#Automotive Electric Motor Market Analysis

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Automotive Electric Motor Market 2024 is Blossoming Worldwide by 2030

The Automotive Electric Motor Market Research Report 2024 begins with an overview of the market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that gives closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behaviour, pricing factors and market performance and estimation and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Automotive Electric Motor Market scenario, and feasibility study are the vital aspects analysed in this report.

The automotive electric motor market is expected to grow at a 6.5% CAGR from 106.3 USD Billion in 2023 to 182.7 USD Billion in 2030.

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Electric Mobility Market: Growing at a CAGR of 29.90% From 2024–2032

Electric Mobility Market Size Was Valued at USD 435.16 Billion in 2023, and is Projected to Reach USD 4582.80 Billion by 2032, Growing at a CAGR of 29.90% From 2024-2032.

Electric mobility has steadily become popular in the market over the past years due to the favorable polices, Advanced technology, and pro – environment efforts.. Cars, buses, motorcycles and scooters, batteries, charging points and many others forms part of this relatively new and rapidly growing sector. Some of the big names of auto manufacturers, tech giants and a couple of emerging players are among those who are seeking to capture a share of this fast growing market.

The use of vehicles such as cars, e-bikes, buses, trucks, and motorcycles to provide transportation is referred to as electric mobility. This kind of mobility offers a solution for both short travels and light loads as well as for lengthy trips and big loads. People's quality of life is enhanced by electric mobility because it doesn't release harmful gases. Because they don't have internal combustion engines, electrical vehicles reduce greenhouse gas emissions by tons, thereby assisting in the fight against global warming. Due to the release of hazardous gases, the majority of people worldwide are more conscious of climate change. They favor electric automobiles over gasoline-powered vehicles as a result. Sales of electric vehicles are expanding quickly as a result of rising automotive electrification and an evolving electrical car economy.

What are the segments of the Electric Mobility Market?

The Electric Mobility Market is segmented into By Product, By Drive, By Battery, By End-user and region. By Product, the market is categorized into Electric Bikes,Electric Scooters, Electric Motorized Scooters and Electric Motorcycles. By Drive, the market is categorized into Belt Drive, Chain Drive and Hub Drive. By Battery, the market is categorized into Lead Acid Battery, Li-Ion Battery and Others. By End-user, the market is categorized into Personal and Commercial. 

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Who are the key players in the Electric Mobility Market?

BMW Motorrad International; Gogoro, Inc.; Honda Motor Co. Ltd.; KTM AG; Mahindra Group; Ninebot Ltd.; Suzuki Motor Corporation; Terra Motors Corporation; Vmoto Limited ABN; Yamaha Motor Company Limitedand Other Major Players.

Segmentation Analysis of the Electric Mobility Market:

By Product Type, Electric cars have surged to dominance in the electric mobility market due to their expanding range, improved charging infrastructure, and eco-friendly image. With advancements in battery technology and increasing consumer interest, electric cars have become a compelling choice, outpacing other electric mobility options.

By Battery Type, The lithium-ion battery segment accounted for the highest growth of the Electric Mobility Market. The increasing awareness about eco-friendly batteries and the rising investments in lithium-ion battery packs are expected to drive the segment’s growth. For instance, in December 2022, Neuron Energy Private Limited, a manufacturer of lithium-ion battery packs for electric two- and three-wheelers, stated its intent to invest INR 50 crore (USD 6 million) in this market.

Market Dynamics and Factors for Electric Mobility Market:

Drivers:

Increasing Adoption of the Electrical Vehicles

The increasing adoption of electric vehicles (EVs) serves as a significant growth driver for the electric mobility market. As concerns about environmental sustainability and fossil fuel depletion mount, consumers are shifting towards EVs, driven by their lower emissions and reduced reliance on traditional fuels. This trend spurs innovation in EV technology, charging infrastructure, and energy storage, fostering a competitive market landscape. The government's incentives and regulations further bolster this transition, propelling the growth of the electric mobility sector in a more sustainable direction.

Opportunities:

Electric Mobility Improves Employee Wellbeing

The introduction of novel and appealing electric vehicle models by the automotive industry presents a significant opportunity for the electric mobility market. These innovative offerings not only cater to evolving consumer preferences but also stimulate adoption by addressing range anxiety, performance concerns, and style preferences. This diversification of options encourages wider acceptance of electric vehicles, accelerates the transition to sustainable transportation, and fuels the growth of the electric mobility sector.

Reasons To Buy Report

The report offers in depth analysis of the market by providing the definition, application and classifications.

The SWOT analysis and strategies of each vendor in the market in provided in the report.

The offers comprehensive insights into current industry trends, trend forecast and growth drivers.

The report provides a detailed overview of the vendor landscape, competitive analysis and key market strategies to gain competitive landscape

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Automotive Electric Turbocharger Market To Witness the Highest Growth Globally in Coming Years

The report begins with an overview of the Automotive Electric Turbocharger Market 2025 Size and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Automotive Electric Turbocharger Market scenario, and feasibility study are the important aspects analyzed in this report.

The Automotive Electric Turbocharger Market is experiencing robust growth driven by the expanding globally. The Automotive Electric Turbocharger Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automotive Electric Turbocharger Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing. The size of the global automotive electric turbocharger market was $0.13 billion in 2019 and is expected to reach $0.11 billion by 2027, with a CAGR of 14% over the forecast period.

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Key Strategies

Key strategies in the Automotive Electric Turbocharger Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Automotive Electric Turbocharger Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Automotive Electric Turbocharger Market.

Major Automotive Electric Turbocharger Market Manufacturers covered in the market report include:

Garrett Motion (Rolle, Switzerland)

Continental AG (Hanover, Germany)

Aptiv PLC (Dublin, Ireland)

ABB (Zurich, Switzerland)

Cummins Inc. (Columbus, US)

Ningbo Motor Industrial Co. Ltd. (Ningbo, China)

Precision Turbo and Engine Inc. (Indiana, US)

Robert Bosch GmbH (Gerlingen, Germany)

Mahle (Stuttgart, Germany)

Rotomaster International (Canada)

Mitsubishi Heavy Industries. Ltd (Tokyo, Japan)

IHI Corporation (Tokyo, Japan)

Kompressorenbau Bannewitz GmbH (Bannewitz, Germany)

Fuyuan Turbocharger Co, Ltd (Beijing, China)

Marelli Corporation (Tokyo,Japan)

Turbo Dynamics (Dorset, England)

Globally, the volume of vehicles is tremendously increasing since the few past years. The high demographic rate, increasing urbanization, improvement in the standard of living, expansion of the industrial sector, and developing infrastructures are considered to be the major factors for the rapid growth of the automotive industry. All these factors have resulted in the growth of disposable income of people which is encouraging them to purchase new vehicles. The young generation is more attracted towards the fuel efficient, light weight and high performance vehicles which is creating high demand for high-speed vehicles and sports cars.

Trends Analysis

The Automotive Electric Turbocharger Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Automotive Electric Turbocharger Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Automotive Electric Turbocharger Market Solutions.

Regions Included in this Automotive Electric Turbocharger Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Automotive Electric Turbocharger Market.

- Changing the Automotive Electric Turbocharger Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Automotive Electric Turbocharger Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Automotive Electric Turbocharger Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2025 to 2032?

► What are the key market dynamics influencing growth in the Global Automotive Electric Turbocharger Market?

► Who are the prominent players in the Global Automotive Electric Turbocharger Market?

► What is the consumer perspective in the Global Automotive Electric Turbocharger Market?

► What are the key demand-side and supply-side trends in the Global Automotive Electric Turbocharger Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Automotive Electric Turbocharger Market?

Table Of Contents:

1 Market Overview

1.1 Automotive Electric Turbocharger Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook 

1.4.1.2 Canada Market States and Outlook 

1.4.1.3 Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook 

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook 

1.4.2.5 Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook 

1.4.3.3 Korea Market States and Outlook 

1.4.3.4 India Market States and Outlook 

1.4.3.5 Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook 

1.4.4.3 Saudi Arabia Market States and Outlook 

1.4.4.4 South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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Power Electronics Market Size, Share And Trends Analysis Report

The global power electronics market size is expected to reach USD 53.66 billion by 2030, registering to grow at a CAGR of 5.2% from 2024 to 2030 according to a new report by Grand View Research, Inc. Increased focus on the usage of renewable energy sources has been one of the major factors driving the market. In addition, the development of power infrastructure, coupled with the increasing demand for battery-powered portable devices, has led to the increased adoption of power electronic devices and products across various industry verticals such as power, automotive, communication, aerospace & defense, consumer electronics, and other sectors.

Power electronic devices use switching electronic circuits to regulate the flow of energy. They are also used in the alteration of electric power, which is usually performed by semiconductor devices such as diodes, transistors, and thyristors. Power electronic devices are useful in connecting renewable energy resources with power grids and transportation of energy. They have applications in electric trains, motor drives, and lighting equipment and play a key role by enabling heat sinking and soft starting of the motors.

The power electronics market is extensively consolidated, in terms of applications and materials that are used to produce power electronic devices. The advancements and exhaustive research & development activities in the power devices have enabled the evolution of power electronics. The market possesses significant potential for growth and is dynamic and adaptive in nature. A few highlighting features of the power electronic devices are durability against coarse environmental conditions, extended life (suitable for rugged industrial applications), and better efficiency & reliability.

The power electronics industry has been undergoing continuous developments and upgrades, since its emergence. Several factors, such as the rapid inception of renewable energy sources and rising adoption of electric vehicles & radio communication, are influencing the market growth. The adoption of power electronic devices in healthcare systems & instruments and the automotive industry is expected to drive the market over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Power Electronics Market

Power Electronics Market Report Highlights

• The global power electronics market was valued at USD 38.12 billion in 2023 and is expected to grow at a CAGR of 5.2% from 2024 to 2030

• The silicon (Si) segment held the largest market revenue share of 88.9% in 2023. The demand for silicon in the power electronics market is increasing due to its essential properties that meet the growing needs of high-efficiency and high-performance applications. Silicon's ability to withstand high temperatures and voltages and its superior electrical conductivity and thermal stability make it suitable for power devices like transistors, diodes, and integrated circuits

• IC segment dominated the market in 2023. The increasing utilization of smart systems and electric vehicles due to technological progress boosts the need for power electronics. These gadgets depend on effective power transformation and management systems supplied by ICs.

• Automotive segment is projected to grow at the fastest CAGR over the forecast period. The shift towards electric vehicles (EVs) and hybrid vehicles is a primary driver, as these vehicles rely heavily on power electronics for efficient energy management, battery charging, and motor control.

Power Electronics Market Segmentation

Grand View Research has segmented the global power electronics market based on material, device, application, and region:

Power Electronics Material Outlook (Revenue, USD Million, 2018 - 2030)

• Silicon (Si)

• Sapphire

• Silicon Carbide (SiC)

• Gallium Nitride (GaN)

• Others

Power Electronics Device Outlook (Revenue, USD Million, 2018 - 2030)

• Discrete

• Module

• IC

Power Electronics Application Outlook (Revenue, USD Million, 2018 - 2030)

• ICT

• Consumer Electronics

• Power

• Industrial

• Automotive

• Aerospace & Defense

• Others

Power Electronics Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U. S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o Japan

o China

o India

o Australia

o South Korea

• Latin America

o Brazil

• Middle East and Africa (MEA)

o UAE

o Saudi Arabia

o South Africa

Order a free sample PDF of the Power Electronics Market Intelligence Study, published by Grand View Research.

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Automotive Wires Market- Opportunity Analysis & Industry Forecast, 2024–2030

Automotive Wires Market Overview:

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Automotive wire demand is expected to rise due to the growing trend of lightweight passenger automobiles as a means of reducing carbon emissions. In response to stringent regulations aimed at reducing carbon emissions from automobiles, manufactures will concentrate on producing aluminium automotive wires to reduce the vehicle’s overall weight. This is going to help in achieving the new regulations criteria. The rising focus on enhancing the standards for automotive wire will give opportunities for market expansion. For instance, according to US Auto Outlook 2024, light vehicle sales to grow 3.7% above last year’s level, rising to 16.1 million units. Additionally, the demand for automotive wires is expected to rise in parallel with the volume of vehicles being produced and the increasing demand from customers for better comfort, safety, and convenience.

Market Snapshot

Automotives Wires Market — Report Coverage:

The “Automotive Wires Market Report — Forecast (2024–2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Automotives Wires Market.

AttributeSegment

By Material

· Copper

· Aluminium

· Others

By Vehicle Type

· Passenger Vehicles

· Light Commercial Vehicles

· Heavy Commercial Vehicles

By Propulsion

· ICE Vehicles

· Hybrid Vehicles

· Pure Electric Vehicles

By Transmission Type

· Electric wiring

· Data Transmission

By Application

· Engine wires

· Chassis wires

· Body and Lighting wires

· HVAC wires

· Dashboard / Cabin wires

· Battery wires

· Sensor wires

· Others

By End User

· OEM

· Aftermarket

By Geography

· North America (U.S., Canada and Mexico)

· Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

· Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

· South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

· Rest of the World (Middle East and Africa).

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COVID-19 / Ukraine Crisis — Impact Analysis:

The COVID-19 pandemic disrupted global supply chains, leading to delays in production and sales of automobiles which led to decrease in automotive wire manufacturing. Governments worldwide imposed lockdowns and restrictions, which led to shut down of mines, factories, and transportation networks, thus disrupting the supply of raw materials such as copper and aluminum, that are used in making automotive wires.

The Russia-Ukraine war had a huge impact on the global automotive wires market. Ukraine is a major manufacturer of copper, a material used as an automotive wiring component. The war has led to mining disruptions, which in turn has caused the shortages and increase in prices globally.

Key Takeaways:

Copper wires segment is Leading the Market

Copper wires segment holds the largest share in the automotive wires market with respect to market segmentation by material. Electrification will be the biggest driver to copper demand for vehicles. Copper is used throughout electric vehicle powertrains, from foils in each cell of the battery to the windings of an electric motor. In total, each electric vehicle can generate over 30kg of additional copper demand. According to a report by IDTechEx, the demand for copper from the automotive industry was just over 3MT in 2023 but is set to increase to 5MT in 2034. Because of its electrical and chemical characteristics, copper is used in every part of the battery. There are lot of tiny cells in the battery, and each one has a copper foil to carry electricity out of the cell. Large copper bars placed throughout the battery also convey the energy from each cell to the high-voltage connections, which in turn power the motor and electronics. Such parts and components with the copper are driving the market growth of copper wires in automotive wires market.

Passenger Vehicles are Leading the Market

Passenger Vehicles segment is leading the Automotive Wires Market by Application. The passenger vehicle category is currently holding the largest share in the automotive wires market because of a combination of factors including large production volumes, a wide range of wiring requirements, technological developments, and the increasing adoption of electric vehicles. For instance, according to Global and EU Auto industry 2023 report by The European Automobile Manufacturers’ Association (ACEA), European car production grew substantially, reaching nearly 15 million units, marking a significant year-on-year improvement of 12.6%. The growing popularity of electric vehicles (EVs) is also contributing to the growth of the passenger vehicle segment in the automotive wires market. EVs have more complex wiring systems due to the integration of batteries, motors, and charging infrastructure.

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Integration of Smart Systems in Automobiles

Global demand for automotive wires is primarily driven by the integration of smart systems in automobiles. Modern automobiles have more wires because electronic control units (ECUs) are becoming more and more popular. Each ECU has been connected to a variety of sensors, actuators, and other ECUs through a complex network of connections. Automotive manufacturers are using sophisticated wiring solutions, such as light-weight harnesses, insulated cables and high-temperature-resistant wires to manage the rising number of connections and ensure reliable performance. For instance, In July 2024, Compal Electronics Inc, a leading contract electronics manufacturer from Taiwan, announced plans to build its first European factory in Poland. The company intends to invest more than $15.4 million to target automotive electronics clients. This strategic move marks Compal’s expansion into the European market. The need for complex and more advanced wiring solutions will continue to grow as automobiles become more technologically advanced, fueling the worldwide automotive wires market’s expansion.

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Fluctuating cost of materials to hamper the market

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Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Automotive Wires Market. The top 10 companies in this industry are listed below:

Aptiv plc

Yazaki Corporation

Furukawa Electric Co., Ltd

Sumitomo wiring systems

Nexans SA

Fujikura Ltd

Samvardhana Motherson International Ltd

Leoni AG

Lear Corporation

THB Electronics

Scope of the Report:

Report MetricDetails

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5.7%

Market Size in 2030

$ 6.8 Billion

Segments Covered

By Material, By Vehicle Type, By Propulsion, By Transmission Type, By Application, By End User and By Geography.

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

1. Aptiv plc

2. Yazaki Corporation

3. Furukawa Electric Co., Ltd

4. Sumitomo wiring systems

5. Nexans SA

6. Fujikura Ltd

7. Samvardhana Motherson International Ltd

8. Leoni AG

9. Lear Corporation

10. THB Electronics

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Global Plastic Injection Molding Machine Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2030

An Injection molding machine, also known as an injection press, is a machine for manufacturing plastic products by the injection molding process. It consists of two main parts, an injection unit and a clamping unit. Machines are classified primarily by the type of driving systems: hydraulic, electric, or hybrid. Instead of being driven by a hydraulic system, all-electric machines use digitally controlled, high speed and highly efficient servo motors to drive the whole process. Each axis is controlled by an independent motor for injection, extruder, clamping and ejection. According to our (Global Info Research) latest study, the global Plastic Injection Molding Machine market size was valued at USD 10370 million in 2022 and is forecast to a readjusted size of USD 12560 million by 2030 with a CAGR of 2.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. From the analysis of product segment, small and medium-sized models (clamping force ≤ 650 tons) occupy more than 90% of the market. Injection molding machines are mainly used in general plastics industry, automotive industry and home appliance industry. Haitian International, ENGEL Holding GmbH, ARBURG GmbH, Sumitomo Heavy Industries, Milacron, Wittmann Battenfeld, Fanuc, Toshiba, Nissei Plastic, Husky, JSW Plastics Machinery, Toyo, Chenhsong, Yizumi, LK Technology, Cosmos Machinery, Tederic, UBE Machinery and Windsor are the key manufacturters of Plastic Injection Molding Machine. This report is a detailed and comprehensive analysis for global Plastic Injection Molding Machine market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Clamping Force and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Sample Request: https://www.reportsintellect.com/sample-request/2911740 Key Features Global Plastic Injection Molding Machine market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2019-2030 Global Plastic Injection Molding Machine market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2018-2029 Global Plastic Injection Molding Machine market size and forecasts, by Clamping Force and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2019-2030 Global Plastic Injection Molding Machine market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (USD/Unit), 2019-2030

Inquire Request: https://www.reportsintellect.com/discount-request/2911740 The Primary Objectives in This Report Are: To determine the size of the total market opportunity of global and key countries To assess the growth potential for Plastic Injection Molding Machine To forecast future growth in each product and end-use market To assess competitive factors affecting the marketplace This report profiles key players in the global Plastic Injection Molding Machine market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Haitian International, ENGEL Holding GmbH, ARBURG GmbH, Sumitomo Heavy Industries and Milacron, etc. This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence. Market Segmentation Plastic Injection Molding Machine market is split by Clamping Force and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Clamping Force, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets. Market segment by Clamping Force Below 250T 250-650T Above 650T Market segment by Application Automotive Home Appliance General Plastic Others Major players covered Haitian International ENGEL Holding GmbH ARBURG GmbH Sumitomo Heavy Industries Milacron Wittmann Battenfeld Fanuc Toshiba Nissei Plastic Husky JSW Plastics Machinery Toyo Chenhsong Yizumi LK Technology Cosmos Machinery Tederic UBE Machinery Windsor Market segment by region, regional analysis covers North America (United States, Canada and Mexico) Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe) Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia) South America (Brazil, Argentina, Colombia, and Rest of South America) Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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India Soft Magnetic Material Market Scope, Analysis, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Soft Magnetic Material Market size by value at USD 515.2 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Soft Magnetic Material Market size to expand at a CAGR of 5.40% reaching a value of USD 735.9 million by 2030. The growth of Soft Magnetic Material Market in India is propelled by the burgeoning electric and hybrid vehicles market, expanding renewable energy infrastructure, and technological advancements are driving the demand for soft magnetic materials in India. Soft magnetic materials, renowned for their superior magnetic properties, are indispensable in motor applications, enhancing efficiency and performance. The growing adoption of advanced automotive components and the increasing use of soft magnetic materials in electric vehicles are further propelling the growth of India Soft Magnetic Material Market in the coming years.

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Impact of Escalating Geopolitical Tensions on India Soft Magnetic Material Market

India Soft Magnetic Material Market may face significant challenges from intensifying geopolitical tensions across the world. Increased trade barriers, import restrictions, and supply chain disruptions could lead to higher raw material costs and hinder technological advancements. Moreover, geopolitical instability may limit foreign investments and disrupt global manufacturing networks, potentially slowing down production and increasing operational costs.

Motors Segment Leads India Soft Magnetic Material Market by Application

Motors dominate India Soft Magnetic Materials Market by application. due to their widespread use in automotive, industrial, and consumer electronics applications. Soft magnetic materials enhance motor performance by optimizing magnetic flux and reducing energy losses. The increasing adoption of electric and hybrid vehicles, as well as the growing demand for high performance motors in various industrial sectors, is further driving the motors segment in the market. The other major application segments in India Soft Magnetic Material Market include transformers, generators, inductors, electromagnetic shields, actuators and sensors.

Competitive Landscape

India Soft Magnetic Material Market is highly fragmented, with numerous players serving the market. The key players dominating India Soft Magnetic Material Market include Proterial (India) Private Limited, Delta Manufacturing Ltd, Ashvini Magnets Pvt Ltd, Kumar Magnet Industries, Parmanu Dhatu Nigam, Permanent Magnets Ltd (PML), Nomax Electrical Steel Pvt Ltd, Cosmo Ferrites Limited, and CIE Automotive India. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

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Automotive Induction Motor Market size is expected to reach USD 32.44 Bn. by 2030, at a CAGR of 4.8% during the forecast period.

Market Drivers

Due to strict regulations imposed on the car industry, which incorporate both active and passive safety systems, standards for road and automotive safety are becoming more severe. Every car must have ABS and ECS installed, which increased demand for electric vehicles. Vehicle ABS, EHC, and brake assist motors operate more reliably and with a higher power density thanks to motors. All vehicles, even hybrid and electric ones, have this technology installed.

[rushikesh-d]

Automotive Electric Vacuum Pump Market To Witness the Highest Growth Globally in Coming Years

The report begins with an overview of the Automotive Electric Vacuum Pump Market 2025 Size and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Automotive Electric Vacuum Pump Market scenario, and feasibility study are the important aspects analyzed in this report.

The Automotive Electric Vacuum Pump Market is experiencing robust growth driven by the expanding globally. The Automotive Electric Vacuum Pump Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automotive Electric Vacuum Pump Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing. The size of the global automotive electric vacuum pump market was valued at $1.11 billion in 2018 and is projected to reach $2.40 billion by 2026, with a CAGR of 10.2% during the year. forecast period.

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Key Strategies

Key strategies in the Automotive Electric Vacuum Pump Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Automotive Electric Vacuum Pump Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Automotive Electric Vacuum Pump Market.

Major Automotive Electric Vacuum Pump Market Manufacturers covered in the market report include:

Hella GmbH & Co. KGaA

Rheinmetall Automotive AG

Continental AG

Youngshin Precision Co., Ltd.

Tuopu Group

Mikuni Corp.

Robert Bosch GmbH

The key factor fueling the automotive electric vacuum pump market growth is the improved fuel efficiency of vehicles via the adoption of automotive EVPs. It can be switched on and off according to demand. Hence, the excessive energy consumption of idling mechanical pumps can be averted. On-demand pump operation, moreover, contributes to potentially longer service life for the pump while increasing the life of the motor. The absence of a mechanical pump also reduces the load on the engine lubrication system, as no extra oil is required for lubricating the vacuum pump. This can allow a more compact design of the pump, which in turn boosts engine efficiency. Averting improper braking, even in unfavorable driving conditions, reduces excessive CO2 emissions and thus preserves fuel, which improves the fuel efficiency of a vehicle.

Trends Analysis

The Automotive Electric Vacuum Pump Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Automotive Electric Vacuum Pump Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Automotive Electric Vacuum Pump Market Solutions.

Regions Included in this Automotive Electric Vacuum Pump Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Automotive Electric Vacuum Pump Market.

- Changing the Automotive Electric Vacuum Pump Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Automotive Electric Vacuum Pump Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Automotive Electric Vacuum Pump Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2025 to 2032?

► What are the key market dynamics influencing growth in the Global Automotive Electric Vacuum Pump Market?

► Who are the prominent players in the Global Automotive Electric Vacuum Pump Market?

► What is the consumer perspective in the Global Automotive Electric Vacuum Pump Market?

► What are the key demand-side and supply-side trends in the Global Automotive Electric Vacuum Pump Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Automotive Electric Vacuum Pump Market?

Table Of Contents:

1 Market Overview

1.1 Automotive Electric Vacuum Pump Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook 

1.4.1.2 Canada Market States and Outlook 

1.4.1.3 Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook 

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook 

1.4.2.5 Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook 

1.4.3.3 Korea Market States and Outlook 

1.4.3.4 India Market States and Outlook 

1.4.3.5 Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook 

1.4.4.3 Saudi Arabia Market States and Outlook 

1.4.4.4 South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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A Deep Dive into the North America Electric Vehicles Market: Insights and Analysis

The North America electric vehicles market size is anticipated to reach USD 60.53 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 10.0% from 2025 to 2030. Favorable initiatives to promote the adoption of electric vehicles coupled with rising crude oil prices are anticipated to drive the demand for Electric Vehicles (EVs). Electric vehicles generate power using an electric motor instead of an internal combustion engine that burns a mix of fuels and gases for power generation. The increasing advantages of electric vehicles over conventional vehicles such as zero fuel emission, better performance, and lower total cost of ownership are expected to contribute to the growing demand for electric vehicles in the coming years.

The growing preference for electric vehicles is prompting leading automotive manufacturers to launch electric vehicles. For instance, General Motors, a U.S.-based automotive company, has announced its plan to launch electric vehicles for personal use in the next few years. By 2025, the company will launch 30 EVs worldwide, and around two-third will be available in North America. The market's lucrative nature is expected to encourage more conventional vehicle manufacturers to shift into the electric vehicle space.

The outbreak of the COVID-19 pandemic has changed the overall business scenario for 2020 as well as for the next few years to come. Several industries and industry verticals have witnessed a significant setback due to the pandemic, and the automobile industry is no exception to that. The slumped business scenario has negatively impacted the production and sales of electric vehicles across North America. The electric bus sales in North America in 2020 totaled around 500 units, which was significantly lesser units recorded in 2019, registering a year-on-year decline of over 10% primarily due to the pandemic. However, with increasing government initiatives to adopt electric vehicles, the market is likely to witness significant growth over the forecast period.

Gather more insights about the market drivers, restrains and growth of the North America Electric Vehicles Market

North America Electric Vehicles Market Report Highlights

• In terms of product, the PHEV segment is estimated to register the highest CAGR of over 35% from 2025 to 2030 owing to the increasing demand for electric buses and trucks across the logistics and transportation industry

• In terms of vehicle type, the PCLT segment emerged as the largest segment in 2024 and is anticipated to retain its dominance over the forecast period

• Canada is projected to register the fastest CAGR exceeding 40% from 2025 to 2030 as the government in the country is focused on advancing the programs to support electric vehicle adoption

North America Electric Vehicles Market Segmentation

Grand View Research has segmented the North America electric vehicles industry report based on product type, vehicle type, and country.

North America Electric Vehicles Product Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

• Battery Electric Vehicle (BEV)

• Plug-In Hybrid Electric Vehicle (PHEV)

North America Electric Vehicles Vehicle Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

• PCLT

o Passenger Cars

o Light Trucks

• Commercial Vehicle

North America Electric Vehicles Country Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

• U.S.

• Canada

• Mexico

Order a free sample PDF of the North America Electric Vehicles Market Intelligence Study, published by Grand View Research.

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Global Light Duty Vehicle Market Growth Dynamics, Trends, and Future Prospects to 2030

The Light Duty Vehicle market is expected to grow from USD 666.22 Billion in 2024 to USD 1075.55 Billion by 2030, at a CAGR of 8.31% during the forecast period.

The light-duty vehicle (LDV) market is a critical segment of the global automotive industry, encompassing passenger cars, vans, and small trucks with a gross vehicle weight rating (GVWR) of up to 8,500 pounds. The market has experienced steady growth due to rising urbanization, increasing disposable incomes, and evolving consumer preferences for fuel-efficient, compact, and environmentally friendly vehicles. The ongoing shift toward electrification and stringent emission regulations is reshaping the landscape, creating new opportunities for innovation and growth.

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Market Growth Drivers

Electrification Trends: The increasing adoption of electric light-duty vehicles (e-LDVs) is one of the most significant drivers of market growth. Governments across the globe are incentivizing the production and adoption of electric vehicles (EVs) through subsidies, tax rebates, and the development of charging infrastructure. For instance, the International Energy Agency (IEA) reported that EV sales exceeded 10 million units globally in 2022, with a significant portion attributed to the LDV segment.

Stringent Emission Standards: Regulatory bodies are enforcing strict emission standards to combat climate change and reduce air pollution. Standards such as the European Union’s Euro 7 and the United States' Corporate Average Fuel Economy (CAFE) requirements are pushing automakers to invest in low-emission and zero-emission vehicle technologies. Hybrid, plug-in hybrid, and fully electric light-duty vehicles are gaining traction as a result.

Urbanization and Mobility Needs: The rapid pace of urbanization, particularly in emerging economies, is driving demand for light-duty vehicles due to their practicality, fuel efficiency, and affordability. Compact and mid-sized vehicles dominate urban markets, addressing the need for efficient transportation solutions in congested city environments.

Market Segmentations

By Type: Automatic Transmission, Manual Transmission, Continuous Variable Transmission

By Applications: Fuel Car, Electric Cars

Regional Analysis The light-duty vehicle market in North America is driven by strong consumer demand for pickup trucks and SUVs. Electrification is gaining momentum, with manufacturers like Tesla, Ford, and General Motors investing heavily in electric light-duty trucks and cars.Europe is at the forefront of the electric light-duty vehicle revolution, supported by stringent emission standards and government incentives. Countries like Norway, Germany, and the Netherlands are leading in EV penetration rates, with manufacturers like Volkswagen and Renault introducing a range of electric LDVs.

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Competitive Landscape

The light-duty vehicle market is highly competitive, with key players focusing on innovation, electrification, and strategic partnerships to strengthen their market presence. Prominent players include Toyota Motor Corporation, Volkswagen AG, General Motors, Ford Motor Company, Tesla, Hyundai Motor Group, and Stellantis.

These companies are increasingly investing in R&D to develop fuel-efficient and electric LDVs. For example, Toyota is focusing on hybrid and hydrogen-powered vehicles, while Tesla continues to lead the EV market with its advanced electric car lineup.

Future Outlook

The global light-duty vehicle market is poised for substantial growth, driven by electrification, urbanization, and technological advancements. According to market forecasts, the LDV segment is expected to grow at a compound annual growth rate (CAGR) of approximately 6%-8% between 2024 and 2030, with electric and hybrid vehicles leading the charge.

[skyjohn009]

Driving Innovation: The Rise of the Magnetic Sensor Market

Driving Innovation: The Rise of the Magnetic Sensor Market

The global Magnetic sensor market is experiencing a surge in demand, driven by advancements in technology and increasing integration across various industries. According to a new report by Straits Research, the market size was valued at USD 3.24 Billion in 2024 and is projected to reach USD 5.60 Billion by 2033, exhibiting a healthy Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period (2025-2033).

The Magnetic Sensor Market encompasses a diverse range of technologies used to detect and measure magnetic fields. These sensors are crucial components in various applications across industries, including automotive, consumer electronics, industrial automation, and healthcare. Key drivers of market growth include advancements in sensor technology, the rise of automation and robotics, and the increasing demand for safety and security features in various applications.

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 Magnetic Sensors: A Vital Component Across Industries

Magnetic sensors play a critical role in detecting and measuring magnetic fields. These versatile devices are utilized in a wide range of applications, including:

Automotive: Airbag deployment, anti-lock braking systems (ABS), electronic stability control (ESC), position and speed sensing for motors, and navigation systems.

Consumer Electronics: Smartphones (magnetometers for compass function), tablets, laptops (lid open/close detection), wearables, and gaming controllers.

Industrial: Industrial automation, robotics, process control, security systems, and non-destructive testing.

Other Applications: Aerospace and defense, healthcare (medical devices), and building automation.

Key Drivers Fueling Market Growth

Several significant factors are contributing to the expansion of the magnetic sensor market:

Technological Advancements: The development of new magnetic sensor technologies with enhanced sensitivity, accuracy, and miniaturization is driving their adoption across various applications.

Rise of Automation and Robotics: The increasing automation trend in manufacturing and the growing adoption of robots in various industries are fueling the demand for magnetic sensors for precise positioning and control.

Smart Device Revolution: The proliferation of smart devices with advanced functionalities like navigation, gesture recognition, and security features is propelling the need for magnetic sensors for accurate operation.

Focus on Safety and Security: The rising demand for enhanced safety and security in vehicles and buildings is driving the utilization of magnetic sensors in safety systems and intrusion detection.

Market Segmentation Offers Insights for Strategic Growth

The Straits Research report provides a comprehensive segmentation analysis of the magnetic sensor market, allowing for a deeper understanding of market dynamics:

By Technology:

Hall Effect: This dominant technology offers a cost-effective and reliable solution for various applications.

Anisotropic Magnetoresistance (AMR): AMR sensors offer high sensitivity and are ideal for high-precision applications.

Giant Magnetoresistance (GMR): GMR sensors are known for their high sensitivity and low power consumption, making them suitable for advanced applications.

Tunnel Magnetoresistance (TMR): TMR sensors offer the highest sensitivity among the mentioned technologies but are currently limited by higher costs.

Others: This segment includes emerging technologies like Spin Valve sensors and Magneto-Electric sensors offering unique advantages.

By Range:

1 microgauss: These ultra-low range sensors are used for sensitive measurements in scientific research and medical applications.

1 microgauss–10 gauss: This mid-range segment caters to a wide range of applications, including electronic compasses and consumer electronics.

10 gauss: High-range sensors are employed in industrial applications for current sensing and motor control.

By Application:

Automotive: The largest application segment, driven by the increasing demand for safety and advanced driver-assistance systems (ADAS) features.

Consumer Electronics: Growing at a significant rate due to the integration of magnetic sensors in smartphones, tablets, and wearables.

Industrial: A vital segment due to the need for precise positioning and control in automation processes.

Others: This segment encompasses applications in aerospace and defense, healthcare, and building automation.

By End User:

Consumer Electronics: A prominent end-user segment driven by the rising sales of smartphones and other smart devices.

Automotive: A major end user due to the crucial role of magnetic sensors in vehicle safety and performance.

Industrial: A significant end-user segment adopting magnetic sensors to enhance automation and efficiency.

Aerospace and Defense: Utilizes magnetic sensors for navigation, guidance, and control systems in aircrafts and missiles.

Healthcare: Employs magnetic sensors in medical devices for various diagnostic and therapeutic applications.

Others: This segment includes applications in building automation, security systems, and non-destructive testing.

Competitive Landscape: Leading Players in the Magnetic Sensor Market

The global magnetic sensor market is characterized by a mix of established players and emerging companies. Some of the key players include:

Analog Devices

Amphenol

Honeywell International

NXP Semiconductors N.V

STMicroelectronics

TDK Corporation

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About Straits Research

Straits Research is a leading market research firm that provides actionable insights and accurate analysis of various industries. Our team of experienced researchers and analysts use cutting-edge research techniques to provide comprehensive reports that help businesses make informed decisions.

[marketingreportz]

Automotive Wires Market-Industry Forecast, 2024–2030

Automotive Wires Market Overview:

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Automotive wire demand is expected to rise due to the growing trend of lightweight passenger automobiles as a means of reducing carbon emissions. In response to stringent regulations aimed at reducing carbon emissions from automobiles, manufactures will concentrate on producing aluminium automotive wires to reduce the vehicle’s overall weight. This is going to help in achieving the new regulations criteria. The rising focus on enhancing the standards for automotive wire will give opportunities for market expansion. For instance, according to US Auto Outlook 2024, light vehicle sales to grow 3.7% above last year’s level, rising to 16.1 million units. Additionally, the demand for automotive wires is expected to rise in parallel with the volume of vehicles being produced and the increasing demand from customers for better comfort, safety, and convenience.

Market Snapshot:

Automotives Wires Market — Report Coverage:

The “Automotive Wires Market Report — Forecast (2024–2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Automotives Wires Market.

AttributeSegment

By Material

· Copper

· Aluminium

· Others

By Vehicle Type

· Passenger Vehicles

· Light Commercial Vehicles

· Heavy Commercial Vehicles

By Propulsion

· ICE Vehicles

· Hybrid Vehicles

· Pure Electric Vehicles

By Transmission Type

· Electric wiring

· Data Transmission

By Application

· Engine wires

· Chassis wires

· Body and Lighting wires

· HVAC wires

· Dashboard / Cabin wires

· Battery wires

· Sensor wires

· Others

By End User

· OEM

· Aftermarket

By Geography

· North America (U.S., Canada and Mexico)

· Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

· Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

· South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

· Rest of the World (Middle East and Africa).

COVID-19 / Ukraine Crisis — Impact Analysis:

The COVID-19 pandemic disrupted global supply chains, leading to delays in production and sales of automobiles which led to decrease in automotive wire manufacturing. Governments worldwide imposed lockdowns and restrictions, which led to shut down of mines, factories, and transportation networks, thus disrupting the supply of raw materials such as copper and aluminum, that are used in making automotive wires.

The Russia-Ukraine war had a huge impact on the global automotive wires market. Ukraine is a major manufacturer of copper, a material used as an automotive wiring component. The war has led to mining disruptions, which in turn has caused the shortages and increase in prices globally.

Key Takeaways:

Copper wires segment is Leading the Market

Copper wires segment holds the largest share in the automotive wires market with respect to market segmentation by material. Electrification will be the biggest driver to copper demand for vehicles. Copper is used throughout electric vehicle powertrains, from foils in each cell of the battery to the windings of an electric motor. In total, each electric vehicle can generate over 30kg of additional copper demand. According to a report by IDTechEx, the demand for copper from the automotive industry was just over 3MT in 2023 but is set to increase to 5MT in 2034. Because of its electrical and chemical characteristics, copper is used in every part of the battery. There are lot of tiny cells in the battery, and each one has a copper foil to carry electricity out of the cell. Large copper bars placed throughout the battery also convey the energy from each cell to the high-voltage connections, which in turn power the motor and electronics. Such parts and components with the copper are driving the market growth of copper wires in automotive wires market.

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Passenger Vehicles are Leading the Market

Passenger Vehicles segment is leading the Automotive Wires Market by Application. The passenger vehicle category is currently holding the largest share in the automotive wires market because of a combination of factors including large production volumes, a wide range of wiring requirements, technological developments, and the increasing adoption of electric vehicles. For instance, according to Global and EU Auto industry 2023 report by The European Automobile Manufacturers’ Association (ACEA), European car production grew substantially, reaching nearly 15 million units, marking a significant year-on-year improvement of 12.6%. The growing popularity of electric vehicles (EVs) is also contributing to the growth of the passenger vehicle segment in the automotive wires market. EVs have more complex wiring systems due to the integration of batteries, motors, and charging infrastructure.

Integration of Smart Systems in Automobiles

Global demand for automotive wires is primarily driven by the integration of smart systems in automobiles. Modern automobiles have more wires because electronic control units (ECUs) are becoming more and more popular. Each ECU has been connected to a variety of sensors, actuators, and other ECUs through a complex network of connections. Automotive manufacturers are using sophisticated wiring solutions, such as light-weight harnesses, insulated cables and high-temperature-resistant wires to manage the rising number of connections and ensure reliable performance. For instance, In July 2024, Compal Electronics Inc, a leading contract electronics manufacturer from Taiwan, announced plans to build its first European factory in Poland. The company intends to invest more than $15.4 million to target automotive electronics clients. This strategic move marks Compal’s expansion into the European market. The need for complex and more advanced wiring solutions will continue to grow as automobiles become more technologically advanced, fueling the worldwide automotive wires market’s expansion.

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Fluctuating cost of materials to hamper the market

The market for automotive wires is significantly impacted by the price fluctuations of raw materials, particularly copper and aluminum. These materials are necessary for making automobile wires, and the market’s ability to expand may be severely hindered by their price instability. For instance, vehicle automation requires multiple sensors, as well as additional on-board computers. A standard autonomous system, with 12 cameras, seven Light Detection and Ranging sensors (LiDARs), eight radars and one automated driving control unit, will all depend on copper connections to function safely and reliably.

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Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Automotive Wires Market. The top 10 companies in this industry are listed below:

Aptiv plc

Yazaki Corporation

Furukawa Electric Co., Ltd

Sumitomo wiring systems

Nexans SA

Fujikura Ltd

Samvardhana Motherson International Ltd

Leoni AG

Lear Corporation

THB Electronics

Scope of the Report:

Report MetricDetails

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5.7%

Market Size in 2030

$ 6.8 Billion

Segments Covered

By Material, By Vehicle Type, By Propulsion, By Transmission Type, By Application, By End User and By Geography.

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

1. Aptiv plc

2. Yazaki Corporation

3. Furukawa Electric Co., Ltd

4. Sumitomo wiring systems

5. Nexans SA

6. Fujikura Ltd

7. Samvardhana Motherson International Ltd

8. Leoni AG

9. Lear Corporation

10. THB Electronics

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