Automotive Control Cable Market will Account for Worth ~US$ 2.1 Bn by 2029

Posted by Vijay Kundekar on August 27th, 2019

A new market research study by Future Market Insights on the automotive control cable market contains global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the automotive control cable market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the ~US$ 2.1 Bn market for automotive control cable will witness a moderate 4% annual rise in the revenues, by 2019 end.

New vehicle model launches, and the spectacular rise in vehicle parc, have been the leading market growth influencers. While gains are majorly driven by the increasing demand for automotive vehicles, government mandates regarding anti-lock braking systems for passenger and commercial vehicles, are identified to remain the key growth determinants for market. This scenario will particularly prevail in developing countries, such as India, China, and Brazil, among others, according to FMI’s analysis.

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Vijay Kundekar

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Vijay Kundekar
Joined: August 22nd, 2019
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