Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032
Overview
The Asia-Pacific Electric Vehicle Heat Shrink Tubing Market is expected to reach a 48.14 USD Million by 2032 and is projected to grow at a CAGR of 12.51% from 2025 to 2032.
Revenue, 2024 (USD Million)
25.58
Forecast, 2032 (USD Million)
48.14
CAGR, 2024 - 2032
12.51%
Report Coverage
Asia-Pacific
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market 2018-2032 USD Million
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 25.58 USD Million
- Projected Market Size (2032): 48.14 USD Million
- CAGR (2025-2032): 12.51%
Key Findings of Asia-Pacific Electric Vehicle Heat Shrink Tubing Market
- The Asia-Pacific Electric Vehicle Heat Shrink Tubing Market was valued at 25.58 USD Million in 2024.
- The Asia-Pacific Electric Vehicle Heat Shrink Tubing Market is likely to grow at a CAGR of 12.51% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Single Wall Shrink Tubing in Type Segment accounted for the largest share of the market with a revenue of 16.42 USD Million
- The fastest growing segment Hoses in Application Segment grew Fastest with a CAGR of 14.54% during the forecast period from 2024 to 2032.
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market Scope
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market Segmentation & Scope
Voltage
- High Voltage
- Medium Voltage
- Low Voltage
Sales Channel
- Aftermarket
- OEM
Vehicle Type
- Hybrid Electric Vehicle (HEVS)
- PHEV (Plug-In Hybrid Electric Vehicle)
- BEV(Battery Electric Vehicles)
Type
- Dual Wall Shrink Tubing
- Single Wall Shrink Tubing
Application
- Miniature Splices
- Gas pipes
- Under Bonnet Cable Protection
- In-line Splices
- Ring Terminals
- Connectors
- Hoses
Material
- Others
- Ethylene Tetrafluoroethylene
- Perfluoroalkoxy Alkanes
- Fluorinated Ethylene Propylene
- Polytetrafluoroethylene
- Polyolefin
Color
- Yellow
- Red
- Others
Connector Application
- Others
- LSTT<150 C
- CGPT
- ATUM
- HTAT
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 25.58 USD Million |
| Market Value in 2032 | 48.14 USD Million |
| CAGR (2025-2032) | 12.51% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Voltage,Sales Channel,Vehicle Type,Type,Application,Material,Color,Connector Application |
Regional Insights:
-
Leading Market (2024-2032): Asia-Pacific, leading in terms of revenue 25.58 USD Million in 2024
- Key Country: China, leading in terms of revenue with value of 12.36 USD Million in 2024.
Segments and Scope
-
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032, By Voltage
- Low Voltage is the largest segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 11.33 USD Million in the year 2024.
- Low Voltage is the Fastest growing segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 13.86 % in forecast period 2025-2032.
-
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032, By Sales Channel
- OEM is the largest segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 16.12 USD Million in the year 2024.
- OEM is the Fastest growing segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 13.17 % in forecast period 2025-2032.
-
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032, By Vehicle Type
- BEV(Battery Electric Vehicles) is the largest segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 15.80 USD Million in the year 2024.
- BEV(Battery Electric Vehicles) is the Fastest growing segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 13.58 % in forecast period 2025-2032.
-
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032, By Type
- Single Wall Shrink Tubing is the largest segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 16.42 USD Million in the year 2024.
- Dual Wall Shrink Tubing is the Fastest growing segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 11.78 % in forecast period 2025-2032.
-
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032, By Application
- Hoses is the largest segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 7.86 USD Million in the year 2024.
- Hoses is the Fastest growing segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 14.54 % in forecast period 2025-2032.
-
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032, By Material
- Polyolefin is the largest segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 10.68 USD Million in the year 2024.
- Polyolefin is the Fastest growing segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 14.00 % in forecast period 2025-2032.
-
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032, By Color
- Red is the largest segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 7.31 USD Million in the year 2024.
- Red is the Fastest growing segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 11.37 % in forecast period 2025-2032.
-
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032, By Connector Application
- HTAT is the largest segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 8.52 USD Million in the year 2024.
- HTAT is the Fastest growing segment in Asia-Pacific Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 13.53 % in forecast period 2025-2032.
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market Company Share Analysis
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market Geographical Sales Distribution, 2018-2032 USD Million
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Asia-Pacific Electric Vehicle Heat Shrink Tubing Market is segmented based on Segmentation Voltage,Sales Channel,Vehicle Type,Type,Application,Material,Color,Connector Application.
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market was valued at USD 25.58(Revenue in USD Million) in 2020.
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market is projected to grow at a CAGR of 12.51% during the forecast period of 2024 to 2032.
The Single Wall Shrink Tubing segment is expected to dominate the Asia-Pacific Electric Vehicle Heat Shrink Tubing Market, holding a largest market share of 16.42 USD Million in 2024
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market Scope
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market Segmentation & Scope
Voltage
- High Voltage
- Medium Voltage
- Low Voltage
Sales Channel
- Aftermarket
- OEM
Vehicle Type
- Hybrid Electric Vehicle (HEVS)
- PHEV (Plug-In Hybrid Electric Vehicle)
- BEV(Battery Electric Vehicles)
Type
- Dual Wall Shrink Tubing
- Single Wall Shrink Tubing
Application
- Miniature Splices
- Gas pipes
- Under Bonnet Cable Protection
- In-line Splices
- Ring Terminals
- Connectors
- Hoses
Material
- Others
- Ethylene Tetrafluoroethylene
- Perfluoroalkoxy Alkanes
- Fluorinated Ethylene Propylene
- Polytetrafluoroethylene
- Polyolefin
Color
- Yellow
- Red
- Others
Connector Application
- Others
- LSTT<150 C
- CGPT
- ATUM
- HTAT
Frequently Asked Questions
The Asia-Pacific Electric Vehicle Heat Shrink Tubing Market is segmented based on Segmentation Voltage,Sales Channel,Vehicle Type,Type,Application,Material,Color,Connector Application.
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market was valued at USD 25.58(Revenue in USD Million) in 2020.
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market is projected to grow at a CAGR of 12.51% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific Electric Vehicle Heat Shrink Tubing Market for final year is USD 48.14 (USD Million).
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market Company Profiling
Frequently Asked Questions
The Asia-Pacific Electric Vehicle Heat Shrink Tubing Market is segmented based on Segmentation Voltage,Sales Channel,Vehicle Type,Type,Application,Material,Color,Connector Application.
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market was valued at USD 25.58(Revenue in USD Million) in 2020.
Asia-Pacific Electric Vehicle Heat Shrink Tubing Market is projected to grow at a CAGR of 12.51% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific Electric Vehicle Heat Shrink Tubing Market for final year is USD 48.14 (USD Million).
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