The global automotive wiring harness market size in terms of value was estimated to be USD 42.70 Billion in 2016 which is projected to grow to USD 61.30 Billion by 2021 at a CAGR of 7.5%
Seattle, WA -- (SBWIRE) -- 03/14/2017 -- The report "Automotive Wiring Harness Market by Application (Chassis, Body, Engine, HVAC, and Speed Sensors), Vehicle Type (Light, and Heavy), EV Type (PHEV, BEV, and HEV), Component Type (Connectors, Terminals), Material Type, and Region - Global Forecast to 2021", The global automotive wiring harness market size in terms of value was estimated to be USD 42.70 Billion in 2016 which is projected to grow to USD 61.30 Billion by 2021 at a CAGR of 7.5%.
Browse 90 market data tables and 78 figures spread through 170 pages and in-depth TOC on "Automotive Wiring Harness Market - Global Forecast to 2021"
Download PDF Brochure
Early buyers will receive 10% customization on reports.
The major factors behind the growth of the automotive wiring harness market are the increasing installations of advanced driver assistance systems, stringent automotive safety norms introduced by the government and rising preference of automotive electricals among end-users.
Make an Inquiry
Speed Sensors Harness - To show high growth potential
The automotive wiring harness market across globe is dominated by the chassis wiring harness in application type, followed by body harness and speed sensors harness. In terms of growth rate, the market for speed sensors harness is expected to show highest CAGR in the next five years. This can be attributed to the increasing installations of driver assistance systems in new vehicle models launched every year, the type of electronics present in the vehicles, and the increasing mandates of automotive safety.
Light Vehicles – Largest share in automotive wiring harness market
Growing complexity in the vehicle electronics, coupled with increasingly stringent emission norms has been propelling the growth of the passenger car segment of the global automotive wiring harness market during the forecast period.
Asia-Pacific: Fastest growing market for automotive wiring harness
The demand for technologically advanced cars has also witnessed a boost recently in Asia-Pacific region with the convergence of the ICT sector, the automotive sector, and the transportation sector resulting in the emergence of the advanced vehicle ecosystem. Upcoming safety regulations would increase installation of automotive safety technologies in passenger cars. Also, increase in penetration rate of high end electronics features in passenger cars and growing demand for light and heavy vehicles in Asia-Pacific countries are driving this market. The emergence of advanced driving assistance technologies have given a new factor to OEMs to remain relevant in a highly competitive market. Thus it is evident that from the increasing use of technologically advanced cars, it is evident that the need for wiring harness in cars will also increase in the Asia-Pacific market.
This report also explains the qualitative aspects of automotive wiring harness with respect to material and advancements over the course of time. This report also shows an overview of the components of automotive wiring harness and the installations in electric vehicles. It covers the Porter's five forces analysis, competitive landscape, and company profiles for major players in the market for automotive wiring harness.
Asia-Pacific and North America are key markets with a number of automotive wiring harness manufacturers, such as Sumitomo Electric Industries, Ltd. (Japan), Lear Corporation (U.S.A.), Delphi Automotive Plc (U.K), Yazaki Corporation (Japan), Leoni AG (Germany).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.
M&M's flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States