The electrification and digitalization of vehicles has created the need for increased efficiency, diagnostics, and smarter power distribution. The demand for vehicle power distribution is on rise with the increasing growth of the automotive industry. New powertrains and connected cars provide a major push to the traditional power distribution architecture. The market is foreseen to be lucrative for manufacturers in the developing countries such as Brazil and Iran, due to availability of cheap labour and low production cost during the forecast period.
MARKET SCOPE
The "Global Vehicle Power Distribution Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of vehicle power distribution market with detailed market segmentation by component, type, vehicle type, and geography. The report provides key statistics on the market status of the leading vehicle power distribution market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global vehicle power distribution market is segmented on the basis of component, type, and vehicle type.
- Based on component, the market is segmented as fuse, can, relay, and others.
- On the basis of the type, the market is segmented as hardwired and configurable.
- The market on the basis of the vehicle type is classified as passenger cars, LCV, and HCV.
MARKET DYNAMICS
Drivers:
- Increasing adoption of electronic functions in a vehicle.
Restraints:
- Lack of technological innovations in the power distribution box.
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 vehicle power distribution 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 vehicle power distribution market in these regions.
IMPACT OF COVID-19 ON VEHICLE POWER DISTRIBUTION 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 vehicle power distribution 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 Vehicle power distributionmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for Vehicle power distribution market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vehicle power distribution 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.
- Eaton Corporation
- Furukawa Electric Co., Ltd.
- Lear Corporation
- LEONI AG
- Littelfuse, Inc.
- Mersen Electrical Power
- STMicroelectronics NV
- Sumitomo Electric Industries, Ltd.
- TE Connectivity
- YAZAKI Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.