Dallas, TX / CRWE PRESS RELEASE / Dec. 9, 2021 - According to the recent study the automotive power distribution box market is projected to reach an estimated $15.1 billion by 2025 from $10.1 billion in 2019, at a CAGR of 6% to 8% from 2020 to 2025. Growth in this market is primarily driven by growing electronic content per vehicle, growth in vehicle production, and stringent government regulation for passenger safety.

Browse 102 figures / charts and 77 tables in this 170 -page report to understand trends, opportunities and forecast in automotive power distribution box market by type (hardwired and configurable), by component (fuse, relay and others), vehicle type (passenger cars, light commercial vehicles, and electric vehicles), end-user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Configurable market is expected to remain the largest segment during the forecast period.”

Based on box type, the automotive power distribution box market is segmented into hardwired and configurable. Lucintel forecasts that the configurable market is expected to remain the largest segment due to increasing use of microcontrollers and multiple circuit boards per vehicle.   

“Within the automotive power distribution box market, the passenger cars segment is expected to remain the largest vehicle type”

Based on vehicle type, the passenger cars segment is expected to witness the largest growth over the forecast period due to increasing production of small and compact cars and electric vehicle is expected to witness the highest growth over the forecast period as electric vehicle contains a lot of electrical components which indirectly increases the consumption of more power distribution boxes per electric car.   

“Asia Pacific will dominate the automotive power distribution box market in near future”

Asia Pacific is expected to be the largest region due to the higher vehicle production and economic growth whereas Europe is expected to witness significant growth over the forecast period due to growth in electronic cockpit system.

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Major players of automotive power distribution box market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Aptiv, Eaton, Lear, Sumitomo Electric, TE Connectivity, Yazaki, Littelfuse, Leoni Group, Furukawa Electric Group, PKC Group, Minda Corporation and others are among the major automotive power distribution box providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-power-distribution-box-market.aspx or helpdesk@lucintel.com