QYResearch: Global Automotive Connectors Market will reach $25660.40 million in 2022
QYResearch
The Automotive Connectors are critical to today's cars. Without them, it would be nearly impossible to build or service a car. Whenever a bundle of wires passes through or attaches to a component of the car that might have to be removed, there must be a connector there to allow for that removal. A single connector can have more than 100 wires.
In the past, unreliable connectors have been the source of many electrical problems. Connectors have to be waterproof (modern connectors have several seals to keep out moisture), corrosion proof and provide good electrical contact for the life of the vehicle.
Advanced Automotive Connectors manufacturers are from developed regions like North America, Europe and Japan. While some of them have built plant in China to meet local market demand.
According to QYResearch，Compared to 2015, Automotive High Strength Steel market increased sales by 6.65 percent to 19943.76 million USD worldwide in 2016 from 18700.46 million USD in 2015. It shows that the Automotive High Strength Steel market performance is positive, despite the weak economic environment. The global Automotive High Strength Steel market is expected to reach $25660.40 million by 2022 from $20271.84 million in 2017, growing at a CAGR of 4.83% from 2017 to 2022.
Europe is the largest consumption market with market share over 28%. Followed Europe, North America is the second largest market with share about 23.5%. China manufacturing more than 28 million unit new cars in 2016, but the market size is still in the third place due to the low consumption amount per car.
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