세계의 자동차용 와이어 및 케이블 시장 : 시장 규모, 점유율, 동향, 예측, 경쟁 분석, 성장 기회(2024-2030년)

"The automotive wires & cables market stood at US$ 13.8 billion in 2023 and is likely to grow at a decent CAGR of 5.4% in the long run to reach US$ 19.8 billion in 2030."

Market Dynamics

Introduction

Automotive wires & cables make up wiring harness assemblies for a broad spectrum of vehicles, starting from passenger and high-performance automobiles to racing cars. Their application includes light, medium, and heavy-duty trucks, industrial transport vehicles, buses, agricultural machinery, recreational vehicles, and off-road vehicles.

This market is global because its demand originates from the highest requirements placed by large OEMs worldwide, such as General Motors, Ford, Honda, Volkswagen, BMW, Hyundai, Renault, Daimler, and Toyota. These big conglomerates populate the market, which is characterized by oligopolistic structures and an extremely wide global network. All these major companies create huge demand for wires & cables for their electrical systems within vehicles, such as power distribution, data transmission, and signal communication.

Recent Market JVs and Acquisitions:

The automotive wires & cables market has undergone a few mergers and acquisitions in recent years as enterprises strive to augment their market presence and leverage synergies to refine their product offerings and optimize their fiscal outcomes. Some M&A and JVs are:

• In 2024, Prysmian Group announced that it had reached an agreement to acquire Encore Wire, as part of a leading global player in the energy and telecom cable systems business to enhance its North American footprint and further develop its market position in the automotive sector.
• In 2019, Leoni AG announced a strategic partnership with the French automotive supplier, Valeo SA, in the development and manufacturing of complex high-voltage wiring systems for e-vehicles and hybrids.

Recent Product Development:

• In 2024, a new cable was introduced by Leoni AG - LIMEVERSE. What makes LIMEVERSE outstanding is its special insulation material, developed by the engineers of Leoni. This material increasingly utilizes bio-based materials made from sustainable or regenerative resources instead of crude oil. The result is that the CO2 footprint will be decreased by 50%.
• In 2022, Southwire launched an innovation: the LC3 liquid-cooled charging cable. This technology handles the heat that is built up during the process of fast EV charging to enable higher current flow.

Market Drivers:

The automotive wires & cables market is projected to grow vigorously owing to the following reasons:

• The continuous rise in population with strong purchasing power for automobiles, particularly in Asia-Pacific and the Rest of the World (RoW), is significantly influencing automotive wires & cables manufacturing.
• Increased adoption of advanced automotive technologies such as EVs, autonomous driving systems, and infotainment systems requires sophisticated cable solutions.
• Changing consumer preferences for high-tech, feature-rich vehicles drives the need for advanced wiring & cable solutions to support new technologies. The need for replacement parts and aftermarket upgrades for existing vehicles also contributes to the demand for automotive wires & cables.
• Modern thin wires & cables, designed with reduced diameter and smaller cross-sectional size, significantly enhance manageability during installation. It also allows for greater ease in manual handling, streamlining the process of moving and positioning cables.
• The future of automotive technology hinges on connectivity and autonomy, which involve numerous sensors and cameras generating vast amounts of data. As traditional wires approach their data transmission limits, specialized wires emerge as the optimal solution.
• Challenges
• The fast-changing nature of the technologies in the automotive business enforces continuous innovation in the wiring solutions for vehicles. These solutions need to adhere to strict industry standards and ensure application compatibility with various models of vehicles. The introduction of advanced materials and manufacturing processes may increase production time and cost; moreover, supply chain disruption can affect availability and pricing.
• By Vehicle Type
• "Light vehicles are likely to be the biggest and the most rapidly rising vehicle during the time of this prediction."
• The growth in demand from the automotive world for advanced connectivity, infotainment systems, and telematics will see automotive wires & cables surge rapidly in the market within the forecast period.
• The growing use of electrical systems and components in light vehicles demands advanced automotive cables. Light vehicle applications demand durable and efficiently performing cables.
• Light vehicles have a more pronounced demand for electronic features like ADAS, cruise control, regenerative braking, lane departure warning, etc.
• By Voltage Type
• "While the low-voltage cable is expected to be foreseen as the most dominant, high-voltage cable is expected to be the most rapidly expanding market where voltage type cable is concerned."
• Low-voltage wires & cables with 8V to 12V that are very useful for car lighting, entertainment, safety, power accessories, climate control, and many other applications in use in today's vehicles.
• Low-voltage systems are essential to so many of the important functions in today's modern vehicles.
• High-voltage wires represent a growth factor in the future of the automotive industry. The more electrification and features are put into vehicles, the more robust and efficient high-voltage wiring systems will be required.
• By Product Type
• "Aluminum core is anticipated to demonstrate the most rapid growth during the forecast period driven by low cost and easy installation."
• Aluminum core cables are lightweight; hence, cheap compared to copper core cables. They resist corrosion and are flexible, hence, their installation is easy.
• Aluminum is highly recyclable and, therefore, more eco-friendly than other materials. It can also work excellently under high-voltage applications, like those found in EVs supporting the latest automotive technologies.
• Though copper is still the best material considering its various advantages, thus, with the growing demand for high-voltage wires & cables, the requirement for copper core wires will also increase.
• By Region
• "Asia-Pacific is the most dominant region in the automotive wires & cables market. North America is forecasted to exhibit the most accelerated expansion during the mentioned period."
• It is further expected that Asia-Pacific will continue to lead in electric vehicle penetration, a huge number of global wires & cables manufacturing plants, and China as a major vehicle manufacturing country with hundreds of associated OEM plants.
• North America, particularly the USA, has one of the biggest and most solid industries for automobiles, representing many leading automobile manufacturers and suppliers that bring demand for wires & cables used in the automotive industry.
• Within the region are the most advanced R&D and manufacturing facilities in the world, backed by a solid supply chain and a first-class modern logistics facility. It is the large demand for EVs, coupled with a skilled pool of human resources, that largely contributes towards accelerated growth within this region.
• Key Players
• It would be fair to say that the market is moderately consolidated with several players contributing significantly to the market. The leading players in the industry contend with several critical factors including pricing strategies, service portfolios, regional presence, and other governing parameters. The following are the key players in the automotive wires & cables market. These big players often engage in mergers and acquisition activities as a key strategy to enhance their portfolios and regional presence.
• Here is the list of the Top Players (Based on Dominance)
• Coficab Group (Tunisia)
• Beijing Force Group (China)
• Leoni AG (Germany)
• Prysmian Group (Italy)
• Helukabel (Germany)
• Xinhongye Wires & cables (China)
• Southwire Company LLC (USA)
• Gebauer & Griller (Austria)
• Condumex Inc (USA)
• Sumitomo Electric Industries Ltd. (Japan)
• Note: The above list does not necessarily include all the top players in the market.
• Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.
• The automotive wires & cables market is segmented into the following categories.
• Automotive Wires & Cables Market, by Vehicle Type
• Light Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Commercial Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive Wires & Cables Market, by Propulsion Type
• ICE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• EV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive Wires & Cables Market, by Product Type
• Copper Core Cables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aluminum Core Cables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive Wires & Cables Market, by Voltage Type
• Low-Voltage Wires & Cables
• (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• (Application-Type Analysis: Main Harness, Auxiliaries, Cockpit, ICE Harness, and Others)
• High-Voltage Wires & Cables
• (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• (Application-Type Analysis: AC/DC Wiring, Auxiliaries, Traction, and Others)
• Automotive Wires & Cables Market by Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)
• Research Methodology
• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today's automotive wires & cables market realities and future market possibilities for the forecast period.
• The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research's internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Table of Contents

• Report Scope
• Report Objectives
• Research Methodology
• Market Segmentation
• Secondary Research
• Key Information Gathered from Secondary Research
• Primary Research
• Key Information Gathered from Primary Research
• Breakdown of Primary Interviews by Region, Designation, and Value Chain Node
• Data Analysis and Triangulation

1. Executive Summary: A Bird's Eye View of the Market

2. Market Environment Analysis: Study of Factors Affecting the Market Dynamics

• 2.1. Supply Chain Analysis (Identification of Key Players/Materials across the Value Chain)
• 2.2. PEST Analysis (List of All Factors Directly or Indirectly Affecting the Market Demand)
• 2.3. Industry Life Cycle Analysis (Current and Future Lifecycle Stage of the Market)
• 2.4. Key Trends (Key Industry as well as Market Trends Shaping the Market Dynamics)
• 2.5. Market Drivers (Study of Drivers and their Short- and Long-Term Impacts)
• 2.6. Market Challenges (Study of Factors Hindrance the Adoption/Growth)

3. Automotive Wires & Cables Market Assessment (2023-2028) (US$ Million)

• 3.1. Contribution of Automotive Wires & Cables in the Overall Wires & Cables Market
• 3.2. Automotive Wires & Cables Market Trend and Forecast (US$ Million)
• 3.3. Market Scenario Analysis: Growth Trajectories in Different Market Conditions
• 3.4. COVID-19 Impact Assessment and Expected Recovery Curve

4. Automotive Wires & Cables Market Segments' Analysis (2018-2030) (US$ Million)

• 4.1. Vehicle-Type Analysis
  • 4.1.1. Light Vehicle: Regional Trend and Forecast (US$ Million)
  • 4.1.2. Commercial Vehicle: Regional Trend and Forecast (US$ Million)
• 4.2. Powertrain-Type Analysis
  • 4.2.1. ICE Wires & Cables: Regional Trend and Forecast (US$ Million)
  • 4.2.2. EV Wires & Cables: Regional Trend and Forecast (US$ Million)
• 4.3. Voltage-Type Analysis
  • 4.3.1. Low-voltage Wires & Cables: Regional Trend and Forecast (US$ Million)
    • 4.3.1.1. Main Harness: Regional Trend and Forecast (US$ Million)
    • 4.3.1.2. Auxiliaries: Regional Trend and Forecast (US$ Million)
    • 4.3.1.3. Cockpit: Regional Trend and Forecast (US$ Million)
    • 4.3.1.4. ICE Harness: Regional Trend and Forecast (US$ Million)
    • 4.3.1.5. Others: Regional Trend and Forecast (US$ Million)
  • 4.3.2. High-voltage Wires & Cables: Regional Trend and Forecast (US$ Million)
    • 4.3.2.1. AC/DC Wiring: Regional Trend and Forecast (US$ Million)
    • 4.3.2.2. Auxiliaries: Regional Trend and Forecast (US$ Million)
    • 4.3.2.3. Traction: Regional Trend and Forecast (US$ Million)
    • 4.3.2.4. Others: Regional Trend and Forecast (US$ Million)
• 4.4. Product-Type Analysis
  • 4.4.1. Aluminum Core Cables: Regional Trend and Forecast (US$ Million)
  • 4.4.2. Copper Core Cables: Regional Trend and Forecast (US$ Million)
  • 4.4.3. Others: Regional Trend and Forecast (US$ Million)
• 4.5. Regional Analysis
  • 4.5.1. North American Automotive Wires & Cables Market: Country Analysis
    • 4.5.1.1. The USA's Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.1.2. Canadian Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.1.3. Mexican Automotive Wires & Cables Market T&F (US$ Million)
  • 4.5.2. European Automotive Wires & Cables Market: Country Analysis
    • 4.5.2.1. German Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.2.2. French Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.2.3. The UK's Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.2.4. Italian Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.2.5. Russian Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.2.6. Rest of the European Automotive Wires & Cables Market T&F (US$ Million)
  • 4.5.3. Asia-Pacific's Automotive Wires & Cables Market: Country Analysis
    • 4.5.3.1. Indian Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.3.2. Chinese Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.3.3. Japanese Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.3.4. Rest of the Asia-Pacific's Automotive Wires & Cables Market T&F (US$ Million)
  • 4.5.4. Rest of the World's (RoW) Automotive Wires & Cables Market: Country Analysis
    • 4.5.4.1. Brazilian Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.4.2. Argentinian Automotive Wires & Cables Market T&F (US$ Million)
    • 4.5.4.3. Other Automotive Wires & Cables Market T&F (US$ Million)

5. Competitive Analysis

• 5.1. Degree of Competition (Current Stage of Competition based on Market Consolidation)
• 5.2. Competitive Landscape (Benchmarking of Key Players in Crucial Parameters)
• 5.3. Market Share Analysis (Key Players and their Respective Shares)
• 5.4. Product Portfolio Mapping (Map their Presence in Different Market Categories)
• 5.5. Geographical Presence (Map their Geographical Presence)
• 5.6. Key Target Areas for Product Development (Understand the Industry Focus while Development)
• 5.7. M&As, JVs, Collaborations, Strategic Alliances, etc. (Map All the Major M&As and JVs)
• 5.8. Porter's Five Forces Analysis (A Bird's Eye View of the Overall Competitive Landscape)

6. Strategic Growth Opportunities

• 6.1. Market Attractiveness Analysis
• 6.2. Emerging Trends (Key Trends that May Shape the Market Dynamics in the Future)
• 6.3. Key Strategic Implications (Changing Market Dynamics and their Key Implications)
• 6.4. Key Success Factors (KSFs) (Identifying Some Factors that May Help Companies to Gain Business)

7. Company Profile of Key Players (Alphabetically Arranged)

• 7.1. Beijing Force Group (China)
• 7.2. Coficab Group (Tunisia)
• 7.3. Condumex Inc (USA)
• 7.4. Gebauer & Griller (Austria)
• 7.5. Helukabel (Germany)
• 7.6. Leoni AG (Germany)
• 7.7. Prysmian Group (Italy)
• 7.8. Southwire Company LLC (USA)
• 7.9. Sumitomo Electric Industries Ltd. (Japan)
• 7.10. Xinhongye Wires & Cables (China)

8. Appendix

• 8.1. Disclaimer
• 8.2. Copyright
• 8.3. Abbreviation
• 8.4. Currency Exchange
• 8.5. Market Numbers