From 2018 to 2025, the compound annual growth rate of the global automotive cable market will reach 4.9%

According to QY Research's latest research report, the global automotive cable market was valued at $28.
6 billion in 2017 and is expected to reach $41.
8 billion by the end of 2025, growing at a CAGR of 4.
9%
during the period.

Automotive cables are an important part of automotive electronic control systems, and multiple cables are woven together to form a single component as a circuit system
in a car.
Automotive cables are used to transmit electricity, data, and voice in cars
.
Due to the requirements of the working environment, automotive cables must have characteristics
such as high temperature resistance.

The report argues that the Asia-Pacific market is growing at a significant rate, while developed markets such as Europe, North America and Japan are mature, so the demand for such markets is expected to grow
at an appropriate rate.

In particular, China is the country with the largest demand for automotive cables, with a revenue market share of nearly 27.
1%
in 2017.
It is followed by the European region, with a revenue market share of more than 23%.

Japan and South Korea are another important automotive cable production market, accounting for 21.
58% of the revenue market share
.

At the same time, automotive cables are expensive
.
As a result, wire harness manufacturers are under intense pressure
to reduce costs.
Automotive cable manufacturing is logically complex
.
Each harness consists of hundreds or even thousands of components that are assembled through a series of operations to create the final product
.

At present, there are many production companies in the world automotive cable manufacturers mainly concentrated in North America, Europe and Japan, including Yazaki, Sumitomo, Delphi Automotive, Leoni, Lear, Furukawa Electric, Fujikura Cable, Nexans, THB, Kromberg & Schubert, etc
.