The automotive relay market share in Europe is expected to increase by USD 1.43 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.99%.
The automotive relay market in Europe has been broadly categorized into the following demographic segmentations:
- Vehicle type - Passenger and commercial
- Geography - UK, Germany, France, and Rest of Europe
The automotive relay market in Europe report offers information on several market vendors, including ABB Ltd., American Zettler Inc., BorgWarner Inc., DENSO Corp., Eaton Corp. Plc, Eberspacher Gruppe GmbH and Co.KG, Fujitsu Ltd., HELLA GmbH and Co. KG, Johnson Electric Holdings Ltd., Littelfuse Inc., Nidec Corp., Panasonic Corp., Robert Bosch GmbH, Sanyou Corp. Ltd., Song Chuan Precision Co. Ltd., TE Connectivity Ltd., Vishay Intertechnology Inc., Weidmuller Interface GmbH and Co. KG, and Xiamen Hongfa Electroacoustic Co. Ltd. among others.
One of the key highlights of the automotive relay market in Europe research report is the post-COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period.
What will the Automotive Relay Market Size in Europe be During the Forecast Period?
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Which are the Key Regions for Automotive Relay Market in Europe?
UK, Germany, France, and Rest of Europe are the key markets for the automotive relay market in Europe. The UK is witnessing the development of autonomous technologies by prominent original equipment manufacturers (OEMs) such as BMW and Mercedes-Benz, which will facilitate the automotive relay market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The automotive relay market in Europe witnessed a decline in 2020, owing to the outbreak of COVID-19. However, the focus of governments on reviving industrial growth is expected to give impetus to the sales and production of vehicles in the UK from 2021. This factor would fuel the demand for automotive relays in the UK during the forecast period.
What are the Revenue-generating Vehicle Type Segments in the Automotive Relay Market in Europe?
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The automotive relay market share growth in Europe by the passenger segment will be significant during the forecast period. The most commonly used type of relay in the automotive industry is an electro-mechanically operated switch. These switches are found in all types of vehicles, such as cars, trucks, vans, trailers, and boats. A small cube-shaped unit known as a standard relay or a mini relay is majorly used in the automotive industry. The European passenger vehicles market is mature, and there is a low growth potential for vehicle manufacturers. However, automotive sales are expected to rise in the coming years, with increasing domestic demand and exports to countries such as the US and China. This, in turn, will drive the automotive relay market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive relay market size in Europe and actionable market insights on the post-COVID-19 impact on each segment.
Automotive Relay Market in Europe: Key Drivers, Trends, and Challenges
The increase in the use of automotive relays in vehicles that operate on alternative fuels is notably driving the automotive relay market growth in Europe, although factors such as the replacement of automotive relays by powered switches may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive relay industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Relay Market Driver in Europe
- The increase in the use of automotive relays in vehicles that operate on alternative fuels is one of the key drivers supporting the Europe automotive relay market.
- Vehicles operating on alternative fuels use a large number of electronic components compared to conventional vehicles, as they play a crucial role in engine performance and function management.
- Electronic vehicle relays provide higher voltage switching across various types of powertrains, such as plug-in hybrid, pure electric hybrid, and hybrid vehicles that operate on fuel cells.
- As electric and hybrid vehicles operate with the help of a battery, high-powered automotive relays are used as a facilitator to transmit the required current to the engine and other components of the vehicle. Moreover, pre-charged relays are used to reduce the initial surge current from the batteries, which help in inverting the input capacitors during the process of powering up the system.
- A wide variety of relays of varying sizes, the ability to handle extreme temperatures ranging from 104F to 257F, and the use of improved contact materials for producing lightweight and easily installable relays make the devices reliable, safe, and cost-effective. Such factors are expected to drive the demand for the automotive relay in Europe during the forecast period.
Key Automotive Relay Market Trend in Europe
- The development of intelligent/smart relays is one of the key automotive relay market trends in Europe fueling the market growth.
- Relays play a crucial role in the functioning of various components and the engine of a vehicle.
- An intelligent relay is installed in automobiles, as it performs many tasks in a single timeframe and eliminates the need for multiple relays, timers, and push-buttons.
- Intelligent relays are programmed before installation, which ensures that all the integrated relays are tested for their reliability, durability, and consistency.
- An intelligent relay integrates various components, such as timers, relays, and others, into a single compact device, which is easily configurable. It ensures that it provides an exceptional level of flexibility combined with substantial savings in commissioning time and effort. These factors of intelligent relays will boost the Europe automotive relay market growth during the forecast period.
Key Automotive Relay Market Challenge in Europe
- The replacement of automotive relays by powered switches is one of the challenges hampering the Europe automotive relay market.
- Relays are important in connecting various components in an automobile and regulating the electric voltage and current to ensure that no product is damaged due to excess current supply.
- The powered switch is an ultra-low ohmic protected high-side switch inbuilt with smart integrated protection functions, which can be used for the automotive industry. It protects the electric components in vehicles from overload, over-voltage, short circuits, excessive temperature, power supply loss, and electrostatic discharge (ESD).
- Various powered switches, such as PROFET and KIBES, are steadily replacing relays in the automotive industry. They also have diagnostic features, such as the status or current sense or a combination of both.
- In the case of a malfunction, the status feature helps to determine if the powered switch is suffering from excess temperature or overload. These diagnostic features provide the user with precise information about the switches and loads. It offers higher reliability, improved energy efficiency, and extended functionality at a lower overall system cost compared with relays and fuses. Such factors of the powered switch will hinder the Europe automotive relay market growth during the forecast period.
This automotive relay market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Who are the Major Automotive Relay Market Vendors in Europe?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- ABB Ltd.
- American Zettler Inc.
- BorgWarner Inc.
- DENSO Corp.
- Eaton Corp. Plc
- Eberspacher Gruppe GmbH and Co.KG
- Fujitsu Ltd.
- HELLA GmbH and Co. KG
- Johnson Electric Holdings Ltd.
- Littelfuse Inc.
- Nidec Corp.
- Panasonic Corp.
- Robert Bosch GmbH
- Sanyou Corp. Ltd.
- Song Chuan Precision Co. Ltd.
- TE Connectivity Ltd.
- Vishay Intertechnology Inc.
- Weidmuller Interface GmbH and Co. KG
- Xiamen Hongfa Electroacoustic Co. Ltd.
This statistical study of the automotive relay market in Europe encompasses successful business strategies deployed by the key vendors. The automotive relay market in Europe is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- American Zettler Inc. - The company offers a variety of micro-ISO, mini-ISO, and PCB mounted relays for many automotive electronic applications.
- DENSO Corp. - The company offers automotive relay such as Universal type (12V) relay, which can be fitted in almost all vehicles.
- Fujitsu Ltd. - The company offers high quality PCB relays for many automotive industry applications, including onboard battery chargers in electric and plug-in hybrid vehicles.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive relay market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Parent Market Analysis
Technavio categorizes the automotive relay market in Europe as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive relay market in Europe during the forecast period.
Automotive Relay Market in Europe Value Chain Analysis
Our report provides extensive information on the value chain analysis for the automotive relay market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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Automotive Relay Market Scope in Europe |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.99% |
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Market growth 2022-2026 |
$ 1.43 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.77 |
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Regional analysis |
Europe |
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Key consumer countries |
UK, Germany, France, and Rest of Europe |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., American Zettler Inc., BorgWarner Inc., DENSO Corp., Eaton Corp. Plc, Eberspacher Gruppe GmbH and Co.KG, Fujitsu Ltd., HELLA GmbH and Co. KG, Johnson Electric Holdings Ltd., Littelfuse Inc., Nidec Corp., Panasonic Corp., Robert Bosch GmbH, Sanyou Corp. Ltd., Song Chuan Precision Co. Ltd., TE Connectivity Ltd., Vishay Intertechnology Inc., Weidmuller Interface GmbH and Co. KG, and Xiamen Hongfa Electroacoustic Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Automotive Relay Market in Europe Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive automotive relay market growth in Europe during the next five years
- Precise estimation of the automotive relay market size in Europe and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive relay industry in Europe
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive relay market vendors in Europe
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