and Partnerships
        4. Aftermarket Sales and Services
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Control Cables Market, By Type, 2020 - 2030 (USD Million)
      1. Single Core Cable
      2. Multi Core Cable
    2. Global Automotive Control Cables Market, By Application, 2020 - 2030 (USD Million)
      1. Passenger vehicles
      2. Commercial vehicles
    3. Global Automotive Control Cables Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. Rest of Middle East & Africa
        2. South Africa
        3. Israel
        4. GCC
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Delphi Technologies
      2. Leoni AG
      3. HELLA GmbH & Co. KGaA
      4. Robert Bosch GmbH
      5. Sumitomo Electric Industries Ltd
      6. Yazaki Corporation
      7. Nexans SA
      8. Standard Motor Products, Inc
      9. Cofle Holding S.r.l
      10. Orscheln Products LLC
  7. Analyst Views
  8. Future Outlook of the Market