Automotive Terminals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Automotive Terminals Market Growth and it is Segmented by Current Range (Below 40 Ampere, 41-100 Ampere, and 100 Ampere), Propulsion Type (IC Engine and Electric), Application (Infotainment System, Safety and Security System, Battery System, and Others), and Geography (North America, Europe, Asia-pacific, and the rest of the World). The market size and forecast for Automotive Terminals are provided in terms of value (USD Billion) for all the above segments.

Automotive Terminals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Automotive Terminals Market Size

Automotive Terminals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration Medium

Major Players

Automotive Terminals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Automotive Terminals Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

Vehicles

Automotive Services

Auto Parts

Automotive Equipment

Automotive Terminals Market Analysis

The Automotive Terminals Market was valued at USD 6.0 Billion in the current year and is expected to reach USD 8.0 Billion in the next 5 years, registering a CAGR of 5% during the forecast period.

The COVID-19 pandemic hindered the growth of the automotive industry across regions in the year 2020. Several manufacturing industries were closed. The supply chain management and distribution channels were disrupted due to a shortage of raw materials. However, the automotive industry is now recovering from the losses and paving the way to introduce quality products to cater to the rising demand from consumers across the country. The automotive industry witnessed significant growth in terms of production in 2021, which is likely to increase the demand for automotive terminals during the forecast period.

Over the medium term, a rise in vehicle sales with enhanced safety features is likely to increase the demand for automotive terminals during the forecast period. Automotive Terminals are electromechanical device that is used to connect load or charger with the cell or batteries.

Automotive terminals are available in different sizes, shapes, and specifications. Terminal designs and sizes also depend on the end-use in the automobiles. The increase in safety concerns among consumers, coupled with safety-related initiatives from government agencies, has elevated the requirement for a reliable terminal in various vehicle systems.

Terminals are placed under the hood of automobiles and must have the capacity to withstand high as well as sub-zero temperatures and shocks. Thus, reliability and durability concerns are some functional challenges that hinder the growth of the market. The automotive terminals market has major applications in powertrain systems, followed by safety and infotainment systems.

Automotive Terminals Industry Overview

The automotive terminals market is highly fragmented due to the presence of many regional players. However, some of the major players, like TE Connectivity, Sumitomo Electric Industries, Ltd., Lear Corporation, PKC Group, and Furukawa Electric, have captured significant shares in the market. These companies are focusing to expand their terminal business globally to capture the growing trend of advanced electronics and safety systems in vehicles. For instance, in June 2022, TE Connectivity expanded its operations at the company's ERNI facility in Adelberg, Germany. Through this expansion, the company enhanced its production capacity across Germany. In Sep 2021, Lear Corporation signed an agreement for a joint venture with Hu Lane for automotive terminals and connector products. With this, Lear expects to increase its product offering of a competitive connection systems portfolio.

Automotive Terminals Market Leaders

  1. TE Connectivity

  2. Lear Corporation

  3. Furukawa Electric Co., Ltd.

  4. PKC Group Ltd (Motherson)

  5. Viney Corporation Pvt Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Automotive Terminals Market - CL.png
Need More Details on Market Players and Competiters?
Download PDF

Automotive Terminals Market News

  • September 2022: TE Connectivity introduced the PicoMQS connector system, the industry's smallest automotive-qualified crimping terminal.
  • November 2021: Furukawa Electric Co., Ltd. announced that it's aluminum electrical wiring that uses the corrosion-resistant Alpha Terminal series had been adopted for the first time in the wire harnesses (WHs) of Toyota Boshoku seats installed in the new Toyota Land Cruiser 300 series.
  • September 2021: TE Connectivity (TE) announced that it had acquired ERNI Group AG (ERNI). The acquisition of ERNI complements TE's broad connectivity product portfolio, particularly in high-speed and fine-pitch terminals for factory automation, automotive, medical, and other industrial applications.

Automotive Terminals Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter Five Forces
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value - USD Billion)

  • 5.1 Current Range
    • 5.1.1 Below 40 Ampere
    • 5.1.2 41-100 Ampere
    • 5.1.3 100 Ampere
  • 5.2 Propulsion Type
    • 5.2.1 IC Engine
    • 5.2.2 Electric
  • 5.3 Application
    • 5.3.1 Infotainment System
    • 5.3.2 Safety and Security System
    • 5.3.3 Battery Systems
    • 5.3.4 Others
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia Pacific
    • 5.4.3.1 India
    • 5.4.3.2 China
    • 5.4.3.3 Japan
    • 5.4.3.4 South Korea
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 Rest of the World
    • 5.4.4.1 South America
    • 5.4.4.2 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 TE Connectivity
    • 6.2.2 Sumitomo Electric Industries, Ltd
    • 6.2.3 Aptiv PLC
    • 6.2.4 Lear Corporation
    • 6.2.5 Furukawa Electric Co.,Ltd.
    • 6.2.6 Keats Manufacturing
    • 6.2.7 Grote Industries, Inc.
    • 6.2.8 Molex Incorporated
    • 6.2.9 PKC Group Ltd
    • 6.2.10 Viney Corporation Limited

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Automotive Terminals Industry Segmentation

Automotive connector terminals are designed to provide robust and efficient cable connections. Automotive terminals are an electromechanical device that is used to connect load or charger with the cell or batteries.

The automotive Terminals Market is segmented by Current Range, propulsion type, application type, and geography.

Based on the current range, the market is segmented into Below 40 Ampere, 41-100 Ampere, and 100 Ampere.

Based on the Propulsion Type, the market is segmented into IC Engines and Electric Vehicles.

Based on the Application, the market is segmented into Infotainment Systems, Safety and Security Systems, Battery Systems, and Others.

Based on Geography, the market is segmented into North America, Europe, Asia-pacific, and the rest of the World.

For each segment, the market sizing and forecast have been done based on the value (USD Billion).

Current Range Below 40 Ampere
41-100 Ampere
100 Ampere
Propulsion Type IC Engine
Electric
Application Infotainment System
Safety and Security System
Battery Systems
Others
Geography North America United States
Canada
Rest of North America
Geography Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Geography Asia Pacific India
China
Japan
South Korea
Rest of Asia-Pacific
Geography Rest of the World South America
Middle-East and Africa
Need A Different Region or Segment?
Customize Now

Automotive Terminals Market Research FAQs

What is the current Automotive Terminals Market size?

The Automotive Terminals Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

Who are the key players in Automotive Terminals Market?

TE Connectivity, Lear Corporation, Furukawa Electric Co., Ltd., PKC Group Ltd (Motherson) and Viney Corporation Pvt Ltd are the major companies operating in the Automotive Terminals Market.

Which is the fastest growing region in Automotive Terminals Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Automotive Terminals Market?

In 2024, the Europe accounts for the largest market share in Automotive Terminals Market.

What years does this Automotive Terminals Market cover?

The report covers the Automotive Terminals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Terminals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Automotive Terminals Industry Report

Statistics for the 2024 Automotive Terminals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Terminals analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.