Automotive control cable is one of the essential part of the vehicle without which the operation of vehicle is tough. These cables allow driver to control the various vehicle functions and they are designed in such a way that they can even perform better in hazardous environment conditions like excess of heat. Need of control cables in vital parts and operations of the vehicles is the major driving factor which helps in surging the growth of automotive control cable market whereas constant growth and up gradation of the manufacturing technology in the cable to extend the life of cable act as restraining factor for this market..
MARKET SCOPE
The "Global Automotive Control Cable Market Analysis to 2028" is a specialized and in-depth study of the automotive control cable industry with a focus on the global market trend. The report aims to provide an overview of global automotive control cable market with detailed market segmentation by raw material, product range, cable type, end user and geography. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? The global automotive control cable market is segmented on the basis of raw material, product range, cable type, end user.
? Based on raw material, the market is segmented as Steel, PVC Compound, Copper Rods and Others.
? On the basis of the product range, the market is segmented as Single Core Cable and Multi Core Cable.
? On the basis of the cable type, the market is segmented as Clutch Cable, Bowden Cable, Throttle Cable, Speedometer Cable, Steering Control Cable and Others.
? On the basis of the end-user, the market is segmented as Motorcycles, Passenger Car Cable, Light Commercial Vehicle Cable and Heavy Commercial Vehicle Cable.
MARKET DYNAMICS
Drivers:
? Automotive control cables are cheap owing to use of cost-effective materials and manufacturing process
Restraints:
? Growing integration of actuators may potentially decrease usage of control cables in automobiles
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive control cable market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive control cable market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE CONTROL CABLE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the automotive control cable market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Automotive control cable market market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive control cable market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive control cable market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? SAB Br?ckskes GmbH & Co. KG
? ALLIED WIRE & CABLE, INC.
? CABLE MANUFACTURING & ASSEMBLY COMPANY, INC.
? Tyler Madison, Inc.
? Jersey Strand and Cable, Inc.
? Lexco Cable Mfg.
? Cable-Tec
? Leoni AG
? Guangzhou ZhuJiang Cable Co.,Ltd
? Alpha Wire