North America 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), & 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 North America automotive electrical connector market is expected to reach US$ 328.56 million by 2028 from US$ 199.48 million in 2021; it is estimated to grow at a CAGR of 7.4% from 2021 to 2028.
Improving power distribution architecture and rising electrification of vehicles across the globe are fueling the market growth. However, a continuous decline in vehicle production volume is expected to restrict the market growth during the forecast period.
The automotive industry is growing with the advancements in electronics and electrical systems of vehicles. The advent of connected cars, electric cars, and hybrid cars is accelerating the automotive industry's growth due to enhanced features in these vehicles. Automobile companies are offering maximum features for the customers to enhance their driving experience. The numerous developments in vehicles have increased vehicles' electrical systems' count as more connected technologies are integrated into vehicles. There is an increase in the importance of automotive electrical connectors as they form an efficient connection for power transmission. Electrical connectors such as busbars and fuse boxes play a vital role in the automotive industry.
To distribute power effectively, specifically in electric vehicles, the demand for high voltage busbars is rising, which is driving the market. For instance, in March 2020, Royal Power Solutions, a supplier of automotive components, introduced a new connector and conductor product for electric vehicles and hybrid vehicles. The company introduced a new High-Power Lock Box (HPLB) connector and RigiFlex busbar with integrated HPLB terminals. Similarly, in March 2021, Furukawa Electric Co., Ltd started to deliver high-voltage power distribution component modules, such as busbars, for Toyota MIRAI and other hydrogen fuel cell vehicles. The increasing electrification in vehicles creates a need for advanced connectors such as high voltage busbars and fuse boxes, which is driving the market.
The US is the most affected country in North America due to the COVID-19 outbreak. The growing number of infections has led the government to impose various containment measures such as factory shutdowns, travel restrictions, closure of international borders, and lockdowns. The massive increase in the number of confirmed cases and rise in reported deaths in the country has affected both manufacturing and sales of materials associated with automotive electrical connectors.
The automotive original equipment manufacturers (OEMs) and the players within the electronic vehicle industry are the ones among the hardest hit due to the pandemic. COVID-19 is likely to pose a lasting impact on mobility as it has led to a dramatic change in consumer behaviors, macroeconomic environment, and regulatory changes. The market witnessed a downfall at the beginning of the pandemic; however, with the increased recovery of patients and slowdown in the exponential growth of the COVID-infected patients, the scenario started to improve and witness an uptrend in the case of the electric vehicle industry as well.
The region is expecting market recovery and economic improvement with the start of the COVID-19 vaccination. However, companies' risk remains with the market uncertainties from a tough business environment associated with the unfavorable foreign exchange rate, raw material price, and logistics cost.
North America Automotive Electrical Connector Market Revenue and Forecast to 2028 (US$ Mn)
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NORTH AMERICA AUTOMOTIVE ELECTRICAL CONNECTOR MARKET SEGMENTATION
By Type
- Cable Lugs
- Battery Clamps
- High Voltage Busbars
- Fuse Boxes
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicle (LCV)
Medium and Heavy Commercial Vehicle (M&HCV)
By Powertrain Type
- Pharmaceutical Industry
- Biotechnology Industry
- Medical Device Manufacturers
- Hospitals
- Others
By Country
- US
- Canada
- Mexico
Company Profiles
- INTERCABLE srl
- Connor Manufacturing
- Amphenol Corporation
- Emerson Electric Co.
- Rogers Corporation
- Molex, LLC
- TB&C
- Difvan
- TE Connectivity Ltd.
- Flex-Cable Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automotive Electrical Connectors Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Ecosystem Analysis
5. Automotive Electrical Connectors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Electrification of Vehicles
5.1.2 Improving Power Distribution Architecture
5.2 Market Restraints
5.2.1 Continuous Decline in Vehicle Production Volume
5.3 Market Opportunities
5.3.1 Rising Development in Battery Systems
5.4 Future Trends
5.4.1 Increasing Demand for Electric Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Electrical Connectors –North America Market Analysis
6.1 Automotive Electrical Connectors Market Overview
6.2 Automotive Electrical Connectors Market Revenue Forecast and Analysis
7. Automotive Electrical Connectors Market Revenue and Forecast to 2028 – By Type
7.1 Overview
7.2 Automotive Electrical Connectors Market, by Type (2020 & 2028)
7.3 Cable Lugs
7.3.1 Overview
7.3.2 Cable Lugs: Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
7.4 Battery Clamps
7.4.1 Overview
7.4.2 Battery Clamps: Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
7.5 High Voltage Busbars
7.5.1 Overview
7.5.2 High Voltage Busbars: Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
7.6 Fuse Boxes
7.6.1 Overview
7.6.2 Fuse Boxes: Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
8. Automotive Electrical Connectors Market Analysis and Forecast to 2028 – By Vehicle Type
8.1 Overview
8.2 Automotive Electrical Connectors Market, by Vehicle Type (2020 & 2028)
8.3 Passenger Vehicle
8.3.1 Overview
8.3.2 Passenger Vehicle: Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
8.4 Light Commercial Vehicle (LCV)
8.4.1 Overview
8.4.2 Light Commercial Vehicle (LCV): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
8.5 Medium and Heavy Commercial Vehicle (M&HCV)
8.5.1 Overview
8.5.2 Medium and Heavy Commercial Vehicle (M&HCV): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
9. Automotive Electrical Connectors Market Analysis and Forecast to 2028 – By Powertrain Type
9.1 Overview
9.2 Automotive Electrical Connectors Market, by Powertrain Type (2020 & 2028)
9.3 Internal combustion engine (ICE)
9.3.1 Overview
9.3.2 Internal Combustion Engine (ICE): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
9.4 Electric Vehicle (EV)
9.4.1 Overview
9.4.2 Electric Vehicle (EV): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
9.5 Plug-in Hybrid Electric Vehicle (PHEV)
9.5.1 Overview
9.5.2 Plug-In Hybrid Electric Vehicle (PHEV): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
9.6 Hybrid Electric Vehicle (HEV)
9.6.1 Overview
9.6.2 Hybrid Electric Vehicle (HEV): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
10. Automotive Electrical Connectors Market – North America Analysis
10.1 North America: Automotive Electrical Connectors Market
10.1.1 North America: Automotive Electrical Connectors Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2 North America: Automotive Electrical Connectors Market, by Type
10.1.3 North America: Automotive Electrical Connectors Market, by Vehicle Type
10.1.4 North America: Automotive Electrical Connectors Market, by Powertrain Type
10.1.5 North America: Automotive Electrical Connectors Market, by Key Country
10.1.5.1 US: Automotive Electrical Connectors Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.1.1 US: Automotive Electrical Connectors Market, by Type
10.1.5.1.2 US: Automotive Electrical Connectors Market, by Vehicle Type
10.1.5.1.3 US: Automotive Electrical Connectors Market, by Powertrain Type
10.1.5.2 Canada: Automotive Electrical Connectors Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.2.1 Canada: Automotive Electrical Connectors Market, by Type
10.1.5.2.2 Canada: Automotive Electrical Connectors Market, by Vehicle Type
10.1.5.2.3 Canada: Automotive Electrical Connectors Market, by Powertrain Type
10.1.5.3 Mexico: Automotive Electrical Connectors Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.3.1 Mexico: Automotive Electrical Connectors Market, by Type
10.1.5.3.2 Mexico: Automotive Electrical Connectors Market, by Vehicle Type
10.1.5.3.3 Mexico: Automotive Electrical Connectors Market, by Powertrain Type
11. Automotive Electrical Connectors Market - COVID-19 Impact Analysis
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative: Expansion
12.3 Mergers and Acquisitions
13. Company Profiles
13.1 INTERCABLE srl
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Connor Manufacturing
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Amphenol Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Emerson Electric Co.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Rogers Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Molex, LLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 TB&C
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 difvan
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 TE Connectivity Ltd.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Flex-Cable Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America: Automotive Electrical Connectors Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Automotive Electrical Connectors Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Automotive Electrical Connectors Market, by Powertrain Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Automotive Electrical Connectors Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Automotive Electrical Connectors Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Automotive Electrical Connectors Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Automotive Electrical Connectors Market, by Powertrain Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Automotive Electrical Connectors Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Automotive Electrical Connectors Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Automotive Electrical Connectors Market, by Powertrain Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Automotive Electrical Connectors Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Automotive Electrical Connectors Market, by Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Automotive Electrical Connectors Market, by Powertrain Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Automotive Electrical Connectors Market Segmentation
Figure 2. Automotive Electrical Connectors Market Segmentation – By Country
Figure 3. North America Automotive Electrical Connectors Market Overview
Figure 4. Automotive Electrical Connectors Market, by Type
Figure 5. Automotive Electrical Connectors Market, By Powertrain Type
Figure 6. Automotive Electrical Connectors Market, By Country
Figure 7. North America – PEST Analysis
Figure 8. Automotive Electrical Connectors Market: Ecosystem Analysis
Figure 9. World Motor Vehicle Production – by Vehicle Type, Million
Figure 10. Automotive Electrical Connectors Market Impact Analysis of Drivers and Restraints
Figure 11. Automotive Electrical Connectors Market Revenue Forecast and Analysis (US$ Million)
Figure 12. Automotive Electrical Connectors Market, by Type (2020 & 2028)
Figure 13. Cable Lugs: Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Battery Clamps: Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. High Voltage Busbars: Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Fuse Boxes: Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Automotive Electrical Connectors Market, by Vehicle Type (2020 & 2028)
Figure 18. Passenger Vehicle: Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Light Commercial Vehicle (LCV): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Medium and Heavy Commercial Vehicle (M&HCV): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Automotive Electrical Connectors Market, by Powertrain Type (2020 & 2028)
Figure 22. Internal Combustion Engine (ICE): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Electric Vehicle (EV): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Plug-In Hybrid Electric Vehicle (PHEV): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Hybrid Electric Vehicle (HEV): Automotive Electrical Connectors Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Automotive Electrical Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America: Automotive Electrical Connectors Market Revenue Share, by Type (2020 & 2028)
Figure 28. North America: Automotive Electrical Connectors Market Revenue Share, by Vehicle Type (2020 & 2028)
Figure 29. North America: Automotive Electrical Connectors Market Revenue Share, by Powertrain Type (2020 & 2028)
Figure 30. North America: Automotive Electrical Connectors Market Revenue Share, by Key Country (2020 & 2028)
Figure 31. US: Automotive Electrical Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: Automotive Electrical Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: Automotive Electrical Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in North American Country Markets
- INTERCABLE srl
- Connor Manufacturing
- Amphenol Corporation
- Emerson Electric Co.
- Rogers Corporation
- Molex, LLC
- TB&C
- Difvan
- TE Connectivity Ltd.
- Flex-Cable Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America automotive electrical connector market.
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