This Electric Vehicle Heat Shrink Tubing market report serves business purposes and endows you with the best market research and analysis performed with the advanced tools and techniques. This market research report classifies the market by companies, geographical region, type, component, application and end-use industry. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market. This Electric Vehicle Heat Shrink Tubing market research report also identifies and analyses the emerging trends along with major driving factors, challenges and opportunities in the market.
Data Bridge Market Research analyses that the global electric vehicle heat shrink tubing market is expected to reach the value of USD 83,104.05 thousand by 2029, at a CAGR of 7.5% during the forecast period. “Hoses” accounts for the most prominent application segment as this type of application is in demand and is the best option for increasing vehicle security.
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The global electric vehicle heat shrink tubing can be applied in automotive tubing systems, including fuel line protection tubing, ABS tubing, air conditioning aluminum tubing, power steering return hoses, water drain tubing, ATF tubing formulated for automotive engines, water-cooling system tubing, fuel system tubing and air conditioning hoses.
Market Definition
Heat shrink tubing is used to insulate wire providing abrasion resistance and environmental protection for the stranded solid wire conductors with connections, joints and terminals in electrical work. In general, a tube with a lower shrink temperature will shrink faster. When heat shrink tubing is wrapped around wire arrays and electrical components, it collapses radially to fit the contours of the equipment, forming a protective layer. It can protect against abrasion, low impact, cuts, moisture and dust by covering individual wires or encasing entire arrays. Plastic manufacturers begin by extruding a thermoplastic tube to create heat-shrink tubing. Heat shrink tubing materials vary depending on the intended application.
Key Market Players:
- Sumitomo Electric Industries, Ltd.,
- Dasheng , Inc.,
- TE Connectivity,
- Shenzhen Woer Heat-Shrinkable Material Co., Ltd.,
- SHAWCOR,
- ABB,
- Techflex, Inc.,
- Paras Enterprises,
- HellermannTyton,
- Alpha Wire,
- WireMasters, Inc.,
- Zeus Industrial Products, Inc.,
- 3M,
- The Zippertubing,
- Panduit,
- Dee Five,
- Huizhou Guanghai Electronic Insulation Materials Co.,Ltd.,
- GREMCO GmbH,
- Qualtek Electronics Corp.,
- Texcan,
- Autosparks,
- NELCO,
- Insultab,
- PEXCO,
- WiringProducts, Ltd.,
- IS-Rayfast Ltd.,
- Flex Wires Inc.,
- Thermosleeve USA,
- Molex
We can add or profile new company as per client need in the report. Final confirmation to be provided by research team depending upon the difficulty of survey.
Drivers
- GROWING DEMAND FOR ELECTRIC VEHICLE WIRING HARNESS FOR SAFETY SYSTEMS
Electric vehicles are becoming highly connected as part of the internet of things and the internet of vehicles, transforming the vehicle into a seamless interface between our connected lives at home and work. The integration of screens and displays into almost any imaginable interior surface demonstrates the vehicle’s growing role as a hub for entertainment, communications and productivity.
- RISE IN TECHNOLOGICAL ADVANCEMENT TO INCREASE VEHICLE PERFORMANCE
The automotive industry has worked with major technology companies in order to deliver the most advanced, safest and most comfortable vehicles out there. Cars are becoming large smart devices with advanced emergency braking capabilities, mapping technology for autonomous driving, better fuel efficiency and cars as a service as a form of transportation.
- INCREASING SALES AND DEMAND FOR ELECTRIC VEHICLES
One of the key drivers of the global electric vehicle heat shrink tubing market is the rise in demand for electric vehicles and sales worldwide. Electric vehicle segments drove the surge in the company’s sales during the month.
Opportunities
- INVOLVEMENT OF AUTOMATION IN HEAT SHRINK TUBING PROCESS
Heat shrink tubing is used in wire harnessing processes to insulate wire conductors, protect wires and create cable entry seals. Manually performing this sensitive process is time-consuming, the results are heavily reliant on the operator’s expertise and the process raises safety concerns
Recent Development
- In December 2021, Sumitomo Electric Industries, Ltd. launched cross-linked fluororesin FEX tape. The key feature of this product was its technology part, as it used two key technologies, fluorine processing technology and electron beam irradiation technology, which offered 1,000 times more resistance to wear than conventional fluororesin (PTFE) tape. Moreover, it can be used in the automotive sector
- In April 2021, ABB launched a 25 ft. Shrink-Kon heat-shrinkable tubing. The key feature of this product was its 6.4 mm inner diameter expanded with 3.2 mm inner diameter recovered, wall thickness recovered of 0.6 mm and material used is Polyolefin.
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Global Electric Vehicle Heat Shrink Tubing Market Scope
Global electric vehicle heat shrink tubing market is segmented on the basis of application, material, color, connector application, type, voltage, sales channel and vehicle type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
By Application
Hoses
Connectors
Ring Terminals
In-line Splices
Under Bonnet Cable Protection
Gas pipes
Miniature Splices
On the basis of application, the global electric vehicle heat shrink tubing market is segmented into hoses, connectors, ring terminals, in-line splices, under bonnet cable protection, gas pipes and miniature splices.
By Material
Polyolefin
Polytetrafluoroethylene
Fluorinated Ethylene Propylene
Perfluoroalkoxy Alkanes
Ethylene Tetrafluoroethylene
Others
On the basis of material, the global electric vehicle heat shrink tubing market is segmented into polyolefin, polytetrafluoroethylene, fluorinated ethylene propylene, perfluoroalkoxy alkanes, ethylene tetrafluoroethylene and others.
By Color
Red
Yellow
Others
On the basis of color, the global electric vehicle heat shrink tubing market is segmented into red, yellow and others.
By Connector Application
HTAT
ATUM
CGPT
LSTT<150 C
Others
On the basis of connector application, the global electric vehicle heat shrink tubing market is segmented into HTAT, ATUM, CGPT, LSTT<150 C and Others.
By Type
Single Wall Shrink Tubing
Dual Wall Shrink Tubing
On the basis of type, the global electric vehicle heat shrink tubing market is segmented into single wall shrink tubing and dual wall shrink tubing.
By Voltage
Low Voltage
Medium Voltage
High Voltage
On the basis of voltage, the global electric vehicle heat shrink tubing market is segmented into low voltage, medium voltage and high voltage.
By Sales Channel
OEM
Aftermarket
On the basis of sales channel, the global electric vehicle heat shrink tubing market is segmented OEM and aftermarket.
By Vehicle Type
BEV(Battery Electric Vehicles)
PHEV (Plug-In Hybrid Electric Vehicle)
Hybrid Electric Vehicle (HEVS)
On the basis of vehicle type, the global electric vehicle heat shrink tubing market is segmented BEV (battery electric vehicles), PHEV (plug-in hybrid electric vehicle), HEVS (hybrid electric vehicle).
Electric Vehicle Heat Shrink Tubing Market Regional Analysis/Insights
Global electric vehicle heat shrink tubing market is analyzed and market size insights and trends are provided by country, application, material, color, connector application, type, voltage, sales channel and vehicle type, as referenced above.
The countries covered in the global electric vehicle heat shrink tubing market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the global electric vehicle heat shrink tubing market. Asia-Pacific is likely to be the fastest-growing global electric vehicle heat shrink tubing market. Asia-Pacific electric vehicle heat shrink tubing market is expected to be the fastest-growing worldwide. With the increasing development in the countries number of restaurants and bars is increasing, which will boost the demand for electric vehicle heat shrink tubing products in the Asia-Pacific region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, porter’s five forces analysis and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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