According to a new market research report published by Credence Research “Automotive Wiring Harness Market (By Material: Copper, Aluminum and Other Metals and Alloys; By Vehicle Type: Two Wheelers, Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles; By Application: Chassis, Body, Engine, HVAC and Sensors) - Growth, Future Prospects, and Competitive Landscape, 2017-2025”, the automotive wiring harness market is expected to reach US$ 92.9 Bn in 2025.
The complete report is available at http://www.credenceresearch.com/report/automotive-wiring-harness-market
Post economic depression, growing demand for automobiles with enhanced safety and functionality features has been a major driving factor for the growth in the global automotive sector. From past few years, growth in the automotive sector has created new avenues for adjacent industries such as automotive wiring harness market to flourish. Consumer preference for technologies such as advanced driving assistance and smart automotive electrical components have encouraged automobile manufacturers to incorporate these technologies into their vehicles. In addition, stringent regulations framed by the automobile associations such as Society of Automotive Engineers (SAE) and International Standard Organization (ISO) for safety and fuel economy have been major driving factors for a revolution in the automotive industry. Demanding nature of new age automobiles has created a need for efficient wiring harnesses to sustain rising electric load.
The automotive industry has been witnessing a significant growth in past few years. Modern day automobiles are loaded with features and utilities which require an efficient power and signal transmission medium. Rising incorporation of enhanced sensor technology in automobiles has further raised the significance of automotive wiring harness. Wiring harness offers secure electric connections by avoiding operational setbacks such as fire and short-circuit. Intense competition and strict guidelines laid by automobile associations have forced automobile manufacturers to incorporate efficient wiring harness to upgrade their product reliability. In addition, automotive wiring harness offers ease in installation, maintenance and replacement for new as well as old automobiles. Initial installation of wiring harness is an expensive process, which poses as a major challenge for growth in the automotive wiring harness market. However, high initial cost of the wiring harness can be remunerated by its reliability and long operational life. Thereby, negative impact of initial expenses on the market is expected to reduce gradually during the forecast period.
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.5. Approach Adopted
2.1. Global Automotive Wiring Harness Market Snapshot
2.2. Global Automotive Wiring Harness Market, By Material
2.3. Global Automotive Wiring Harness Market, By Vehicle Type
2.4. Global Automotive Wiring Harness Market, By Application
2.5. Global Automotive Wiring Harness Market, By Geography ...
Global Automotive Wiring Harness Market Value, By Vehicle Type, 2015 – 2025 (US$ Mn)
5.1. Market Analysis
5.2. Two Wheelers
5.3. Passenger Cars
5.4. Light Commercial Vehicles
5.5. Heavy Commercial Vehicles ...
11.1. Ashok Minda Group
11.2. China Auto Electronics Group Limited (THB Group)
11.3. Delphi Automotive LLP
11.4. Furukawa Electric Co., Ltd.
11.5. Fujikura Ltd.
11.6. LEONI AG
11.7. Lear Corporation
11.8. Nexans Autoelectric GmbH
11.9. PKC Group ...
The global automotive wiring harness market is segmented, based on material, into following categories:
- Other Metals and Alloys
In 2016, aluminum wiring harness dominated the overall automotive wiring harness market. Aluminum wiring harness is the most commonly used and easily available wiring harness in the market. It offers several merits such as reduction in weight, easy availability and low-cost alternative for the copper harness. Consumers and manufacturers are replacing their heavier copper wiring harness with more economical aluminum wiring harness. Thereby, the demand for aluminum wiring harness has been on a consistent rise in various markets especially in the cost-sensitive markets of Asia Pacific region.
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