Automotive Wiring Harness Market 2018
Global Automotive Wiring Harness Market Information Report by Vehicle Type (Passenger Car, Light Motor Vehicles, Heavy Motor Vehicle and Others), by material type (Copper, Aluminium and Others) by Application (Engine, HVAC, Body, Chassis, Sensors and Others), and by Regions – Global Forecast To 2023
The global automotive wiring harness market has seen a potential growth over the last decade and as per MRFR analysis, this market is expected to grow at a rapid pace during the forecast period. Automotive wiring harness can be explained as wires or cables which helps in transmitting signal or electrical power in automobiles. This wiring harness works in an entire vehicle through electric power to connect various components. The growing automotive industry coupled with increasing demand of passenger vehicles have augmented the growth of global automotive wiring harness market. Moreover, the technological advancements, rising consumer preference towards high end passenger car have gained a momentum in the global market. Furthermore, the wiring harness has also helped in reducing fuel consumption of vehicles. Focus of automotive safety, increasing demand for hybrid cars and major developments among existing players are the major ongoing trends in the global market.
The global automotive wiring harness market is expected to reach USD 98.4 billion by 2023 with a CAGR of 5.6%.
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The key players of global automotive wiring harness markets includes Delphi Corporation, Yazaki Corporation, Leoni Group, Sumito Electric Industries, Furukawa Electric, Fujikura Ltd, PKC Group, SPARK MINDA, THB Group, Yura Corporation and among others.
Study Objectives of Global Automotive Wiring Harness market
To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global automotive wiring harness market
- To provide insights about factors affecting the market growth
- To analyze the global automotive wiring harness market based on various tools such as supply chain analysis, and porter’s five force analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by vehicle type, material type, application and region
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the automotive wiring harness market
The global automotive wiring harness market has been segmented into:
By Vehicle Type
- Passenger Car
- Light Motor Vehicles
- Heavy Motor Vehicle
By Material Type
Automotive Wiring Harness Market
The Asia-Pacific region is expected to grow the largest during the forecasted period because of the booming automobile market in the region. The increasing buying power especially in countries such as China and India is driving the market for the wiring harness. Also there is increasing two wheeler sales in the region, however, becomes a major opportunity for market growth. In North America and Europe region the market is responsive to the huge after sales demand in the region.
The report for Global Automotive Wiring Harness Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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