Global Heat Shrink Tubing for Automotive Market is growing with a CAGR of 6.7% in the Forecast Period of 2021 to 2028

The Global Heat Shrink Tubing for Automotive Market is growing with factors such as increasing demand for vehicle wiring harnesses for automotive safety systems and a rise in technological advancements to increase vehicle performance.

However, stringent government regulation on the emission of toxic gases is hindering the market's growth to an extent.

Global Heat Shrink Tubing for Automotive Market Scenario  

According to Data Bridge Market Research, the market for Asia-Pacific has the highest market share, followed by North America and Europe. The market leader is Sumitomo Electric Industries, Ltd., which caters to almost 20.21% of the market share. Some of the recent development by the company are:

  • In June 2017, Sumitomo Electric Industries, Ltd. participated in the 52nd International Air show for tube making and cable products that enhanced the product portfolio for the company. The company enhanced its business portfolio generating more income and profit for the company

Heat Shrink Tubing for Automotive MarketTrends Impacting the Market

Now the question is, which other regions are Sumitomo Electric Industries, Ltd, TE Connectivity, and SHAWCOR are targeting? Data Bridge Market Research has forecasted a large growth in the Asia-Pacific heat shrink tubing for automotive market and the market leaders targeting the China, Japan and India to be their next pocket revenue for 2021.

The global heat shrink tubing for automotive market is becoming more competitive with Sumitomo Electric Industries, Ltd, TE Connectivity, and SHAWCOR. These are the top dominating companies in the market and have launched various products. The Data Bridge Market Research reports highlighting the major growth factors and opportunities in the global heat shrink tubing for automotive market.

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Global Heat Shrink Tubing for Automotive Market Developments

  • In March 2017, Sumitomo Electric Industries, Ltd. participated in the exhibition of the CeBIT in Germany that exhibited various products on electronic products and 118 companies. The exhibition enhanced the brand image of the company delivering more profit
  • In March 2021, TechnipFMC has chosen SHAWCOR to provide pipeline insulation coating for the Mero 2 project. This award comes as SHAWCOR completes the successful execution of Mero 1 from its Serra, Brazil plant, which began in 2019. The company’s excellent flow assurance coating track record continues to expand with this project range, strengthening its status as the trusted coating supplier in the Brazilian industry

Scope of Global Heat Shrink Tubing for Automotive Market

The global heat shrink tubing for automotive market is segmented into eight notable segments based on application, material, type, sales channel, color, voltage, fuel type, and vehicle type. All country-based analysis of global heat shrink tubing for automotive market is further analyzed based on maximum granularity into further segmentation.  

  • On the basis of application, the global heat shrink tubing for automotive market is segmented into hoses, connectors, ring terminals, in-line splices, brake pipes, diesel injection clusters, under bonnet cable protection, gas pipes, miniature splices. On the basis of material, the global heat shrink tubing for automotive market is segmented into polyolefin, polyvinyl chloride, polytetrafluoroethylene, fluorinated ethylene propylene, perfluoroalkoxy alkane, ethylene tetrafluoroethylene, and others. On the basis of color, the global heat shrink tubing for automotive market is segmented into red, yellow, and others. On the basis of type, the global heat shrink tubing for automotive market is segmented into single wall shrink tubing and dual wall shrink tubing. On the basis of voltage, the global heat shrink tubing for automotive market is segmented into low, medium, and high. On the basis of fuel type, the global heat shrink tubing for automotive market is segmented into petrol/diesel, CNG, and electric. On the basis of sales channel, the global heat shrink tubing for automotive market is segmented into OEM and aftermarket. On the basis of vehicle type, the global heat shrink tubing for automotive market is segmented into passenger cars, LCV, HCV, and electric vehicles.

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Key Pointers Covered in the Global Heat Shrink Tubing for Automotive Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and overview of global heat shrink tubing for automotive market
  • Company profiling of top  players of global heat shrink tubing for automotive market

Key Market Competitors Covered in the Report

  • Flex Wires Inc.
  • Qualtek Electronics Corp.
  • ABB
  • IS-Rayfast Ltd
  • NELCO
  • Insultab, PEXCO
  • SHAWCOR
  • Sumitomo Electric Industries, Ltd.
  • Zeus Industrial Products, Inc.
  • HellermannTyton
  • Autosparks
  • Shenzhen Woer Heat - Shrinkable Material Co., Ltd.
  • Techflex, Inc.
  • 3M
  • Texcan
  • Dasengh, Inc.
  • Huizhou Guanghai Electronic Insulation Materials Co.,Ltd.
  • Alpha Wire
  • GREMCO GmbH
  • Thermosleeve USA
  • Dee Five Shrink Insulations Pvt. Ltd.
  • The Zippertubing Company
  • RADPOL S.A.
  • Suzhou Feibo Cold and Heat Shrinking Co., Ltd.
  • Paras Enterprises
  • Molex
  • TE Connectivity
  • Panduit

Above are the key players covered in the report for global heat shrink tubing for automotive market https://www.databridgemarketresearch.com/toc/?dbmr=global-heat-shrink-tubing-for-automotive-market

Research Methodology: Global Heat Shrink Tubing for Automotive Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.

The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturers, Researchers, Scientists, Research Laboratories
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.

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