According to Stratistics MRC, the Global Automotive Terminal Market is accounted for $17.01 billion in 2020 and is expected to reach $41.51 billion by 2028 growing at a CAGR of 11.8% during the forecast period. While the factors like growing demand for automotive safety systems supported by government mandates and the rising number of electrical systems in the vehicle are propelling the market growth. However, terminals that are capable of handling vibration requirements are hampering the market growth.
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By geography, the Asia Pacific holds the largest share in the market due to the increase in vehicle production and government mandates regarding the active and passive safety of vehicles. Rising investment in infrastructure, construction activities, and increasing vehicle sales are also projected to drive the growth in this region.
Some of the key players profiled in the Automotive Terminal Market include Delphi Technologies, Aptiv, Furukawa Electric, Grote Industries, Inc., Haldex, Hitachi Metals, Keats Manufacturing, Kyungshin, Lear Corporation., Molex, LLC, PKC Group Ltd, Sumitomo Electric Industries, Ltd., TE Connectivity, Viney Corporation Limited, and Yazaki.
Off-Highway Vehicles Covered:
• Agricultural Vehicle
• Construction Vehicle
On-Highway Vehicles Covered:
• Passenger Cars (PC)
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
Current Ratings Covered:
• Below 40 Ampere
• 41–100 Ampere
• Above 100 Ampere
Propulsion Types Covered:
• Internal Combustion Engine (ICE)
• Electric Vehicles (EVs)
Products Covered:
• Spade Type
• Crimp Type
Types Covered:
• Connectors
• Leads
• Screw Terminals
• Terminal Strips
• Wire Wrap
• Battery Terminal
Applications Covered:
• Battery System
• Body Control & Interiors
• Cooling, Engine & Emission Control
• In-Vehicle Infotainment Systems
• Lighting System
• Safety & Security System
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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