Market Research Report
India Automotive Wiring Harness Market, By Vehicle Type, By Component Type, By Material Type, By Application, By Region and Competition, Forecast & Opportunities, 2018- 2028F
|India Automotive Wiring Harness Market, By Vehicle Type, By Component Type, By Material Type, By Application, By Region and Competition, Forecast & Opportunities, 2018- 2028F|
Published: June 1, 2022
Content info: 79 Pages
Delivery time: 2-3 business days
India automotive wiring harness market was valued at USD1518.96 million in 2022, which is expected to grow at a CAGR of 8.48% to achieve the market value of USD2373.10 million by 2028F. Rising technological advancements in the automotive sector and growing demand for more power-efficient vehicles are expected to drive the growth of the India automotive wiring harness market in the upcoming five years. Higher sales and demand for the passenger cars owing to the rising disposable income among the population also play a vital role in increasing the demands and thus the growth of the India automotive wiring harness market in the next five years. Recently, increasing demand for electric vehicles and the incorporation of internet of things and artificial intelligence in the vehicles also add to the growth of the India automotive wiring harness market in the future five years. Technological advancements in vehicles like tire pressure monitoring systems, automatic speed limits, adaptive front lights, emergency braking, etc., are expected to fuel the demand for advanced vehicles and thereby substantiate the growth of the India automotive wiring harness market in the forecast years through 2028F. The scope of the automotive wiring harness function includes transferring signals, data, and power within a vehicle performed by data transmission and electrical wires.
The India automotive wiring harness market is segmented on the basis of vehicle type, component type, material type, application, regional distribution, and competitive analysis. Based on vehicle type, the market is differentiated between passenger cars and commercial vehicles. Passenger cars are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to rising demand for such vehicles. Increasing demand for the electric vehicle and growing technological advancement further facilitate the growth of the India automotive wiring harness market in the next five years. By component type, the market is further segmented into automotive wires, automotive terminals, and automotive connectors. Based on material type, the market is fragmented into optical wiring, copper wiring, aluminum wiring, and others. By application, the market is segmented into chassis harness, engine harness, body harness, speed sensor harness, and others. The India automotive wiring harness market analysis also studies the regional segmentation divided into North India, South India, East India, and West India. Each region in the country is further analyzed for the top 3 states of the market.
Lear Automotive India Private Limited, Aptiv Components India Private Limited, Leoni Cable Solutions India Private Limited, Fujikura Automotive India Private Limited, Viney Corporation Private Limited, Dhoot Transmission Pvt. Ltd, Samvardhana Motherson Group, Spark Minda, Yazaki India Private Ltd., SEI Trading India Private Limited are the major players operating in the India automotive wiring harness market.
Years considered for this report:
Historical Years: 2018-2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2028
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across India.
TechSci Research calculated the market size of India automotive wiring harness market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India automotive wiring harness market have been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Others (Polyurethane, Polyethylene, PVC, etc.)
Speed Sensor Harness
Others (HVAC, Dashboard, etc.)
India Automotive Wiring Harness Market, By Region
Company Profiles: Detailed analysis of the major companies present in India automotive wiring harness market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022. Please note that all the macro economic indicators in the economic profiles are for Calendar year.