Electric Vehicle Charging Cables Market by Power Supply (Alternate Charging (AC) and Direct Charging (DC)), Shape (Straight Cable and Coiled Cable), Cable Length, Region - Global Industry Analysis, Opportunities and Forecast up to 2029

Electric Vehicle Charging Cables Market Size

The global Electric Vehicle Charging Cables market size was valued at $524.26 million in 2023 and is projected to reach $2,097.82 million by 2029, growing at a CAGR of 26.0% during the forecast period. 

Electric Vehicle Charging Cables Market Dynamics

• Increasing stringency of carbon dioxide emission norms in emerging markets, high charging efficiency, and increasing price of petrol are contributing to the market's growth. 

• Additionally, a rising number of government initiatives, swift growth in the development of electric vehicle charger equipment, and technological advancements for electric vehicle charging cables create ample opportunities for the market.

• However, the high initial investments in electric vehicle fast charging infrastructure, safety issues for various charging cables, and the high cost of DC charging cables are restraining the market.

Electric Vehicle Charging Cables Market Overview

Electric vehicles are changing the energy market by becoming an increasingly affordable and acceptable form of transportation. These vehicles use a variety of batteries to store the power that they utilize to propel themselves. This power is stored in a battery pack, and can either be powered from a charger plugged into a wall or one that is connected to an outlet on the vehicle. Electric vehicle charging cables have significantly reduced the time it takes to charge its battery, as well as being able to retain said charge for a longer duration of time. Electric vehicle charging cables are essential for electric cars. These charging cables enable vehicle owners to charge their electric vehicles within a short period of time, and to travel significantly longer distances as well. 

By Shape, the Coiled Cable Segment Emerge as the Dominant Segment

The Coiled Cable segment is emerged as the dominant segment during the forecast period. The coiled cables are also termed as spiral cables and are easy to maintain as they do not spread over the surface, thereby helping to prevent a tripping hazard. Hence, these cables need lesser storage space and are more long-lasting than straight cables. In addition, developments are estimated to reduce the price of coiled cables, thereby boosting the segment growth during the forecast period.

By Geography, Asia Pacific Region Dominates by Being the Largest Market for Electric Vehicle Charging Cables

Asia Pacific dominated the market during the forecast period. Asia Pacific has a major presence of electric vehicle parts manufacturing industries across China, India, and Japan is anticipated to propel the electric vehicle charging cables market across Asia Pacific. The growth in this region is mainly driven by China, Japan, and South Korea. Among these, China is the largest electric vehicle charging cable market. The Chinese and Japanese governments have expected the growth potential of the global electric vehicle supply equipment market and thus have adopted various policies and initiatives to encourage major market players to manufacture electric vehicle charging infrastructure in domestic markets. High number of electric vehicle charging stations in the region is projected to uplift the regional market growth over the forecast period. 

Some of the Key Players Profiled in the Report Include:

• Aptiv
• BESEN-Group
• Brugg Group
• Coroplast
• Dyden Corporation
• General Cable Technologies Corporation
• Leoni AG
• Phoenix Contact
• TE Connectivity

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Power Supply:
• Alternate Charging (AC)
• Direct Charging (DC)

Market by, Shape:
• Straight Cable
• Coiled Cable

Market by, Cable Length:
• Below 5 Meters
• 6 Meters to 10 Meters
• Above 10 Meters

Market by, Charging Level:
• Level 1
• Level 2
• Level 3

Market by, Application:
• Private Charging
• Public Charging

Market by, Geography:

The Electric Vehicle Charging Cables Market report also analyzes the major geographic regions and countries for the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

Table Of Content

1 Market Overview             
    1.1 Introduction         
    1.2 Research Objectives        
    1.3 Market Segmentation        
    1.4 Stakeholders         
    1.5 List of Acronyms         
               
2 Executive Summary              
               
3 Research Methodology            
    3.1 Identification of Data        
    3.2 Evaluation of Market Dynamics       
    3.3 Collaboration of Data        
    3.4 Verification and Analysis        
    3.5 Data Sources          
    3.6 Assumptions         
               
4 Market Dynamics             
    4.1 Market Drivers         
           4.1.1 Growing Demand for Electric Vehicle Fast-charging Cables
           4.1.2 Increasing Adoption of Electric Vehicles (EV)
    4.2 Market Restraints         
           4.2.1 High Initial Investments towards EV Fast-charging Infrastructure
    4.3 Market Opportunities        
           4.3.1 Rising Development of Electric Vehicle Supply Equipment
    4.4 Market Challenges          
           4.4.1 High Cost of Electric Vehicle Charging Cable
    4.5 Impact of COVID-19 on Electric Vehicle Charging Cables Market    
               
5 Porter's Five Force Analysis            
    5.1 Bargaining Power of Suppliers        
    5.2 Bargaining Power of Buyers        
    5.3 Threat of New Entrants        
    5.4 Threat of Substitutes        
    5.5 Competitive Rivalry in the Market       
               
6 Global Electric Vehicle Charging Cables Market by, Power Supply         
    6.1 Overview         
    6.2 Alternate Charging (AC)        
    6.3 Direct Charging (DC)        
               
7 Global Electric Vehicle Charging Cables Market by, Shape         
    7.1 Overview         
    7.2 Straight Cable         
    7.3 Coiled Cable         
               
8 Global Electric Vehicle Charging Cables Market by, Cable Length        
    8.1 Overview         
    8.2 Below 5 Meters         
    8.3 6 Meters to 10 Meters        
    8.4 Above 10 Meters         
               
9 Global Electric Vehicle Charging Cables Market by, Charging Level        
    9.1 Overview         
    9.2 Level 1          
    9.3 Level 2          
    9.4 Level 3          
               
10 Global Electric Vehicle Charging Cables Market by, Application         
    10.1 Overview         
    10.2 Private Charging         
    10.3 Public Charging         
               
11 Global Electric Vehicle Charging Cables Market by, Geography        
    11.1 Overview         
    11.2 North America         
             11.2.1 US 
             11.2.2 Canada 
             11.2.3 Mexico 
    11.3 Europe          
             11.3.1 Germany 
             11.3.2 France 
             11.3.3 UK 
             11.3.4 Italy 
             11.3.5 Spain 
             11.3.6 Rest of Europe
    11.4 Asia Pacific         
             11.4.1 China 
             11.4.2 Japan 
             11.4.3 India 
             11.4.4 South Korea
             11.4.5 Australia 
             11.4.6 New Zealand
             11.4.7 Rest of Asia Pacific
    11.5 South America         
             11.5.1 Brazil 
             11.5.2 Argentina
             11.5.3 Chile 
             11.5.4 Rest of South America
    11.6 Middle East & Africa         
             11.6.1 UAE 
             11.6.2 Saudi Arabia
             11.6.3 Qatar 
             11.6.4 Iran 
             11.6.5 South Africa
             11.6.6 Rest of Middle East & Africa
               
12 Key Developments             
               
13 Company Profiling             
    13.1 Aptiv          
             13.1.1 Business Overview
             13.1.2 Product/Service Offering
             13.1.3 Financial Overview
             13.1.4 SWOT Analysis
             13.1.5 Key Activities
    13.2 BESEN-Group         
    13.3 Brugg Group         
    13.4 Coroplast          
    13.5 Dyden Corporation         
    13.6 General Cable Technologies Corporation       
    13.7 Leoni AG          
    13.8 Phoenix Contact         
    13.9 TE Connectivity