The automotive wiring harness market is estimated to be USD 81.17 Billion in 2018 and is projected to reach USD 120.69 Billion by 2025, at a CAGR of 5.83% from 2018 to 2025.
Northbrook, IL -- (SBWIRE) -- 08/17/2018 -- The report "Automotive Wiring Harness Market by Application (Engine, Dashboard/Cabin, Body & Lighting, Airbag, HVAC, Battery), Propulsion, Vehicle (PC, LCV, Buses, Trucks), EV type, Component (Connectors, Wires, Terminals), Material, and Region - Global Forecast to 2025", The Automotive Wiring Harness Market is estimated to be USD 81.17 Billion in 2018 and is projected to reach a market size of USD 120.69 Billion by 2025, growing at a CAGR of 5.83% during the forecast period.
Browse 95 market data Tables and 80 Figures spread through 184 Pages and in-depth TOC on "Automotive Wiring Harness Market by Application (Engine, Dashboard/Cabin, Body & Lighting, Airbag, HVAC, Battery), Propulsion, Vehicle (PC, LCV, Buses, Trucks), EV type, Component (Connectors, Wires, Terminals), Material, and Region - Global Forecast to 2025"
Early buyers will receive 10% customization on reports.
The market growth is driven by factors such as a rise in trend of integrating advanced features for improving performance and user driving experience and growing demand for electric vehicles.
The HVAC harness segment is estimated to be the fastest growing market in the automotive wiring harness market during the forecast period, by application
The HVAC application segment is estimated to witness the highest growth in the automotive wiring harness market because of the rise in adoption of HVAC application in commercial vehicles such as buses and trucks. The vehicle manufacturers are now offering comfort & convenience features in LCVs, buses, and trucks, which is driving the growth of HVAC application in automotive wiring harness market. Also, commercial vehicles require large wiring harnesses due to the long vehicular structure, thereby pushing the demand for wiring harness globally.
Download PDF Brochure:-https://www.marketsandmarkets.com/pdfdownload.asp?id=170344950
The passenger car segment is estimated to be the largest market in the automotive wiring harness market during the forecast period, by vehicle type
The passenger car segment is estimated to be the largest segment, by volume as well as value, of the automotive wiring harness market during the forecast period. The large pool of consumers for the passenger car segment and high demand for safety & luxury features in passenger cars have contributed to the growth of the passenger car segment in the automotive wiring harness market.
Asia Pacific to be the fastest growing regional market for automotive wiring harness market
The Asia Pacific is projected to be the fastest growing market for automotive wiring harness during the forecast period. The market growth in the region can be attributed to the rapid growth of the automotive sector in countries such as China, Japan, South Korea, and India. Moreover, the improved lifestyle of consumers and rapid urbanization have boosted the demand for passenger vehicles, which in turn would trigger the growth of the automotive wiring harness market in the region.
The key players in the automotive wiring harness market are Yazaki (Japan), Sumitomo (Japan), Aptiv (UK), Leoni (Germany), Lear (US), Furukawa (Japan), Samvardhana Motherson (India), Nexans (France), Fujikura (Japan), and THB (China).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets