Autonomous Emergency Braking Global Market Report 2023 – By Vehicle Type (Passenger Cars, Commercial Vehicles) , By Brake Type (Disc, Drum), By Technology (Crash Imminent Braking, Dynamic Braking Support), By System (Low Speed AEB System, Higher Speed AEB System, Pedestrian AEB System) – Market Size, Trends, And Global Forecast 2023-2032

Automotive Cables Market Definition

The wholesale and distribution automotive aftermarket refer to the secondary market for the automotive that focuses on the wholesale and distribution of automobiles, their parts and related services after the original equipment manufacturer has sold the automobile to the consumer, whether or not those parts were made by the OEM. The main replacement parts in the wholesale and distribution automotive aftermarket market include tires, batteries, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, and other replacement parts. The tire refers to the wholesale and distribution of automotive tires in the aftermarket. The tire is a robust, flexible rubber casing affixed to a wheel rim. A moving vehicle's wheels benefit from the cushioning and traction that tires offer. Tires can be found on cars, trucks, buses, bicycles, motorbikes, and other automobiles. The different types of products offered in wholesale and distribution automotive aftermarket include genuine parts, certified parts, and uncertified parts. They are distributed through retailers, wholesalers, and distributors channels. The global wholesale and distribution automotive aftermarket market are segmented – 1) By Replacement Part: Tire, Battery, Brake parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Other Replacement Parts 2) By Certification: Genuine Parts, Certified Parts, Uncertified Parts 3) By Distribution Channel: Retailers, Wholesalers, Distributors The global wholesale and distribution automotive aftermarket market size will grow from $212.33 billion in 2022 to $225.27 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. 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 market size of global wholesale and distribution automotive aftermarket is expected to grow to $274.59 billion in 2027 at a CAGR of 5.1%. The growing automotive industry is driving the wholesale and distribution automotive aftermarket market. The automotive industry comprises a diverse group of businesses and institutions engaged in the design, development, production, marketing, and sale of automobiles. Consumers' changing interest and preference motivates automobile manufacturers to manufacture various styles and lines of automobiles. Technological advancement and the rise in economic conditions also lead to growth in the automotive industry. Automotive aftermarket aids the automobile industry by providing the spare parts needed by the customers when they buy a new or existing automobile. For instance, in 2021, according to a report published by the International Energy Agency (IEA), a Paris-based autonomous intergovernmental organization, the worldwide electric car stock reached the 10 million mark in 2020, showing a 43% increase over 2019, following a decade of strong development. Furthermore, in 2021, according to the Society of Indian Automobile Manufacturers (SIAM), a not-for-profit apex national body representing all primary vehicle and vehicular engines, the automotive industry produced a total of approximately 23 million vehicles from April 2021 to March 2022, including passenger cars, commercial trucks, three-wheelers, two-wheelers, and quadricycles, compared to approximately 22.6 million units from April 2020 to March 2021. Therefore, the growing automotive industry is expected to propel the growth of the wholesale and distribution automotive aftermarket market. Major players in the wholesale and distribution automotive aftermarket market are 3M Company, Continental AG, Denso Corporation, Robert Bosch GmbH, Magneti Marelli S.p.A., Delphi Automotive PLC, Federal-Mogul Corporation, The Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, and DRiV Incorporated. The increasing digitalization of automotive repair & maintenance services is a key trend in the wholesale and distribution automotive aftermarket market. Automotive aftermarket product and service producers now provide online platforms for information, guidance, and instruction on proper installation and troubleshooting, as well as digital tools for a product selection like electronic catalogs, video libraries for tutorials and product showcases and video libraries for tutorials. For instance, in September 2021, MAHLE Aftermarket Inc., a Germany-based automotive aftermarket company, introduced an eCatalog to help customers make product choices. This catalog uses digital technology that helps aftermarket users, distributors, and technicians look up and request items from anywhere globally. The site contains a search engine to find the optimum solution based on vehicle application and is divided up by specialty area for quick access to the newest parts. Catalog users can also search for products by passenger car, commercial vehicle, light commercial vehicle (LCV), and power sports manufacturer, model, and kind of vehicle. In February 2021, Goodyear Tire & Rubber Company, a US-based manufacturing company that develops, manufactures, distributes, and sells tires, acquired Cooper Tire & Rubber Company. Through this acquisition, Goodyear will better serve more customers globally and has more scale to support more significant investments in new fleet and mobility solutions. With the union of these two top tire businesses, the global tire industry will gain a more decisive U.S.-based leader with complementary product portfolios, services, and capabilities. Cooper Tire & Rubber Company is a US-based manufacturing company that designs, markets, and distributes replacement automobile and truck tires. North America was the largest region in the wholesale and distribution automotive aftermarket market in 2022. Asia-Pacific is expected to be the fastest-growing region in the wholesale and distribution automotive aftermarket market share during the forecast period. The regions covered in the wholesale and distribution automotive aftermarket market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the wholesale and distribution automotive aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The wholesale and distribution automotive aftermarket market include revenues earned by entities by automotive parts and accessories. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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 wholesale and distribution automotive aftermarket market research report is one of a series of new reports from The Business Research Company that provides wholesale and distribution automotive aftermarket market statistics, including wholesale and distribution automotive aftermarket industry global market size, regional shares, competitors with a wholesale and distribution automotive aftermarket market share, detailed wholesale and distribution automotive aftermarket market segments, market trends and opportunities, and any further data you may need to thrive in the wholesale and distribution automotive aftermarket industry. This wholesale and distribution automotive aftermarket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive brakes and clutches help in the effective control of vehicles. A brake refers to a transmission and control device that stops a moving load and regulates movement. A clutch refers to a transmission and control device that helps with energy transfer from the driver to the driven shaft. The automotive brakes and clutches are used to change the rotational speed of rotating tires of vehicles. The main types of products in the automotive brakes and clutch markets are original equipment manufacturer (OEM) and aftermarket. The original equipment manufacturer refers to the manufacture of systems or components that are used in another company's end product. These automotive components are the official, genuine parts produced directly by your vehicle's maker. The various clutch types include friction clutch, dog clutch, hydraulic clutch, and others, and involve several transmission types such as manual transmission, automatic transmission, and automated manual transmission (AMT), among others. The several applications include passenger cars and commercial vehicles. The global automotive brakes and clutches market is segmented - 1) By Product: Original Equipment Manufacturer (OEM), After Market 2) By Clutch Type: Friction Clutch, Dog Clutch, Hydraulic Clutch, Other Clutch Types 3) By Transmission Type: Manual Transmission, Automatic Transmission, Automated Manual Transmission (AMT), Other Transmission Types 4) By Application: Passenger Car, Commercial Vehicle The global automotive brakes and clutches market size will grow from $24.49 billion in 2022 to $26.4 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. 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 market size of global automotive brakes and clutches is expected to grow to $33.53 billion in 2027 at a CAGR of 6.2%. The thriving automotive industry is expected to propel the growth of the automotive brakes and clutches market going forward. The automotive industry refers to all business activities involved in the production of automobiles, including most components such as engines, bodywork, tires, and batteries. Raising the automotive industry will increase the demand for automotive brakes and clutches as these are the essential parts of vehicles. For instance, according to the Economic Times of India, an India-based daily news provider, in 2020, automobile sales in India register double-digit growth. Vehicle registrations with regional transport offices (RTO) rose 37% to 1,627,975 units. Retail sales of passenger vehicles grew by 12% to 264,342 units for the year 2020. Therefore, the thriving automotive industry is driving the growth of the automotive brakes and clutches market. Major players in the automotive brakes and clutches market are F.C.C. Co. Ltd., BorgWarner, NSK, Com, Valeo Service, Bosch Limited, Brembo SpA, Continental AG, ZF Friedrichshafen AG, Marelli (Magneti Marelli CK Holdings Co. Ltd.), Exedy Corporation, Eaton Corporation, and Aisin Seiki Co. Ltd. Technological innovations have emerged as the key trend gaining popularity in the automotive brakes and clutches market. Major companies operating in the automotive brakes and clutches sector are focused on introducing new technological innovations to sustain their position in the market. For instance, in 2021, Maruthi Suzuki, an India-based vehicle manufacturer, developed S-Assist, an AI (Artificial Intelligence)-based 24-hour virtual car assistant app for Nexa model cars. This AI technology is utilized in automobiles to assist drivers in maintaining safe driving by automatically applying brakes when an object ahead is detected. In November 2021, BREMBO S.P., an Italy-based automotive brake system manufacturing company, acquired J. Juan for a deal amount of $73 million. This acquisition would help Brembo to extend its business in new markets and to become a trusted solution provider. J. Juan is a Spain-based company specializing in designing the braking performance in top-tier bikes all over the world. North America was the largest region in the automotive brakes and clutches market in 2022. The regions covered in the global automotive brakes and clutches market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive brakes and clutches market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive brakes and clutches market consists of sales of basic friction clutch, wet and dry clutches, dual-clutch systems, and electromagnetic and electrohydraulic clutches. 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 automotive brakes and clutches market research report is one of a series of new reports from The Business Research Company that provides automotive brakes and clutches market statistics, including automotive brakes and clutches industry global market size, regional shares, competitors with an automotive brakes and clutches market share, detailed automotive brakes and clutches market segments, market trends and opportunities, and any further data you may need to thrive in the automotive brakes and clutches industry. This automotive brakes and clutches market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive brake systems refer to a system that focuses on slowing down or bringing a vehicle to a halt. It works based on friction as they create resistance to the movement by exerting two objects against each other. Automatic braking systems prevent a vehicle from skidding and help restore traction tires; they also prevent the vehicle's wheels from locking up and avoid accidents. The main types of automotive brake systems are disc brakes and drum brakes. The disc brakes are used in automotive for less brake fade to offer better performance in wet conditions. These brakes use a brake calliper, metal rotor, and brake pads to stop the vehicle. The varoius types of technologies in automotive brake systems include antilock braking systems (ABS), electronic stability control (ESC), traction stability control (TCS), and electronic brakeforce distribution (EBD) that are sold or distributed through original equipment manufacturers (OEM) and aftermarket. The automotive brake systems are suitable for passenger cars, light commercial vehicles (LCV), trucks, and buses. The global automotive brake systems market is segmented - 1) By Product Type: Disc Brakes, Drum Brakes 2) By Technology: Antilock Braking Systems (ABS), Electronic Stability Control (ESC), Traction Stability Control (TCS), Electronic Brakeforce Distribution (EBD) 3) By Sales Channel: Original Equipment Manufacturers (OEMs), Aftermarket 4) By Vehicle Type: Passenger Car, Light-commercial Vehicles (LCV), Truck, Bus The global automotive brake systems market size will grow from $33.37 billion in 2022 to $36.58 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. 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 automotive brake systems market size is expected to grow to $49.51 billion in 2027 at a CAGR of 7.9%. The rising demand for passenger and commercial vehicles is expected to drive the automotive brake systems market. Rapid growth in disposable income among individuals in both developing and developed countries and growing demand for a personal vehicle for daily commute to work has contributed to rapid growth in demand for passenger and commercial vehicles. The rapid growth in demand for passenger and commercial vehicles is expected to the boost utilization of automotive brake systems, as they are a vital component in the manufacturing of automotive vehicles. For Instance, In June 2021, according to a report from OICA (International Organization of Motor Vehicle Manufacturers), global passenger car sales increased from 53 million in 2020 to 56 million. Similarly, commercial vehicle sales increased from 24 million in 2020 to 26 million in 2021. Therefore, the increased demand for passenger and commercial vehicles is expected to boost demand for automotive brake systems market during the forecast period. Major players in the automotive brake systems market are Advics Co Ltd., Aisin Seiki Co Ltd., Akebono Brake Industry Co. Ltd., Brembo SpA, Continental AG, Hitachi Automotive Systems, Robert Bosch GMBH, ZF Friedrichshafen AG, Delphi Technologies, Denso Corporation, Disc Brakes Australia (DBA), Haldex, Halla Mando Corp, Knorr-Bremse AG, Nissin Kogyo Co Ltd., and TVS Brake Linings Co. The new brake technology is a key trend gaining populairty in the automotive brake systems market. The advanced braking system technology such as multi-collision brake systems with instant collision recognition and automatic braking is being installed in vehicles, significantly reducing the danger of secondary accidents. This advanced brake system gives the ability to slow down or stop in an instant to avoid a severe accident. For instance, In April 2021, Germany-based ZF Friedrichshafen, a technology company that supplies systems for passenger cars, commercial vehicles, and industrial technology, launched OnGuardMAX, its advanced autonomous emergency braking system for commercial vehicles in China. It detects, classifies, and reacts autonomously to moving and stationary vehicles, motorcycles, bicycles, and pedestrians. A high-performance image processing module assists this technology with an advanced radar sensor and high-resolution dual-lens camera. In November 2021, Brembo S.p.A, an Italy-based manufacturer of automotive brake systems, acquired J.Juan for an amount of USD 78 million. With this acquisition, the group will complete its range of motorcycle braking system solutions and expand its brand family for the growing motorcycle sector. J.Juan is a Spain-based company involved in developing and manufacturing of motorbike braking systems. Asia-Pacific was the largest region in the automotive brake systems market in 2022. The regions covered in the automotive brake systems market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive brake systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive brake systems market consists of sales of emergency brakes and anti-lock brakes. 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 automotive brake systems market research report is one of a series of new reports from The Business Research Company that provides Automotive brake systems market statistics, including automotive brake systems industry global market size, regional shares, competitors with an automotive brake systems market share, detailed automotive brake systems market segments, market trends and opportunities, and any further data you may need to thrive in the automotive brake systems industry. This automotive brake systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive hydraulic systems refer to power transmission systems that transmit energy or signals through the static or dynamic forces of liquids. This system is considered more accurate than traditional mechanical drive systems because the mechanical system can lose efficiency over time due to friction. These systems use fluids to transfer energy between two points due to the pressure difference. They can store and release energy more efficiently than batteries. The main types of components in the automotive hydraulics system are the master cylinder, slave cylinder, reservoir, and hose. The different vehicle types include passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars use automotive hydraulic systems for a dynamic adjustment in the height of the car. Passenger cars utilize hydraulic braking systems as the most common application of hydraulics. These systems use brake fluid to apply pressure to a braking pad, which then presses against the axel and prevents the car from moving. The various applications include brakes, clutches, suspension, and tappets. The end users are original equipment manufacturers (OEMs) and after-market. The global automotive hydraulics system market is segmented - 1) By Component: Master Cylinder, Slave Cylinder, Reservoir, Hose 2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles 3) By Application: Brake, Clutch, Suspension, Tappet 4) By End User: Original Equipment Manufacturer (OEM), After Market The global automotive hydraulics system market size will grow from $37.59 billion in 2022 to $41.51 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. 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 market size of the global automotive hydraulics system is expected to grow to $58.88 billion in 2027 at a CAGR of 9.1%. Increasing vehicle production is expected to propel the growth of the automotive hydraulics system market going forward. A vehicle is referred to as a means of transportation that is used to transport people and goods. Hydraulic systems can store and discharge energy in vehicles that work more efficiently than electric batteries in vehicles. These systems assist the drivers in reducing the steering effort of vehicles. For instance, according to the India Brand Equity Foundation (IBEF), an India-based export promotion agency, in 2022, 22.93 million vehicles will be produced in India. Therefore, increasing vehicle production is driving the growth of the automotive hydraulics system market. Major players in the automotive hydraulics system market are JTEKT Corporation, ZF Friedrichshafen AG, Toyota Motor Corporation, Aisin Corporation, Schaeffler Technologies AG & Co. KG, BorgWarner Inc., Robert Bosch GmbH, GKN Ltd., Fte Automotive Group, Continental AG, Warner Electric LLC, Altra Industrial Motion Corp, Dantal Hydraulics Pvt Ltd., RR Parkon LLC, and Brakes India Limited. Product innovations are the key trends gaining popularity in the automotive hydraulics system market. Major companies operating in this automotive hydraulics systems sector are focused on developing new product innovations for market growth. For instance, in November 2021, Continental, a Germany-based automotive parts manufacturing company, launched MK C2, electro-hydraulic brake systems. The new system is lightweight with a reduced number of components, simple, powerful, and highly cost-optimized and can be integrated into multi-vehicle platforms. It can generate brake pressure whenever the driver assistance system requires pressure within 150 milliseconds. In May 2020, ZF Friedrichshafen AG, a Germany-based car parts manufacturer, acquired WABCO for an undisclosed amount. Through this acquisition, ZF aimed to advance its commercial vehicle technology portfolio. WABCO is a France-based manufacturer of electronic braking, stability, suspension, and transmission automation systems. Asia-Pacific was the largest region in the automotive hydraulics system market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive hydraulics system market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive hydraulics system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive hydraulic systems market consists of sales of hydraulic pumps, hydraulic motors and cylinders, aviation hydraulic system, open center hydraulic system and closed-loop hydraulic system. 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 automotive hydraulics system market research report is one of a series of new reports from The Business Research Company that provides automotive hydraulics system market statistics, including automotive hydraulics system industry global market size, regional shares, competitors with an automotive hydraulics system market share, detailed automotive hydraulics system market segments, market trends and opportunities, and any further data you may need to thrive in the automotive hydraulics system industry. This automotive hydraulics system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 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 The global automotive cables market size 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 market size of global automotive cables is expected to grow to $7.51 billion in 2027 at a CAGR of 6.9%. The increasing demand for automobiles promotes the growth of the automotive cables market. Automotive cables are used in automobiles for starting, charging, lighting, signaling, and in instrument panel circuits. For instance, battery cables in automotive are used to connect the battery to the car’s electrical system. The increasing demand for automotive will require automotive companies to increase their production and in turn, increase the demand for automotive cables. According to the October 2022 report by the Indian Brand Equity Foundation ( IBEF), an India-based government agency for providing economic information, the total number of passenger vehicles including three-wheelers, two-wheelers, and quadricycles produced in June 2022 was 2,081,148 units. Additionally, the market for passenger cars in India was estimated at US$ 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 cables market is positively impacted by the increase in the demand for automobiles. 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. 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 cables 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. Asia-Pacific was the largest region in the global automotive cables market in 2022. The regions covered in the global aircraft cables market research 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 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.

Passenger car aftermarket refers to services that provide manufacturing, remanufacturing, distribution, retailing, and installation of replacement, equipment, service repair, and automotive accessories. The main types of passenger car aftermarket are tires, batteries, brake parts, filters, body parts, lighting, wheels, exhaust components, turbochargers, and others. A tire, sometimes known as a tire, is a ring-shaped device that covers the rim of a wheel to carry a vehicle's load from the axle to the ground while also providing grip on the surface over which the wheel moves. The different Certifications include genuine parts, certified parts, and uncertified parts and are available through various distribution channels such as retailers (OEMs, repair shops), wholesalers, and distributors. The global passenger cars aftermarket market is segmented - 1) By Type: Tires, Battery, Brake parts, Filters, Body parts, Lighting, Wheels, Exhaust components, Turbochargers, Other Types 2) By Distribution Channel: Retailers (OEM's, Repiar Shops), Wholesalers & Distributors 3) By Certifiations: Genuine Parts, Certified Parts, Uncertified Parts The global passenger cars aftermarket market size grew from $226.33 billion in 2022 to $238.18 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. 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 market size of the global passenger cars aftermarket is expected to grow from $290.21 billion in 2027 at a CAGR of 5.1%. Increasing the average lifespan of a car is one of the major drivers of the passenger car aftermarket market as it leads to an increase in consumers’ regular maintenance and scheduled servicing of the vehicle. The lifespan of the car describes the maximum service life in terms of mileage and time. Changing wheels, batteries, spark plugs, and air filters play a significant role in prolonging the life of a vehicle. According to IHS automotive Markit in 2021, the typical age of cars on the road in the US increased to 12.1 years from 11.9 years old in 2020. Thus, increasing the average lifespan of a car is propelling a passenger car aftermarket market. Major players in the passenger car aftermarket market report are Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company, Delphi Automotive PLC., ZF friedrichshafen AG, Magneti Marelli S.p.A, Cooper tire & Rubber Company, Federal -Mogul Corporation, Goodyear tire & rubber company, Aisin Seiki Co., Valeo, Sumitomo Electric Industries Ltd., Aptiv PLC., MAHLE GmbH, Schaeffler AG, ACDelCo., Mobileye, Eaton, Schaeffler Technologies AG, Lear Corporation, Yazaki Corp., Akebono Brake Corporation, American Axle & Manufacturing, Bridgestone Corporation, Gates Corporation, Hyundai Mobis Co. Ltd., Kumho Tires, Exide Technologies and Pirelli & C. S.p.A. Many companies are offering extended warranties to third parties on vehicle parts or services which in turn is hampering the growth of independent service providers. Extended warranties are given on a vehicle part/service to increase the lifetime of a vehicle which leads to free service or discounts for the consumer. Since all warranty repairs are performed by the OEM (Original Equipment Manufacturers) only, the aftermarket sales and services market which is generated majorly from dealer service centers suffers a loss. According to the Motor & Equipment Manufacturers Association (MEMA), in California for all light-duty vehicles extended warranties did not affect independent repair shops. The passenger car aftermarket market is using 3D printing technology also called Additive Manufacturing (AM) to make high-quality off-the-shelf car parts using 3D printers that are capable of printing in metals and alloys. 3D printing works by making a virtual 2D object in the software and constructing the 3D framework by using the printer. The use of 3D printing in producing automobile parts increases efficiency and raises the production standards of companies. Companies (original equipment manufacturers) such as General Motors, BMW, Ford, and Porsche have already started investing in this trend. The industry is regulated by several regulations governed by multiple international and country-specific agencies. One example of a such regulatory body is the National Highway Traffic Safety Administration (NHTSA) of the U.S. Standard number 108 of section 571 under Title -49 "Transportation" mentioned in the Code of Federal Regulations (CFR), states the requirements for original and replacement lamps, reflective devices, and associated lighting equipment for passenger cars as well as other multipurpose passenger vehicles. As defined in CFR, the purpose of section 571 is to set regulatory standards relating to lighting equipment in vehicles to be followed by motor vehicles including passenger cars. The standards also specify points where equipment such as Headlamps should be mounted in vehicles to make them easily visible on public roads both in daylight and in darkness or other conditions of reduced visibility thus reducing traffic accidents and deaths and injuries. In October 2021, Motus, Toyota, a South Africa-based automotive company, acquired FAI Automotive PLC. As a result of the acquisition, Motus will strengthen its international presence in the UK and expand its aftermarket parts business. FAI Automotive plc is a UK-based distributor of premium aftermarket automotive components. It is a leading supplier of high-quality engine and chassis components to the UK and international aftermarket, providing repair solutions for a wide range of vehicles Asia-Pacific was the largest region in the passenger car aftermarket market in 2022. North America was the second-largest region in the global passenger car aftermarket market share. The regions covered in the global passenger car aftermarket market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the passenger car aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The passenger car aftermarket market includes revenues earned by entities by providing services such as manufacturing, distribution, retailing, installation, and remanufacturing of all vehicle parts and accessories. Revenues include fees, interest payments, commissions or transaction charges. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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 specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales along the supply chain or as part of other products. The passenger car aftermarket market research report is one of a series of new reports from The Business Research Company that provides passenger car aftermarket market statistics, including passenger car aftermarket industry global market size, regional shares, competitors with a passenger car aftermarket market share, detailed passenger car aftermarket market segments, passenger car aftermarket market market trends and opportunities, and any further data you may need to thrive in the passenger car aftermarket industry. This passenger car aftermarket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, supply, retail, and installation of all vehicle parts, tools, machines, and accessories for light and heavy vehicles, after the sale of the automobile by the OEM (original equipment manufacturer). Aftermarket parts, also called generic parts or non-OEM parts, are made by a manufacturer other than the vehicle's original manufacturer. These parts perform the same function as the original part and can be utilized as a replacement for original parts during repair and maintenance. The main product types in the automotive aftermarket market are tires, batteries, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, and turbochargers. These products are used in the maintenance and repair process of automobiles. By certification outlook, the main types of automotive aftermarket products are genuine parts, certified parts, and uncertified parts. Automotive aftermarket products are mainly used in passenger cars and commercial vehicles. These products are mainly sold through offline and online distribution channels. The global automotive aftermarket market is segmented – 1) By Types: Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Turbochargers 2) By Vehicle Type: Passenger Cars, Commercial Vehicles 3) By Certification Outlook: Genuine Parts, Certified Parts, Uncertified Parts 4) By Distribution Channels: Offline Distribution Channel, Online Distribution Channel The global automotive aftermarket market size will grow from $352.39 billion in 2022 to $411.81 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. 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 size of automotive aftermarket market is expected to grow to $727.99 billion in 2027 at a CAGR of 15.3%. Increasing sales of pre-owned and new vehicles are driving the automotive aftermarket market. For instance, as of 2021, consumers’ preference to purchase cars has almost reached pre-COVID-19 levels, mainly supported by demand in the United States and China, with new cars at 94% and used cars at 97% compared to pre-COVID-19 levels. In addition, there has been a significant increase in purchase intent for electric vehicles. So, the increasing preference for new and pre-owned vehicles is driving the demand for automotive aftermarket. Major players in the automotive aftermarket market are 3M Multinational conglomerate company, Continental AG, Delphi Automotive PLC, Federal-Mogul Corporation, COOPER TIRE & RUBBER COMPANY, Magneti Marelli S.p.A., Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, AISIN SEIKI CO., LTD., Royal Dutch Shell PLC, Lear Corporation, Exide Technologies, Inc., Johnsons Controls Inc., and Goodyear Tire & Rubber Company. Technology advancement is a key trend gaining popularity in the automotive aftermarket market. Automotive aftermarket companies are increasingly using digital technologies and going online. For instance, in 2020, Continental, a technology company offering solutions to the automotive industry, introduced a online portal for the automotive aftermarket. It helps to easily identify the suitable spare parts from the range of offer by workshops and dealers. In 2021, Spiffy, a mobile car care, technology, and services company, announced a partnership with RepairPal, an auto repair network. With this partnership, Spiffy fleet customers can access independent auto repair shops in RepairPal’s network. RepairPal’s is a US-based company that offers car owners with free car repair estimation and relates them with reliable shops that accurate fair prices, quality parts. Asia-Pacific was the largest region in the automotive aftermarket market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Automotive Aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive aftermarket includes revenue earned by entities by vehicle parts, equipment, replacement tires, service repair, collision repair and accessories. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. 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 automotive aftermarket research report is one of a series of new reports from The Business Research Company that provides automotive aftermarket statistics, including automotive aftermarket industry global market size, regional shares, competitors with automotive aftermarket share, detailed automotive aftermarket segments, market trends and opportunities, and any further data you may need to thrive in the automotive aftermarket industry. This automotive aftermarket research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.