Market Research Report
Automotive Wiring Harness Market: By Vehicle Type By Application, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
|Published by||Coherent Market Insights||Product code||931888|
|Published||Content info||130 Pages
Delivery time: 2-3 business days
|Automotive Wiring Harness Market: By Vehicle Type By Application, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027|
|Published: March 17, 2020||Content info: 130 Pages||
Automotive wiring harness is an electrical assembly of various electronic components that helps in transferring power and information to various modules in an automotive vehicle. It is one of the most important components in the vehicle used to handle complete current flow across a vehicle including wipers, electrical devices, and other electronic components. The components that are assembled composed of speed sensors, electrical devices, heating, ventilation and air conditioning (HVAC) and other electrical components. The major difference between in automotive wire harness and a standard wire harness is the connectors used and the test is done to it. Automotive wiring harness protects wiring from vehicle vibrations, moisture, and abrasions. With the help of different components such as conduits, electrical tape, cable ties or a combination of these are used to tie electrical wires together to form the complete automotive wiring assembly.
Rapid growth of automobile industry owing to technological advancement features implemented in the vehicles is the factor driving the growth of automotive wiring harness market during the forecast period. All the car manufactures are designing cars with safety and electronic gadgets. Additionally, deploying such wiring harness systems helps in improving the efficiency of the fuel in the vehicles and also complies with government regulations for the usage of fuel and emission. Rising demand for automotive vehicles is also expected to drive growth of the global automotive wiring harness market. Across the globe, there is a high demand for automotive vehicles. According to the Coherent Market Insights' (CMI) analysis, the global automobile industry recorded an annual growth rate of over 5.5% from 2010 to 2015 and is estimated to be valued at US$ 5.1 trillion by end of 2015.
Increasing demand for electric vehicles is also expected to drive growth of the global automotive wiring harness market during the forecast period. Developed regions such as Europe, North America, and Japan increased the demand for electric vehicles. Due to increasing fuel costs and stringent regulatory policies regarding CO2 emission increasing the demand for electric vehicles in the region. Moreover, manufacturers are focused on investing in research and development activities, in order to improve electric vehicle technology and provide better offerings to the markets such as the U.S., Japan, France, and Germany. Rising disposable income is boosting the demand for electric vehicles, which in turn, is expected to boost the global automotive wiring harness market growth over the forecast period.
This report segments the global automotive wiring harness market on the basis of by vehicle type, by application, and by region. On the basis of vehicle type, the global automotive wiring harness market is segmented into passenger (midsize, premium, luxury, SUV and sports), hybrid, electric, two wheeler, commercial (light commercial vehicles and heavy commercial vehicles) and buses & coaches. On the basis of application, global automotive wiring harness market is segmented into chassis & safety (conventional chassis, semi-forward chassis and full-forward chassis), HVAC, engine, sensors, body (roof, facia, door & window, seat, interior). On the basis of region, global automotive wiring harness market is segmented into North America, Latin America, Europe, APAC, Middle East and Africa.
This report provides an in-depth analysis of the global automotive wiring harness market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global automotive wiring harness market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global automotive wiring harness market market include Sumitomo Electric Industries, Ltd., YAZAKI Corporation, PKC Group PLC, Aisin Seiki Co., Amphenol RF, Furukawa Electric Co., Ltd., Samvardhana Motherson Group (SMG), LEONI, ERNI Electronics, AVX Corporation, Delphi Automotive PLC, Lear Corporation, and Fujikura Ltd.
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global automotive wiring harness market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive wiring harness market.