Global Heat Shrink Tubing in Automotive Market to 2032
Overview
The Global Heat Shrink Tubing in Automotive Market is expected to reach a 679.25 USD Billion by 2032 and is projected to grow at a CAGR of 6.41% from 2025 to 2032.
Revenue, 2024 (USD Billion)
370.16
Forecast, 2032 (USD Billion)
679.25
CAGR, 2024 - 2032
6.41%
Report Coverage
Global
Global Heat Shrink Tubing in Automotive Market 2018-2032 USD Billion
Global Heat Shrink Tubing in Automotive Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 370.16 USD Billion
- Projected Market Size (2032): 679.25 USD Billion
- CAGR (2025-2032): 6.41%
Key Findings of Global Heat Shrink Tubing in Automotive Market
- The Global Heat Shrink Tubing in Automotive Market was valued at 679.25 USD Billion in 2024.
- The Global Heat Shrink Tubing in Automotive Market is likely to grow at a CAGR of 6.41% 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 247.53 USD Billion
- The fastest growing segment Electric in Fuel Type Segment grew Fastest with a CAGR of 7.15% during the forecast period from 2024 to 2032.
Global Heat Shrink Tubing in Automotive Market Scope
Global 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
Application
- Miniature Splices
- Gas pipes
- Under Bonnet Cable Protection
- Diesel Injection Clusters
- Break Pipes
- In-line Splices
- Ring Terminals
- Connectors
- Hoses
Type
- Dual Wall Shrink Tubing
- Single Wall Shrink Tubing
Colour
- Yellow
- Red
- Others
Material
- Others
- Ethylene Tetrafluoroethylene
- Perfluoroalkoxy Alkanes
- Fluorinated Ethylene Propylene
- Polytetrafluoroethylene
- Polyvinyl Chloride
- Polyolefin
Global 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 | 370.16 USD Billion |
| Market Value in 2032 | 679.25 USD Billion |
| CAGR (2025-2032) | 6.41% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Sales Channel,Fuel Type,Voltage,Application,Type,Colour,Material |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 370.16 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 72,617.98 USD Million in 2024.
Segments and Scope
-
Global Heat Shrink Tubing in Automotive Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 202.49 USD Billion in the year 2024.
- Electric Vehicle is the Fastest growing segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 6.81 % in forecast period 2025-2032.
-
Global Heat Shrink Tubing in Automotive Market to 2032, By Sales Channel
- OEM is the largest segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 237.08 USD Billion in the year 2024.
- OEM is the Fastest growing segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 6.77 % in forecast period 2025-2032.
-
Global Heat Shrink Tubing in Automotive Market to 2032, By Fuel Type
- Petrol is the largest segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 203.23 USD Billion in the year 2024.
- Electric is the Fastest growing segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 6.83 % in forecast period 2025-2032.
-
Global Heat Shrink Tubing in Automotive Market to 2032, By Voltage
- Low Voltage is the largest segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 186.66 USD Billion in the year 2024.
- Low Voltage is the Fastest growing segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 6.96 % in forecast period 2025-2032.
-
Global Heat Shrink Tubing in Automotive Market to 2032, By Application
- Hoses is the largest segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 94.10 USD Billion in the year 2024.
- Hoses is the Fastest growing segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 7.07 % in forecast period 2025-2032.
-
Global Heat Shrink Tubing in Automotive Market to 2032, By Type
- Single Wall Shrink Tubing is the largest segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 247.53 USD Billion in the year 2024.
- Dual Wall Shrink Tubing is the Fastest growing segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 6.16 % in forecast period 2025-2032.
-
Global Heat Shrink Tubing in Automotive Market to 2032, By Colour
- Red is the largest segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 119.60 USD Billion in the year 2024.
- Red is the Fastest growing segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 6.17 % in forecast period 2025-2032.
-
Global Heat Shrink Tubing in Automotive Market to 2032, By Material
- Polyolefin is the largest segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 118.11 USD Billion in the year 2024.
- Polyolefin is the Fastest growing segment in Global Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 6.97 % in forecast period 2025-2032.
Global Heat Shrink Tubing in Automotive Market Company Share Analysis
| Company Name |
|
||
| TE Connectivity | |||
| ABB | |||
| Sumitomo Electric Industries, Ltd. | |||
| SHAWCOR | |||
| HellermannTyton | |||
Global Heat Shrink Tubing in Automotive Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Heat Shrink Tubing in Automotive Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Heat Shrink Tubing in Automotive Market is segmented based on Segmentation Vehicle Type,Sales Channel,Fuel Type,Voltage,Application,Type,Colour,Material.
Global Heat Shrink Tubing in Automotive Market was valued at USD 370.16(Revenue in USD Billion) in 2021.
Global Heat Shrink Tubing in Automotive Market is projected to grow at a CAGR of 6.41% during the forecast period of 2024 to 2032.
The Single Wall Shrink Tubing segment is expected to dominate the Global Heat Shrink Tubing in Automotive Market, holding a largest market share of 247.53 USD Billion in 2024
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Global Heat Shrink Tubing in Automotive Market Scope
Global 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
Application
- Miniature Splices
- Gas pipes
- Under Bonnet Cable Protection
- Diesel Injection Clusters
- Break Pipes
- In-line Splices
- Ring Terminals
- Connectors
- Hoses
Type
- Dual Wall Shrink Tubing
- Single Wall Shrink Tubing
Colour
- Yellow
- Red
- Others
Material
- Others
- Ethylene Tetrafluoroethylene
- Perfluoroalkoxy Alkanes
- Fluorinated Ethylene Propylene
- Polytetrafluoroethylene
- Polyvinyl Chloride
- Polyolefin
Frequently Asked Questions
The Global Heat Shrink Tubing in Automotive Market is segmented based on Segmentation Vehicle Type,Sales Channel,Fuel Type,Voltage,Application,Type,Colour,Material.
Global Heat Shrink Tubing in Automotive Market was valued at USD 370.16(Revenue in USD Billion) in 2021.
Global Heat Shrink Tubing in Automotive Market is projected to grow at a CAGR of 6.41% during the forecast period of 2024 to 2032.
The estimated market value of the Global Heat Shrink Tubing in Automotive Market for final year is USD 679.25 (USD Billion).
Global Heat Shrink Tubing in Automotive Market Company Profiling
Frequently Asked Questions
The Global Heat Shrink Tubing in Automotive Market is segmented based on Segmentation Vehicle Type,Sales Channel,Fuel Type,Voltage,Application,Type,Colour,Material.
Global Heat Shrink Tubing in Automotive Market was valued at USD 370.16(Revenue in USD Billion) in 2021.
Global Heat Shrink Tubing in Automotive Market is projected to grow at a CAGR of 6.41% during the forecast period of 2024 to 2032.
The estimated market value of the Global Heat Shrink Tubing in Automotive Market for final year is USD 679.25 (USD Billion).
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