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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Global Automotive Fuse Market Outlook

The global automotive fuse market reached a value of USD 20.84 billion in 2023. The industry is further expected to grow at a CAGR of 5.8% in the forecast period of 2024-2032 to reach a value of USD 34.64 billion by 2032.

Global Automotive Fuse Market

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The Asia Pacific to be a Major Market for the Automotive Fuse Industry

The global automotive fuse industry is significantly being aided by the rising demand from the Asia Pacific region. The market in the region is witnessing a rapid growth owing to the increased demand for automobile comfort and protection, government safety rules and regulations, as well as high vehicle sales in the region. The rising demand for electric vehicles is expected to fuel the growth of the global automotive fuse industry in countries such as Japan and China. The availability of cheap labour in the region has also boosted the production of automotive fuse, further catalysing the market growth. The increasing adoption of the technology in the Asia Pacific region is also significantly driving the market growth.

Automotive Fuse: Market Segmentation

Automotive fuses are used mainly for safety from moving power streams of electric wires, modules, circuits, and switches in automobiles. Automotive fuse manufacturers are now concentrating on producing a wide variety of goods and revolutionary fuses for automobiles.

Global Automotive Fuse Market By Application

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The fuse types in the market can be segmented as follows:

Based on voltage, the industry can be divided into:

  • 2 and 24 V
  • 24–48 V
  • 49–150 V
  • 151–300v
  • >300 V

The motor output of automotive fuse can be divided as follows:

  • <80kW
  • 80-200kW
  • >200kW

The distribution channels in the market can be divided into OEM and aftermarket. Automotive fuse finds wide applications in the following segments:

  • Auxiliary
  • Engine
  • Charge Inlet
  • Battery
  • PCU
  • Onboard
  • Traction Motor
  • Others

The end-use of the products can be categorised as follows:

  • Electric Engine
    • Battery Electric Vehicle (BEV)
    • Hybrid Electric Vehicle (HEV)
    • Plug-In Hybrid Electric Vehicle (PHEV)
  • Internal Combustion Engine
    • PC
    • LCV
    • HCV
    • Mild Hybrid Vehicle
    • Others

The regional markets for automotive fuse can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Automotive Fuse Market

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Rising Automobile Industry Bolstering the Market Growth of Automotive Fuse

The rising commercial vehicle sales triggered by the rising GDP, rising urbanisation and infrastructure development is a major factor driving the growth in the automotive industry. The rising automotive industry is further aiding the growth of the automotive fuse industry. Higher demand for cars has led car components manufacturers to build improved systems in countries like South Korea, Japan, China, and India. This is driving the demand for effective automotive components and, thus, stimulates the growth of the automotive fuse industry. Technological advancements in soldering, development of fully isolated clips, use of tin and nickel-plated metal contacts to ensure vibration and shock resistance have led to the development of advanced automotive fuse, thereby boosting the growth of the automotive fuse industry. Another factor that supports the demand for effective automotive fuse is the increased use of high-energy fuses.

Key Industry Players in the Global Automotive Fuse Market

The report gives a detailed analysis of the following key players in the global automotive fuse market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Eaton Corporation Inc.
  • Littelfuse, Inc.
  • Mersen Electrical Power
  • SCHURTER Holding AG
  • Fuzetec Technology Co., Ltd.
  • Pacific Engineering Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Fuse Type
  • Voltage
  • Motor Output
  • Distribution Channel
  • Application
  • End Use
  • Region
Breakup by Fuse Type
  • Blade
  • Limiter
  • Glass Tube
  • Semiconductor
  • Others
Breakup by Voltage
  • 2 and 24 V
  • 24–48 V
  • 49–150 V
  • 151–300v
  • >300 V
Breakup by Motor Output
  • <80kW
  • 80-200kW
  • >200kW
Breakup by Distribution Channel
  • OEM
  • Aftermarket
Breakup by Application
  • Auxiliary
  • Engine
  • Charge Inlet
  • Battery
  • PCU
  • Onboard
  • Traction Motor
  • Others
Breakup by End Use
  • Electric Engine
  • Internal Combustion Engine
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Eaton Corporation Inc.
  • Littelfuse, Inc.
  • Mersen Electrical Power
  • SCHURTER Holding AG
  • Fuzetec Technology Co., Ltd.
  • Pacific Engineering Corporation
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market size attained a value of approximately USD 20.84 billion.

The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 34.64 billion by 2032.

The growth of the market is being driven by factors like rapidly rising population, growing automobile industry due to rising GDP, increasing urbanisation, and infrastructure development, growing demand for electric vehicles, and favourable government regulations.

Technological developments in soldering, development of fully isolated clips, the use of tin and nickel-plated metal contacts to ensure vibration, and shock resistance are the key trends for the market growth.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading fuse types in the market are blade, limiter, glass tube, and semiconductor, among others.

The major voltage types of automotive fuse in the market are 2 and 24 V, 24–48 V, 49–150 V, 151–300v, and >300 V.

The significant types of motor outputs of automotive fuse in the market are <80kW, 80-200kW, and >200kW.

The leading distribution channels in the market are OEM and aftermarket.

The major applications in the market are auxiliary, engine, charge inlet, battery, PCU, onboard, and traction motor, among others.

The significant end uses in the market are electric engine and internal combustion engine.

The key players in the global automotive fuse market are Eaton Corporation Inc., Littelfuse, Inc., Mersen Electrical Power, SCHURTER Holding AG, Fuzetec Technology Co., Ltd., and Pacific Engineering Corporation, among others.

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+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124