Global Automotive Control Cables Market 2018-2022
About Automotive Control Cables
Automotive control cables are referred to as plain annealed conductors that are used for controlling the movements of different systems within an automobile. These control cables are usually made of stranded high tensile wires ropes, wherein they are mostly used in braking, gear, and clutch applications.
Technavio’s analysts forecast the global automotive control cables market to generate a revenue of close to USD 69 billion by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive control cables market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Control Cables Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive control cables market: CHUHATSU, DURA AUTOMOTIVE SYSTEMS, HI-LEX, Küster Holding, Tata AutoComp Systems, and WR Controls.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing usage of wiring and cables in automobiles owing to their advantages. Control cables are finding increased use in vehicles for functions, such as hood release, door lock, door release, seat release, window regulator, trunk opening, fuel tank opening, and throttle cables.”
According to the report, one driver in the market is automotive control cables are cheap owing to use of cost-effective materials and manufacturing process. Control cables used for automotive applications are cost-effective and inexpensive. which makes them affordable to be used in large volumes per vehicle. In addition. the purchase of these control cables by automotive OEMs in bulk or masses makes the overall cost more affordable.
Further, the report states that one challenge in the market is growing integration of actuators may potentially decrease usage of control cables in automobiles. Mechanical systems are increasingly being replaced by electronics in modern vehicles. This is resulting in a growing penetration rate of electro-hydraulic, electro-mechanical, and all-electronic based systems in automobiles. Electronic sensors, electronic control units (ECUs), and actuators are finding growing usage in vehicles, which is helping in improving the performance and efficiency of these electronic systems.
DURA AUTOMOTIVE SYSTEMS
Tata AutoComp Systems
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