The Global Automotive Wiring Harness Market Size was valued nearly USD 48.42 billion by 2018 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 7% during the forecast period, i.e. 2017-2025. An automotive wiring harness is an assembly of electrical wires, connectors and other parts, or an electrical wiring system; it is used to fetch the information and energy in automobiles. The difference between an automotive wire harness and a standard wire harness is in the connectors used and in the test being done to it.  Automotive connector is especially designed by the manufacturer of the vehicle. The tests surpass the normal test so that the harness will fit to the conditions of the vehicle.

Global Automotive Wiring Harness Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global study report analysis offers in-depth insights, revenue details, and other vital information regarding the global automotive wiring harness market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive wiring harness market report has been segmented on the basis of type, application, and region.

Market Dynamics:

In 2017, the automotive wiring harness market size was valued at USD 48.42 billion, expanding at a CAGR of 7%. Increasing assimilation of electronic devices into vehicles in order to provide intensify safety features has positively affect the market growth. Employing these systems in a vehicle offers numerous benefits such as revamp fuel coherence; inflate performance, and low probability of electrical shortage.

In terms of Sale of automotive wiring harnesses is directly comparable to increased manufacturing of vehicles. Factors such as rising expendable income, increased government initiatives such as Make in India, and prevailing low labour cost in countries such as China and India have conduct to increased manufacturing of passenger cars and light commercial vehicles in emerging economies.

Rising adoption of electric vehicles is another notable trend accelerating market growth. This can be imputed to expansion of electric vehicles charging infrastructure, increasing fuel prices, approving changes in government policies, and environmental proclamation.

Market Segmentation:

Based on the application, the industry is segmented as body, chassis, engine, HVAC and speed sensor harness. The chassis segment influence the overall industry followed by body equipment segment. Speed sensor wiring harness is anticipated to have highest CAGR during the upcoming period due to rapid adoption of advanced driver support systems in the automobiles.

In 2017, the framework segment accounted for over 35.0% of the overall market and is anticipated to develop at a high growth rate from 2017 to 2025.due to automotive wiring harnesses find application in framework for various components such as fog lamps, headlamps, infotainment systems, fuel flaps, and turn indicators. Therefore, the sensors segment is anticipated to register the highest CAGR xx.xx% in upcoming period owing to its increasing usage in technologically-advanced vehicles, which include numerous systems such as safety and security systems, lighting systems, infotainment systems, and battery systems.

Regional Analysis:

In 2017, Asia Pacific accounted for over 41.0% of the overall market. This can be certified to increasing road infrastructure activities, integrate with increasing automotive manufacturing, especially in emerging economies such as China and India. Furthermore, increasing demand for augmented safety and convenience features in mid-segment vehicles and low labour cost are responsible for the growth of sales. The Europe market is anticipated to manifest a CAGR exceeding 7.0% over the upcoming time period. Increasing automobile production, innovation in terms of drive technologies, and escalate adoption of electric vehicles are projected to propel the demand in Europe. Enhancing manufacturing facilities in Middle East and Africa, due to low-cost labour force, is a deciding factor to stimulate the regional market.

Global Automotive Wiring Harness Market Size, Share Analysis By Region 2017

U.S., Germany, France, and China have enacted government laws and regulations for vehicular outflow, and have directive automobile manufacturers to use advanced technologies to conflict high outpouring levels in vehicles, which will drive the market growth at greater extent.

Key Player:

The key player of automotive wiring harness market consists of Sumitomo, Yazaki , Aptiv, Lear, and Furukawa. The wiring harnesses are supplied to automotive OEMs such as BMW, Daimler, and Ford.

Global Automotive Wiring Harness Market Study Report Offer You!

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