New York, May 2, 2018: The automotive wire and cable materials market is expected to exceed more than US$ 6 Billion by 2023; Growing at a CAGR of more than 6% in the given forecast period.

    The scope of the report includes a detailed study of global and regional markets for various types of automotive wire and cable materials with the reasons given for variations in the growth of the industry in certain regions.

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Leoni AG, Coficab Tunisie SA, Yazaki Corporation, Draka Holding N.V., and Sumitomo Electric Industry. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

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    The Automotive wire and cable materials Market has been segmented as below:

    By Product Segment Analysis

    Polyvinyl Chloride (PVC)
    Cross linked polyethylene (XLPE)
    Thermoplastic polyurethane (TPU)
    Polyphenylene ether (PPE)
    Polypropylene (PP)
    Others (Co- polyester elastomer, ethylene propylene rubber, neoprene, polyurethane and fluoropolymers)

    By Regional Analysis

    North America
    Europe
    Asia-Pacific
    Middle East and Africa
    Rest of the World

    The automotive wire and cable materials market is segmented on the lines of its product and regional. Based on product segmentation the automotive wire and cable materials covers polyvinyl chloride (PVC), cross linked polyethylene (XLPE), thermoplastic polyurethane (TPU), polyphenylene ether (PPE), polypropylene (PP), others such as co- polyester elastomer, ethylene propylene rubber, neoprene, polyurethane and fluoropolymers. The automotive wire and cable materials market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

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    The major driving factors of automotive wire and cable materials market are as follows:

    Restoration of U.S. economy introduce new demand for automotive cable and wire market
    Increasing automotive demand to propel market for cables and wire globally

    The restraining factors of automotive wire and cable materials market are as follows:

    Disposal of automotive cables and wires
    Environmental concerns about recycling
    Sharp decline in automotive demand

    This report provides:

    1) An overview of the global market for automotive wire and cable materials and related technologies.
    2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2023.
    3) Identifications of new market opportunities and targeted promotional plans for automotive wire and cable materials.
    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry.

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    Source: http://www.financeswire.com/automotive-wire-and-cable-materials-market-global-industry-analysis-by-2022