Onboard Fuse Box Market Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (Passenger vehicles and Commercial Vehicles), By Fuse Box Type (Blade Fuse Box, Cartridge Fuse Box, Glass Tube Fuse Box, and Fusible Link Box), By Sales Channel (OEM and Aftermarket), By Installation (Under-hood and Interior), and by Regional Forecast, 2024-2032

The onboard fuse box market has been experiencing significant growth in recent years and is expected to continue expanding in the coming years. The fuse box is responsible for many things, such as car radios, dashcams, and reverse cameras. Fuses protect specific components by limiting the electrical current flowing through wires. These protect electrical circuits against overload or short circuits, and an automotive fuse box has a series of fuses, relays, and diodes. The battery powers the fuse box directly. As the number of vehicles produced and sold increases worldwide, the demand for replacement parts, including fuse boxes, also grows. The growth of the global vehicle fleet and the need for maintenance and repair contribute to the demand for these fuses.

Changing consumer preferences, especially among younger generations, have led to a shift away from classic cars to more automated vehicles. So fuse box systems offer convenience and are aligned with the safety of the vehicle's systems. The increasing demand for electric fuse boxes is expected to boost the market's growth in the near future.

Impact of COVID-19 on the Onboard Fuse Box Market

Covid-19 significantly impacted the automotive sector, especially the fuse box market. The critical point was the disruption in the supply chain, closed manufacturing facilities, and initially dropped automotive production. Many countries worldwide implemented strict sanctions and lockdowns on the movement of components and goods, disrupting the market logistics. People staying at home and less usage led to decreased sales and services related to automotive parts.

Post COVID-19 changes in Consumer behavior and rapid adoption of electric vehicles have led to a surge in demand for components like fuse boxes to prevent electrical harm to the car and occupants. This trend is expected to continue as more and more push towards green and sustainable transportation occurs. The pandemic has also driven innovation and competition among manufacturers. Companies are investing in research and development to create more advanced and efficient fuse boxes with high electrical resistance, making vehicles more accessible to consumers.

Overall the onboard fuse box market is expected to grow highly post-COVID-19 as vehicle safety gets stringent, and the popularity of highly advanced and safe cars continues.

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships.


• Porter's Five Forces Analysis.


• Technological Developments.


• Impact of COVID-19 on Onboard Fuse Box Market.

Analysis by Vehicles Type & Installation

The vehicle type segment includes passenger and commercial vehicles. Onboard fuse box provides users with various vehicle safety options based on their needs, and under-hood fuse boxes in passenger cars will drive the market's growth in upcoming years. Whether it's an interior-fitted fuse box or under the hood, these fuse boxes typically offer a variety of vehicle types to cater to diverse safety requirements like fire hazard safety, electronic sensor, ABS, cooling motors, and short circuits of fans. In the fuse box market context, the demand for passenger vehicles has grown significantly in recent years. There can be advanced safety systems in passenger cars as they provide better electrical resistance and convenience for the drivers, especially in areas with high moisture, and electrical systems in a vehicle are prone to short circuits leading to increased demand for excellent conductive fuse boxes by consumers. Additionally, the growing popularity of compact cars, EVs, and sedans is expected to drive growth in this segment.

On the other hand, while electric vehicle fuse box has shown significant demand, they are constrained by limited production and concerns over safety and reliability. However, they are expected to grow in areas where they offer much more value and be practical and affordable for manufacturers and consumers.

Analysis by Fuse Box Type 

Blade fuse boxes are the most common type of fuse box found in modern vehicles and are expected to hold a significant market share in the forecasted years. They offer a compact design, ease of use and are relatively cost-effective. As automotive technology continues to evolve, blade fuse boxes are expected to dominate the market due to their widespread use and compatibility with existing vehicles.

Analysis by Sales Channel 

The Onboard fuse box market can be analyzed based on OEM and aftermarket. OEM is expected to have a high growth rate in the forecasted period because these systems are installed during the production and assembly of the vehicle; these systems are produced by critical players in the market and supplied to automotive manufacturers for direct installation. These fuse boxes are of the highest quality and have strict quality control. Suppliers with long-term contracts with manufacturers dominate the OEM market; this segment is highly competitive and requires a high level of technical expertise for manufacturing.

Overall, the OEM segment of the market tends to be larger than the aftermarket, as most vehicles are sold with OEM fittings. However, the market will rise rapidly, and the aftermarket segment will grow with it in the coming years due to the increasing age of vehicles on the road and the demand for required aftermarket fuse box components.

Key Players Covered

Robert Bosch (Germany), Eaton Corporation (Ireland), Renesas Electronic (Japan), Continental AG (Germany), Denso (Japan), BorgWarner (U.S), Hitachi Automotive (Japan), Valeo SA (France), Magneti Marelli S.p.A. (Italy). Delphi Technologies (U.S), Siemens AG (Germany), HELLA kGAa Hueck & Co. (Germany), Johnson Controls Inc. (U.S), and ZF Friedrichshafen AG (Germany).

Segmentation

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Key Industry Developments

• January 2023: Renesas Electronics Corporation announced a new automotive Intelligent Power Device (IPD) that will safely and flexibly control power distribution within vehicles, addressing the requirements of next-generation E/E (electrical/electronic) architectures.


• April 2021: Eaton announced its eMobility business secured a contract to supply power distribution units (PDUs) and Bussmann series fuses to a global vehicle manufacturer for use in a new battery electric (BEV) light-duty commercial vehicle, which is a rapidly growing segment for BEVs.