Registering a CAGR of 6.9% over the forecast period of 2022-2027, the global Medical Ventilators market is anticipated to reach the market value of $17110.52 million in the year 2027 from $10731.30 million in the year 2021.
Speedometer is a device that events the speed of a vehicle to monitor and preserve the vehicle speed. There are two configurations of speedometers in automobiles, mechanical and electronic. The automotive speedometer cable is an significant part of the speedometer that helps in measurement of the speed of the vehicle. A rotating flexible cable typically connected to the transmission gearbox of the vehicle is termed a speedometer cable. A small permanent magnet is connected to the automotive speedometer cable along with an aluminum cup which is attached to the analogue speedometer instruments. Automotive speedometer cables are designed in various forms and dimensions on the basis of the vehicle tire size and its rear gear ratio. Automotive speedometer cables are used in the original equipment manufacturers (OEM) production assembly as well as by aftermarket vendors for device replacement.
The fast increase in the production of vehicles across the globe is the major driving factor, which fuels the market of the automotive speedometer in the forecast period. An increase in the road safety parameters to reduce fatalities demand for automotive speedometer is likely to remain higher during the forecast period. However, when tires get worn out the accuracy of the speedometer is less and it shows variations in speed due to several factors such as diameters of wheels, the load of the vehicle, size of the vehicles, and other factors. These drive the growth of the market.
The Automotive Speedometer Cable Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes: ATP Automotive, JP Group, Tayoma Engineering Industries, R.S. International, SILCO CABLES, Speedy Cables, ABS, H.S. Taiwan Cable, Hans Pries, COFLE, Metzger, Freudenberg Group, Febi Bilstein and Others.
Industry News:
April 07, 2020: BizLink Holding Inc., a leading global interconnect solutions provider, announced it has completed the transaction to wholly acquire Speedy Industrial Supplies Pte Ltd. Speedy Industrial's financials will be consolidated into BizLink's.
By Type, it is segmented into
By Applications it is segmented into
Asia Pacific provides an optimistic outlook for automotive speedometer cable market in the coming years whereas, North America and Europe are estimated to hold the a hefty market value share.The steadily increasing investments in automobile industry in various countries such as Algeria and Morocco in Middle East & Africa is anticipated to further boost the automotive speedometer cable market.
The Automotive Speedometer Cable Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Automotive Speedometer Cable Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 6.9% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | ATP Automotive, JP Group, Tayoma Engineering Industries, R.S. International, SILCO CABLES, Speedy Cables, ABS, H.S. Taiwan Cable, Hans Pries, COFLE, Metzger, Freudenberg Group, Febi Bilstein and Others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 130 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Automotive Speedometer Cable Market is studied from 2017 - 2027.
What is the growth rate of Automotive Speedometer Cable Market?
The Automotive Speedometer Cable Market is growing at a CAGR of 6.9% over the next 5 years.
Who are the leading key players in Automotive Speedometer Cable Market?
ATP Automotive, JP Group, Tayoma Engineering Industries, R.S. International, SILCO CABLES, Speedy Cables, ABS, H.S. Taiwan Cable, Hans Pries, COFLE, Metzger, Freudenberg Group, Febi Bilstein and Others.
What regions regions does this Automotive Speedometer Cable Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Automotive Speedometer Cable Market?
Stainless Steel Material, Rubber Material, Plastic Material
What are the significant Applications of Automotive Speedometer Cable Market?
OEM, Aftermarket
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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