Automotive Terminal Market Research Report – Forecast to 2023. Automotive Terminals are an electronic or electromechanical device that is used to connect load or charger with the cell or batteries. Automotive terminals come in various sizes, specifications, and designs. Terminal designs and sizes also depend on the end-use in the automobiles. A terminal is fitted at the end of the wire either with a fastener or connector. The terminal connection can either be temporary or permanent.
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Global automotive terminal market is segmented into current rating, vehicle type, application, and region. On the basis of current rating segment, the market has been segmented into less than 50 Ampere, 50-100 Ampere, and more than 100 Ampere. On the basis of vehicle type segment, the market has been segmented into passenger vehicle and commercial vehicle. On the basis of application, the market has been segmented into Body Control & Interiors, Safety & Security, Cooling, Engine & Emission Control, Infotainment, Lighting System, and Battery System. Battery system will hold the largest market share in the base year and continue to grow over the forecast period.
Geographically, the global automotive terminal market has been divided into four major regions of North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific will hold the largest market share in terms of value and volume owing to development in infrastructure, increased vehicle sales, and government regulations regarding safety devices in the vehicles. Asia Pacific will grow at the highest growth rate during the forecast period followed by North America and Europe.
The prominent players in the automotive terminal market include TE Connectivity Ltd. (Switzerland), Sumitomo Electric Industries, Ltd. (Japan), Delphi Plc (U.K), Lear Corporation (U.S.), and Furukawa Electric Co., Ltd. (Japan). PKC Group (Finland), Molex, LLC (U.S.), Grote Industries (U.S.), Keats Manufacturing Co. (U.S.), and Viney Corporation Limited (India) are among others.
The report for Global Automotive Terminal Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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