Automotive Speedometer Cable Market

According to the latest report by IMARC Group, titled, “Automotive Speedometer Cable Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global automotive speedometer cable market size reached US$ 1,773.93 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,498.18 Million by 2028, exhibiting a growth rate (CAGR) of 6.10% during 2023-2028.

An automotive speedometer cable is flexible cable connected to the transmission gearbox, which transmits the rotational speed to the speedometer, a device that measures and displays the speed of a vehicle. Automotive speedometer cables work by using electromagnetism to rotate a magnet inside the speed cup within the speedometer casing. This rotation is then translated into a visual speed reading on the speedometer dial. The automotive speedometer cables enable the accurate calculation and display of the vehicle’s speed while in motion. Consequently, it finds widespread applications across the globe.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/automotive-speedometer-cable-market/requestsample

Automotive Speedometer Cable Market Trends and Drivers:

The automotive speedometer cable market is primarily driven by the increasing production of heavy-duty vehicles across countries for utilization in industrial and commercial purposes. Additionally, the escalating installation of automotive speedometers to enhance passenger and driver safety, on account of the rising number of accidents, is acting as another significant growth-inducing factor. Apart from this, the implementation of stringent road safety regulations by government bodies aimed at controlling road rushing and speeding is also positively influencing the market growth. Moreover, the expanding e-commerce sector and the inflating demand for delivery services and online shopping are leading to an increase in the number of commercial vehicles, which is further fueling the market growth. Besides this, the elevating availability of automotive speedometer cables in various forms and dimensions, tailored to vehicle tire size and rear gear ratio, the growing logistics industry, and the shifting preferences toward efficient container trucks with sufficient amount of storage space is expected to bolster the market over the forecasted period.

Automotive Speedometer Cable Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • ATP Automotive
  • S. International
  • Silco Automotive Solution LLP
  • Speedy Cables (London) Ltd.

The report has segmented the market based on type and application.

Breakup by Type:

  • Stainless Steel Material
  • Rubber Material
  • Plastic Material

Breakup by Application:

  • OEM
  • Aftermarket

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=8107&flag=C

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

See Campaign: https://www.imarcgroup.com/

Contact Information:

Contact us: IMARC Group Email: [email protected] USA: +1-631-791-1145 | Asia: +91-120-433-0800 Address: 134 N 4th St. Brooklyn, NY 11249, USA Website: https://www.imarcgroup.com/ Follow us on Twitter: @imarcglobal Linkedin: https://www.linkedin.com/company/imarc-group

Tags:
IPS, iCN Internal Distribution, Extended Distribution, Research Newswire, English