According to the international Market research firm Future Market Insights to the report, in 2016 the global auto cable material Market earnings to grow by 7.3%, to $3.9 billion.
Market growth is mainly thanks to pay more and more attention to for car safety, maintenance, and in-car entertainment and increasing navigation system installation. Stable sales is also good for the market, especially in the asia-pacific region, including China and India will see growing demand.

Although auto cable materials market growth in 2016 will remain stable, but emerging trends will continue to play an important role in shaping the market. Internet technology and the innovation of the hybrid cars, as well as copper and aluminum technology is expected to affect 2016 and the future trend of manufacturing.
Polyvinyl chloride (PVC) will continue to be a production car cable of the most popular materials. In 2016, PVC market will be rose 5.6% to $1.9 billion. Polypropylene is the second largest material type, will grow by 6.8% this year.
Depending on the type of car, cars will continue to be the biggest target market. However, the development of high-speed transfer path and increasingly adopt hybrid power-train will create opportunities in the field of light and heavy commercial vehicles. 2016 light commercial vehicles is expected to grow 4.7%, earnings of $700 million.
In 2016, the asia-pacific region, excluding Japan is the largest market of car cable materials, and will maintain a position in the future. Market growth in the region is mainly composed of recovery in the auto industry to support. Pay more and more attention to the safety and functionality, as well as the implementation of the auto safety regulations will inevitably affect the market demand. The asia-pacific region, excluding Japan auto cable materials market will grow by 6.2% in 2016, earnings of $2.1 billion.
According to income, is the other two big markets in North America and Western Europe, will witness a sharp growth in 2016.
Germany lenny, Tunisian Coficab and Japan's sumitomo is a global auto cable materials three participants of the market. In 2015 total revenue of the three companies account for 46.2% of the market gains. In addition, Delphi automotive, Della card, such as Lear corporation, Japan vector battery is also a important market participants.
According to the report, in the long term, 2016-2026 global auto cable materials market expected annual compound rate of 6.3%.

From the Cable Net