The global automotive wiring harness market size is
expected to reach US$ 5 billion by 2027 and is expected to grow at an
impressive double-digit rate of 6% from 2020 to 2027.
The study includes drivers and restraints of this market. The study
provides an analysis of the global automotive wiring harness Market for the
period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is
considered as the base year.
If you are aiming to enter the global automotive wiring harness Market,
this report is a comprehensive guide that provides crystal clear insights into
this niche market. All the major application areas for automotive wiring
harness are covered in this report and information is given on the important
regions of the world where this market is likely to boom during the forecast
period of 2020-2027, so that you can plan your strategies to enter this market
accordingly.
Besides, through this report, you can have a complete grasp of the level
of competition you will be facing in this hugely competitive market and if you
are an established player in this market already, this report will help you
gauge the strategies that your competitors have adopted to stay as market
leaders in this market. For new entrants to this market, the voluminous data
provided in this report is invaluable.
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Growth Factors
Demand for automotive wiring harnesses is directly proportionate to augmented manufacturing of different types of vehicles. Elevated disposable income, improved government initiatives including Make in India, and prevalent low labor cost in countries such India and China have augmented light commercial vehicles and of passenger cars manufacturing in different developing nations. This results in substantial demand for automotive wiring harnesses in these economies.
At present, automotive wiring harness market is concentrated on technology advancements including Ethernet cables and heat insulated wires. OEMs are stressing on the advanced automotive wiring harnesses development and to improve vehicles performance at finest level and to guarantee appropriate functioning of all electronic devices tailored in vehicles.
- Globally, sale of higher voltage wires is projected to surge due to augmentation in the need for electric vehicles. Mild hybrid and 48V vehicles are estimated to achieve acceptance that offers lucrative prospect for the automotive wiring harness market.
- Geographically, Asia Pacific emerged as extremely potential market for automotive wiring harness on account of prevailing awareness for incorporation of navigation and safety devices in vehicles those needs body wiring harness and different other kinds of wiring harness.
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Key Market Players and Strategies
- Sumitomo Electric Industries, Ltd.
- Delphi Automotive LLP
- Furukawa Electric Co. Ltd
- Lear Corporation
- THB Group
- Yura Corporation
- Leoni Ag
- SPARK MINDA
- Yazaki Corporation
- Fujikura Ltd.
- QINGDAO SANYUAN GROUP
- SamvardhanaMotherson Group
- NexansAutoelectric
- PKC Group
Major Market Segments Covered:
- Engine Harness
- Dashboard/ Cabin Harness
- Battery Wiring Harness
- Chassis Wiring Harness
- Body & Lighting Harness
- HVAC Wiring Harness
- Seat Wiring Harness
- Door Wiring Harness
- Sunroof Wiring Harness
By Material
- Metallic
- Aluminum
- Copper
- Other Metals
- Optical Fiber
- Plastic Optical Fiber
- Glass Optical Fiber
By Propulsion
- IC Engine Vehicle
- Electric Vehicle
By Transmission
- Electric Wiring
- Data Transmission
By Vehicle
- Commercial Vehicle
- Passenger Vehicle
By Sales Channel
- OEM
- Aftermarket
Regional Analysis:
The geographical analysis of the global automotive wiring harness Market
has been done for North America, Europe, Asia-Pacific, and the Rest of
the World.
The North American market is again segmented into the US, Canada, and
Mexico. Coming to the European market, it can be segmented further into the UK,
Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the
global automotive wiring harness Market is segmented into China, India, Japan,
and Rest of Asia Pacific. Among others, the market is segmented into the Middle
East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East
& Africa).
Key Questions Answered by the Report:
- What will be the size of the
global automotive wiring harness Market in 2027?
- What is the expected CAGR
for the automotive wiring harness Market between 2020 and 2027?
- Which are the top players
active in this global market?
- What are the key drivers of
this global market?
- How will the market
situation change in the coming years?
- Which region held the
highest market share in this global market?
- What are the common business
tactics adopted by players?
- What is the growth outlook
of the global automotive wiring harness Market?
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