 |
The Global Automotive Wiring Harness Market will expand at an 8.60%
CAGR during the forecast period from 2015 to 2021. In 2014, the
global automotive wiring harness market was worth US$45.4 bn and by
2021, it is projected to be worth US$80.5 bn.
The research study on the global automotive wiring harness market
provides an in-depth evaluation of the drivers of the market from the
supply side, demand side, and economic perspective. The key supply
side driver of the global automotive wiring harness market is the
growing innovation in wiring harness system. The most prominent
driver from the demand side for the market is the growth in overall
vehicle production. The key economic driver of the global automotive
wiring harness market is the reduction in the cost of automotive
wiring harnesses. Nevertheless, the global automotive wiring harness
market will be suppressed by maintenance issues related to automotive
wiring harnesses.
By vehicle type, the global automotive wiring harness market is
segmented into heavy vehicles and light vehicles, among which the
market is dominated by the light vehicles segment. The segment is
driven by factors such as the low maintenance needs and better fuel
combustion of light vehicles.Application-wise, the global automotive
wiring harness market is divided into speed sensors wiring harnesses,
body wiring harnesses, engine wiring harnesses, heat, ventilation,
and air conditioning (HVAC) wiring harnesses, and chassis wiring
harnesses. In 2014, the global automotive wiring harness market was
dominated by the chassis wiring harnesses segment, followed by the
HVAC segment. The chassis segment is projected to continue its
dominance in the global automotive wiring harness market in the
coming few years.
On the basis of geography, the global automotive wiring harness
market is classified into Asia Pacific, Europe, North America, and
Rest of the World. In 2014, the global automotive wiring harness
market was led by Europe. The presence of prominent automobile
manufacturers such as BMW, Mercedes Benz, and Audi in Europe is
driving this regional market and generating an exponential demand for
premium passenger cars. These cars are fitted with innovative
electronic devices for safety and navigation, which will further
drive the European automotive wiring harness market.
Request the Sample Research Report
Asia Pacific is projected to be the most attractive market for
automotive wiring harnesses during the forecast period. This region
will benefit from the rising installation of automotive wiring
harnesses in safety and navigation devices. In addition to this, the
Asia Pacific automotive wiring harness market will also be driven by
the implementation of government regulations for vehicle safety as
car instruments require speed sensor wiring harnesses.Players in the
global automotive wiring harness market will benefit from the
opportunities presented by the growing use of wiring harnesses in
alternative energy vehicles and rising demand for automotive Ethernet
cables. Some of the key players operating in the global automotive
wiring harness market are Furukawa Electric, Delphi Automotive, Lear,
Yazaki, Leoni, Nexans Autoelectric, and Minda Automotive, and THB.
Key Segments of the Global Automotive Wiring Harness Market
Global Automotive Wiring Harness Market: By Vehicle Type
> Light Vehicles
> Heavy Vehicles
Global Automotive Wiring Harness Market: By Application
> Chassis Wiring Harness
> HVAC Wiring Harness
> Engine Wiring Harness
> Body Wiring Harness
> Speed Sensors Wiring Harness
Global Automotive Wiring Harness Market: By Geography
> North America
> Europe
> Asia Pacific
> Rest of the World
Download the Brochure of Automotive Wiring Harness Market
No comments:
Post a Comment