Press release
Automotive Wiring Harness Market Attractive Market Opportunities in the by 2021
The automotive wiring harness broadly consists of six components namely electric wire, protector, grommet, terminal, tape and clamp. Automotive wiring harness industry is showing great advancements in increasing the efficiency of the harness. The price of automotive wiring harness have been declining in recent times due to falling copper prices (one of the raw material for automotive wiring harness) and several lawsuits against the price control practice of the key manufacturers. The fall in prices has further increased the demand for automotive wiring harness globally. In the European Union, six substances used in automotive wiring harness namely lead, mercury, hexavalent chromium, polybrominated biphenyls and polybrominated diphenyl ether must fall under RoHS lead-free directive.
Request for Report Sample: https://www.persistencemarketresearch.com/samples/3678
Among regions, Asia Pacific dominated the global automotive wiring harness market in 2013 followed by Europe. Japan is the leading producer of automotive wiring harness in Asia Pacific. With the increasing automobiles, Asia Pacific is expected to retain its leadership position by 2020.
The pacified European automobile market is expected to pick up the fast growth trend with its recovering economy which is expected to forward its benefit to the automotive wiring harness market.
The automotive wiring harness market for new energy vehicles including the electric and hybrid vehicles have higher per unit cost due to the higher production cost of high voltage wiring harness assembly. The special processing in terms of electricity transmitting capacity, mechanical strength, insulation protection and electromagnetic compatibility increases the production cost by 25%-50%. The increasing numbers of new energy vehicles are expected to boost the automotive wiring harness market significantly in terms of value. The Chinese market for new energy vehicles is increasing rapidly which is expected to attract significant demand for the automotive wiring harness market in this category.
Automotive wiring harness industry is highly consolidated where four major players account for about 75% of the market. The key market players in automotive wiring harness market include Delphi Automotive, Furukawa Electric, Lear, Leoni, Sumitomo Electric Industries, Yazaki, Tianjin Jin-Zhu Wiring Systems and Prestolite Wire.
Request for Report TOC: https://www.persistencemarketresearch.com/toc/3678
The large companies have been making organic and inorganic investments to increase their global reach and cater to the increasing automotive wiring harness demands. For instance, Furukawa acquired Mitsubishi’s automotive connector business in 2011 to increase investment in this field. In May 2013, Furukawa decided to expand the production of its Philippines factory. Chinese automotive wiring harness company Shenzen Deren Electronics Co. Ltd. purchased auto connector and wiring harness business of CAEG in 2012. The largest companies such as Yazaki, SY System Tech, Leoni and Furukawa have been several times penalized for controlling market prices in North America and Europe. These four companies have been penalized with USD 187 million in July 2013 by European Union on the same grounds.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA,Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Wiring Harness Market Attractive Market Opportunities in the by 2021 here
News-ID: 1076916 • Views: …
More Releases from Persistence Market Research
Air Compressor Market Forecast, Rising Demand Across Manufacturing and Construct …
Market Overview
The global air compressor market has evolved into a cornerstone of modern industrial operations, offering indispensable solutions across sectors such as manufacturing, oil & gas, power generation, construction, healthcare, and automotive. Air compressors convert power into potential energy stored in compressed air, which is later used for a wide range of mechanical tasks. The growing demand for energy-efficient systems, combined with the need for reliable compressed air solutions in…
Computer Numerical Control (CNC) Machines Market Forecast, Technological Advance …
Market Overview
The global Computer Numerical Control (CNC) machines market is witnessing robust growth as industries increasingly adopt advanced manufacturing technologies to boost precision, speed, and productivity. In 2023, the market was valued at US$6.2 billion and is forecast to expand at a CAGR of 9.5%, reaching US$11.7 billion by 2030. CNC machines, which automate control of machining tools through computer programming, have become an indispensable part of sectors such as…
Millimeter Wave Body Scanner Market to Witness Strong Demand Across Airports & P …
Market Overview
The millimeter wave body scanner market has emerged as a critical segment within global security technologies, particularly in high-risk environments such as airports, government buildings, and public event venues. These scanners utilize non-ionizing millimeter wave technology to detect concealed objects on a person's body without physical contact, delivering both enhanced accuracy and safety compared to older technologies like X-ray scanners. The increasing need for advanced threat detection systems, coupled…
Industrial Cooling System Market, Driving Efficiency and Reliability in Next-Gen …
Market Overview
The global industrial cooling system market is witnessing steady growth, driven by rising demand for energy-efficient solutions and expanding applications across industries such as manufacturing, oil & gas, chemicals, power generation, and data centers. Cooling systems are indispensable for maintaining operational efficiency, protecting sensitive machinery, and ensuring workforce safety in environments with extreme heat generation. According to recent projections, the market is expected to expand at a CAGR of…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
