According to a new market report published by
Lucintel, the future of the global automotive power distribution box market
looks promising with opportunities in the passenger car, light commercial
vehicle, and electric vehicle markets. The global automotive power distribution
box market is expected to reach an estimated $16.5 billion by 2024 with a CAGR
of 8.5% from 2019 to 2024. The major drivers of growth for this market are growing
electronic content per vehicle, growth in vehicle production, and stringent
government regulation for passenger safety.
In this market, hardwired and configurable power
distribution box are used for handling the routing of power circuits to the
vehicle's electrical system. On the basis of its comprehensive research,
Lucintel forecasts that the configurable power distribution box will remain the
largest segment due to increasing use of microcontrollers and multiple circuit
boards per vehicle.
Within the global automotive power
distribution box market, passenger cars will remain the largest market due to
increasing production of small and compact cars. Electric vehicle is expected
to witness the highest growth over the forecast period as electric vehicle
contains a lot of electrical components which indirectly increases the
consumption of more power distribution boxes per electric car.
Asia Pacific is expected to remain the largest
region due to the higher vehicle production and economic growth. Europe is
expected to witness significant growth over the forecast period due to growth in electronic cockpit system.
Emerging trends, which have a direct impact on
the dynamics of the industry, include the introduction of Y-splitter modular
systems for high-voltage power distribution boxes and the development of compact
lightweight configurable power distribution. Eaton, Lear, Sumitomo Electric, TE
Connectivity, Yazaki, Littelfuse, Leoni Group, Furukawa Electric Group, PKC
Group, Minda Corporation are the major power distribution box manufacturers.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global automotive power distribution box market by type, by component, vehicle
type, end-user and region. Lucintel has compiled a comprehensive research
report entitled “Growth
Opportunities in the Global Automotive Power Distribution Box Market 2019-2024:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst
for growth strategy, as it provides comprehensive data and analysis on trends,
key drivers, and directions. The study includes a forecast for the global
automotive power distribution box market by type, by component type, vehicle
type, end-user and region, as follows:
By Box Type [$M shipment analysis for 2013 –
2024]:
- Hardwired
- Configurable
By Component [$M shipment analysis for 2013 –
2024]:
- Relay
- Fuse
- Others
By Vehicle Type [$M shipment analysis for 2013
– 2024]:
- Passenger
cars
- Light
commercial vehicles
- Electric Vehicles
By End User [$M shipment analysis for 2013 –
2024]:
·
OEM
·
Aftermarket
By Region [$M shipment analysis for 2013 – 2024]:
- North America
o
US
o
Canada
o
Mexico
- Europe
o
Germany
o
France
o
Russia
o
United Kingdom
o
Italy
- Asia Pacific
o
China
o
Japan
o
India
o
South Korea
o
Indonesia
- The Rest of the World
o
Brazil
o
Turkey
This
170-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
Lucintel offerings include Mass
Transportation, Transportation
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Analysis.
About Lucintel
This
report answers following 11 key questions:
Q. 1 What
are some of the most promising, high growth opportunities for the automotive power
distribution box market by type (hardwired and configurable), by component (fuse,
relay and others), vehicle type (passenger cars, light commercial vehicles, and
electric vehicles), end-user (OEM and aftermarket), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which
region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the
key challenges and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the market? Which companies are
leading these developments?
Q.9. Who are the major players in this market? What strategic
initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big
of a threat do they pose for loss of market share by material or product
substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has
its impact been on the industry?
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