Automotive Terminal Market Forecasts to 2028 – Global Analysis By Off-Highway Vehicle (Agricultural and Construction), On-Highway Vehicle (PC, LCV and HCV), Current Rating, Propulsion Type, Product, Type, Application and By Geography
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.
An automotive terminal is an electronic or electromechanical device that is used to connect, load, or charge cells or batteries. Automotive terminals come in various sizes, specifications, and designs. Terminals are fitted at the end of wires either with the help of a fastener or connector. Connections to these terminals are either temporary or permanent and the design and size of the terminals depend on the end-use in the automobiles sector.
Based on the application, the battery system segment is estimated to have a lucrative growth due to the increasing number of battery packs in a vehicle for carrying out multiple applications. It also supplies additional power when the demand is higher than the alternator’s capacity and acts as an electrical reservoir.
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)
• Spade Type
• Crimp Type
• Screw Terminals
• Terminal Strips
• Wire Wrap
• Battery Terminal
• Battery System
• Body Control & Interiors
• Cooling, Engine & Emission Control
• In-Vehicle Infotainment Systems
• Lighting System
• Safety & Security System
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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