Automotive Wiring Harness Market : Latest Innovations, Drivers and Industry Key Events 2015 - 2021

Among regions, Asia Pacific dominated the global automotive wiring harness market in 2013 followed by Europe. Japan is the leading producer of automotive wiring harness in Asia Pacific.

Logo

New York, NY -- (SBWire) -- 08/16/2016 --Automotive wiring harness is an assembly of wires or cables which transmits electrical power or signals in the automobiles. As compared to the individual electric wires in an automotive, automotive wiring harness are better safeguarded against the impact of vehicular vibrations. Additionally, automotive wiring harness is more secure from abrasions and moisture. The global automotive wiring harness market is witnessing exponential growth due to the increasing automobile industry.

Request TOC : http://www.persistencemarketresearch.com/toc/3678

The automotive wiring harness broadly consists of six components namely electric wire, protector, grommet, terminal, tape and clamp. Automotive wiring harness industry is showing great advancements in increasing the efficiency of the harness. The price of automotive wiring harness have been declining in recent times due to falling copper prices (one of the raw material for automotive wiring harness) and several lawsuits against the price control practice of the key manufacturers. The fall in prices has further increased the demand for automotive wiring harness globally. In the European Union, six substances used in automotive wiring harness namely lead, mercury, hexavalent chromium, polybrominated biphenyls and polybrominated diphenyl ether must fall under RoHS lead-free directive.

Among regions, Asia Pacific dominated the global automotive wiring harness market in 2013 followed by Europe. Japan is the leading producer of automotive wiring harness in Asia Pacific. With the increasing automobiles, Asia Pacific is expected to retain its leadership position by 2020.

The pacified European automobile market is expected to pick up the fast growth trend with its recovering economy which is expected to forward its benefit to the automotive wiring harness market.

The automotive wiring harness market for new energy vehicles including the electric and hybrid vehicles have higher per unit cost due to the higher production cost of high voltage wiring harness assembly. The special processing in terms of electricity transmitting capacity, mechanical strength, insulation protection and electromagnetic compatibility increases the production cost by 25%-50%. The increasing numbers of new energy vehicles are expected to boost the automotive wiring harness market significantly in terms of value. The Chinese market for new energy vehicles is increasing rapidly which is expected to attract significant demand for the automotive wiring harness market in this category.

Automotive wiring harness industry is highly consolidated where four major players account for about 75% of the market. The key market players in automotive wiring harness market include Delphi Automotive, Furukawa Electric, Lear, Leoni, Sumitomo Electric Industries, Yazaki, Tianjin Jin-Zhu Wiring Systems and Prestolite Wire.

Buy Full Report @ http://www.persistencemarketresearch.com/checkout/3678

The large companies have been making organic and inorganic investments to increase their global reach and cater to the increasing automotive wiring harness demands. For instance, Furukawa acquired Mitsubishi's automotive connector business in 2011 to increase investment in this field. In May 2013, Furukawa decided to expand the production of its Philippines factory. Chinese automotive wiring harness company Shenzen Deren Electronics Co. Ltd. purchased auto connector and wiring harness business of CAEG in 2012. The largest companies such as Yazaki, SY System Tech, Leoni and Furukawa have been several times penalized for controlling market prices in North America and Europe. These four companies have been penalized with USD 187 million in July 2013 by European Union on the same grounds.

Key geographies evaluated in this report are:

North America

U.S
Canada

Europe

France, Germany, Italy, Spain, and the UK
Eastern Europe
CIS

APAC

China
India
Japan
Australia
Others

Latin America

Argentina
Brazil
Others

Key features of this report

Drivers, restraints, and challenges shaping the Automotive Wiring Harness market dynamics
Latest innovations and key events in the industry
Analysis of business strategies of the top players
Automotive Wiring Harness market estimates and forecasts(2015 -2021)

About Persistence Market Research
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Media Relations Contact

Rahul Singh
Marketing Manager
Persistence Market Research Pvt. Ltd
646-568-7751
http://www.persistencemarketresearch.com/market-research/automotive-wiring-harness-market.asp

View this press release online at: http://rwire.com/714686