Automotive Wiring Harness Market Outlook to 2025 | APTIV PLC, FUJIKURA, FURUKAWA ELECTRIC, LEAR CORPORATION

The global automotive wiring harness market accounted to US$ 47.08 Bn in 2018 and is expected to grow at a CAGR of 4.27% during the forecast period 2019 - 2027, to account to US$ 68.18 Bn by 2027. It is believed that there are more than a billion cars are on road worldwide. Also, people have been keen on keeping cars for longer times with them than ever before and therefore, the expenditures on the aesthetics and design of cars is expected to be more than ever before. Previously, automotive wiring harness were considered to be the most overlooked suspension components in the passenger cars. However, with gaining importance for fuel efficiencies while driving and surging demands for smoother rides have translated into healthy growth for wire harness products in the passenger cars.

Currently, the automotive wiring harness market is experiencing a steady growth that is attributed to numerous factors. The most significant factors that have impacted the growth of this industry are more disposable incomes with consumers and consequently more number of passenger cars on the roads; poor condition of roads in the developing and the under developed economies and the parallel advancements made in the consumer products industry. Over the years the automobile industry has experienced occasional highs and lows as a result of the changes in economy, weather conditions and the interest from new investors. The consumer spending on automotive components and other allied accessories has changed drastically that present large opportunities to the businesses today.

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Key players profiled in the report include  APTIV PLC, FUJIKURA, FURUKAWA ELECTRIC CO. LTD., LEAR CORPORATION, LEONI AG, SPARK MINDA, ASHOK MINDA GROUP, MOTHERSON SUMI SYSTEMS LTD. (SAMVARDHANA MOTHERSON GROUP), NEXANS, SUMITOMO ELECTRIC INDUSTRIES. LTD., YAZAKI CORPORATION

Wiring harness provides electrical as well as data connection within a vehicle. With the rise of advanced driver assistance systems such as Anti-lock Brake System (ABS), Electronic Brake Distribution (EBD), Lane-keep Assist, Traction Control, Electronic Stability Program (ESP), Adaptive Cruise Control, Automatic Braking, Automatic Parking and Blind Spot Detection (BSD) among others, the demand for data connectivity cables or harness is set to increase. It is believed that in the future, with the advent of more driver assistance systems and autonomous driving is further going to increase the demand for faster, better, and more rugged data connectivity solution. Thus, these factors are going to drive the market for wiring harness over the forecast period from 2019 - 2027.
The Automotive wiring harness market globally has been segmented on the basis of vehicle type into Passenger Cars, Light Automotive, and Medium & Heavy Automotive. On the basis of type the automotive wiring harness market is further segmented into Main, Auxiliaries, Cockpit, ICE Harness, E-Motor Harness, and others. Geographically the automotive wiring harness market is presently dominated by APAC and further the automotive wiring harness market is expected to be in favor of APAC.

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Table of Content

1.INTRODUCTION

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. AUTOMOTIVE WIRING HARNESS MARKET LANDSCAPE

5. KEY MARKET DYNAMICS

6. AUTOMOTIVE WIRING HARNESS – GLOBAL MARKET ANALYSIS

7. GLOBAL AUTOMOTIVE WIRING HARNESS MARKET ANALYSIS – BY VEHICLE TYPE

8. GLOBAL AUTOMOTIVE WIRING HARNESS MARKET ANALYSIS – BY TYPE

9. AUTOMOTIVE WIRING HARNESS MARKET – GEOGRAPHICAL ANALYSIS

10. INDUSTRY LANDSCAPE

11. COMPANY PROFILE

11.1 APTIV PLC

11.2 FUJIKURA

11.3 FURUKAWA ELECTRIC CO. LTD.

11.4 LEAR CORPORATION

11.5 LEONI AG

11.6 SPARK MINDA, ASHOK MINDA GROUP

11.7 MOTHERSON SUMI SYSTEMS LTD. (SAMVARDHANA MOTHERSON GROUP)

11.8 NEXANS

11.9 SUMITOMO ELECTRIC INDUSTRIES. LTD.

11.10 YAZAKI CORPORATION

12. APPENDIX

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Posted by on Tuesday June 25 2019, 2:45 AM EDT. All trademarks acknowledged. Filed under Automotive, Business Services, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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