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Opportunities For The Global Automotive Power Distribution Box Market To Reach $16.5 Billion By 2024
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]:
By Component [$M shipment analysis for 2013 – 2024]:
By Vehicle Type [$M shipment analysis for 2013 – 2024]:
• Passenger cars
• Light commercial vehicles
• Electric Vehicles
By End User [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
• North America
4. United Kingdom
• Asia Pacific
4. South Korea
• The Rest of the World
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 firstname.lastname@example.org. Lucintel offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
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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