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Automotive Fuse Box Market Size, Share & Industry Analysis, By Type (Glass tube Type, Blade Type, Bosch Type, Others), By Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI103582 | Status : Ongoing

 

KEY MARKET INSIGHTS

An automotive fuse box is a significant electronic part of an automobile which is used to hold and protect various types of fuse devices. The automotive fuse box consists of fused circuits with an input and output wires through which the current is provided to the necessary accessories. Besides, the fuse box is the only component that connects the accessories of vehicles, such as infotainment systems, headlights, engine, transmission, and other electronic systems. This component is used for circuits with a DC capacity greater than 24 volts. However, in some cases, they are used in systems with a capacity of 42 volts. There are blades, stoppers, glass tubes, and various other types of fuse boxes that are easily accessible in the market. According to the ampere rating, the colour coding is provided for the automotive fuse boxes. The increase in the integration of electronic, electrical, or electromechanical components in vehicles has spawned a number of innovations in the design and operations of the automotive power systems, among which the fuse box is the only device which protects the circuits. Although the traditional automotive fuse boxes have their dominance in the market owed to their lower unit cost, the smart electronic fuses are gaining high traction in the market which may reduce the weight of the vehicles. In order to offer a higher level of safety and security, the increase in the number of electronic components in vehicles is the main reason for the popularization of fuse boxes in the automotive industry.


Key Market Driver -

Increasing demand for advanced braking systems and increasing adoption of electronic systems is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

High cost of replacement may hinder the growth of the market during the forecast period.


Market Segmentation:


Globally, the automotive fuse box market is segmented by type, by vehicle type, and by geographic coverage. Based on type, the market is further segmented into glass tube, blade, bosch, and other various types. Blade type fuse boxes hold a significant revenue share in the global market owing to its extensive utilization in automobiles. Blade fuse boxes also known as plug-in fuse boxes comprises of a plastic body with a pair of prongs that are mounted on a socket. These fuse boxes are widely used in vehicles owing to their higher efficiency, simple design and low cost of product. Furthermore, the vehicle type is further segmented into passenger cars and commercial vehicles. The passenger cars segment holds the largest share in the global market. The growing urbanization, improved living standards as well as rise in the income level of the population are the key factors propelling the growth of the passenger cars market across the globe. Additionally, majority of the passenger cars are integrated with fuse boxes as cars have a larger volume of advanced features as well as complex electrical systems. Also, the number of passenger cars are higher as compared to commercial vehicles across the globe.

Key Players:


Major players operating in the global automotive fuse box market include LEONI Wiring Systems, Cooper Industries, Eaton, MTA Advance Automobile Solution, Hella KGaA Hueck & Co, Mersen, and Littelfuse, Inc., among others.

Key Insights



  • New Advancements in automotive fuse box

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the automotive fuse box market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe holds the major share in the global market owing to the increasing sales and production of high end vehicles along with the mandatory utilization of safety and security features in vehicles including accident data recorders, emergency braking systems, and other safety systems which have been mandated by the government of Europe. Also, the presence of prominent high end vehicle manufacturers and increasing investment of automotive companies to expand their business in this region is expected to boost the demand for automotive fuse boxes market. Asia Pacific accounts for the second largest share in the global market and is expected to boost in the coming years. Countries such as India, China, Japan, and South Korea are the major contributors for the rapid growth rate in the sales and production of vehicles in this region.

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Segmentation






















 ATTRIBUTE

  DETAILS

By Type



  • Glass tube Type

  • Blade Type

  • Bosch Type

  • Others



By Vehicle Type



  • Passenger Cars

  • Commercial Vehicles



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

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