Automotive control cables are essential parts of a vehicle. These cables are used in various functions of a vehicle, such as throttle, brakes, and speedometer. A control cable is also commonly used in heavy commercial vehicles.

The global automotive control cable market is forecast to expand at a 4.6% CAGR over the next five years. This growth is driven by the rise in sales of passenger cars and trucks. Moreover, the increasing middle-income population across the globe is also boosting sales of cars.
The market is fragmented, with regional players focusing on developing new technology to enhance quality of products. In addition, auto control cables are widely used as spares. Several government bodies in major countries are taking steps to improve the safety of automobiles.

Increasing demand for electric and hybrid vehicles is also contributing to the overall growth of the automotive control cable market. Moreover, the increase in road accidents is boosting the market.
In fact, the market is projected to grow at a brisk 3.7% CAGR during the forecast period of 2014- 2021. As a result, the automotive control cable industry is becoming a lucrative industry.

While the market is fragmented, some major players are focusing on improving their competitive strength and introducing innovative technologies in their production facilities.

Among these, compact cars are expected to hold the majority share of the global automotive control cable market. Moreover, the increasing number of electric and hybrid vehicles are likely to create significant growth opportunities.