Global Vehicle Power Distribution Market 2018-2025 - Key Market Players are Eaton, Lear, Sumitomo Electric, TE Connectivity, Yazaki, and Littelfuse
DUBLIN, Feb. 14, 2019 /PRNewswire/ --
The "Vehicle Power Distribution Market by Type (Hardwired and Configurable), Component, EV Type, Off-Highway Vehicle (Agricultural Tractors and Construction Equipment), Vehicle Type (PC, LCV, and HCV), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
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The vehicle power distribution market is projected to grow at a CAGR of 4.15% from 2018 to 2025. The market is estimated to be USD 6.47 billion in 2018 and is projected to reach USD 8.60 billion by 2025.
The market growth can be attributed to the increasing adoption of vehicle electronic functions that require a reliable, flexible, robust, and efficient power distribution system.
The configurable power distribution box is estimated to be the fastest growing segment of vehicle power distribution market. The configurable power distribution box combines fuses, relays, microcontrollers, and multiple (circuit board and fret) layers of interconnections into a single integrated assembly to distribute power for different applications. Also, this type of a power distribution box is more suitable for a complex electronic control system.
By vehicle type, the passenger car segment is estimated to hold the largest share of the vehicle power distribution market. The rise in the production of passenger cars globally, increasing demand for premium vehicles and SUVs, and increasing preference for high-performance personal vehicles are fueling the growth of the passenger car market. Also, the global demand for passenger cars is higher than that for commercial vehicles and is expected to grow further in the future. Additionally, factors such as the sizeable number of luxury light-duty vehicles in Europe and North America and the increasing demand for these vehicles in the Asia Pacific region are increasing the demand for a vehicle power distribution box in this vehicle segment.
The vehicle power distribution market for Battery Electric Vehicles (BEVs) segment is estimated to be the fastest growing market. Factors such as strict emission norms by the government, the rise in ecological imbalance due to excessive carbon emission, and less energy consumption are promoting the growth of BEVs.
By off-highway vehicle type, the construction equipment is estimated to be the fastest growing segment of vehicle power distribution market. Rapid development of infrastructure, especially in countries such as China and India, is supporting the growth of this market.
The Asia Pacific region is estimated to dominate the vehicle power distribution market for automotive, by volume as well as value. The growth of this market can be attributed to the increase in production and demand for passenger cars and electric vehicles. Also, the increasing adoption of advanced cockpit electronic functions in vehicles, growing purchasing power of the population, and increasing consumer awareness for safety features in developing countries are the key factors driving the market in the Asia Pacific region.
A key factor restraining the growth of the vehicle power distribution market is the lack of technological innovation in power distribution box. A hardwired power distribution box is cost-effective but requires more space and adds to the overall weight of the vehicle. On the other hand, a configurable power distribution box reduces the number of fuses and other components and thus helps in reducing the overall weight of the vehicle. However, the cost of this type of a power distribution box is higher than a hardwired power distribution box. Manufacturers should offer a solution that can meet both requirements i.e. weight reduction and cost-effective system.
Some of the key market players are Eaton (Ireland), Lear (US), Sumitomo Electric (Japan), TE Connectivity (Switzerland), Yazaki (Japan), and Littelfuse (US).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Vehicle Power Distribution Market for Automotive
4.2 Market, By Region
4.3 Market, By Country
4.4 Market, By Type
4.5 Market, By Vehicle Type
4.6 Market, By Electric Vehicle Type
4.7 Market, By Component
4.8 Market, By Off-Highway Vehicle Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Adoption of Electronic Functions in A Vehicle
5.2.2 Restraints
5.2.2.1 Lack of Technological Innovations in the Power Distribution Box
5.2.3 Opportunities
5.2.3.1 Rapid Technological Changes in the Commercial Vehicle Segment
5.2.4 Challenges
5.2.4.1 Increasing Complexity in the Design of the Vehicle Power Distribution Box
6 Vehicle Power Distribution Market, By Type
6.1 Introduction
6.2 Hardwired
6.3 Configurable
7 Vehicle Power Distribution Market, By Component
7.1 Introduction
7.2 Can
7.3 Fuse
7.4 Relay
7.5 Others
8 Vehicle Power Distribution Market, By Vehicle Type
8.1 Introduction
8.2 Passenger Cars
8.3 LCV
8.4 HCV
9 Vehicle Power Distribution Market, By Electric Vehicle
9.1 Introduction
9.2 Battery Electric Vehicle (BEV)
9.3 HEV
9.4 PHEV
10 Vehicle Power Distribution Market, By Off-Highway Vehicle Type
10.1 Introduction
10.2 Agricultural Tractors
10.3 Construction Equipment
11 Vehicle Power Distribution Market, By Type & Region
11.1 Introduction
11.2 Asia Pacific
11.2.1 China
11.2.2 India
11.2.3 Japan
11.2.4 South Korea
11.2.5 Thailand
11.2.6 Rest of Asia Pacific
11.3 Europe
11.3.1 France
11.3.2 Germany
11.3.3 Russia
11.3.4 Spain
11.3.5 Turkey
11.3.6 UK
11.3.7 Rest of Europe
11.4 North America
11.4.1 Canada
11.4.2 Mexico
11.4.3 US
11.5 RoW
11.5.1 Brazil
11.5.2 Iran
11.5.3 Others
12 Competitive Mapping
12.1 Overview
12.2 Market Ranking Analysis
12.3 Competitive Situation & Trends
12.3.1 New Product Developments
12.3.2 Expansions
12.3.3 Partnerships/Supply Contracts/Collaborations/Joint Ventures
12.3.4 Acquisitions/Agreements
13 Company Profiles
13.1 Eaton
13.2 Lear
13.3 Sumitomo Electric
13.4 Te Connectivity
13.5 Yazaki
13.6 Littelfuse
13.7 Leoni
13.8 Furukawa
13.9 Horiba
13.10 Mersen
13.11 E-T-A
13.12 Schurter
13.13 PKC
13.14 Minda
13.15 Draxlmaier
13.16 MTA
13.17 Truck-Lite
13.18 Kissling Elektrotechnik
13.19 Curtiss-Wright
For more information about this report visit https://www.researchandmarkets.com/research/hg72dp/global_vehicle?w=5
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