Market Highlights
Global Automotive
Throttle Cables Market size is anticipated to register a
significant CAGR of 8% Forecast Period. Automotive throttle cables are
crucial for the operation of vehicles. These cables enable the driver to
control and regulate various vehicle functions, with acceleration control being
one of them. Throttle cables are plaited metal cables that are used as the
mechanical link connecting the engine’s throttle plate with the gas pedal of
the automotive. These cables are of two types, namely, single-core cables and
the multi-core cables.
Furthermore, the throttle is a mechanism by which fluid flow
is controlled through contraction and expansion in the automotive engine, and
the accelerator cable or throttle cable regulates the fluid flow. When the gas
pedal is pressed, the throttle cable is dragged and opens the throttle, which
controls the power transmission. The throttle cable is also used for hot
starting, applying the choke, and for cruise control. Throttle cables are
covered by outer sheaths made from materials such as polyethylene, PVC, etc.
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protect the plaited metal cable inside. The developments and
innovations in electro-mobility such as electric vehicles (EVs) have enabled
the intense transformation of the global automotive industry which is projected
to boost the demand for automotive throttle cables over the next couple of
years, thereby creating significant opportunities for the growth of the
automotive throttle cables market during the forecast period.
Based on region, the global automotive throttle cables
market has been segmented into North America, Europe, Asia-Pacific, and the
rest of the world. The Asia-Pacific region is expected to lead the automotive
throttle cables market in the coming years, which can be attributed to the
initiatives towards electric vehicle adoption in the emerging economies of the
region. Furthermore, the demand for luxury vehicles is increasing significantly
in the North American market.
The global automotive throttle cables market can be
segmented by type, coating material, application, and region. Based on type,
the global automotive throttle cables market can be bifurcated into single-core
cables and multi-core cables. The single-core cables segment is anticipated to
grow at a significant CAGR in the coming years. In terms of coating material,
the automotive throttle cables market can be split into PVC cables,
polyethylene, and others. The PVC cables segment held a large share and is
anticipated to grow at a significant CAGR during the next few years
due to the increasing usage of PVC cables for protecting throttle cables. By
application, the automotive throttle cables market has been segmented into
passenger cars and commercial vehicles. The passenger cars segment held a
significant share and is anticipated to record a significant CAGR in
the coming years.
Global Automotive Throttle Cables Market size is anticipated
to register a significant CAGR of 8% between 2020 and 2026.
Drivers
Scope of the Report
This report provides an in-depth analysis of the global
automotive throttle cables market, tracking three market segments across four
geographic regions. The report studies key players, providing a six-year annual
trend analysis that highlights the market size and shares for North America,
Europe, Asia-Pacific, and the rest of the world. The report also presents a
forecast, focusing on the market opportunities for the next six years for each
region. The scope of the study segments the global automotive throttle cables
market by type, coating material, application, and region.
- Type
- Single-Core
Cables
- Multi-Core
Cables
- Coating
Material
- PVC
Cables
- Polyethylene
- Others
- Application
- Passenger
Cars
- Commercial
Vehicles
- By
Region
- North
America
- Asia-Pacific
- Europe
- Rest
of the World
Key Players
Key players in the global automotive throttle cables market
are Continental (Germany), Denso (Japan), Magneti Marelli (Italy), Hitachi Ltd.
(Japan), Delphi Technologies (UK), SKF (Sweden), Curtiss-Wright (US), Hella
(Germany), Johnson Controls (Ireland), Visteon (US), Sumitomo (Japan), and
Kabushiki Kaisha (Japan).
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