Global Automotive Wiring Harness Market, By Vehicle Type (Passenger Cars and Commercial Vehicles (*including electric vehicles)), By Application Type (Body harness, Chassis harness, Engine Harness, Speed Sensors Harness and Others), By Component Type (Connectors, Wires and Others), By Material Type (Aluminium, Copper and others), By Company Forecast & Opportunities, 2015-2025
New York, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Automotive Wiring Harness Market, By Vehicle Type, By Application Type, By Component Type, By Material Type, By Company Forecast & Opportunities, 2015-2025" - https://www.reportlinker.com/p06003941/?utm_source=GNW
Global automotive wiring harness market stood at USD 47.98 Billion in 2019, in value terms, and is projected to surpass USD 67.53 Billion by 2025, growing at a CAGR of 15.63% in the next five years. Anticipated growth in the market can be attributed to growing demand for automobiles and inclination towards quality aspect of vehicles. Nowadays, auto-makers are focusing on wires which occupies less space and are lighter in weight. Electrical subsystems form an integral component to transfer energy for functioning of different components or parts of the vehicles which is driving the automotive wiring harness market. However, high replacement cost and lack of efficacy among workers required for the crimping process can hamper the growth of the market.
Global automotive wiring harness market is segmented based on vehicle type, application, material and region. In terms of vehicle type, passenger car led the market with share of 75.10% in 2019. The growth of the segment can be ascribed to increased vehicle registrations and growing disposable income.
Regionally, in 2019, Asia Pacific dominated the market, this is due to the growing infrastructure, rising demand for safety, low labor cost and growing automotive manufacturing. Due to presence of leading players in countries such as China, India, the region is projected to continue dominance until 2025.
Some of the major players operating globally in automotive wiring harness market are Yazaki Corporation, Sumitomo Electric Industries, Ltd, Aptiv Plc, Lear Corporation, Yura Corporation Ltd., Samvardhana Motherson Group, Leoni AG, Fujikura Automotive Ltd., Spark Minda, and PKC Group Oy.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the Study:
• To assess the demand-supply scenario of Automotive Wiring Harness which covers production, demand, supply, and net inventory status of Automotive Wiring Harness globally.
• To analyze and forecast the market size of Automotive Wiring Harness, in terms of value as well as volume.
• To classify and forecast global Automotive Wiring Harness market based on vehicle type, application type, component type, material type and regional distribution.
• To identify drivers and challenges for global Automotive Wiring Harness market.
• To examine competitive developments such as expansions, new product launches etc., in global Automotive Wiring Harness market.
• To conduct the pricing analysis for global Automotive Wiring Harness market.
• To identify and analyze the profile of leading players involved in the manufacturing of global Automotive Wiring Harness market.
To perform the study, the analyst conducted primary as well as exhaustive secondary research.Initially, the analyst prepared an exhaustive list of Automotive Wiring Harness manufacturers and suppliers operating globally.
Subsequently, the analyst conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, the analyst could include manufacturers which could not be identified due to the limitations of secondary research. The analyst examined product offerings, distribution channels, and regional presence of all major Automotive Wiring Harness supplier across the globe.
The analyst calculated the market size for global Automotive Wiring Harness market using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, were recorded as well as forecast for the future years. The analyst sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size.
Multiple secondary sources such as directories, databases such as Canadian Automobile Association, European Automobile Manufacturers Association, Company Websites, company annual reports, white papers, investor presentations and financial reports were also used by the analyst.
Key Target Audience:
• Automotive Wiring Harness manufacturers
• Automotive Wiring Harness raw material suppliers
• Research organizations and consulting companies
• Associations, organizations, forums and alliances related to wire harness market
• Government bodies such as regulating authorities and policy makers
• Industry associations
• Market research and consulting firm
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Automotive Wiring Harness manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, Global Automotive Wiring Harness market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Automotive Wiring Harness Market, by Vehicle Type:
o Passenger Cars
o Commercial Vehicle (*including passenger and commercial electric vehicles)
• Global Automotive Wiring Harness Market, by Application Type:
o Body Harness
o Chassis Harness
o Engine Harness
o Speed Sensors Harness
• Global Automotive Wiring Harness Market, by Material Type:
• Global Automotive Wiring Harness Market, by Region:
o Asia Pacific
o Europe & CIS
o North America
o South America
o Middle East
Company Profiles: Detailed analysis of the major companies present in automotive wiring harness.
With the given market data, we offers customizations according the company’s specific needs. The following customization options are available for the report:
Raw Material Analysis
• Detailed list of different raw materials used in production of automotive wiring harness, list of existing suppliers of raw materials, pricing analysis of raw materials, analysis of difference between imported and domestically procured raw materials.
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.
Read the full report: https://www.reportlinker.com/p06003941/?utm_source=GNW
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