Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032
Overview
The Asia-Pacific Heat Shrink Tubing in Automotive Market is expected to reach a 357.76 USD Billion by 2032 and is projected to grow at a CAGR of 11.01% from 2025 to 2032.
Revenue, 2024 (USD Billion)
187.34
Forecast, 2032 (USD Billion)
357.76
CAGR, 2024 - 2032
11.01%
Report Coverage
Asia-Pacific
Asia-Pacific Heat Shrink Tubing in Automotive Market 2018-2032 USD Billion
Asia-Pacific Heat Shrink Tubing in Automotive Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 187.34 USD Billion
- Projected Market Size (2032): 357.76 USD Billion
- CAGR (2025-2032): 11.01%
Key Findings of Asia-Pacific Heat Shrink Tubing in Automotive Market
- The Asia-Pacific Heat Shrink Tubing in Automotive Market was valued at 187.34 USD Billion in 2024.
- The Asia-Pacific Heat Shrink Tubing in Automotive Market is likely to grow at a CAGR of 11.01% 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 126.27 USD Billion
- The fastest growing segment Electric in Fuel Type Segment grew Fastest with a CAGR of 12.34% during the forecast period from 2024 to 2032.
Asia-Pacific Heat Shrink Tubing in Automotive Market Scope
Asia-Pacific Heat Shrink Tubing in Automotive Market Segmentation & Scope
Vehicle Type
- Electric Vehicle
- HCV
- HCV
- LCV
- Passenger Cars
Sales Channel
- Aftermarket
- OEM
Fuel Type
- Electric
- Diesel/CNG
- Petrol
Voltage
- High Voltage
- Medium Voltage
- Low Voltage
Type
- Dual Wall Shrink Tubing
- Single Wall Shrink Tubing
Application
- Miniature Splices
- Gas pipes
- Under Bonnet Cable Protection
- Diesel Injection Clusters
- Break Pipes
- In-line Splices
- Ring Terminals
- Connectors
- Hoses
Colour
- Yellow
- Red
- Others
Material
- Others
- Ethylene Tetrafluoroethylene
- Perfluoroalkoxy Alkanes
- Fluorinated Ethylene Propylene
- Polytetrafluoroethylene
- Polyvinyl Chloride
- Polyolefin
Asia-Pacific Heat Shrink Tubing in Automotive Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 187.34 USD Billion |
| Market Value in 2032 | 357.76 USD Billion |
| CAGR (2025-2032) | 11.01% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Sales Channel,Fuel Type,Voltage,Type,Application,Colour,Material |
Regional Insights:
-
Leading Market (2024-2032): Asia-Pacific, leading in terms of revenue 187.34 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 73,837.57 USD Million in 2024.
Segments and Scope
-
Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 112.57 USD Billion in the year 2024.
- Electric Vehicle is the Fastest growing segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 11.53 % in forecast period 2025-2032.
-
Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032, By Sales Channel
- OEM is the largest segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 119.55 USD Billion in the year 2024.
- OEM is the Fastest growing segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 11.60 % in forecast period 2025-2032.
-
Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032, By Fuel Type
- Petrol is the largest segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 104.76 USD Billion in the year 2024.
- Electric is the Fastest growing segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 11.75 % in forecast period 2025-2032.
-
Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032, By Voltage
- Low Voltage is the largest segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 94.59 USD Billion in the year 2024.
- Low Voltage is the Fastest growing segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 11.98 % in forecast period 2025-2032.
-
Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032, By Type
- Single Wall Shrink Tubing is the largest segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 126.27 USD Billion in the year 2024.
- Dual Wall Shrink Tubing is the Fastest growing segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 10.56 % in forecast period 2025-2032.
-
Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032, By Application
- Hoses is the largest segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 47.42 USD Billion in the year 2024.
- Hoses is the Fastest growing segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 12.17 % in forecast period 2025-2032.
-
Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032, By Colour
- Red is the largest segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 60.85 USD Billion in the year 2024.
- Red is the Fastest growing segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 10.53 % in forecast period 2025-2032.
-
Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032, By Material
- Polyolefin is the largest segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 57.05 USD Billion in the year 2024.
- Polyolefin is the Fastest growing segment in Asia-Pacific Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 12.05 % in forecast period 2025-2032.
Asia-Pacific Heat Shrink Tubing in Automotive Market Company Share Analysis
| Company Name |
|
||
| TE Connectivity | |||
| ABB | |||
| Sumitomo Electric Industries, Ltd. | |||
| SHAWCOR | |||
| HellermannTyton | |||
Asia-Pacific Heat Shrink Tubing in Automotive Market Geographical Sales Distribution, 2018-2032 USD Billion
Asia-Pacific Heat Shrink Tubing in Automotive Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Asia-Pacific Heat Shrink Tubing in Automotive Market is segmented based on Segmentation Vehicle Type,Sales Channel,Fuel Type,Voltage,Type,Application,Colour,Material.
Asia-Pacific Heat Shrink Tubing in Automotive Market was valued at USD 187.34(Revenue in USD Billion) in 2021.
Asia-Pacific Heat Shrink Tubing in Automotive Market is projected to grow at a CAGR of 11.01% during the forecast period of 2024 to 2032.
The Single Wall Shrink Tubing segment is expected to dominate the Asia-Pacific Heat Shrink Tubing in Automotive Market, holding a largest market share of 126.27 USD Billion in 2024
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Asia-Pacific Heat Shrink Tubing in Automotive Market Scope
Asia-Pacific Heat Shrink Tubing in Automotive Market Segmentation & Scope
Vehicle Type
- Electric Vehicle
- HCV
- HCV
- LCV
- Passenger Cars
Sales Channel
- Aftermarket
- OEM
Fuel Type
- Electric
- Diesel/CNG
- Petrol
Voltage
- High Voltage
- Medium Voltage
- Low Voltage
Type
- Dual Wall Shrink Tubing
- Single Wall Shrink Tubing
Application
- Miniature Splices
- Gas pipes
- Under Bonnet Cable Protection
- Diesel Injection Clusters
- Break Pipes
- In-line Splices
- Ring Terminals
- Connectors
- Hoses
Colour
- Yellow
- Red
- Others
Material
- Others
- Ethylene Tetrafluoroethylene
- Perfluoroalkoxy Alkanes
- Fluorinated Ethylene Propylene
- Polytetrafluoroethylene
- Polyvinyl Chloride
- Polyolefin
Frequently Asked Questions
The Asia-Pacific Heat Shrink Tubing in Automotive Market is segmented based on Segmentation Vehicle Type,Sales Channel,Fuel Type,Voltage,Type,Application,Colour,Material.
Asia-Pacific Heat Shrink Tubing in Automotive Market was valued at USD 187.34(Revenue in USD Billion) in 2021.
Asia-Pacific Heat Shrink Tubing in Automotive Market is projected to grow at a CAGR of 11.01% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific Heat Shrink Tubing in Automotive Market for final year is USD 357.76 (USD Billion).
Asia-Pacific Heat Shrink Tubing in Automotive Market Company Profiling
Frequently Asked Questions
The Asia-Pacific Heat Shrink Tubing in Automotive Market is segmented based on Segmentation Vehicle Type,Sales Channel,Fuel Type,Voltage,Type,Application,Colour,Material.
Asia-Pacific Heat Shrink Tubing in Automotive Market was valued at USD 187.34(Revenue in USD Billion) in 2021.
Asia-Pacific Heat Shrink Tubing in Automotive Market is projected to grow at a CAGR of 11.01% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific Heat Shrink Tubing in Automotive Market for final year is USD 357.76 (USD Billion).
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