Automotive Fuse Market Segmentation,Dynamics:
A class of fuses, which is used to protect electrical equipment and wiring for vehicles is known as automotive fuse. Automotive fuse is generally rated or used for circuits that have direct current higher than 24 volts except in certain cases it is rated for electrical systems with 42-volt. There are five different types of automotive fuses namely blade, bosch, limiter, lucas and glass tube. Blade type automotive fuses are used for different ampere ratings ranging from two ampere, three ampere, four ampere, five ampere to 120 ampere. Also, there is a colour coding used for blade fuses, which is classified according to different ampere ratings. For instance, for one ampere black colour is denoted, similarly for 35 ampere bluegreen colour is denoted and for 120 ampere purple colour is denoted. For bosch type fuses, colour coding is done for different ampere including five ampere (yellow colour), eight ampere (white colour), 16 ampere (red or green colour), 25 ampere (blue colour) and 40 ampere (grey colour). Similarly, there is colour coding for each fuse type, which depends on the ampere rating of the fuse. Automotive fuse manufacturers are focused on developing their product range catering to the demand for innovative and wide product coverage among automobile manufacturers.
Designing attractive packaging for automotive fuses is a key trend among automotive fuse manufacturers. This is attributed to offer convenience, varied selection and tool availability to the customer. For instance, availability of two different fuses in one pack ensures customer need for broad vehicle range, compact packaging allows ease of storage and availability of tools results in one pack helps safe usage of the tool, when required.
Automotive Fuse market is segmented on the basis of blade type, size groups and fuse type. On the basis of blade type, the automotive fuse market is segmented into low-profile mini, mini, regular and maxi. The different blade size are classified under different groups such as APS, APM, ATM, APR, ATC, ATO and APX. On the basis of fuse type, the segmentation includes bosch, blade, lucas, limiter and glass tube. Further the blade type automotive fuses include micro2, micro3, low-profile mini (APS, ATT), mini (APM, ATM), regular (APR, ATC, ATO) and maxi (APX).
Geographically, the automotive Fuse market is segmented into seven regions including Japan, Middle East and Africa, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Latin America and North America. Asia Pacific excluding Japan is expected to remain dominant in terms of part manufacturing owing to factors such as increased vehicle production, cheap labour and large number of part manufacturers in countries such as China and India.
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Macro-economic factors such as GDP impact on sales of commercial vehicles, growing urbanisation, developing infrastructure are driving the automotive industry market growth at broader level. Rising demand for automobiles in countries such as South Korea, Japan, China and India has led automotive parts manufacturers to develop improved systems. This is driving the demand for efficient automotive parts and thus, fuelling the automotive fuse market growth globally. In addition, technological advancements to ensure soldering, development of fully insulated clips, use of tin and nickel plated brass contacts ensuring resistance to vibration and shock are leading towards development of advanced automotive fuse, which is thus fuelling automotive fuse market growth. Increasing use of high-power fuses is another factors bolstering the demand for efficient automotive fuses. Also, market for automotive fuse replacement is anticipated to witness significant growth in the near future