Automobile sales have remained robust in the recent past, with the International Organization of Motor Vehicle Manufacturers (OICA) estimating nearly 97,000,000 units of automobiles, including commercial vehicles and passenger cars, sold in 2017. This has significantly rubbed off on demand and supply of imperative integral components, such as automotive fuse boxes. Pressing requirement of the automotive industry for upgradation to efficient networks, and greater emphasis on sustainability has been paving avenues for developments in automotive electrical equipment and components. The trend will have a direct impact on development and demand for fuse boxes.

Report summary: https://www.factmr.com/report/838/automotive-fuse-boxes-market

Advent of electric vehicles, as part of meeting sustainability goals in the automotive sector, has not only brought significant transformation in the industry, but also have impacted the global power market. Majority of future vehicle sales are likely to be those integrated with plug-ins, implying an imminent surge in automotive power demand. Automakers are shifting away from internal combustion engines toward power-driven motors.

Impending plans of Volvo to incorporate electric motors in its new car models, and BMW’s aim at replacing the 7-Series with its electric iNext as the flagship, are key examples of such technology shift. Growing popularity of plug-ins has meant that the power and auto sectors are becoming intertwined. Ripple effects of this trend will significantly rub off on the development and demand for automotive fuse boxes in the near future.

Demand for automotive fuse boxes will be significantly influenced by the rising demand for luxury vehicles among affluent consumers worldwide. Daimler AG recently reported 44% rise in luxury model sales over 2017, and Mercedes reported 21% sales in the U.S. alone in 2017. Luxury car manufacturers in the U.S. and China have witnessed sales exceeding their expectations compared to record lows of the recent past. In India, albeit the car industry has been representing signs of decline, exception is luxury models that have been and will observe a significant growth.

Consumers capable of affording luxury cars are being provided most advanced safety options, laundry list of customization choices, and the latest in technology. These factors, while fuelling luxury car sales worldwide, have significantly rubbed off on development of advanced auto components, thereby influencing demand for automotive fuse boxes on the trail.

For detailed analysis on all the key market factors, request a sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=838

The need to avoid uncontrolled and rapid discharge of storage device in case of vehicle accident or equipment malfunction has led automakers to emphasize on fuse-link protection as a key safety feature for equipment and passengers alike. Most of the automobile manufacturers are currently utilizing standard fuse boxes, however development is imperative for reducing size while maintaining safety, reliability and environmental requirements.

Impending implementation of global standards apropos of environment-friendly vehicles, such as the European Commission’s legislative proposal for common safety standard for EVs, are likely to prompt manufacturers to focus on developing EV-compliant products, with integral components such as fuse boxes being one of the primary focus areas. However, challenges remain such as maintaining appropriate safety margin for fuse boxes, predictions pertaining to normal current loading in EVs, and optimization of fuse rating while maintaining cyclic loading and ambient temperature.

Suppliers of automotive components such as fuse boxes, with an aim to access capabilities and assets for competing in the future, are likely to join forces with participants different from the ones in the current, more linear supply chain. The promising future of mobility will have significant impact on demand for auto components, such as fuse boxes, in the foreseeable future.

As demand for electric vehicles continues to rise, vendors of auto components, such as fuse boxes, are focusing on the introduction of the segment-specific products. For example, automotive fuse box manufacturers, such as Eaton, have introduced fuse boxes designed for protecting sensitive equipment.

Request Report Customization: https://www.factmr.com/connectus/sample?flag=RC&rep_id=838

These fuse boxes include power conversion equipment, high-voltage batteries, and auxiliary circuits in hybrid & electric vehicles. As fuses used in hybrid & electric vehicles require comparatively compact, and weigh significantly lesser than their conventional counterparts, investment-related benefits are making them a viable capitalization area for automotive fuse manufacturers.

About Us

We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.

Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.

Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.

Contact Us

Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593