Automotive Control Cable Market Size, Share & Industry Analysis, By Cable Type (Throttle Control Cables, Brake Control Cables, Clutch Control Cables, Gear Shift Cables, and Others), By Vehicle Type (Two Wheelers, Passenger Cars, and Commercial Vehicles), and Regional Forecast, 2024-2032

The global automotive control cable market size was valued at USD 5.24 billion in 2023. The market is projected to grow from USD 5.37 billion in 2024 to USD 7.13 billion by 2032 at a CAGR of 3.6% during the 2024-2032 period.

Automotive control cables in automobiles are essential components that transmit mechanical force from the controls operated by the driver to the corresponding systems in the vehicle, such as throttle, clutch, and brake. They play a crucial role in controlling various functions of an automobile. These cables connect different parts of the vehicle, such as the throttle, brakes, and gear shift, enabling smooth operation and enhanced performance. Made from durable materials, these cables are designed to withstand harsh conditions, ensuring reliability and longevity. Their precise engineering allows for accurate control, contributing to the overall safety and functionality of the vehicle.

The automotive control cable market is experiencing significant growth, driven by the increased demand for automotive technologies and safety features. As vehicles become more sophisticated, the need for reliable control systems has risen, leading to a surge in the production and adoption of cables. Key market segments include throttle, brake, and clutch control cables, with applications spanning passenger cars, commercial vehicles, and two-wheelers. North America, Europe, and Asia Pacific are witnessing robust market activity due to rising automotive production and a shift toward electric vehicles. The market overview is characterized by technological advancements and a focus on enhancing vehicle performance and safety.

The COVID-19 pandemic had a profound impact on the global automotive control cable market, causing disruptions in supply chains and manufacturing processes. Lockdowns and restrictions led to temporary closures of production facilities, resulting in decreased output and delayed deliveries. However, as the automotive industry gradually recovered, there was a renewed focus on safety and efficiency, prompting increased investments in advanced control cable technologies. The shift toward electric vehicles also accelerated post-pandemic, driving demand for specialized cables designed for new vehicle architectures. Overall, while the pandemic posed challenges, it also opened up opportunities for innovation and growth in the market.

Automotive Control Cable Market Trends

Increasing Integration of Advanced Technologies is Trending in the Market

The automotive industry is shifting toward electrification, and the demand for high-performance control cables that can support sophisticated electronic systems is growing. For instance, OEMs such as Tesla and BMW are incorporating advanced throttle and brake control cables that are designed to work seamlessly with their electric drivetrains, enhancing vehicle responsiveness and safety. These cables are engineered to handle the unique requirements of electric vehicles, such as rapid response times and increased durability under varying conditions.

Moreover, companies are investing in innovative materials and designs to improve the performance and reliability of control cables. For example, manufacturers are exploring the use of lightweight materials, such as composite cables, which reduce overall vehicle weight and improve energy efficiency. Research from OEMs indicates that integrating smart technologies, such as sensors within control cables, can provide real-time feedback to the vehicle's control systems, enhancing overall safety and performance.

In addition, the trend toward automation in vehicles is driving the development of control cables that can support automated driving features. OEMs are focusing on creating cables that can withstand the demands of Advanced Driver-Assistance Systems (ADAS) and autonomous vehicles, ensuring that they can reliably transmit signals under various driving conditions. This trend is reshaping the design and functionality of automotive control cables and positioning them as critical components in the evolution of modern vehicles.

Automotive Control Cable Market Growth Factors

Increased Adoption of Autonomous Driving with ADAS in Vehicles is Driving Market Growth

As the automotive industry progresses toward using sophisticated electronic systems, the demand for reliable and high-performance control cables has surged. ADAS features, such as adaptive cruise control, lane departure warning, and automatic emergency braking, rely on a network of sensors, cameras, and Electronic Control Units (ECUs) to enhance vehicle safety and driving experience. These systems require precise and responsive control cables to transmit signals and commands accurately. For instance, BMW's latest 7 Series models feature an advanced cruise control system that uses control cables to seamlessly integrate with the vehicle's braking and steering systems, ensuring smooth and safe operation even in complex driving scenarios.

The development of autonomous driving capabilities has further emphasized the importance of reliable control cables. Self-driving vehicles require a robust and redundant system of control cables to ensure that critical functions, such as steering, braking, and throttle control, remain operational even in the event of a single point of failure. OEMs such as Tesla and Waymo are investing heavily in developing control cables that can withstand the rigors of autonomous driving with enhanced durability, precision, and fail-safe mechanisms.

Advancements in materials and manufacturing processes have also contributed to the automotive control cable market growth. Companies are exploring the use of lightweight and corrosion-resistant materials, such as stainless steel and high-performance polymers, to improve the performance and lifespan of control cables. For example, Yazaki Corporation, a leading manufacturer of automotive wiring harnesses and control cables, has developed a new generation of control cables using advanced materials and manufacturing techniques, offering improved flexibility, reduced weight, and enhanced resistance to environmental factors.

Thus, the growing adoption of ADAS, autonomous driving technologies, and vehicle electrification is a major unique driving factor for the market. As vehicles become more sophisticated, the demand for reliable and high-performance control cables will continue to rise, fueling innovation and growth in the industry. OEMs and control cable manufacturers may collaborate closely to develop solutions that meet the evolving needs of the automotive market, ensuring safety, efficiency, and reliability in the face of technological advancements.

RESTRAINING FACTORS

Increasing Adoption of Drive-By-Wire Technology Poses a Threat to Traditional Control Cable Market

Drive-by-wire, also known as x-by-wire, refers to the use of electronic or electromechanical systems to replace mechanical linkages in vehicle control systems. This technology eliminates the need for physical cables, replacing them with electronic signals transmitted through wires.

The adoption of drive-by-wire technology is driven by several factors, including improved efficiency, reduced weight, and enhanced functionality. For instance, BMW's latest models feature an advanced drive-by-wire steering system that uses electronic signals to control the vehicle's steering, eliminating the need for a traditional steering column and cables. This system reduces weight and allows for more precise control and integration with other vehicle systems, such as lane-keeping assist and autonomous parking features.

The increasing focus on vehicle electrification is accelerating the adoption of drive-by-wire technology. Electric vehicles (EVs) require advanced control systems to manage the complex interactions between the battery, motor, and charging systems. OEMs such as Tesla and Hyundai are at the forefront of this trend, incorporating drive-by-wire technology into their EV platforms to optimize performance and efficiency. For example, Tesla's Model S and Model X feature a steer-by-wire system that uses electronic signals to control the steering, providing a more responsive and precise driving experience.

As drive-by-wire technology continues to evolve and become more widespread, it poses a significant challenge to the traditional cable market. The elimination of physical cables reduces the demand for control cables, as they are no longer needed to transmit mechanical motion. This shift toward electronic control systems is expected to have a profound impact on the market, forcing manufacturers to adapt their product offerings and explore new opportunities in the drive-by-wire ecosystem.

To mitigate the impact of this restraining factor, control cable manufacturers should collaborate closely with OEMs and technology providers to develop innovative solutions that integrate with drive-by-wire systems. This may involve developing specialized cables for specific applications, such as sensor integration or data transmission, or exploring growth opportunities in the aftermarket for retrofit solutions. In addition, control cable manufacturers should invest in research and development to identify new applications and markets for their products, such as in the aerospace or industrial automation sectors, to diversify their revenue streams and reduce their dependence on the automotive industry.

Automotive Control Cable Market Segmentation Analysis

By Cable Type Analysis

Throttle Control Cables Segment Leads Driven by Criticality for Managing Engine’s Throttle

By cable type, the market is segmented into throttle control cables, brake control cables, clutch control cables, gear shift cables, and others (e.g., parking brake cables, speedometer cables, hood, tailgate, fuel lid). Throttle control cables are crucial for managing the engine's throttle, allowing for precise control of the vehicle's acceleration and making it dominant in the market. For example, OEMs such as Ford have implemented advanced throttle control cables in their latest models, enhancing responsiveness and performance.

Brake control cables are essential for the braking system, ensuring effective communication between the brake pedal and the braking mechanism. It is the fastest growing segment in the market, due to which companies such as Bosch are innovating in this area, developing cables that improve braking performance and safety features.

Clutch control cables facilitate the operation of the clutch, allowing for smooth gear changes. Manufacturers such as Valeo are focusing on lightweight and durable clutch cables to enhance vehicle performance.

Gear shift cables are used in manual and automatic transmission systems, enabling seamless gear transitions. Both segments have significant growth rates. The ‘others’ category includes parking brake cables, speedometer cables, and cables for hoods, tailgates, and fuel lids, which have considerable market growth.

By Vehicle Type Analysis

Larger Consumer Base and Rising Demand Makes Passenger Cars Segment Dominate 

The market is segmented based on vehicle type into two wheelers, passenger cars, and commercial vehicles.

The passenger cars segment is currently dominating the market due to its large consumer base and the high demand for advanced features. The segment leads, with major players such as Toyota and Volkswagen investing in advanced cable technologies to improve vehicle performance and safety features.

The demand for automotive control cables in motorcycles and scooters is increasing, particularly in emerging markets. OEMs such as Bajaj Auto are focusing on high-quality control cables to enhance performance and safety in their two-wheeler offerings.

The need for reliable control cables in trucks and buses is rising, driven by the growth of e-commerce and logistics. Companies such as Daimler are developing robust control cable systems to meet the demands of heavy-duty applications. However, the commercial vehicles segment is expected to grow at a faster rate during the study period due to the increasing adoption of electric and autonomous technologies in heavy-duty vehicles.

REGIONAL INSIGHTS

By region, the market for automotive control cable is classified into North America, Asia Pacific, Europe, and the rest of the world.

Asia Pacific is currently dominating the market for automotive control cable due to its large population, growing middle class, and increasing vehicle production. Rapid urbanization and increasing vehicle production in China and India are driving the demand for these cables in Asia Pacific. OEMs such as Geely are expanding their offerings to cater to this growing market.

Europe is focusing on sustainability and efficiency, leading to increased investments in high-performance control cables. Companies such as Volvo are integrating advanced cable technologies in their electric vehicle lineup. The European market for automotive control cable is expected to grow at the fastest rate during the assessment period due to the increasing focus on electric vehicles and sustainability.

A strong demand for advanced automotive technologies characterizes North America. OEMs such as General Motors are investing in innovative control cable systems to enhance vehicle performance.

Emerging markets in Latin America and the Middle East & Africa are witnessing a gradual increase in vehicle ownership, leading to a rising demand for these cables in the rest of the world. Companies are exploring partnerships to penetrate these markets effectively and increase their automotive control cable market share.

KEY INDUSTRY PLAYERS

Extensive Product Portfolio and Global Presence Makes Yazaki Corporation a Leading Player

Yazaki Corporation is a Japanese company known for its innovative control cable solutions.

The company offers a wide range of control cables for various automotive applications, including throttle control cables, brake control cables, clutch control cables, and gear shift cables. The company's product line caters to the needs of both passenger vehicles and commercial vehicles, ensuring a diverse customer base. It has consistently invested in research and development to improve the performance and reliability of its control cables. For instance, the company has developed advanced materials and manufacturing techniques to create lightweight, flexible, and corrosion-resistant cables that can withstand harsh environmental conditions.

With a strong presence in major automotive markets, including North America, Europe, and Asia Pacific, Yazaki has established itself as a trusted supplier to leading OEMs globally. The company's global reach and local support have contributed to its success in the market. Yazaki has forged strategic partnerships with major automakers, allowing it to develop customized solutions that meet the specific requirements of each customer. These collaborations have strengthened the company's position as a reliable and innovative supplier in the industry. By leveraging its extensive product portfolio, technological expertise, global reach, and strong partnerships, Yazaki Corporation has solidified its position as the leading market player in the global market.

Bosch's leadership in the market for automotive control cable and its commitment to innovation and quality also place it among the leading key players in the market. The company invests heavily in research and development, ensuring that its control cables meet the highest standards of performance and reliability. For example, Bosch has developed advanced brake control cables that enhance the efficiency and safety of braking systems. Bosch's strong relationships with major OEMs allow it to integrate its control cable solutions into new vehicle models effectively.

LIST OF TOP AUTOMOTIVE CONTROL CABLE COMPANIES:

• Yazaki Corporation (Japan)


• Bosch Group (Germany)


• Delphi Technologies (U.K.)


• Dura Automotive Systems (U.S.)


• Continental AG (Germany)


• Cables & Accessories Ltd. (U.K.)


• Furukawa Electric Co., Ltd. (Japan)


• Standard Motor Products, Inc. (U.S.)


• Aptiv PLC (Ireland)


• Leoni (Netherlands)

KEY INDUSTRY DEVELOPMENTS:

• August 2024: ABB and Niedax Group created a joint venture to meet the growing demand for cable tray systems in North America. The planned joint venture will offer ABB Installation Products, T&B Cable Tray, and ExpressTray Steel Wire Basket Tray product lines. It will also provide Niedax Group’s MonoSystems, Canadian Electrical Raceways, and other Niedax product lines.


• June 2024: Suprajit Engineering inked a SPA to acquire Stahlschmidt Cable Systems (SCS) based in Germany. SCS is a well-known Light Duty Cable maker with a marquee customer base. SCS brings valuable low-cost manufacturing capabilities in Morocco, a strong German engineering and sales team, and China exports through Canada. This acquisition comes with strong customer support, and the deal involves acquiring asset/equity purchases in Germany, Canada, China, Poland, and Morocco. It requires some fresh contracts with customers, vendors, and employees.


• January 2023: Nexans partnered with Trimet for a joint development project aimed at creating a material using recycled aluminum for manufacturing aluminum rods utilized in electrical cables. Both companies are committed to reducing their carbon footprint, as this new product is designed to meet the technical requirements for the mechanical properties and conductivity of the alloy.


• August 2021: Torque Capital Group acquired Cablecraft Motion Controls ("Cablecraft"), a prominent designer and manufacturer of high-performance mechanical motion control products for critical applications. Based in New Haven, Indiana, Cablecraft has a rich history of delivering proprietary, highly engineered motion control solutions to market leaders in industries such as heavy trucks, engine controls, construction, and agriculture.


• October 2020: Remsons Industries, a prominent manufacturer and supplier of automotive cables, announced the acquisition of a U.K.-based control cable manufacturer, Magal Cables Ltd, for USD 52.8 billion. This strategic acquisition aims to enhance Remsons' product portfolio and strengthen its customer base in the U.K.

REPORT COVERAGE

The report provides a detailed market analysis focusing on crucial aspects such as leading companies, service types, and product applications. Besides this, it offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the market’s growth over recent years.

Report Scope & Segmentation