Europe 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), Country (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe) Industry Trends and Forecast to 2028
Market Analysis and Insights: Europe Heat Shrink Tubing for Automotive Market
The Europe heat shrink tubing for automotive market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.1% in the forecast period of 2021 to 2028 and is expected to reach USD 97,717.40 thousand by 2028. The growing demand for a vehicle wiring harness for automotive safety systems is e expected to drive the market's growth significantly.
Heat shrink tubing is used to insulate wire providing abrasion resistance and environmental protection for the stranded solid wire conductors with connections, joints, and terminals in electrical work. In general, a tube with a lower shrink temperature will shrink faster. When heat shrink tubing is wrapped around wire arrays and electrical components, it collapses radially to fit the contours of the equipment, forming a protective layer. It can protect against abrasion, low impact, cuts, moisture, and dust by covering individual wires or encasing entire arrays. Plastic manufacturers begin by extruding a thermoplastic tube to create heat shrink tubing. Heat shrink tubing materials vary depending on the intended application.
An increase in the demand for a wide range of insulating materials for preventive maintenance is the major driving factor in the Europe heat shrink tubing for automotive market. Lack of operator expertise about the installation of heat shrinking tubes can prove to be a challenge. However, automation in the heat shrink tubing process can be an opportunity for the market. The stringent government regulations on the emission of toxic gases restrain the Europe heat shrink tubing for automotive market.
The Europe heat shrink tubing for automotive market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Europe heat shrink tubing for automotive market scenario, contact Data Bridge Market Research for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Europe Heat Shrink Tubing for Automotive Market Scope and Market Size
The Europe heat shrink tubing for automotive market is segmented into eight notable segments based on application, material, type, sales channel, colour, voltage, fuel type and vehicle type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the heat shrink tubing for automotive market is segmented into hoses, connectors, ring terminals, in-line splices, brake pipes, diesel injection clusters, under bonnet cable protection, gas pipes, miniature splices. In 2021, the hoses segment is expected to dominate the market because better insulation and safety measures are required for hoses.
- On the basis of material, the heat shrink tubing for automotive market is segmented into polyolefin, polyvinyl chloride, polytetrafluoroethylene, fluorinated ethylene propylene, perfluoroalkoxy alkane, ethylene tetrafluoroethylene and others. In 2021, the polyolefin segment is expected to dominate the market due to its non-corrosive properties.
- On the basis of colour, the heat shrink tubing for automotive market is segmented into red, yellow and others. In 2021, the red segment is expected to dominate the market as it is highly used in major applications like main circuit wiring.
- On the basis of type, the heat shrink tubing for automotive market is segmented into single wall shrink tubing and dual wall shrink tubing. In 2021, the single wall shrink tubing segment is expected to dominate the market because of cheaper cost and equivalent performance than dual-wall shrink tubing.
- On the basis of voltage, the heat shrink tubing for automotive market is segmented into low, medium and high. In 2021, the low voltage segment is expected to dominate the market because of the currently higher number of low voltage vehicles available due to government regulations.
- On the basis of fuel type, the heat shrink tubing for automotive market is segmented into petrol, diesel/CNG and electric. In 2021, the petrol segment is expected to dominate the market as it is one of the oldest fuels used for automotive with excellent combustion features.
- On the basis of sales channel, the heat shrink tubing for automotive market is segmented into OEM and aftermarket. In 2021, the OEM segment is expected to dominate the market because consumers prefer the best quality and exact fit.
- On the basis of vehicle type, the heat shrink tubing for automotive market is segmented into passenger cars, LCV, HCV and electric vehicles. In 2021, the passenger cars segment is expected to dominate the market due to the growing demand for private passenger vehicles as the population is increasing.
Europe Heat Shrink Tubing for Automotive Market Country Level Analysis
The Europe heat shrink tubing for automotive market is analyzed, and market size information is provided by the country, application, material, type, sales channel, colour, voltage, fuel type and vehicle type as referenced above.
The countries covered in the Europe heat shrink tubing for automotive market report are Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe. Germany dominates the European region due to the rise in technological advancements and wire harnessing technology for vehicle safety purposes.
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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of European brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Rise in technological advancements to increase vehicle performance is boosting the market growth of Europe heat shrink tubing for automotive market
The Europe heat shrink tubing for automotive market also provides you with detailed market analysis for every country growth in a particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for the historical period 2010 to 2019.
Competitive Landscape and Europe Heat Shrink Tubing for Automotive Market Share Analysis
The Europe heat shrink tubing for automotive market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the Europe heat shrink tubing for automotive market.
Some of the major players operating in the Europe heat shrink tubing for automotive market are ABB, IS-Rayfast Ltd, SHAWCOR, Sumitomo Electric Industries, Ltd., Zeus Industrial Products, Inc., HellermannTyton, Autosparks, 3M, Dasengh, Inc., Huizhou Guanghai Electronic Insulation Materials Co.,Ltd., Alpha Wire, GREMCO GmbH, The Zippertubing Company, RADPOL S.A., Molex, TE Connectivity, Panduit, among others.
Many contracts and agreements are also initiated by the companies worldwide, which are also accelerating the Europe heat shrink tubing for automotive market.
For instance,
- In July 2021, Molex accelerates the path to Industry 4.0 with expanded Industrial Automation Solutions (IAS4.0) and New Flexible Automation Modules (FAMs). This expansion helps in empowering supply chain stakeholders to build software-defined machines, robots and production lines that meet escalating demands for connected, secure, scalable and efficient operations. This expansion helped in developing the product portfolio and increased the revenue of the company
- In January 2021, Panduit announced that it had signed a partnership with Cailabs, a French deep tech company and global leader in light beam shaping, for the global rights to integrate Cailabs technology within Panduit’s innovative One Mode product portfolio, which helps in improving the product portfolio of the company
SKU-