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The automotive control cables market is forecast to increase by USD 787.8 million and is estimated to grow at a CAGR of 4.5% between 2023 and 2028. Automotive control cables are an essential component in modern vehicles, enabling the smooth functioning of various systems such as brakes, clutch, and power steering. These cables are cost-effective due to the use of affordable materials and efficient manufacturing processes. However, the increasing usage of wiring and cables in automobiles is driving the demand for control cables. The advantages of control cables, including durability, precision, and reliability, make them a preferred choice over other alternatives. Furthermore, the adoption of shielded automotive control cables is on the rise due to their ability to protect against electromagnetic interference and ensure optimal performance. With the automotive industry continuously evolving, the demand for advanced control cable solutions is expected to grow, offering significant opportunities for manufacturers.
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The market is a significant segment of the vehicle components industry, supplying wires and cables for various vehicle systems. These cables include brake cables, clutch cables, transmission cables, and engine accelerators for passenger automobiles and commercial vehicles. The market's growth is driven by increasing automobile vehicle sales and the need for safety features in vehicles. Brake cables transmit force from the brake pedal to the brake caliper, while clutch cables connect the clutch pedal to the clutch release mechanism. Transmission cables transfer power from the transmission to the engine and other vehicle components. Stainless steel wires are commonly used due to their durability and resistance to corrosion. The market's absolute dollar opportunity is substantial, with the International Energy Agency estimating over 1.5 billion vehicles on the road by 2050. Safety is a key consideration, with control cables playing a crucial role in road safety. The cockpit is another area of focus, with wiring harnesses connecting various vehicle systems. The market also caters to defense forces, with armored vehicles and military aircraft requiring specialized control cables. Commercial aircraft, such as the Airbus A380, also utilize control cables for various systems. Geopolitical rifts and global defense spending impact the market's growth, with increasing demand for defense vehicles and aircraft. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Automotive control cables are cheap owing to the use of cost-effective materials and the manufacturing process is notably driving market growth. The market experiences significant growth due to their widespread usage in various automotive applications. These cables are essential components in both civilian and military vehicles, including armored vehicles and commercial aircraft.
Moreover, in the defense sector, control cables are utilized in military ships for maritime activities such as coastal shipping and in military aircraft for flight control, engine control, landing gear, aircraft seating, and cabin equipment. The global defense spending drives the demand for these cables in the defense industry. In the commercial aviation sector, control cables are used extensively in wiring harnesses for the Airbus A380 and other aircraft models. Thus, such factors are driving the growth of the market during the forecast period.
Developments in the field of automotive control cables is the key trend in the market. The market is experiencing significant advancements in design, material usage, and manufacturing processes. These developments result in more durable and reliable control cables, enhancing the overall efficiency of the systems they serve.
Moreover, companies employ innovative manufacturing techniques to extend product lifecycles and performance. Advanced materials, such as high-strength aluminum, are utilized to boost control cable reliability and longevity, minimizing the likelihood of cracks due to wear and tear. This market expansion is not limited to land-based applications. In the aerospace sector, control cables are essential components in armored vehicles, commercial aircraft like the Airbus A380, and military aircraft. Thus, such trends will shape the growth of the market during the forecast period.
Government guidelines on the use of control cables for automotive applications is the major challenge that affects the growth of the market. The market is significantly influenced by various regulatory requirements set by governments worldwide. These regulations, aimed at enhancing vehicle safety, reducing carbon emissions, and improving energy efficiency, pose challenges for control cable manufacturers. They must comply with stringent quality standards and design specifications to ensure the safe integration of their products in vehicles. For instance, in the defense sector, armored vehicles and military ships require high-performance control cables for critical functions such as engine control, landing gear, and flight control.
Similarly, in commercial aviation, wiring harnesses for aircraft like the Airbus A380 must meet rigorous regulatory requirements for reliability and redundancy. Moreover, maritime activities, including coastal shipping, also necessitate the use of control cables that can withstand harsh environments. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
DURA Automotive Systems: The company offers automotive control cables which is used for the transfer of pull and push forces.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The passenger car segment is estimated to witness significant growth during the forecast period. The market encompasses a wide range of wires used in various types of vehicles for transmitting signals and power between different components. These components include brakes, clutches, transmissions, engine accelerators, audio systems, and more. The market holds an absolute dollar opportunity in the growing automobile vehicle sales, particularly in passenger automobiles, as per the International Energy Agency.
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The passenger car segment was the largest segment and valued at USD 2.13 billion in 2018. Automotive control cables are essential vehicle components, made primarily from stainless steel wires for their durability and resistance to high temperature, moisture, and oil contamination. The market caters to both OEM and aftermarket segments, supplying cables for various applications such as transmissions, clutches, brakes, and car battery cables. Safety is a significant factor driving the demand for automotive control cables, particularly in the context of road accidents and legislation. Hence, such factors are fuelling the growth of this segment during the forecast period.
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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market encompasses a wide range of wires used in various types of vehicles, including passenger automobiles and commercial models, for transmitting power and control signals from the vehicle's components such as brakes, clutches, transmissions, engine accelerators, audio systems, and more. The market presents an absolute dollar opportunity, driven by the increasing automobile vehicle sales and the demand for advanced safety features, in line with the International Energy Agency's forecasts. Automotive control cables come in various types, including brake cables, clutch cables, transmission cables, and car battery cables. Hence, such factors are driving the market in North America during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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Automotive control cables are essential vehicle components that transmit power and control signals between various parts of a vehicle. These cables include brake cables, clutch cables, transmission cables, engine accelerators, and wires for audio systems. The market for automotive control cables is driven by the increasing sales of automobiles, particularly passenger automobiles, according to the International Energy Agency. The market landscape depends on the Car battery cable, Mechanical control cables market, Military and aerospace sectors, Push pull control cables, Geopolitical rift, Formboards, Wire bundle, Mechanical cable controls, Wire material, Jacket material Brake cables, clutch cables, and transmission cables are critical safety components in vehicles. The use of high-quality materials, such as stainless steel wires, ensures their durability and resistance to harsh conditions, including high temperature, moisture, and oil contamination.
Moreover, the market presents an absolute dollar opportunity for manufacturers due to the growing demand for commercial vehicle models and transmission systems. Shielded automotive wires are increasingly being used to protect against electromagnetic interference, ensuring smooth transmission of signals. Safety is a primary concern in the automotive industry, leading to stringent legislation regarding the use of automotive control cables. The market is witnessing a shift towards electromobility, with electric vehicles and air brake systems requiring specialized cables, such as Polyethylene cable and PVC-coated cables. The OEM segment dominates the market, with Original Equipment Manufacturers prioritizing the use of high-quality cables to ensure vehicle safety and performance. Car battery cables and cockpit wiring are other significant applications of automotive control cables. In summary, the market is a dynamic and growing industry, driven by the increasing sales of automobiles, safety regulations, and the shift towards electromobility. Manufacturers must focus on producing high-quality, durable, and cost-effective cables to meet the evolving demands of the market.
Market Scope |
|
Report Coverage |
Details |
Page number |
147 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 787.8 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key countries |
China, US, Japan, Germany, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acey Engineering Pvt. Ltd., BBB Industries LLC, Cable Manufacturing and Assembly Co. Inc., Chuo Spring Co. Ltd., DURA Automotive Systems, Grand Rapids Controls Co. LLC, HI-LEX Corp., Kalpa Industries, KALTROL, Kongsberg Automotive ASA, KUSTER Holding GmbH, Minda Corp. Ltd., Panasonic Holdings Corp., Premier Auto Cables, Silco Automotive Solutions LLP, Suprajit Engineering Ltd., Tata Sons Pvt. Ltd., Thai Steel Cable Public Co. Ltd., Tyler Madison Inc., and WR Controls Sweden AB |
Market dynamics |
Parent market analysis, market forecast, market report, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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