DUBLIN, Jan. 27, 2023 /PRNewswire/ — The “Automotive Fuse – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Automotive Fuse Market to Reach $26.9 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Automotive Fuse estimated at US$19.3 Billion in the year 2022, is projected to reach a revised size of US$26.9 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030. Blade, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$11.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Glass Tube segment is readjusted to a revised 3.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.3 Billion, While China is Forecast to Grow at 7.1% CAGR
The Automotive Fuse market in the U.S. is estimated at US$5.3 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.6 Billion by the year 2030.
Select Competitors (Total 42 Featured) –
- AEM Components, Inc.
- Eaton Corporation PLC
- ETA Circuit Breakers
- Fuzetec Technology Co., Ltd.
- Littelfuse, Inc.
- Mersen Corporate Services SAS
- ON Semiconductor Corporation
- Optifuse
- Pacific Engineering Corporation
- Schurter AG
- Sensata Technologies, Inc.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Automotive Fuse: An Overview
- Automotive Fuse Market in Developed Regions: An Insight
- Asia-Pacific to Lead Automotive Fuse Market
- Automotive Fuse – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increased Demand for Commercial and Passenger Vehicles Propels the Market
- Rise in Applications of High-Voltage Architecture Fuels Demand for Automotive Fuses Market
- Enhanced Battery Capacity to Push High Voltage Fuse Market
- Unorganized Aftermarket Sector Poses a Challenge
- Launch of Autonomous and Semi-Autonomous Vehicles Provide Market Opportunities
- Restricted Advances in Low Voltage Fuses Stalls Market Growth
- Vehicle Comfort and Safety Advancements in Mid-Tier Vehicles Drives the Market
- Rise in Sales of Premium Vehicles Offer Excellent Growth Opportunities
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes
- AEM Components, Inc.
- Eaton Corporation PLC
- ETA Circuit Breakers
- Fuzetec Technology Co., Ltd.
- Littelfuse, Inc.
- Mersen Corporate Services SAS
- ON Semiconductor Corporation
- Optifuse
- Pacific Engineering Corporation
- Schurter AG
- Sensata Technologies, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/13hr59-fuse?w=5
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SOURCE Research and Markets
