Several automotive components are controlled by auto control cables. These cables are made of steel wires. The cable is twisted to form a single stranded wire. The wire is then dipped into molten zinc. The wire is then fixed with zinc stoppers.
The automotive control cables market is anticipated to reach US$ 2.1 Bn by the end of 2022. Increasing road accidents and increasing demand for passenger cars are driving the market. The demand for these cables is also expected to increase.
Various countries across the globe have taken initiatives to enhance the safety of vehicles. Some of these initiatives include incorporation of anti-lock braking systems in all new vehicles. It has also led to an end-to-end upgradation of the automotive components.
Major automobile manufacturers have invested heavily in research and development, which has led to better products and enhanced vehicular performance. They have also invested in sophisticated business intelligence technology to drive their business model. Increasing disposable income and urbanization are among the major factors driving the growth of the automobile industry.