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Automotive Terminals Market Share
TE Connectivity Ltd., Molex LLC, and Amphenol Corporation collectively held a substantial market share of over 35% in the automotive terminal industry in 2023. These industry leaders drive growth through innovative technologies and solutions tailored to automotive needs, focusing on efficiency, performance, and sustainability in terminal design. Their advancements in terminal technology enhance vehicle electrical systems and contribute to the overall functionality of modern vehicles.
As the automotive industry shifts towards electrification and advanced electronic systems, these companies are at the forefront of providing reliable and high-performance terminals that meet the evolving demands of consumers and manufacturers alike. Their efforts not only improve vehicle performance but also align with global trends towards sustainability and energy efficiency in transportation, shaping the future of the market.
Automotive Terminals Market Companies
Major players operating in the automotive terminal industry are:
- 3M Company
- Amphenol Corporation
- AVX Corporation
- Delphi Technologies
- Molex LLC
- Nexans S.A.
- Robert Bosch GmbH
- Sumitomo Electric Industries
- TE Connectivity Ltd.
- Yazaki Corporation
What is the market share of the OEM segment in the automotive terminals industry?
The OEM segment held more than 85% of the market share in 2023, due to significant production volumes and investment in advanced technologies. OEMs drive the demand for integrated terminal solutions as vehicles increasingly feature electrification and complex electronic systems.
How is the market segmented based on vehicle type?
The passenger vehicle segment accounted for over 80% of the market share in 2023 and is expected to exceed USD 30 billion by 2032, driven by the increasing demand for personal mobility and convenience, especially in emerging economies.
How big is the global automotive terminals market?
The market size of automotive terminals reached USD 22.4 billion in 2023 and is set to grow at a CAGR of 8.6% from 2024 to 2032, led by the increasing demand for electric vehicles (EVs).
Who are the leading players in the automotive terminals industry?
The major players in the industry include 3M Company, Amphenol Corporation, AVX Corporation, Delphi Technologies, Molex LLC, Nexans S.A., Robert Bosch GmbH, Sumitomo Electric Industries, TE Connectivity Ltd., and Yazaki Corporation.
What is the significance of China's involvement in the automotive terminals market?
China market accounted for 60% of the revenue share in 2023 and is poised to surpass USD 10 billion by 2032, due to China's position as the largest automotive manufacturing hub globally, supported by a vast network of suppliers and manufacturers.