2010 Should be a Good Year for the Cable Assembly Industry

The Cable Assembly Industry has sure seen its ups and downs in the past few years, due to the economy and the ever changing automobile market.

A recent article titled “The 2009-2010 Automotive Market: A Year of Turmoil, a Year of Recovery?” was posted on CableAssembySupplier.com. It outlines the facts and figures contributing to the rollercoaster ride that the industry has faced.

The article explains that in 2009 the faulting economy led to a decreased sale of expensive cars. It also caused gasoline prices to skyrocket. These two factors contributed to fewer cars being manufactured and less cable assemblies needed.

Fortunately, the Cable Assembly Industry is expected to see brighter days in 2010. The eco-friendly market is drawing attention to hybrid and electrical cars. These are becoming more and more in demand, bringing car manufacturers, and the cable assembly company’s supplying them their parts, an increased sales volume.

To read more about this topic and check out the full article, click here.