iCrowd Newswire
21 Jan 2021, 18:04 GMT+10
Market Synopsis
Automotive wiring harness includes an array of transistors, wires, etc. that facilitate the relay of electric signals between automobile components. In this report presented by Market Research Future MRFR, the global automotive wiring harness market is projected to register 6.35% CAGR over the assessment period 2017 to 2023. It also presents an observation that the valuation of the market will surpass USD 93,000 Mn by the close of 2023. Increasing demand for electric vehicles is poised to influence the revenue generation in the automotive wiring harness market positively in the upcoming years.
These harness systems are designed to protect cables and wires from abrasion, moisture, vibration and other external factors. Thus, it helps in elongating the lifespan of the vehicle and reducing maintenance costs. These factors are poised to propel expansion of the automotive wiring harness market in the forthcoming years. The advantages of the system such as lower installation time, fuel efficiency, etc. are prognosticated to lead the expansion of the automotive wiring harness market in the upcoming years. Technological innovations in product portfolios of key players are also projected to encourage the development of the market on the global front. Product launches catering to changing trends in the industry are anticipated to boost growth of the automotive wiring harness market in the foreseeable future.
Get a FREE Report Sample - https://www.marketresearchfuture.com/sample_request/2408
Implementation of rules and regulations to emission control are poised to have a favorable effect on the growth curve of the automotive wiring harness market. In addition, it is also likely to promote adoption of electric cars. Thus, in turn, is supposed to drive the proliferation of the automotive wiring harness market in the coming years. Rising disposable income is anticipated to motivate the growth pattern of the market by increasing sales of electric cars. Also, the rising fuel prices are poised to influence the sales of electric cars positively. These factors, combinedly, are projected to boost market growth on the global front.
Segmental Analysis
On the basis of material type, the global automotive wiring harness market has been segmented into aluminum, copper, and others.
On the basis of component type, the automotive wiring harness market has been segmented into wires, connectors, and terminals.
On the basis of application, the automotive wiring harness market has been segmented into chassis, body, HVAC, engine, sensors, and others.
On the basis of vehicle type, the global automotive wiring harness market has been bifurcated into passenger vehicle and commercial vehicle.
Regional Analysis
The regional assessment of the global automotive wiring harness market is included in the report for the detailed market analysis. It provides a study of four key regions followed by a country-level analysis of each of the regional segments. These major regional segments are - Asia Pacific, North America, Europe, and the Rest of the World (RoW). Asia Pacific is poised to play a crucial role in the development of the market. It is likely to capitalize on the growing demand for electric vehicles in the region. China is promoting the adoption of electric vehicles to curb air pollution. It is anticipated to shift entirely to electric vehicles in the near future. These factors are presumed to drive the growth of the automotive wiring harness market in the region. Also, the increasing investments in the automotive industry in the region is supposed to spur demand for these systems over the next few years.
Competitive Dashboard
Lear Corporation (U.S.), Furukawa Electric Co., Ltd. (Japan), Sumitomo Electric Industries Ltd. (Japan), PKC Group (Finland), Fujikura Ltd. (Japan), THB Group (China), YAZAKI Corporation (Japan), Delphi Automotive Plc. (renamed itself as Aptiv) (U.K.), Motherson Sumi Systems (India), and Leoni AG (Germany) are few of the major players of the global automotive wiring harness market.
Get a FREE Report Sample - https://www.marketresearchfuture.com/sample_request/2408
Key Questions Addressed by the Report
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact Company Name: Market Research Future Contact Person: Abhishek Sawant Email: Send Email Phone: +1 646 845 9312 Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar City: Pune State: Maharashtra Country: India Website: https://www.marketresearchfuture.com
Browse Complete Report - https://www.marketresearchfuture.com/reports/automotive-wiring-harness-market-2408
Tags: Automotive Wiring Harness Market Research Report, Automotive Wiring Harness Market Research, Global Automotive Wiring Harness market, Automotive Wiring Harness Market forecast, Automotive Wiring Harness Market trend, Automotive Wiring Harness, Automotive Wiring Harness Market Size, Automotive Wiring Harness Industry, Automotive Wiring Harness Market Analysis, Automotive Wiring Harness Market
See Campaign: https://www.marketresearchfuture.com/reports/automotive-wiring-harness-market-2408Contact Information:+1 646 845 9312Tags:, Reportedtimes, iCN Internal Distribution, Research Newswire, English
+1 646 845 9312
Get a daily dose of Houston Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Houston Mirror.
More InformationSAO PAULO, Brazil: Brazil is taking confident steps to restore its dominance in global poultry exports after declaring its commercial...
NEW YORK, New YorK - U.S. stocks closed mixed on Friday, with gains and losses modest, as investors and traders weighed up the escalation...
WASHINGTON, D.C.: Retail sales dropped sharply in May as consumer spending slowed after a strong start to the year, primarily due to...
WASHINGTON, D.C.: Mitsubishi Motors is the latest automaker to raise prices in the United States, joining a growing list of car companies...
INDIANAPOLIS, Indiana: Eli Lilly is making a bold play in cardiovascular gene therapy, announcing plans to acquire its partner Verve...
BEIJING/WELLINGTON: New Zealand's Prime Minister Christopher Luxon commenced his visit to China on June 17, seeking to strengthen trade...
ZURICH, Switzerland: The U.S. saw an extraordinary rise in wealth last year, with more than 1,000 people crossing into millionaire...
THE HAGUE, Netherlands: The city that prides itself on being a beacon of peace and justice—home to institutions like the International...
BUENOS AIRES, Argentina: Since taking office in December 2023, Argentine President Javier Milei has implemented sweeping austerity...
LEMBATA, Indonesia: Indonesia's Mount Lewotobi Laki Laki erupted dramatically on June 18, generating substantial ash and smoke plumes....
MADRID, Spain: A routine oversight by Spain's power grid operator, REE, has been identified as the trigger behind the large-scale blackout...
WASHINGTON, DC - In a bid to defuse speculation, U.S. President Donald Trump says he will make his decision on whether to have the...