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North America Heat Shrink Tubing in Automotive Market to 2032

Overview

The North America Heat Shrink Tubing in Automotive Market is expected to reach a 163.20 USD Billion by 2032 and is projected to grow at a CAGR of 10.63% from 2025 to 2032.

Revenue, 2024 (USD Billion)
87.10
Forecast, 2032 (USD Billion)
163.20
CAGR, 2024 - 2032
10.63%
Report Coverage
North America

North America Heat Shrink Tubing in Automotive Market 2018-2032 USD Billion

North America Heat Shrink Tubing in Automotive Market, Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 87.10 USD Billion
  • Projected Market Size (2032): 163.20 USD Billion
  • CAGR (2025-2032): 10.63%

Key Findings of North America Heat Shrink Tubing in Automotive Market

  • The North America Heat Shrink Tubing in Automotive Market was valued at 87.10 USD Billion in 2024.
  • The North America Heat Shrink Tubing in Automotive Market is likely to grow at a CAGR of 10.63% 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 57.06 USD Billion
  • The fastest growing segment Electric Vehicle in Vehicle Type Segment grew Fastest with a CAGR of 12.41% during the forecast period from 2024 to 2032.

North America Heat Shrink Tubing in Automotive Market Scope

North America Heat Shrink Tubing in Automotive Market Segmentation & Scope
Vehicle Type
  • Electric Vehicle
  • HCV
  • HCV
  • LCV
  • Passenger Cars
Colour
  • Yellow
  • Red
  • Others
Material
  • Others
  • Ethylene Tetrafluoroethylene
  • Perfluoroalkoxy Alkanes 
  • Fluorinated Ethylene Propylene
  • Polytetrafluoroethylene
  • Polyvinyl Chloride
  • Polyolefin
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
Sales Channel
  • Aftermarket
  • OEM
Fuel Type
  • Electric
  • Diesel/CNG
  • Petrol
Voltage
  • High Voltage
  • Medium Voltage
  • Low Voltage

North America 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 87.10 USD Billion
Market Value in 2032 163.20 USD Billion
CAGR (2025-2032) 10.63%
Historic Data 2016-2023
Market Segments Covered Vehicle Type,Colour,Material,Application,Type,Sales Channel,Fuel Type,Voltage

Regional Insights:

  • Leading Market (2024-2032): North America, leading in terms of revenue 87.10 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

  • North America Heat Shrink Tubing in Automotive Market to 2032, By Vehicle Type
    • Passenger Cars is the largest segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 34.01 USD Billion in the year 2024.
    • Electric Vehicle is the Fastest growing segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 12.18 % in forecast period 2025-2032.
  • North America Heat Shrink Tubing in Automotive Market to 2032, By Colour
    • Red is the largest segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 27.77 USD Billion in the year 2024.
    • Red is the Fastest growing segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 10.19 % in forecast period 2025-2032.
  • North America Heat Shrink Tubing in Automotive Market to 2032, By Material
    • Polyolefin is the largest segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 30.68 USD Billion in the year 2024.
    • Polyolefin is the Fastest growing segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 11.48 % in forecast period 2025-2032.
  • North America Heat Shrink Tubing in Automotive Market to 2032, By Application
    • Hoses is the largest segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 21.89 USD Billion in the year 2024.
    • Hoses is the Fastest growing segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 11.64 % in forecast period 2025-2032.
  • North America Heat Shrink Tubing in Automotive Market to 2032, By Type
    • Single Wall Shrink Tubing is the largest segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 57.06 USD Billion in the year 2024.
    • Dual Wall Shrink Tubing is the Fastest growing segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 10.21 % in forecast period 2025-2032.
  • North America Heat Shrink Tubing in Automotive Market to 2032, By Sales Channel
    • OEM is the largest segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 55.37 USD Billion in the year 2024.
    • OEM is the Fastest growing segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 11.27 % in forecast period 2025-2032.
  • North America Heat Shrink Tubing in Automotive Market to 2032, By Fuel Type
    • Petrol is the largest segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 45.31 USD Billion in the year 2024.
    • Electric is the Fastest growing segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 11.38 % in forecast period 2025-2032.
  • North America Heat Shrink Tubing in Automotive Market to 2032, By Voltage
    • Low Voltage is the largest segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a revenue of 43.40 USD Billion in the year 2024.
    • Low Voltage is the Fastest growing segment in North America Heat Shrink Tubing in Automotive Market to 2032 with a Growth rate of 11.63 % in forecast period 2025-2032.

North America Heat Shrink Tubing in Automotive Market Company Share Analysis

 
Company Name Company Share Analysis
TE Connectivity
ABB
Sumitomo Electric Industries, Ltd.
SHAWCOR
HellermannTyton
North America Heat Shrink Tubing in Automotive Market Company Share Analysis

North America Heat Shrink Tubing in Automotive Market Geographical Sales Distribution, 2018-2032 USD Billion

North America Heat Shrink Tubing in Automotive Market Geographical Sales Distribution, 2018-2032 USD Billion

North America Heat Shrink Tubing in Automotive Market Company Profiling

North America Heat Shrink Tubing in Automotive Market Company Profiling

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Frequently Asked Questions
The North America Heat Shrink Tubing in Automotive Market is segmented based on Segmentation Vehicle Type,Colour,Material,Application,Type,Sales Channel,Fuel Type,Voltage.
North America Heat Shrink Tubing in Automotive Market was valued at USD 87.10(Revenue in USD Billion) in 2021.
North America Heat Shrink Tubing in Automotive Market is projected to grow at a CAGR of 10.63% during the forecast period of 2024 to 2032.
The Single Wall Shrink Tubing segment is expected to dominate the North America Heat Shrink Tubing in Automotive Market, holding a largest market share of 57.06 USD Billion in 2024

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North America Heat Shrink Tubing in Automotive Market Scope

North America Heat Shrink Tubing in Automotive Market Segmentation & Scope
Vehicle Type
  • Electric Vehicle
  • HCV
  • HCV
  • LCV
  • Passenger Cars
Colour
  • Yellow
  • Red
  • Others
Material
  • Others
  • Ethylene Tetrafluoroethylene
  • Perfluoroalkoxy Alkanes 
  • Fluorinated Ethylene Propylene
  • Polytetrafluoroethylene
  • Polyvinyl Chloride
  • Polyolefin
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
Sales Channel
  • Aftermarket
  • OEM
Fuel Type
  • Electric
  • Diesel/CNG
  • Petrol
Voltage
  • High Voltage
  • Medium Voltage
  • Low Voltage
Frequently Asked Questions
The North America Heat Shrink Tubing in Automotive Market is segmented based on Segmentation Vehicle Type,Colour,Material,Application,Type,Sales Channel,Fuel Type,Voltage.
North America Heat Shrink Tubing in Automotive Market was valued at USD 87.10(Revenue in USD Billion) in 2021.
North America Heat Shrink Tubing in Automotive Market is projected to grow at a CAGR of 10.63% during the forecast period of 2024 to 2032.
The estimated market value of the North America Heat Shrink Tubing in Automotive Market for final year is USD 163.20 (USD Billion).

North America Heat Shrink Tubing in Automotive Market Company Profiling

North America Heat Shrink Tubing in Automotive Market Company Profiling
Frequently Asked Questions
The North America Heat Shrink Tubing in Automotive Market is segmented based on Segmentation Vehicle Type,Colour,Material,Application,Type,Sales Channel,Fuel Type,Voltage.
North America Heat Shrink Tubing in Automotive Market was valued at USD 87.10(Revenue in USD Billion) in 2021.
North America Heat Shrink Tubing in Automotive Market is projected to grow at a CAGR of 10.63% during the forecast period of 2024 to 2032.
The estimated market value of the North America Heat Shrink Tubing in Automotive Market for final year is USD 163.20 (USD Billion).

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