Automotive Wiring Harness Market size was valued at USD 49.46 Bn. in 2022 and the total revenue is expected to grow at 4.8% of CAGR through 2023 to 2029, reaching nearly USD 68.68 Bn.
Automotive Wiring Harness Market Report Overview
The report provides a comprehensive analysis of the current and future market scenario for the Automotive Wiring Harness Market. It provides insights and updates on the key sectors, including demand across the world, product manufacturing, income generation, and sales and revenue. The report also provides two scenarios for a complete analysis of the market, including Automotive Wiring Harness sales in the forecast period. The first scenario is based on the assumption that the Automotive Wiring Harness market will continue to grow at its current rate. The second scenario is based on the assumption that the market will experience some disruption, such as a change in regulations or a new product entering the Automotive Wiring Harness industry. The report also includes a detailed analysis of the competitive landscape, including the key players, their strategies, and their strengths and weaknesses. This analysis will help businesses to identify opportunities and threats in the market and to develop strategies to succeed.
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Automotive Wiring Harness Market Report Scope and Research Methodology
The Automotive Wiring Harness market report provides a comprehensive analysis of the market, including recent developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths and regional growth.
The report also includes a PESTLE analysis, which identifies the micro and macro-level factors that are influencing the market. A SWOT analysis is also included, which identifies the strengths and weaknesses of the market. The report also focuses on the global key players in the market, including market leaders, followers, and new entrants.
Automotive Wiring Harness Market Dynamics
The growing awareness of the importance of safety and security has increased the demand for driver assist technologies (ACC, BSD, AFL, and LKA) that integrate advanced features in vehicles. Furthermore, vehicle manufacturers must adhere to safety regulations and include features such as airbags. Passive safety features have been mandated by the Bharat New Vehicle Safety Assessment Programme (BNVSAP). For example, starting in July 2019, standard fitment for driver-side and front passenger-side airbags was mandated for all new models starting in April 2021 and all existing models starting in September 2021 in India.
Automatic emergency braking systems are expected to be standard in vehicles in the United States by 2022, according to the NHTSA (National Highway Traffic Safety Association). The incorporation of multimedia and security systems has increased the rate of installation of wiring harnesses. To improve the driving experience, comfort features such as voice recognition system, ambient lighting system, heated seat, heated steering wheel, improved functionality of infotainment, digital IP display, cooled cupholder, and additional power steering functions have gained popularity.
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Automotive Wiring Harness Market Regional Insights
The research covers a detailed analysis of the market size and dynamics in North America, Canada, Mexico, Europe, Germany, France, Spain, Italy, Rest of Europe, Asia-Pacific, China, India, Japan, Australia, Korea, ASEAN countries, rest of APAC, South America, Brazil, Middle East and Africa.
Automotive Wiring Harness Market Segmentation
by Component
1. Electric wire
2. Connector
3. Terminals
4. Other
by Application
1. Body
2. Engine
3. Chassis
4. HVAC
5. Sensors
by Vehicle type
1. Passenger car
2. Commercial vehicles
by Material type
1. Metallic
2. Optical fiber
by Transmission type
1. Electrical wiring
2. Data transmission
Automotive Wiring Harness Market Key Players
1. Aptiv PLC (US)
2. Delphi Automotive LLP (US)
3. The Harness Connection (US)
4. Lear Corporation (US)
5. QINGDAO SANYUAN GROUP (US)
6. Fujikura Ltd (Japan)
7. Furukawa Electric Co. Ltd. (Japan)
8. Sumitomo Electric Industries, Ltd. (Japan)
9. THB Group (UK)
10. Nexans (France)
11. Yura Corporation (Korea)
12. Leoni Ag (Germany)
13. PKC Group (Finland)
14. Minda Spark (India)
15. Devise Electronics Pvt. Ltd. (India)
16. EMDEP TestBoards (India)
17. Samvardhana Motherson Group (India)
18. AutoelectricYazaki Corporation (India)
Key questions answered in the Automotive Wiring Harness Market are:
- What is the expected Automotive Wiring Harness market size by the end of the 2029?
- What is the expected CAGR of the Automotive Wiring Harness market during the forecast period?
- What are the emerging trends in the Automotive Wiring Harness Market?
- What are the factors contributing to the final price of Automotive Wiring Harness ?
- What are the major challenges that the Automotive Wiring Harness Market could face in the future?
- Who held the largest market share in the Automotive Wiring Harness Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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