Market Share of Automotive Terminals Industry
The automotive terminals market is highly fragmented due to the presence of many regional players. However, some of the major players, like TE Connectivity, Sumitomo Electric Industries, Ltd., Lear Corporation, PKC Group, and Furukawa Electric, have captured significant shares in the market. These companies are focusing to expand their terminal business globally to capture the growing trend of advanced electronics and safety systems in vehicles. For instance, in June 2022, TE Connectivity expanded its operations at the company's ERNI facility in Adelberg, Germany. Through this expansion, the company enhanced its production capacity across Germany. In Sep 2021, Lear Corporation signed an agreement for a joint venture with Hu Lane for automotive terminals and connector products. With this, Lear expects to increase its product offering of a competitive connection systems portfolio.
Automotive Terminals Market Leaders
-
TE Connectivity
-
Lear Corporation
-
Furukawa Electric Co., Ltd.
-
PKC Group Ltd (Motherson)
-
Viney Corporation Pvt Ltd
*Disclaimer: Major Players sorted in no particular order
