Trends, opportunities and forecast in automotive power distribution box market to 2024 by type (hardwired and configurable), by component (fuse, relay and others), vehicle type (passenger cars, light commercial vehicles, and electric vehicles), end-user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the global automotive power distribution box market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The global automotive power distribution box market is expected to reach an estimated $16.5 billion by 2024 with a CAGR of 8.5% from 2019 to 2024.
The major drivers of growth for this market are growing electronic content per vehicle, growth in vehicle production, and stringent government regulation for passenger safety.
Browse 77 market data tables and 102 figures spread through 170 pages and in-depth TOC on “Global Automotive Power Distribution Box Market"
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In this market, different types of automotive power distribution box such as hardwired and configurable are used as type.
On the basis of its comprehensive research, Lucintel forecasts that the configurable power distribution box will remain the largest segment due to increasing use of microcontrollers and multiple circuit boards per vehicle.
Within the global automotive power distribution box market, passenger cars will remain the largest market due to increasing production of small and compact cars. Electric vehicle is expected to witness the highest growth over the forecast period as electric vehicle contains a lot of electrical components which indirectly increases the consumption of more power distribution boxes per electric car.
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Asia Pacific is expected to remain the largest region due to the higher vehicle production and economic growth. Europe is expected to witness significant growth over the forecast period due to growth in electronic cockpit system.
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Emerging trends, which have a direct impact on the dynamics of the automotive power distribution box industry, include the introduction of Y-splitter modular systems for high-voltage power distribution boxes and the development of compact lightweight configurable power distribution. Eaton, Lear, Sumitomo Electric, TE Connectivity, Yazaki, Littelfuse, Leoni Group, Furukawa Electric Group, PKC Group, Minda Corporation and others are among the major automotive power distribution box manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global automotive power distribution box market by type, by component type, vehicle type, end-user, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Automotive Power Distribution Box Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive power distribution box market by type, by component type, vehicle type, end-user, and region as follows:
By Type [$M shipment analysis for 2013 – 2024]:
By Component [$M shipment analysis for 2013 – 2024]:
By Vehicle Type [$M shipment analysis for 2013 – 2024]:
- Passenger cars
- Light commercial vehicles
- Electric Vehicles
By End User [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
- North America
- United States
- United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
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This 170-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, click on this link www.lucintel.com/automot…arket.aspx
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