Global Automotive Wiring Harness Markets to 2025 – Led by Aptiv, Sumitomo Electric Industries, Yazaki Corporation and Leoni – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Automotive
Wiring Harness Market Size, Share & Trends Analysis Report By Vehicle,
By Component (Electric Wires, Connectors, Terminals), By Application, By
Electric Vehicle, By Region, And Segment Forecasts, 2018 – 2025”

report has been added to ResearchAndMarkets.com’s
offering.

The global automotive wiring harness market size is expected to reach
USD 77.15 billion by 2025 at a 6.2% CAGR during the forecast period.

Rising integration of electronic devices in vehicles has positively
affected demand for automotive wiring harnesses.

Moreover, employing technologically advanced systems such as
infotainment systems and advanced driver assistance systems in vehicles
is expected to drive demand over the forecast period.

Increasing adoption of electric vehicles (EVs) in developing regions is
also anticipated to drive the automotive wiring harness market as the
number of electronic components used in EVs is significantly higher than
that in conventional automobiles.

Increasing tax benefits and incentives by governments across the globe
is also propelling demand for EVs, consequently driving the sales of
wiring harnesses.

Demand for automotive wiring harness is directly proportional to
increase in vehicle production. Thus, increasing levels of disposable
income across developed economies, particularly emerging economies such
as India, Brazil, and China, are driving the automotive manufacturing
industry, which, in turn, is expected to trigger the growth of the
wiring harness industry.

Key Findings

  • Based on component, the terminals segment is projected to witness the
    fastest growth over the forecast period, primarily driven by
    development of advanced technologies in the automotive field,
    including driver assistance systems and safety features
  • By application, the chassis segment accounted for approximately 30% of
    the overall revenue in 2017 as they are used in various vehicle
    components such as headlamps, fog lamps, and turn indicators
  • Demand for battery electric vehicles (BEVs) is driven by increase in
    fossil fuel prices, enforcement of emission laws, and anticipated
    expansion of charging infrastructure worldwide, all of which is slated
    to drive the segment by EV
  • By vehicle type, the light vehicle segment is anticipated to witness
    the highest CAGR, which is ascribed to increasing production of
    passenger cars in emerging markets
  • Major industry players include Aptiv PLC, Sumitomo Electric
    Industries, Ltd., Yazaki Corporation, and Leoni AG. Recycling
    components to attain raw materials and ability to optimize costs
    through low-cost labor country sourcing are expected to emerge as key
    success factors for manufacturers in this industry

Topics Covered

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Automotive Wiring Harness Industry Outlook

Chapter 4. Automotive Wiring Harness Market: Component Outlook

Chapter 5. Automotive Wiring Harness Market: Application Outlook

Chapter 6. Automotive Wiring Harness Market: Electric Vehicle Outlook

Chapter 7. Automotive Wiring Harness Market: Vehicle Outlook

Chapter 8. Automotive Wiring Harness Market: Regional Outlook

Chapter 9. Competitive Landscape

  • Delphi Technologies PLC (Aptiv PLC)
  • Furukawa Electric Co. Ltd.
  • Kromberg & Schubert GmbH Cable & Wire
  • LEONI AG
  • Lear Corporation
  • PKC Group
  • Sumitomo Electric Industries Ltd.
  • Spark Minda, Ashok Minda Group
  • China Auto Electronics Group Limited (THB Group)
  • Yazaki Corporation

For more information about this report visit https://www.researchandmarkets.com/research/lvzgr5/global_automotive?w=4

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