Automotive Cables Market Report 2023

Automotive Cables Global Market Report 2023 – By Product Type (Copper Core, Aluminum Core, Other Product Types), By Sales Channel (Direct Channel, Distribution Channel), By Application (Automotive Primary Wire and Battery Cable, Brake Cable, Trailer Cable, Car Speaker Wire, Fusible Link Wire) – Market Size, Trends, And Global Forecast 2023-2032

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Automotive cables are defined as flexibles used for data transmission and electrical connections in automobiles that are made of aluminum alloy to reduce the weight of the cables in an automobile. Automotive cables are used in lighting, in instrumental panel circuits in automobiles. Automotive cables are used as battery cables, multimedia, coaxial cables, multi-core screened cables, and sheathed ABS Sensor cables.

The main product types of automotive cables are copper core, aluminum core, and others. A copper core cable is a collection of two or more copper wires wrapped in a single sheath or jacket. Automotive cables are sold through direct channels and distribution sales channels. The various applications include automotive primary wire and battery cable, brake cable, trailer cable, car speaker wire, and fusible link wire.

The automotive cables market research report is one of a series of new reports from The Business Research Company that provides automotive cables market statistics, including automotive cables industry global market size, regional shares, competitors with an automotive cables market share, detailed automotive cables market segments, market trends and opportunities, and any further data you may need to thrive in the automotive cables industry. This automotive cables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The global automotive cables market will grow from $5.4 billion in 2022 to $5.75 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive cables market is expected to grow to $7.51 billion in 2027 at a CAGR of 6.9%.

The increasing demand for automobiles promotes the growth of the automotive cable market. Automotive cables are used in automobiles for starting, charging, lighting, signaling, and in instrument panel circuits. For instance, battery cables in automotive are used to connect the battery to the car’s electrical system. The increasing demand for automotive will require automotive companies to increase their production and in turn, increase the demand for automotive cables. According to the October 2022 report by the Indian Brand Equity Foundation ( IBEF), an India-based government agency for providing economic information, the total number of passenger vehicles including three-wheelers, two-wheelers, and quadricycles produced in June 2022 was 2,081,148 units. Additionally, the market for passenger cars in India was estimated at US$ 32.70 billion in 2021, and by 2027, it is anticipated to have grown to US$ 54.84 billion, with a CAGR of 9%. Thus, the growth of the automotive cable market is positively impacted by the increase in the demand for automobiles.

The growth of the automotive cables market is hindered by the growing availability of counterfeit auto parts including automotive cables. Cheap counterfeited cables are responsible for major revenue loss for authentic cable manufacturers. Apart from being priced low, these cables also increase the risk of accidents because of their low quality. The availability of counterfeited cables forces genuine manufacturers to spend heavy amounts to stop the sale of counterfeited products. According to the Federation of Indian Chambers of Commerce and Industry report, about 20% of all road accidents in India are attributed to counterfeit automotive parts with Rs 2,200 crore revenue being lost by the government due to these counterfeit products. Thus, the availability of counterfeit auto parts hampers the growth of the automotive cable market.

The companies in the automotive cables market are investing in the substitution of copper with aluminum in battery cables to save manufacturing costs and reduce weight. Aluminum used is one-third the weight of copper and is less expensive than copper. The replacement holds no significant difference in the performance of the cable. Following the trend in October 2021, Toyota Boshoku Corporation, a Japan-based automotive component manufacturer, adopted the use of aluminum electrical wire to reduce the weight of automobiles and enhance their environmental performance.

In April 2022, Suprajit Engineering, an India-based mechanical cable and halogen bulb manufacturer acquired Kongsberg Automotive ASA for a deal of $ 42 million. Through this acquisition, Suprojit Engineering aims to strengthen its Light Duty Cable (LDC) business unit and to gain a competitive advantage. Kongsberg Automotive ASA is a Norway-based automotive part manufacturer.

Major players in the automotive cables market are Sumitomo Corporation, Coficab Tunisie SA, Leoni, Delphi Automotive PLC., General Cable, Furukawa Electric, Lear Corporation, Coficab Group, Yazaki Corporation, and Allied Wire & Cable Inc.

Asia-Pacific was the largest region in the global automotive cables market in 2022. The regions covered in the global aircraft cables report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the aircraft cables market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The automotive cables market consists of sales of copper-core automotive cables, aluminum-core automotive cables, and other automotive cables. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global automotive cables market is segmented -

1) By Product Type: Copper Core, Aluminum Core, Other Product Types

2) By Sales Channel: Direct Channel, Distribution Channel

3) By Application: Automotive Primary Wire and Battery Cable, Brake Cable, Trailer Cable, Car Speaker Wire, Fusible Link Wire

    Table Of Contents

    1. Executive Summary

    2. Automotive Cables Market Characteristics

    3. Automotive Cables Market – Macro Economic Scenario

    3.1 COVID-19 Impact On Automotive Cables Market

    3.2 Ukraine-Russia War Impact On Automotive Cables Market

    3.3 Impact Of High Inflation On Automotive Cables Market

    4. Automotive Cables Market Size And Growth

    4.1. Global Automotive Cables Historic Market, 2017 - 2022, $ Billion

    4.1.1. Drivers Of The Market

    4.1.2. Restraints On The Market

    4.2. Global Automotive Cables Forecast Market, 2022 - 2027F, 2032F, $ Billion

    4.2.1. Drivers Of The Market

    4.2.2. Restraints On the Market

    5. Automotive Cables Market Segmentation

    5.1. Global Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Copper Core

    Aluminum Core

    Other Product Types

    5.2. Global Automotive Cables Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Direct Channel

    Distribution Channel

    5.3. Global Automotive Cables Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    Automotive Primary Wire and Battery Cable

    Brake Cable

    Trailer Cable

    Car Speaker Wire

    Fusible Link Wire

    6. Automotive Cables Market Regional And Country Analysis

    6.1. Global Automotive Cables Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    6.2. Global Automotive Cables Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    7. Asia-Pacific Automotive Cables Market

    7.1. Asia-Pacific Automotive Cables Market Overview

    7.2. Asia-Pacific Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    8. China Automotive Cables Market

    8.1. China Automotive Cables Market Overview

    8.2. China Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

    9. India Automotive Cables Market

    9.1. India Automotive Cables Market Overview

    9.2. India Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    10. Japan Automotive Cables Market

    10.1. Japan Automotive Cables Market Overview

    10.2. Japan Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    11. Australia Automotive Cables Market

    11.1. Australia Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    12. Indonesia Automotive Cables Market

    12.1. Indonesia Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    13. South Korea Automotive Cables Market

    13.1. South Korea Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    14. Western Europe Automotive Cables Market

    14.1. Western Europe Automotive Cables Market Overview

    14.2. Western Europe Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    15. UK Automotive Cables Market

    15.1. UK Automotive Cables Market Overview

    15.2. UK Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    16. Germany Automotive Cables Market

    16.1. Germany Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    17. France Automotive Cables Market

    17.3. France Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    18. Eastern Europe Automotive Cables Market

    18.1. Eastern Europe Automotive Cables Market Overview

    18.2. Eastern Europe Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    19. Russia Automotive Cables Market

    19.1. Russia Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    20. North America Automotive Cables Market

    20.1. North America Automotive Cables Market Overview

    20.2. North America Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    21. USA Automotive Cables Market

    21.1. USA Automotive Cables Market Overview

    21.2. USA Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    22. South America Automotive Cables Market

    22.1. South America Automotive Cables Market Overview

    22.2. South America Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    23. Brazil Automotive Cables Market

    23.1. Brazil Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    24. Middle East Automotive Cables Market

    24.1. Middle East Automotive Cables Market Overview

    24.2. Middle East Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    25. Africa Automotive Cables Market

    25.1. Africa Automotive Cables Market Overview

    25.2. Africa Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

    26. Automotive Cables Market Competitive Landscape And Company Profiles

    26.1. Automotive Cables Market Competitive Landscape

    26.2. Automotive Cables Market Company Profiles

    26.2.1. Sumitomo Corporation

    26.2.1.1. Overview

    26.2.1.2. Products and Services

    26.2.1.3. Strategy

    26.2.1.4. Financial Performance

    26.2.2. Coficab Tunisie SA

    26.2.2.1. Overview

    26.2.2.2. Products and Services

    26.2.2.3. Strategy

    26.2.2.4. Financial Performance

    25.2.3. Leoni

    26.2.3.1. Overview

    26.2.3.2. Products and Services

    26.2.3.3. Strategy

    26.2.3.4. Financial Performance

    26.2.4. Delphi Automotive PLC

    26.2.4.1. Overview

    26.2.4.2. Products and Services

    26.2.4.3. Strategy

    26.2.4.4. Financial Performance

    26.2.5. General Cable

    26.2.5.1. Overview

    26.2.5.2. Products and Services

    26.2.5.3. Strategy

    26.2.5.4. Financial Performance

    27. Key Mergers And Acquisitions In The Automotive Cables Market

    28. Automotive Cables Market Trends And Strategies

    29. Automotive Cables Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion
  • Table 3: Global Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 4: Global Automotive Cables Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 5: Global Automotive Cables Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 6: Global Automotive Cables Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 7: Global Automotive Cables Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 9: China, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 10: India, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 11: Japan, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 12: Australia, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 13: Indonesia, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 14: South Korea, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 15: Western Europe, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 16: UK, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 17: Germany, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 18: France, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 19: Eastern Europe, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 20: Russia, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 21: North America, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 22: USA, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 23: South America, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 24: Brazil, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 25: Middle East, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 26: Africa, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Table 27: Sumitomo Corporation Financial Performance
  • Table 28: Coficab Tunisie SA Financial Performance
  • Table 29: Leoni Financial Performance
  • Table 30: Delphi Automotive PLC Financial Performance
  • Table 31: General Cable Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 3: Global Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 4: Global Automotive Cables Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 5: Global Automotive Cables Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 6: Global Automotive Cables Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 7: Global Automotive Cables Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 8: Asia-Pacific, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 9: China, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 10: India, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 11: Japan, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 12: Australia, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 13: Indonesia, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 14: South Korea, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 15: Western Europe, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 16: UK, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 17: Germany, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 18: France, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 19: Eastern Europe, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 20: Russia, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 21: North America, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 22: USA, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 23: South America, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 24: Brazil, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 25: Middle East, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 26: Africa, Automotive Cables Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Figure 27: Sumitomo Corporation Financial Performance
  • Figure 28: Coficab Tunisie SA Financial Performance
  • Figure 29: Leoni Financial Performance
  • Figure 30: Delphi Automotive PLC Financial Performance
  • Figure 31: General Cable Financial Performance
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