openPR Logo
Press release

Automotive Wiring Harness Market to Reach US$ 91.53 Bn By 2025

07-17-2018 07:54 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Automotive Wiring Harness Market to Reach US$ 91.53 Bn By 2025

Future Market Insights (FMI) recently announced the release of its report titled “Automotive Wiring Harness Market: Global Industry Analysis and Opportunity Assessment 2015-2025”. According to the report, the global automotive wiring harness market was valued at US$ 36.82 Bn in 2014 and is anticipated to reach US$ 91.53 Bn by 2025, expanding at a CAGR of 8.7% throughout the forecast period.

The global automobile industry registered an annual growth rate of over 5.5% from 2010 to 2015, and is estimated to be valued at US$ 5.1 trillion by end of 2015. Consistent growth in the parent industry is expected to fuel demand for automotive wiring harness in the near future.

Currently, increasing fuel costs and stringent government regulations regarding CO2 emissions are boosting demand for electric vehicles in regions such as North America, Western Europe, Eastern Europe and Asia Pacific.

Governments across various geographies have mandated use of certain electronic safety features such as Anti-Lock Braking System (ABS), Electronic Stability Program (ESP) and other features in both passenger and commercial vehicles. Furthermore, rise in demand for high-end electronics and safety features in vehicles, particularly passenger cars, along with cost reduction and enhanced reliability is leading to increase in global demand for automotive wiring harnesses.

Use of automotive Ethernet by automotive OEMs represents a new trend in the external as well as internal electronics devices connectivity in an automobile. These automotive Ethernets minimise the use of complex wiring harness structures to a great extent and, thereby, may act as a restraint for growth of the global automotive wiring harness market in the coming years.

Rise in technological developments is expected to create favourable growth opportunities in the market in the near future. Growing demand for connectivity and car digitisation, which not only helps establish connectivity within the integral parts of a vehicle but also enables communication with other vehicles through improved and intelligent roadway infrastructure, is an emerging trend in the market.

Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/askus/rep-gb-37

Region-wise, APEJ (Asia Pacific Excluding Japan) dominated the global automotive wiring harness market in 2014, accounting for 38.3% value share of the overall market. Furthermore, APEJ is foreseen to expand at a relatively high CAGR of 10.4% during the forecast period and is expected to maintain its revenue share dominance till 2025 end. Risein automotive production and sustained economic growth are some of the factors driving the APEJ automotive wiring harness market currently.

North America and Western Europe are expected to register high Y-o-Y growth during the forecast period, owing to increasing demand for e-vehicles and e-bikes in these regions. Growth of the connected car market has resulted in risein demand for multiple electronic devices in vehicles in North America and Western Europe.

Japan is currently witnessing moderate growth in demand for e-bikes, and the trend is expected to continue during the forecast period as well. The Japan automotive wiring harness market is expected to register a sluggish CAGR of 4.0% during the forecast period, due to the matured automotive industry in the country.

On the basis of vehicle type, the passenger vehicles segment dominated the global automotive wiring harness market in 2014 in terms of revenue, and is foreseen to expand at a CAGR of 8.6% during the forecast period. In terms of revenue, the hybrid vehicles and electric vehicles segments are expected to register significant CAGR between 2015 and 2025, in view of the stringent government regulations and growing fuel prices globally.

On the basis of application type, the chassis & safety segment dominated the global automotive wiring harness market in 2014 in terms of revenue, accounting for 40.8% share of the overall market. This segment is expected to lose its market share to the HVAC segment, which is projected to expand at a significant CAGR of 10.1% during the forecast period. Furthermore, HVAC manufacturers are designing new eco-friendly devices in order to follow the environment standards along with introducing new innovating designs.

To Get Sample Copy of Report please visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-37

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

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 to Reach US$ 91.53 Bn By 2025 here

News-ID: 1128905 • Views: 191

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for CAGR

Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small