세계의 자동차 와이어 및 케이블 재료 시장 : 성장, 향후 전망, 경쟁 분석(2024-2032년)

The automotive wire & cable material market refers to the niche market segment that focuses on the materials used in the production of automotive wires and cables. These materials ensure the seamless transmission of power and signals across various systems within vehicles. With the automotive sector undergoing a transformation, thanks to technological advancements, the materials used for wires and cables need to match the emerging needs, ensuring reliability, durability, and safety. Automotive wire & cable material market is estimated to grow at a CAGR of 6.4% from 2024 to 2032.

Automotive Wire & Cable Material Market Dynamics

Driver: Surge in Electric Vehicle Production

One of the most pronounced drivers for the automotive wire & cable material market is the rapid surge in electric vehicle (EV) production. Electric vehicles, unlike their traditional counterparts, rely heavily on extensive wiring systems due to their complex electric components. With the global push towards sustainable and eco-friendly transport options, governments across the globe are promoting EVs, leading to substantial investments in EV infrastructure. For instance, according to government transport databases, there has been a consistent rise in EV registrations year-on-year. As a result, the demand for high-quality wire and cable materials has skyrocketed. Materials such as cross-linked polyethylene (XLPE) and ethylene-propylene rubber (EPR) that offer high thermal resistance, vital for EVs, have witnessed significant demand.

Opportunity: Advanced Driver-Assistance Systems (ADAS) Integration

Another area brimming with opportunities is the integration of Advanced Driver-Assistance Systems (ADAS) in modern vehicles. ADAS, which includes features like lane departure warnings, adaptive cruise control, and automatic parking, relies heavily on intricate wiring systems for sensors and cameras. As vehicles get smarter, the number of sensors and the complexity of the networks within vehicles will only increase. An article published in an automotive magazine highlighted the importance of robust and reliable wiring systems to ensure the smooth functioning of ADAS. Materials that can offer lightweight solutions without compromising on durability are thus expected to witness an uptick in demand.

Restraint: Fluctuations in Raw Material Prices

However, the market hasn't been without its restraints. The fluctuating prices of raw materials, such as copper and certain plastics, have posed challenges. Automotive manufacturers constantly seek to strike a balance between quality and cost. An analysis in a financial daily highlighted how the global copper price fluctuations impacted several industries, including the automotive wire & cable material market. Such fluctuations increase production costs, potentially leading to higher vehicle prices, thereby affecting consumer purchasing behavior.

Challenge: Meeting Stringent Automotive Standards

One of the pressing challenges is adhering to the stringent standards and regulations set by automotive bodies worldwide. With vehicles becoming more reliant on electronic systems, ensuring the safety and reliability of these systems becomes paramount. Failures can lead to catastrophic outcomes, leading to recalls. An example is a news report that covered a major vehicle recall due to faulty wiring systems, underscoring the importance of quality in wire & cable materials. Meeting these standards while keeping production costs in check remains a challenging tightrope walk for manufacturers.

Segmentation by Material Type

In 2023, the Automotive Wire & Cable Material Market saw varied demand across different materials, including PVC, PP, XLPE, TPU, PPE, among others. PVC (Polyvinyl Chloride) has traditionally dominated the market due to its cost-effectiveness, flexibility, and durability. It witnessed the highest revenue generation among all materials. However, with evolving automotive needs, especially in electric vehicles (EVs), XLPE (Cross-Linked Polyethylene) emerged as the material with the highest Compound Annual Growth Rate (CAGR). XLPE's enhanced thermal resistance properties, essential for EVs, led to its growing popularity. Meanwhile, materials like TPU (Thermoplastic Polyurethane) and PPE (Polyphenylene Ether) also garnered attention for their lightweight and heat-resistance properties, although their market share was relatively minor compared to PVC and XLPE.

Segmentation by Vehicle Type

Delineating the market based on vehicle types, the year 2023 was quite telling. Passenger Vehicles comprised the largest share in terms of revenue generation. As consumer demand for advanced infotainment, safety features, and ADAS systems grew, so did the requirement for high-quality wiring materials. However, with the push for cleaner transportation, especially in urban logistics, LCVs (Light Commercial Vehicles) presented the highest CAGR. Fleets of electric LCVs, primarily for last-mile deliveries, have been growing at an unprecedented rate, necessitating better wiring solutions. HCVs (Heavy Commercial Vehicles), while significant, faced challenges like high costs and longer electrification timelines, affecting their wire & cable material growth rate.

Regional Insights

Region-wise, Asia-Pacific, primarily driven by China, held the largest market share in 2023. The rapid expansion of the automotive sector, combined with massive investments in EV infrastructure, set the pace. Europe, with its strict emission norms and significant investments in electric transportation, stood out as the region expected to have the highest CAGR from 2024 to 2032. North America, with its blend of traditional and electric vehicles, maintained a steady growth rate, while the Middle East and Africa showed potential, albeit from a smaller base.

Competitive Trends

On the competitive front, the market landscape in 2023 was a blend of established players and emerging innovators. Companies like Sumitomo Electric Industries, Ltd., Allied Wire & Cable Inc., Delphi Automotive PLC, Coroplast Fritz Muller GmbH & Co. KG, Draka Holdings B.V., YazakiCorporation, Leoni AG, Coficab Group, Lear Corporation took substantial market shares, thanks to their legacy, vast distribution networks, and comprehensive product portfolios. Their strategies often revolved around acquisitions, partnerships, and R&D investments to stay ahead. However, with the rise of EVs and ADAS, newer entrants with niche solutions started challenging the status quo. Innovations in lightweight and heat-resistant materials became a key differentiation point. The next decade, from 2024 to 2032, is expected to see collaborations between traditional giants and innovative startups, aiming to merge experience with innovation.

Historical & Forecast Period

This study report represents an analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Automotive Wire And Cable Material market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users & consumption volume, price, and value.

Geographical revenues generated by countries considered in the report

Micro and macro environment factors that are currently influencing the Automotive Wire And Cable Material market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.

Market Segmentation

Material Type

• PVC

• PP

• XLPE

• TPU

• PPE

• Others

Vehicle Type

• Passenger Vehicles

• LCV

• HCV

Region Segment (2022-2032; US$ Million)

North America

U.S.

Canada

Rest of North America

UK and European Union

UK

Germany

Spain

Italy

France

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa

GCC

Africa

Rest of Middle East and Africa

Key questions answered in this report

What are the key micro and macro environmental factors that are impacting the growth of Automotive Wire And Cable Material market?

What are the key investment pockets concerning product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2032.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the Automotive Wire And Cable Material market?

Which is the largest regional market for Automotive Wire And Cable Material market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving Automotive Wire And Cable Material market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive Wire And Cable Material market worldwide?

Table of Contents

1. Preface

• 1.1. Report Description
  • 1.1.1. Purpose of the Report
  • 1.1.2. Target Audience
  • 1.1.3. Key Offerings
• 1.2. Market Segmentation
• 1.3. Research Methodology
  • 1.3.1. Phase I - Secondary Research
  • 1.3.2. Phase II - Primary Research
  • 1.3.3. Phase III - Expert Panel Review
  • 1.3.4. Assumptions
  • 1.3.5. Approach Adopted

2. Executive Summary

• 2.1. Market Snapshot: Global Automotive Wire And Cable Material Market
• 2.2. Global Automotive Wire And Cable Material Market, By Material Type, 2023 (US$ Million)
• 2.3. Global Automotive Wire And Cable Material Market, By Vehicle Type, 2023 (US$ Million)
• 2.4. Global Automotive Wire And Cable Material Market, By Geography, 2023 (US$ Million)
• 2.5. Attractive Investment Proposition by Geography, 2023

3. Automotive Wire And Cable Material Market: Competitive Analysis

• 3.1. Market Positioning of Key Automotive Wire And Cable Material Market Vendors
• 3.2. Strategies Adopted by Automotive Wire And Cable Material Market Vendors
• 3.3. Key Industry Strategies
• 3.4. Tier Analysis 2023 Versus 2032

4. Automotive Wire And Cable Material Market: Macro Analysis & Market Dynamics

• 4.1. Introduction
• 4.2. Global Automotive Wire And Cable Material Market Value, 2022 - 2032, (US$ Million)
• 4.3. Market Dynamics
  • 4.3.1. Market Drivers
  • 4.3.2. Market Restraints
  • 4.3.3. Key Challenges
  • 4.3.4. Key Opportunities
• 4.4. Impact Analysis of Drivers and Restraints
• 4.5. See-Saw Analysis
• 4.6. Porter's Five Force Model
  • 4.6.1. Supplier Power
  • 4.6.2. Buyer Power
  • 4.6.3. Threat Of Substitutes
  • 4.6.4. Threat Of New Entrants
  • 4.6.5. Competitive Rivalry
• 4.7. PESTEL Analysis
  • 4.7.1. Political Landscape
  • 4.7.2. Economic Landscape
  • 4.7.3. Technology Landscape
  • 4.7.4. Legal Landscape
  • 4.7.5. Social Landscape

5. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)

• 5.1. Market Overview
• 5.2. Growth & Revenue Analysis: 2023 Versus 2032
• 5.3. Market Segmentation
  • 5.3.1. PVC
  • 5.3.2. PP
  • 5.3.3. XLPE
  • 5.3.4. TPU
  • 5.3.5. PPE
  • 5.3.6. Others

6. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)

• 6.1. Market Overview
• 6.2. Growth & Revenue Analysis: 2023 Versus 2032
• 6.3. Market Segmentation
  • 6.3.1. Passenger Vehicles
  • 6.3.2. LCV
  • 6.3.3. HCV

7. North America Automotive Wire And Cable Material Market, 2022-2032, USD (Million)

• 7.1. Market Overview
• 7.2. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
• 7.3. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
• 7.4.Automotive Wire And Cable Material Market: By Region, 2022-2032, USD (Million)
  • 7.4.1.North America
    • 7.4.1.1. U.S.
      • 7.4.1.1.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 7.4.1.1.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 7.4.1.2. Canada
      • 7.4.1.2.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 7.4.1.2.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 7.4.1.3. Rest of North America
      • 7.4.1.3.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 7.4.1.3.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)

8. UK and European Union Automotive Wire And Cable Material Market, 2022-2032, USD (Million)

• 8.1. Market Overview
• 8.2. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
• 8.3. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
• 8.4.Automotive Wire And Cable Material Market: By Region, 2022-2032, USD (Million)
  • 8.4.1.UK and European Union
    • 8.4.1.1. UK
      • 8.4.1.1.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 8.4.1.1.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 8.4.1.2. Germany
      • 8.4.1.2.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 8.4.1.2.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 8.4.1.3. Spain
      • 8.4.1.3.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 8.4.1.3.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 8.4.1.4. Italy
      • 8.4.1.4.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 8.4.1.4.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 8.4.1.5. France
      • 8.4.1.5.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 8.4.1.5.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 8.4.1.6. Rest of Europe
      • 8.4.1.6.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 8.4.1.6.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)

9. Asia Pacific Automotive Wire And Cable Material Market, 2022-2032, USD (Million)

• 9.1. Market Overview
• 9.2. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
• 9.3. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
• 9.4.Automotive Wire And Cable Material Market: By Region, 2022-2032, USD (Million)
  • 9.4.1.Asia Pacific
    • 9.4.1.1. China
      • 9.4.1.1.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 9.4.1.1.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 9.4.1.2. Japan
      • 9.4.1.2.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 9.4.1.2.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 9.4.1.3. India
      • 9.4.1.3.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 9.4.1.3.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 9.4.1.4. Australia
      • 9.4.1.4.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 9.4.1.4.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 9.4.1.5. South Korea
      • 9.4.1.5.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 9.4.1.5.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 9.4.1.6. Rest of Asia Pacific
      • 9.4.1.6.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 9.4.1.6.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)

10. Latin America Automotive Wire And Cable Material Market, 2022-2032, USD (Million)

• 10.1. Market Overview
• 10.2. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
• 10.3. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
• 10.4.Automotive Wire And Cable Material Market: By Region, 2022-2032, USD (Million)
  • 10.4.1.Latin America
    • 10.4.1.1. Brazil
      • 10.4.1.1.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 10.4.1.1.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 10.4.1.2. Mexico
      • 10.4.1.2.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 10.4.1.2.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 10.4.1.3. Rest of Latin America
      • 10.4.1.3.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 10.4.1.3.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)

11. Middle East and Africa Automotive Wire And Cable Material Market, 2022-2032, USD (Million)

• 11.1. Market Overview
• 11.2. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
• 11.3. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
• 11.4.Automotive Wire And Cable Material Market: By Region, 2022-2032, USD (Million)
  • 11.4.1.Middle East and Africa
    • 11.4.1.1. GCC
      • 11.4.1.1.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 11.4.1.1.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 11.4.1.2. Africa
      • 11.4.1.2.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 11.4.1.2.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)
    • 11.4.1.3. Rest of Middle East and Africa
      • 11.4.1.3.1. Automotive Wire And Cable Material Market: By Material Type, 2022-2032, USD (Million)
      • 11.4.1.3.2. Automotive Wire And Cable Material Market: By Vehicle Type, 2022-2032, USD (Million)

12. Company Profile

• 12.1. Sumitomo Electric Industries, Ltd.
  • 12.1.1. Company Overview
  • 12.1.2. Financial Performance
  • 12.1.3. Product Portfolio
  • 12.1.4. Strategic Initiatives
• 12.2. Allied Wire & Cable Inc.
  • 12.2.1. Company Overview
  • 12.2.2. Financial Performance
  • 12.2.3. Product Portfolio
  • 12.2.4. Strategic Initiatives
• 12.3. Delphi Automotive PLC
  • 12.3.1. Company Overview
  • 12.3.2. Financial Performance
  • 12.3.3. Product Portfolio
  • 12.3.4. Strategic Initiatives
• 12.4. Coroplast Fritz Muller GmbH & Co. KG
  • 12.4.1. Company Overview
  • 12.4.2. Financial Performance
  • 12.4.3. Product Portfolio
  • 12.4.4. Strategic Initiatives
• 12.5. Draka Holdings B.V.
  • 12.5.1. Company Overview
  • 12.5.2. Financial Performance
  • 12.5.3. Product Portfolio
  • 12.5.4. Strategic Initiatives
• 12.6. Yazaki Corporation
  • 12.6.1. Company Overview
  • 12.6.2. Financial Performance
  • 12.6.3. Product Portfolio
  • 12.6.4. Strategic Initiatives
• 12.7. Leoni AG
  • 12.7.1. Company Overview
  • 12.7.2. Financial Performance
  • 12.7.3. Product Portfolio
  • 12.7.4. Strategic Initiatives
• 12.8. Coficab Group
  • 12.8.1. Company Overview
  • 12.8.2. Financial Performance
  • 12.8.3. Product Portfolio
  • 12.8.4. Strategic Initiatives
• 12.9. Lear Corporation
  • 12.9.1. Company Overview
  • 12.9.2. Financial Performance
  • 12.9.3. Product Portfolio
  • 12.9.4. Strategic Initiatives
• 12.10. Other Notable Players
  • 12.10.1. Company Overview
  • 12.10.2. Financial Performance
  • 12.10.3. Product Portfolio
  • 12.10.4. Strategic Initiatives