Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 3,490.73 Million |
| USD 6,088.00 Million | |
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Global Heat Shrink Tubing for Automotive Market, By Application (Hoses, Connectors, Ring Terminals, In-Line Splices, Brake Pipes, Diesel Injection Clusters, Under Bonnet Cable Protection, Gas Pipes, Miniature Splices), Material (Polyolefin, Polyvinyl Chloride, Polytetrafluoroethylene, Fluorinated Ethylene Propylene, Perfluoroalkoxy Alkane, Ethylene Tetrafluoroethylene, and Others), Color (Red, Yellow and Others), Type (Single Wall Shrink Tubing and Dual Wall Shrink Tubing), Voltage (Low, Medium and High), Fuel Type (Petrol, Diesel/CNG and Electric), Sales Channel (OEM and Aftermarket), Vehicle Type (Passenger Cars, LCV, HCV, and Electric Vehicles) – Industry Trends and Forecast to 2030.
The heat shrink tubing for automotive is expected to grow significantly due to an increased demand for an extensive range of insulating materials for protective maintenance. Now, manufacturers have been capable of designing effective heat shrink tubing that can work even at 65°C to +260°C and provide efficient protection against moisture and water. Moreover, increasing demand for eco-friendly materials along with growth of distribution channels and original equipment manufacturer (OEM) will continue towards increasing sales of heat shrink tubing during the forecast period.
Data Bridge Market Research analyses that the heat shrink tubing for automotive market is expected to reach USD 6088 million by 2030, which is USD 3490.73 million in 2022, registering a CAGR of 7.20% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Hoses, Connectors, Ring Terminals, In-Line Splices, Brake Pipes, Diesel Injection Clusters, Under Bonnet Cable Protection, Gas Pipes, Miniature Splices), Material (Polyolefin, Polyvinyl Chloride, Polytetrafluoroethylene, Fluorinated Ethylene Propylene, Perfluoroalkoxy Alkane, Ethylene Tetrafluoroethylene, and Others), Color (Red, Yellow and Others), Type (Single Wall Shrink Tubing and Dual Wall Shrink Tubing), Voltage (Low, Medium and High), Fuel Type (Petrol, Diesel/CNG and Electric), Sales Channel (OEM and Aftermarket), Vehicle Type (Passenger Cars, LCV, HCV, and Electric Vehicles)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Molex (U.S.), TE Connectivity (Switzerland),, and Panduit (U.S.), ABB (Switzerland), 3M (U.S.), RADPOL S.A (Poland), The Zippertubing Company (U.S.), Dee Five (India), Insultab, PEXCO (U.S.), SHAWCOR (Canada), Sumitomo Electric Industries, Ltd. (Japan), Zeus Company Inc. (U.S.), HellermannTyton (U.K.), Shenzhen Woer Heat - Shrinkable Material Co., Ltd. (China), Techflex, Inc. (U.S.), Texcan (Canada), Alpha Wire (China)
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Market Opportunities
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Market Definition
Heat shrink tubing is a heat shrinkable plastic tube which shrinks when heated. These tubing offer abrasion, corrosion, cutting and scuff resistance. Heat shrink tubing is perfect for usage in places where dust, moisture and chemicals are present. Heat shrink tubes are mainly made from numerous chemical compositions. These tubes are made up of thermoplastics such as polyvinyl chloride and polyolefin in a generic way. Heat shrink tubing are used to cover the area that has to be protected.
Drivers
The demand for the polyolefin based heat shrink tubing increases in automotive sector during the forecast period due to their multiple advantages. Polyolefin are abrasion and flame resistant, remarkably flexible and have good physical, chemical and electrical properties. Polyolefin produces a dense and high-molecular-weight network which increases impact strength, abrasion resistance and ESCR, creep without affecting density or tensile strength. Therefore, the increasing demand of polyolefin in the manufacture of heat shrink tubing for automotive is expected to drive the growth rate of the market
One of the major drivers of the heat shrink tubing industry is the rise in the demand for electric vehicles and sales globally. Electric vehicle drove the increase in the company's sales during the forecast period. The heat shrink tubing can be applied in automotive tubing systems of electric vehicle, in which including power steering return hoses, water drain tubing, fuel line protection tubing, ABS tubing, air conditioning aluminum tubing, ATF tubing formulated for automotive engines, fuel system tubing, water-cooling system tubing, and air conditioning hoses..
Opportunities
The automotive sector has worked with major technology companies to provide the safest, advanced and most comfortable vehicles out there. Cars are becoming large smart devices with advanced emergency braking capabilities, better fuel efficiency , mapping technology for autonomous driving and cars as a service as a form of transportation. For instance, Sumitomo Electric Industries, Ltd. has launched cross-linked fluororesin FEX tape. The major characteristics of this product was its technology because it is used two major technologies such as electron beam irradiation technology and fluorine processing technology, which provided 1,000 times more resistance to wear than other conventional fluororesin (PTFE) tape. As a result of this it is used in the automotive sector,
Restraints/ Challenges
Heat shrink tubing’s are only sold in large automotive sectors due to a lack of information regarding the benefits of this tubing. The biggest and foremost difficulty for major market players in automotive sector is popularising the product and spreading knowledge regarding safety aspects of electrical shrink wrap among the general automotive sectors.
This heat shrink tubing for automotive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the heat shrink tubing for automotive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
The heat shrink tubing for automotive market is segmented on the basis of application, material, color, type, voltage, fuel type, sales channel and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
Material
Color
Type
Voltage
Fuel Type
Sales Channel
Vehicle Type
The heat shrink tubing for automotive market is analyzed and market size insights and trends are provided by country, application, material, color, type, voltage, fuel type, sales channel and vehicle type as referenced above.
The countries covered in the heat shrink tubing for automotive market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the heat shrink tubing for automotive market in terms of revenue and market share owing to the strong presence of heat shrink tubing manufacturers and vast industrial infrastructure in this region.
North America will continue to project the highest growth rate during the forecast period of 2023-2030 owing to the rapid growth in automotive technology. Furthermore, quality usage of heat shrink tubing and high standards of cables and wires will further boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The heat shrink tubing for automotive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to heat shrink tubing for automotive market.
Some of the major players operating in the heat shrink tubing for automotive market are:
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Heat Shrink Tubing For Automotive Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Heat Shrink Tubing For Automotive Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.