The passenger vehicle segment by vehicle type is estimated to lead the market growth during the forecast period.

According to a new market research study of “Europe Automotive Electrical Connector Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type, Vehicle Type, By Powertrain Type and Country.” The Europe automotive electrical connector market is expected to reach US$ 566.47 million by 2028 from US$ 312.24 million in 2021; it is estimated to grow at a CAGR of 8.9% from 2021 to 2028. The report highlights trends prevailing in the Europe automotive electrical connector market and the factors driving market along with those that act as hindrances.

Developed nations such as the UK and Germany are firmly shifting toward the use of electric vehicles. Companies operating in the developed region are developing high voltage battery technologies to enhance vehicle power and energy storage capacity. Thus, the demand for supporting connectors to provide efficient power connections is growing, thereby bolstering the market growth. New electrical products such as fuse boxes, cable lugs, and busbars are being developed to improve power distribution. Fuse boxes are required to maintain efficient power distribution, which is boosting the demand for fuse boxes, thereby driving the market. For instance, in April 2021, Eaton eMobility business segment was awarded a contract to develop Bussmann series fuses and power distribution units (PDUs) for vehicle manufacturers. The PDUs, also known as fuse boxes, will be used for a new battery-electric vehicle (BEV) for light-duty commercial applications. Fuse boxes transmit battery power to vehicle components with a safety function by providing circuit protection. The changing power distribution architecture is creating the demand for new fuse boxes, thereby boosting the market growth.

A modern vehicle consists of around 100 fuses, which creates the demand for at least four or more fuse boxes. Fuse boxes take full advantage of electrification in cars by modifying architecture to offer optimized solutions for better wire harnessing. Not only passenger vehicles but also commercial vehicles are generating the demand for high voltage fuse boxes. For instance, in February 2021, EG Electronics, a heavy vehicle power component manufacturer, introduced a new high voltage Fusebox 800 AMP for electric trucks. Moreover, due to the increasing electrification, vehicle manufacturers are shifting toward 48 V electrical architectures for modern vehicles to provide sufficient power, which is driving the market.

Owing to the outbreak of COVID-19, electronics equipment have been affected massively. The virus outbreak has disrupted the supply chain in various countries in this region. The member states of Europe, such as Italy, Spain, and Germany, have implemented drastic measures and travel restrictions to limit the spread of COVID-19 among its citizens. European countries represent a major share in the market as this region has the highest road safety standards in the world. However, due to the disrupted supply chain of hardware components such as automotive electrical connectors, the market has been significantly affected as the deployment of these components has been delayed. Due to COVID-19, the manufacturing of various consumer electronics devices and production of automobiles have seen a sharp decline in European countries and is expected to be under stress in 2020 and is anticipated to require a substantial duration of time to stabilize. Furthermore, the recent imposition of containment measures, owing to the spread of newly mutated strains, might further hamper the market in this region.

Additionally, the pandemic also negatively impacted investment capacity, with the transition to alternative powertrains and the digital transformation of the industry requiring large investment and restructuring. Thus, the spread of the newly mutated strain of COVID-19 was anticipated to negatively affect the automotive electrical connectors market till the first two quarters of 2021.

Based on type, the Europe automotive electrical connectors market is segmented into cable lugs, battery clamps, high voltage busbars, and fuse boxes. Based on vehicle type, the Europe automotive electrical connectors market has been segmented into passenger vehicle, light commercial vehicle (LCV), and medium and heavy commercial vehicle (M&HCV). In terms of powertrain type, the Europe automotive electrical connectors market is segmented into internal combustion engine (ICE), electric vehicle (EV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). Geographically, the Europe automotive electrical connector market is sub-segmented into Germany, Italy, UK, Russia, France and Rest of Europe.

INTERCABLE srl, Connor Manufacturing, Amphenol Corporation, Emerson Electric Co., Rogers Corporation, Molex, LLC, TB&C, Difvan, and TE Connectivity Ltd. are among the leading companies operating in the Europe automotive electrical connector market.

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