Tag: Automotive

Automotive Fuse Market by value is projected to grow at a CAGR of 2.0% from 2022 to 2027, to reach USD 28.4 billion by 2027 from USD 25.7 billion in 2022, according to a new report by MarketsandMarkets. The market for automotive fuse is increasing due to factors such as rising focus on increase in vehicle electrification, safety & comfort features in mid-segment vehicles and increasing sales of electric vehicles.

Browse in-depth TOC on “Automotive Fuse Market”
328 – Tables
62 – Figures         
263 – Pages

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“>100A Automotive Fuse Market estimated to be the fastest growing market among the ampere segment”

The >100 A fuses are used in battery-related circuits and high-power traction-related circuits. The application of >100 A fuses is higher in battery-related circuits electric vehicle batteries carry high currents. Semiconductor fuses are starting to replace blade fuses in high-current applications since they act very fast in current fluctuations and can handle multiple circuits using a single fuse. >100 A automotive fuses are used to offer protection for high amperage vehicle circuits.

“151-300V fuse market to grow at the fastest pace in the Automotive Fuse Market by voltage”

In this voltage segment, most HEVs and some PHEVs with a voltage architecture range of 150–300 V have been considered. The characteristics of fuses depend on the voltage architecture of the vehicle. The 151–300 V architecture uses more battery fuses than 48–150 V architecture. Some of the vehicles with 150–300V architecture are the Kia Niro Hybrid, Toyota RAV4, BMW 2 Series, and Toyota Prius PHEV. High voltage cables in electric vehicles move power to and from the battery and various systems throughout the electric vehicle. The high voltage architecture of electric vehicle connects the charging port and the battery, battery inter wiring, the battery, and the engine and other electrical components to carry the electric current power which will drive the market for automotive fuse. Hence, the market for automotive fuse of 151-300 V will rise in future with rising market for HEVs and PHEVs.

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“North America is estimated to be the major market owing to increase in vehicle safety and comfort features”

The US leads the Automotive Fuse Market with the highest Passenger car, LCV and HCV sales in the region. The US is the leading market in the Automotive Fuse Market for EVs in line with the highest EV sales in the North American region. North America is home to Ford Motors, General Motors, and Fiat Chrysler Automobiles. The North American Free Trade Agreement (NAFTA) has fostered the growth of the automotive industry in the region which is driving the Automotive Fuse Market The US, traditionally a global technological leader, is the largest automotive market in North America. Here, a large customer base and high disposable incomes fuel the demand for vehicles and result in increased manufacturing activities by local automotive OEMs. The sales statistics of North America indicate a promising growth potential, particularly for LCVs and HCVs, which dominate the market.

Key Market Players

The Automotive Fuse Market is dominated by a few globally established companies such as Eaton (Ireland), Schurter Group (Switzerland), Littelfuse (US), Sensata (US), Mersen (France), Pacific Engineering Corporation (Japan), Optifuse (US), AEM Components (US), E-T-A (US), ON Semiconductor (US) and Fuzetec (China).

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From $6,414.1 million in 2020, the automotive adhesives and sealants market size will witness a 6.1% CAGR between 2020 and 2030, to reach $11,643.5 million by 2030. according to the market research report published by P&S Intelligence. This will be because of the rise in the stringency of vehicle safety standards in response to the high rate of road crashes. This is propelling the usage of adhesives and sealants on the bonnet, in order to provide integrity to these parts and enhance their ability to withstand head-on collisions.

Epoxy-based adhesives and sealants have been the most popular among automotive original equipment manufacturers (OEM) till now. This is credited to epoxy products’ rigid bonding ability, which improves the structural integrity of vehicles, thus making them stronger and impact resistant. Hence, with the rising demand for automobiles, coupled with the strict vehicle and passenger safety regulations in place, the consumption of epoxy adhesives and sealants continues to grow.

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Key Findings of Automotive Adhesives and Sealants Market Report

• The automotive adhesives and sealants market will grow the fastest in body-in-white (BIW) applications as the usage of these materials for BIW purposes makes vehicles lighter and fuel-efficient.
• Passenger car production accounted for the higher consumption of these materials as it outnumbers commercial vehicle production. With people’s rising disposable income, automakers are augmenting their passenger car output.
• The burgeoning electric vehicle (EV) production is also boosting the usage of these materials. With the rising environmental awareness and numerous supporting government schemes in place, electric car sales hit the 3 million mark in 2020. Adhesives and sealants are being widely used to enhance EVs’ structural integrity, thereby driving the industry.
• The COVID-19 pandemic has had a mostly negative impact on automotive adhesive and sealant producers by shutting down auto production and decreasing the demand for vehicles due to the worldwide financial instability.
• Another key driver for the automotive adhesives and sealants market is the rising sale of lightweight automobiles due to the increasing vehicular emissions. To make lightweight vehicles, plastics, aluminum, and carbon fiber are used instead of iron and steel, which leads to the usage of adhesives and sealants over nuts, bolts, and welding.
• Asia-Pacific (APAC) is the biggest consumer of automotive adhesives and sealants as it is the world’s largest producer of automobiles. Moreover, many European and North American companies are setting up plants here to manufacture automotive adhesives and sealants, thereby leading to their easy availability.

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Key companies in the automotive adhesives and sealants market are Henkel AG & Co. KGaA, Sika AG, The Dow Chemical Company, PPG Industries Inc., H.B. Fuller Company, 3M Company, Permatex Inc., Illinois Tool Works Inc., Bostik S.A., and EFTEC AG. To dominate the intense competition, they are engaging in mergers and acquisitions and facility expansions.

Market Size Breakdown by Segments

Based on Type

• Epoxy
• Acrylics
• Polyurethanes
• Rubber
• Polyvinylchloride (PVC)
• Silicones
• Hot Melts

Based on Application

• Body-In-White (BIW)
  • Structural
    • Epoxy
    • Acrylics
    • Polyurethanes
  • Non-Structural
    • Rubber
    • Polyvinyl chloride (PVC)
• Under-The-Hood (UTH) and Power Train
  • Silicones
  • Acrylics
• Paint Shop
  • PVC
  • Acrylics
  • Silane (Silicones)
• Assembly
  • Polyurethanes
  • Hot melts
  • Silicones

Based on Vehicle

• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy and Medium Commercial Vehicle (HMCV)

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Spain
  • Russia
  • Italy
  • Slovakia
  • Czech Republic
• Asia-Pacific (APAC)
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Thailand
• Latin America (LATAM)
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA)
  • Turkey
  • Iran
  • South Africa

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