DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bs79bf/global_and) has announced the addition of the "Global and Chinese Automotive Connector Industry Report, 2014-2015" report to their offering.
As the most potential segment in the connector industry, automotive connectors will trigger the market value of USD12.7 billion (up 5.3% from 2013) in 2014, whilst the global connector market is expected to hit USD50.2 billion (representing a slight increase of 2.6% compared with 2013). The growth of the automotive connector market is attributed to: First, the intensified automotive electronization (especially PEVs and PHEVs) generates more demand for connectors. Second, Chinese and American automotive markets grow strongly, particularly luxury cars and SUVs featured with higher electronization degree and higher requirements on quality grow aggressively.
Although the Chinese sedan market underperforms, the SUV market has maintained the growth rate of more than 40% and the luxury car market has also performed well. In 2015, the global automotive connector market is expected to grow 3.5% and reach USD13.1 billion; the overall connector market is expected to grow slightly by 2.2%.
Automotive connector companies can be divided into three types, namely versatile connector companies, automotive wiring harness companies and professional automotive connector companies. Although covering a broad business scope, numerous versatile connector companies lack growth potentials. Automotive wiring harness companies and professional automotive connector companies have more potentials and high profitability.
Key Topics Covered:
1. Global Automobile Market
2. China Automobile Market
3. Automotive Connector Market and Industry
4. Automotive Connector Manufacturers
- Hu Lane Associate Inc.
- Sumitomo Electric Industries
- Te Connectivity
For more information visit http://www.researchandmarkets.com/research/bs79bf/global_and