Electric Vehicle (EV) Charging Cable Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032

Description

The Global Electric Vehicle (EV) Charging Cable Market reached USD 1.3 billion in 2023 and is expected to grow at a CAGR of 17% from 2024 to 2032. The surge in EV sales worldwide fuels the demand for robust charging infrastructure, including versatile cables supporting various power levels. The market is segmented by application, with the private sector accounting for over 60% of the market share in 2023. This segment is projected to exceed USD 3 billion by 2032 as more individuals and businesses fix private charging locations for ease, cost savings, and reduced emissions. Homeowners and commercial entities prefer private charging setups, often with Level 2 chargers, for efficient overnight or workday charging. This trend is driving demand for high-quality, easy-to-use charging cables that can endure frequent use, supporting the increasing adoption of EVs in both residential and commercial settings.

In terms of cable design, the market offers straight and coiled options, with straight cables capturing around 71% of the market share in 2023. Straight cables are popular due to their simplicity, making them ideal for quick, plug-and-play connections at public charging stations and home installations. Their user-friendly design appeals to EV owners who prioritize ease of use, encouraging manufacturers to develop more straight cable solutions. These cables offer broad compatibility across various EV models and charging setups, making them a versatile choice that reduces the need for multiple cables and supports market growth. Regionally, the APAC EV charging cable market held 35% of the global revenue share in 2023, largely due to rapid urbanization and the rising need for sustainable transportation solutions.

Countries like China and India promote EV adoption as part of their urban mobility goals, leading to increased demand for EV infrastructure, including charging cables. Government support in China, such as subsidies, tax incentives, and investments in urban and rural charging stations, is significantly expanding access to charging facilities and driving demand for charging cables across the region. Overall, the global electric vehicle charging cable market is witnessing strong growth driven by the rapid adoption of EVs, rising installation of private and public charging stations, and advancements in cable designs tailored for user convenience and compatibility. As the market evolves, manufacturers continue to focus on innovation, providing efficient, versatile, and reliable charging cables to meet the diverse needs of EV owners worldwide.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$1.3 Billion
Forecast Value	$5.3 Billion
CAGR	17%

Product Code: 12059

Chapter 1 Methodology & Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates & calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market scope & definition

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Insulation and material suppliers
- 3.1.2 Connector manufacturers
- 3.1.3 Cable manufacturers
- 3.1.4 Charging station manufacturers
- 3.1.5 End users
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Regulatory landscape
3.7 Pricing analysis
3.8 EV cable maintenance and safety considerations
3.9 Impact forces
- 3.9.1 Growth drivers
  - 3.9.1.1 Rising electric vehicle adoption across the globe
  - 3.9.1.2 Technological advancements in fast charging
  - 3.9.1.3 Expansion of public charging infrastructure
  - 3.9.1.4 Stringent environmental regulations and carbon reduction goals
- 3.9.2 Industry pitfalls & challenges
  - 3.9.2.1 Lack of standardization in charging connectors
  - 3.9.2.2 Durability and wear issues
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Cable, 2021 - 2032 ($Bn, Units)

5.1 Key trends
5.2 Normal
5.3 High power
5.4 Liquid-cooled high-power

Chapter 6 Market Estimates & Forecast, By Power, 2021 - 2032 ($Bn, Units)

6.1 Key trends
6.2 AC charging
6.3 DC charging

Chapter 7 Market Estimates & Forecast, By Cable Length, 2021 - 2032 ($Bn, Units)

7.1 Key trends
7.2 Below 5 meters
7.3 6-10 meter
7.4 Above 10 meters

Chapter 8 Market Estimates & Forecast, By Shape, 2021 - 2032 ($Bn, Units)

8.1 Key trends
8.2 Straight
8.3 Coiled

Chapter 9 Market Estimates & Forecast, By Charging Level, 2021 - 2032 ($Bn, Units)

9.1 Key trends
9.2 Level 1
9.3 Level 2
9.4 Level 3

Chapter 10 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn, Units)

10.1 Key trends
10.2 Public
10.3 Private

Chapter 11 Market Estimates & Forecast, By Jacket Material, 2021 - 2032 ($Bn, Units)

11.1 Key trends
11.2 All rubber
11.3 Thermoplastic elastomer (TPE)
11.4 Polyvinyl chloride (PVC)

Chapter 12 Market Estimates & Forecast, By Connector, 2021 - 2032 ($Bn, Units)

12.1 Key trends
12.2 Type 1
12.3 Type 2
12.4 CCS1
12.5 CCS2
12.6 CHAdeMO
12.7 GB/T
12.8 NACS/TESLA connectors

Chapter 13 Market Estimates & Forecast, By Diameter, 2021 - 2032 ($Bn, Units)

13.1 Key trends
13.2 <10 mm
13.3 10-20 mm
13.4 >20 mm

Chapter 14 Market Estimates & Forecast, By Mode, 2021 - 2032 ($Bn, Units)

14.1 Key trends
14.2 Mode 1 & 2
14.3 Mode 3
14.4 Mode 4

Chapter 15 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Units)

15.1 Key trends
15.2 North America
- 15.2.1 U.S.
- 15.2.2 Canada
15.3 Europe
- 15.3.1 UK
- 15.3.2 Germany
- 15.3.3 France
- 15.3.4 Italy
- 15.3.5 Spain
- 15.3.6 Russia
- 15.3.7 Nordics
15.4 Asia Pacific
- 15.4.1 China
- 15.4.2 India
- 15.4.3 Japan
- 15.4.4 Australia
- 15.4.5 South Korea
- 15.4.6 Southeast Asia
15.5 Latin America
- 15.5.1 Brazil
- 15.5.2 Mexico
- 15.5.3 Argentina
15.6 MEA
- 15.6.1 UAE
- 15.6.2 South Africa
- 15.6.3 Saudi Arabia

Chapter 16 Company Profiles

16.1 AG Electrical
16.2 Aptiv Plc
16.3 Besen International
16.4 Brugg Group
16.5 Chengdu Khons
16.6 Coroplast
16.7 Dyden
16.8 Eland Cable
16.9 EV Cables
16.10 General Cable Technologies
16.11 Guangdong OMG
16.12 Huber Suhner
16.13 Leoni AG
16.14 Mennekes Elektrotechnik
16.15 Phoenix Contact
16.16 Sinbon Electronics
16.17 Suzlon Cables
16.18 Systems Wire Cable
16.19 TE Connectivity
16.20 Teison Energy Technology