Auto Control Cables
PROJECT DESCRIPTION
Automotive control cables are the most imperative parts of the automotive industry. These cables are used for control of mechanical movements in variety of machines/ systems including aero-space and vehicles. But maximum quantity is consumed by two wheeler segment in automobile sector.
The different types of automotive control cables are used in the wires of the brakes, clutch, accelerator, audio system, engine and so on. Stainless steel wires are twisted in the twisting machine and cut and made into the required length. One end of the automotive control cable is butted and dipped in molten zinc to avoid opening up of the ends and at the other end of the cable is fitted with a zinc stopper of required size or design and is fixed by a process known as die- casting. Automotive control cables enable the driver to control the various vehicle functions from his seat.
Global automotive market has grown rapidly in last few decades that have led to the rise in demand of replaceable spares and essential parts. Automotive control cables are one of the essential parts of the vehicle without which the operations of vehicle is difficult. These cables enable driver to control the various vehicle functions and have wide global market. As control cable is a vital part of the vehicle, improvements in physical and chemical properties are continuously going on to improve performance, reliability and durability.
Automotive control cables are made by twisting a number of stainless steel wires, of standard wire gauge with different diameter. The number of stainless steel wires, product type of cable and its size used in automotive control cables differs according to the vehicle type and its application.
Control cable market size is forecast to experience substantial growth prospects from 2016 to 2023. Surging significance in numerous industry sectors such as automation and process control systems is likely to propel demand. U.S. control cable market share is anticipated to record considerable growth rates over the forecast period.
Global control cable market is estimated to reach US$19.502 billion by 2023, increasing from US$13.120 billion in 2018, growing at a CAGR of 8.25% over the forecast period.
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Plant & machinery |
Working capital |
Cost of Project |
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Break even |
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0 |
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1.00 |
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