Global Electric Vehicle Heat Shrink Tubing Market to 2032
Overview
The Global Electric Vehicle Heat Shrink Tubing Market is expected to reach a 105.69 USD Million by 2032 and is projected to grow at a CAGR of 8.34% from 2025 to 2032.
Revenue, 2024 (USD Million)
56.72
Forecast, 2032 (USD Million)
105.69
CAGR, 2024 - 2032
8.34%
Report Coverage
Global
Global Electric Vehicle Heat Shrink Tubing Market 2018-2032 USD Million
Global Electric Vehicle Heat Shrink Tubing Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 56.72 USD Million
- Projected Market Size (2032): 105.69 USD Million
- CAGR (2025-2032): 8.34%
Key Findings of Global Electric Vehicle Heat Shrink Tubing Market
- The Global Electric Vehicle Heat Shrink Tubing Market was valued at 105.69 USD Million in 2024.
- The Global Electric Vehicle Heat Shrink Tubing Market is likely to grow at a CAGR of 8.34% 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 36.45 USD Million
- The fastest growing segment Polyolefin in Material Segment grew Fastest with a CAGR of 9.57% during the forecast period from 2024 to 2032.
Global Electric Vehicle Heat Shrink Tubing Market Scope
Global Electric Vehicle Heat Shrink Tubing Market Segmentation & Scope
Color
- Yellow
- Red
- Others
Connector Application
- Others
- LSTT<150 C
- CGPT
- ATUM
- HTAT
Type
- Dual Wall Shrink Tubing
- Single Wall Shrink Tubing
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)
Material
- Others
- Ethylene Tetrafluoroethylene
- Perfluoroalkoxy Alkanes
- Fluorinated Ethylene Propylene
- Polytetrafluoroethylene
- Polyolefin
Application
- Miniature Splices
- Gas pipes
- Under Bonnet Cable Protection
- In-line Splices
- Ring Terminals
- Connectors
- Hoses
Global 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 | 56.72 USD Million |
| Market Value in 2032 | 105.69 USD Million |
| CAGR (2025-2032) | 8.34% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Color,Connector Application,Type,Voltage,Sales Channel,Vehicle Type,Material,Application |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 56.72 USD Million in 2024
- Key Country: U.S., leading in terms of revenue with value of 12.74 USD Million in 2024.
Segments and Scope
-
Global Electric Vehicle Heat Shrink Tubing Market to 2032, By Color
- Red is the largest segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 15.96 USD Million in the year 2024.
- Red is the Fastest growing segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 7.76 % in forecast period 2025-2032.
-
Global Electric Vehicle Heat Shrink Tubing Market to 2032, By Connector Application
- HTAT is the largest segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 19.27 USD Million in the year 2024.
- HTAT is the Fastest growing segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 9.00 % in forecast period 2025-2032.
-
Global Electric Vehicle Heat Shrink Tubing Market to 2032, By Type
- Single Wall Shrink Tubing is the largest segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 36.45 USD Million in the year 2024.
- Dual Wall Shrink Tubing is the Fastest growing segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 7.77 % in forecast period 2025-2032.
-
Global Electric Vehicle Heat Shrink Tubing Market to 2032, By Voltage
- Low Voltage is the largest segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 24.98 USD Million in the year 2024.
- Low Voltage is the Fastest growing segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 9.17 % in forecast period 2025-2032.
-
Global Electric Vehicle Heat Shrink Tubing Market to 2032, By Sales Channel
- OEM is the largest segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 35.73 USD Million in the year 2024.
- OEM is the Fastest growing segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 9.01 % in forecast period 2025-2032.
-
Global Electric Vehicle Heat Shrink Tubing Market to 2032, By Vehicle Type
- BEV(Battery Electric Vehicles) is the largest segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 34.46 USD Million in the year 2024.
- BEV(Battery Electric Vehicles) is the Fastest growing segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 9.06 % in forecast period 2025-2032.
-
Global Electric Vehicle Heat Shrink Tubing Market to 2032, By Material
- Polyolefin is the largest segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 21.60 USD Million in the year 2024.
- Polyolefin is the Fastest growing segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 9.57 % in forecast period 2025-2032.
-
Global Electric Vehicle Heat Shrink Tubing Market to 2032, By Application
- Hoses is the largest segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a revenue of 20.61 USD Million in the year 2024.
- Hoses is the Fastest growing segment in Global Electric Vehicle Heat Shrink Tubing Market to 2032 with a Growth rate of 9.19 % in forecast period 2025-2032.
Global Electric Vehicle Heat Shrink Tubing Market Company Share Analysis
Global Electric Vehicle Heat Shrink Tubing Market Geographical Sales Distribution, 2018-2032 USD Million
Global Electric Vehicle Heat Shrink Tubing Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Electric Vehicle Heat Shrink Tubing Market is segmented based on Segmentation Color,Connector Application,Type,Voltage,Sales Channel,Vehicle Type,Material,Application.
Global Electric Vehicle Heat Shrink Tubing Market was valued at USD 56.72(Revenue in USD Million) in 2020.
Global Electric Vehicle Heat Shrink Tubing Market is projected to grow at a CAGR of 8.34% during the forecast period of 2024 to 2032.
The Single Wall Shrink Tubing segment is expected to dominate the Global Electric Vehicle Heat Shrink Tubing Market, holding a largest market share of 36.45 USD Million in 2024
Global Electric Vehicle Heat Shrink Tubing Market Scope
Global Electric Vehicle Heat Shrink Tubing Market Segmentation & Scope
Color
- Yellow
- Red
- Others
Connector Application
- Others
- LSTT<150 C
- CGPT
- ATUM
- HTAT
Type
- Dual Wall Shrink Tubing
- Single Wall Shrink Tubing
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)
Material
- Others
- Ethylene Tetrafluoroethylene
- Perfluoroalkoxy Alkanes
- Fluorinated Ethylene Propylene
- Polytetrafluoroethylene
- Polyolefin
Application
- Miniature Splices
- Gas pipes
- Under Bonnet Cable Protection
- In-line Splices
- Ring Terminals
- Connectors
- Hoses
Frequently Asked Questions
The Global Electric Vehicle Heat Shrink Tubing Market is segmented based on Segmentation Color,Connector Application,Type,Voltage,Sales Channel,Vehicle Type,Material,Application.
Global Electric Vehicle Heat Shrink Tubing Market was valued at USD 56.72(Revenue in USD Million) in 2020.
Global Electric Vehicle Heat Shrink Tubing Market is projected to grow at a CAGR of 8.34% during the forecast period of 2024 to 2032.
The estimated market value of the Global Electric Vehicle Heat Shrink Tubing Market for final year is USD 105.69 (USD Million).
Global Electric Vehicle Heat Shrink Tubing Market Company Profiling
Frequently Asked Questions
The Global Electric Vehicle Heat Shrink Tubing Market is segmented based on Segmentation Color,Connector Application,Type,Voltage,Sales Channel,Vehicle Type,Material,Application.
Global Electric Vehicle Heat Shrink Tubing Market was valued at USD 56.72(Revenue in USD Million) in 2020.
Global Electric Vehicle Heat Shrink Tubing Market is projected to grow at a CAGR of 8.34% during the forecast period of 2024 to 2032.
The estimated market value of the Global Electric Vehicle Heat Shrink Tubing Market for final year is USD 105.69 (USD Million).
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