Market Research Report
India Automotive Wiring Harness Market By Vehicle Type, By Component Type, By Material Type, By Application, By Region, Forecast & Opportunities, 2025
|India Automotive Wiring Harness Market By Vehicle Type, By Component Type, By Material Type, By Application, By Region, Forecast & Opportunities, 2025|
Published: May 1, 2020
Content info: 76 Pages
Delivery time: 2-3 business days
India automotive wiring harness market is expected to grow at a formidable growth rate until 2025 owing to factors like various technological advancements leading to rapid growth of the automobile industry and favorable economic structure in the country. India is a lucrative market for automotive wiring harness market manufacturing companies as the government has introduced 100% foreign equity investment for automobile sector. Additionally, number of new registrations per year is increasing throughout other emerging markets, especially in South-East India, which is serving as a positive growth environment for automotive wiring harness manufacturing companies.
Car manufacturing companies compete to design cars with many safety features and electronic gadgets. They opt for automotive wiring harness as it increases the fuel efficiency of the vehicle and meets with the ongoing government regulations for fuel usage and emissions.
The India automotive wiring harness market is segmented based on vehicle type, component type, material type, application and region. Based on vehicle type, the India automotive wiring harness market is segmented into passenger cars and commercial vehicles. In 2019, passenger car segment held the largest market share and is anticipated to dominate the market during the forecast period owing to high volume of production of commercial vehicles due to the increasing demand from the massive consumer base in India.
Based on component type, India automotive wiring harness market is segmented into automotive wires, automotive terminals and automotive connectors. Among them, the automotive connectors segment is forecast to lead the market over the coming years as their use has increased in the electrification of the powertrain system in a vehicle.
Major players operating in the India automotive wiring harness market include Delphi Automotive LLP, Furukawa Electric Engineering India Pvt. Ltd., Yura Corporation, Nexans Autoelectric, Sumitomo Electric Industries, Ltd., Samvardhana Motherson Group, Yazaki Corporation, Lear Corporation, THB Group, SPARK MINDA, among others. The increase in use of safety sensors, such as blind spot detection and automated steering control systems, thereby providing numerous growth opportunities for manufacturers.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
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 of automotive wiring harness 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 manufacturers used in automotive wiring harness which could not be identified due to the limitations of secondary research. TechSci Research analyzed the automotive wiring harness manufacturers, companies and presence of all major players across the country.
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 product types 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 automotive wiring harness manufacturers, companies, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India automotive wiring harness market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Speed Sensors Harness
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: