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2018 - 2022 global auto control cable compound annual rate of nearly 4% _ _ cable wire and cable information network

by:AAA     2020-12-13
【 Cable network - 】 According to new market research report released Technavio, will in 2018 - the global auto control cable In 2022 by nearly 4% compound annual rate of growth, but because of year-on-year growth decline, the decline in global market growth trend.



auto control cable market is witnessing the design, material used and the development of manufacturing technology, auto control cable is not only more durable and reliable, but also improve the efficiency of the whole system to use them.

according to Technavio, due to the use of the materials and manufacturing technology of cost-effective, promote global auto control cable market growth is one of the key factors of cost down significantly.

auto control cable is cost-effective and the price is low, thus can be used per car. In addition, automotive original equipment manufacturers in bulk or large purchases of these control cable to make overall cost more economical and practical. This is one of the main factors to boost the growth of the market. According to

Technavio, a senior analyst at the research of auto parts, & other; OEM use control cable, made of different materials such as steel or aluminum, depending on the application and the vehicle type. Use better quality materials can improve the work of the desired location and function. Manufacturing costs less, because the cable is made from wire rod by arrows, mainly use different grades of high tensile steel spring. In the process of manufacture, the steel or aluminum needed for the diameter of the various kinds of wire as the starting material. Then, the wire by drawing the intermediate stage, have been twisted to wire rope according to the requirement of the specifications of the production. ”

in 2017, passenger cars accounted for the biggest market share of the global auto control cable market, accounted for nearly 79%. This field is expected throughout the forecast period dominated the world market.

from the region, the market share of nearly 54% in the asia-pacific region in 2017. The region is expected to dominant in 2022, its share of the market will grow by 2%.

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