The automotive electrical connectors market was valued at US$ 1,225.54 million in 2020 and is projected to reach US$ 2,286.97 million by 2028. The market is expected to grow at a CAGR of 8.9% from 2021 to 2028.
The increasing adoption of electrical cars over fossil fuel-based vehicles is propelling the market player’s businesses to offer enhanced products for electric cars. The global automotive electrical connectors market is segmented on the basis of type, vehicle type, powertrain type, and geography. Based on type, the market is segmented into cable lugs, battery clamps, high voltage busbars, and fuse boxes. In terms of vehicle type, the market is segmented into passenger cars, light commercial vehicle (LCV), and medium and heavy commercial vehicle (M&HCV). Based on powertrain type, the automotive electrical connectors market is segmented into internal combustion engine (ICE), electric vehicle (EV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV).
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The List of Companies:
- Flex-Cable Inc.
- Intercable S.r.l
- Connor Manufacturing
- Amphenol Corporation
- DIFVAN
- TB&C Group
- Klauke (Emerson Electric Co.)
- Rogers Corporation
- Molex
- TE Connectivity
The latest research report on the “Automotive Electrical Connectors Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2028” provides a comprehensive assessment of the Automotive Electrical Connectors market for the forecast period from 2020 to 2028, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Automotive Electrical Connectors market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Automotive Electrical Connectors Market in order to help decision makers with various strategic insights and future outlook. The Automotive Electrical Connectors market is expected to witness continued growth during the forecast period from 2020 to 2028.
Automotive components are getting evolved at rapid rate with advancement in designs, sizes, and materials. The electrical connectors are improved with high voltage and current carrying capacity for the next generation electric cars. The vehicle manufacturers are offering innovative features for customers to stay ahead in the competition. The advent of new technologies such as electric vehicles, self-driving cars, automated vehicles, and hybrid vehicles is driving the automotive industry. Advanced components or devices such as connectors, batteries, shafts, and electric systems are required to support these technologies. Connectors are an essential part of vehicles as they play a vital role in the power transmission. Currently, numerous automakers are emphasizing on the development of advanced electric vehicles (EVs) that is leading to the development of many associated businesses, such as fuse box, high voltage busbars, and batteries.
This is a professional and in-depth study on the current state of the Automotive Electrical Connectors Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Automotive Electrical Connectors Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The report focuses on global major leading Automotive Electrical Connectors Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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- Highlights key business priorities to assist companies realign their business strategies.
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- Scrutinizes in-depth market trends as well as key market drivers and restraints.
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