Automotive Control Cable Market size was over USD 3.81 billion in 2024 and is poised to exceed USD 9.76 billion by 2037, growing at over 7.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive control cable is evaluated at USD 4.05 billion.
Automotive control cables are manufactured by twisting steel wires of different diameters all together into a cable. They differ on the basis of their application. There are different types of cables used for clutch, accelerator, brakes, engine and audio systems. Wires made of stainless steel are twisted together by a machine and made into a cable after being cut into the required length. By the process of die-casting, the cable’s end is butted after being dipped into molten zinc from one end and from the other end it is fitted with a zinc stopper. Through these cables, the driver could control various functions of the vehicle from the seat.
Growth drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
7.5% |
Base Year Market Size (2024) |
USD 3.81 billion |
Forecast Year Market Size (2037) |
USD 9.76 billion |
Regional Scope |
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The market is segmented by vehicle type into two-wheeler, three-wheeler, four-wheeler, aircraft and others. The four-wheeler segment is anticipated to grow at the fastest rate on the back of rising sales of four-wheeler vehicles across the world. According to the statistics of the Federal Highway Administration of the U.S. Department of Transportation, four-wheeler registrations (automobiles, buses and trucks) in the United States, grew from 242,060,545 number of vehicles in 2010 to 267,894,860 number of vehicles in the year 2019. Moreover, increasing trends of different types of car sports, such as drag racing, go karting, and others, which require frequent replacement of spare parts, are further anticipated to contribute to the growth of the four-wheeler segment during the forecast period.
Our in-depth analysis of the global market includes the following segments
By Application |
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By Product |
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By Vehicle type
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By Distribution channel |
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North America Market Statistics
Europe industry is likely to account for largest revenue share by 2037, led by rising vehicle sales, wide aftermarket, easily available raw materials, decreasing product life, and increasing demand for cables in multiple industries.
Europe industry is estimated to account for largest revenue share by 2037, led by rising vehicle sales, wide aftermarket, easily available raw materials, decreasing product life, and increasing demand for cables in multiple industries.
APAC Market Analysis
Additionally, the automotive control cable market in Asia Pacific is anticipated to record the highest CAGR on the back of higher economic growth rates, increasing demand for cables in automobile industries and rising vehicle sales.
Author Credits: Saima Khursheed
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