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.
According to Technavio submarine power cable market research report, released in 2016-2020, global submarine power cable market demand, a rate of about 5.89%. Among them, the price fluctuation of raw materials, high voltage dc cable demand and increase r&d spending is to promote stable increase in global demand submarine power cable three big emerging trend.
In recent years, with the rapid development of national economy, special cable demand sharp growth. Shipbuilding, railways, aircraft, aerospace, petroleum, chemical, metallurgy and nuclear power industries such as the demand of special cable increases year by year. Due to the expansion of the market capacity, special cable also ushered in the good development opportunity: oil drilling rig annual demand of more than 15000 km; High-speed rail demand more than 37300 km... And such as railway signal cable, Marine cable, car wire, mine cable, special cable, such as plane cable more rising at an annual rate of tens of thousands of kilometers.
