Global Automotive Control Cables Market to Grow at USD 12.1 Billion by 2022

By 2022, the global automotive control cable market is witnessing the development of design, material use and manufacturing processes. 

This trend in the automotive control cable market will pave the way for effective control cables, which will not only be more durable and reliable, but also improve the efficiency of using the entire electrical system.

According to Technavio, the use of cost-effective materials and manufacturing processes is one of the key factors contributing to the growth of the global automotive control cable market. 

Vehicle control cables are cost-effective and inexpensive, so they can afford to be used in large quantities per vehicle. 

In addition, automotive original equipment manufacturers buy these control cables in bulk or in large quantities to make the overall cost more economical. 

This is one of the main factors to promote market growth.

According to a senior analyst at Technavio who studied automotive parts, "OEM uses control cables made of different materials, such as steel or aluminium, depending on the application and type of vehicle. Using better quality materials can improve the work and function of the required position. 

Manufacturing costs are also lower because these cables are made from wires by pulling wires, mainly using different grades of high-tension spring steel. 

In the manufacturing process, steel or aluminium are put into various wire rods of required diameter as starting materials. 

These wires are then twisted through the intermediate stages of wire drawing to produce the required specifications.

In terms of vehicle types, in 2017, passenger car segment market occupied the largest market share, accounting for nearly 79%. 

It is expected that this application will continue to dominate the global market throughout the forecast period. 

In terms of regional type, in 2017, the market share of the Asia-Pacific region was nearly 54%. 

The region is expected to dominate the market by 2022, with its share increasing by 2%.

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