Report : Middle East and Africa Automotive Electrical Connector Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Cable Lugs, Battery Clamps, High Voltage Busbars, and Fuse Boxes), Vehicle Type [Passenger cars, Light Commercial Vehicle (LCV), and Medium and Heavy Commercial Vehicle (M&HCV)], and Powertrain Type [Internal Combustion Engine (ICE), Electric Vehicle (EV), Plug-In Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV)]
The passenger vehicle segment by vehicle type is estimated to lead the market growth during the forecast period.
According to a new market research study of “Middle East and Africa Automotive Electrical Connector Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type, Vehicle Type, By Powertrain Type and Country.” The Middle East and Africa automotive electrical connector market is expected to reach US$ 94.52 million by 2028 from US$ 68.11 million in 2021; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The report highlights trends prevailing in the Middle East and Africa automotive electrical connector market and the factors driving market along with those that act as hindrances.
Governments of various countries are imposing specific regulations to control diesel and petrol vehicle emissions. Due to this norm, vehicle manufacturers are shifting toward the production of plug-in hybrid vehicles, hybrid vehicles, and battery electric vehicles. Vehicle emission is the primary source of pollution globally, and vehicles such as cars, trucks, and buses are the major contributors in this category. The high efficiency of electric vehicles over conventional diesel and natural gas vehicles is among the key factors expected to drive the automotive electrical connectors market in the coming years. Also, the governments of various countries such as Saudi Arabia are offering subsidy schemes to promote the use of electric vehicles. Electric vehicles are a growing trend in the automotive industry, specifically in developed countries, while it is gradually rising in developing countries such as the UAE. The electric vehicle trend is creating a lucrative opportunity for the market and is supposed to boost the market growth during the forecast period of 2021–2028. For instance, according to the International Energy Agency (IEA), in 2019, ~2.1 million electric car sales were registered with a 6% year-on-year sales growth compared to 2018.
The automotive electrical connectors market in the Middle East and Africa is majorly affected by the disruption in the supply chain. Owing to the various containment measure initiated by the governments, such as travel restrictions, factory shutdown, and lockdowns, the supply and distribution of electronics and automotive equipment have been hampered. The demand for automotive electrical connectors has weakened over the past couple of months, which has impacted the revenue streams of players operating in this region. The global COVID-19 pandemic had a significant effect on global economies. Still, the region is anticipated to be especially impacted as there is already pressure on the economy of various oil-based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns, and restrictions on logistics are further aggravating the economic problems among the countries in the MEA. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on the growth of various industries in the region are expected to negatively impact the growth of the automotive electrical connectors market in 2020.
Based on type, the Middle East and Africa automotive electrical connectors market is segmented into cable lugs, battery clamps, high voltage busbars, and fuse boxes. Based on vehicle type, the Middle East and Africa automotive electrical connectors market has been segmented into passenger vehicle, light commercial vehicle (LCV), and medium and heavy commercial vehicle (M&HCV). In terms of powertrain type, the South America automotive electrical connectors market is segmented into internal combustion engine (ICE), electric vehicle (EV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). Geographically, the Middle East and Africa automotive electrical connector market is sub-segmented into South Africa and Rest of MEA.
Connor Manufacturing, Amphenol Corporation, Emerson Electric Co., Rogers Corporation, Molex, LLC, Difvan, and TE Connectivity Ltd. are among the leading companies operating in the Middle East and Africa automotive electrical connector market.
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