Automotive Throttle Cables Market 2021 | Size, Share, Growth, Top Vendors, Regional Outlook and Forecast by 2027

Scope of the Report

Automotive Throttle Cables Market size is anticipated to register a significant CAGR of 8% between 2020 and 2026.

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.

Key Players

Key players in the global Global Automotive Throttle Cables Industry 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).

Market Highlights

Global Automotive Throttle Cables Market size is anticipated to register a significant CAGR of 8% between 2020 and 2026. 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.

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Furthermore, the Automotive Throttle Cables Market share 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. to 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.

Global Automotive Throttle Cables Market size is anticipated to register a significant CAGR of 8% between 2020 and 2026.

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.

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The global Automotive Throttle Cables Market growth 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.

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