openPR Logo
Press release

Automotive Secondary Wiring Harness Market 2018-2023 Global Prominent Key Players: Nexans, Samvardhana Motherson Group, Leoni AG, THB Group and Spark Minda, Ashok Minda Group

08-27-2018 04:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Automotive Secondary Wiring Harness Market 2018

Automotive Secondary Wiring Harness Market 2018

Automotive Secondary Wiring Harness Market 2018

Automotive Secondary Wiring Harness Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Automotive Secondary Wiring Harness Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023

Global Automotive Secondary Wiring Harness Market Report Information by Application (Cabin, Door Harness, Engine, Electronic Parking Brakes, Airbag Harness, and Electronic Gear Shift System), by Vehicle Type (ICE and EV), by Region- Forecast till 2023

Get Sample Report of Automotive Secondary Wiring Harness Market@ https://www.marketresearchfuture.com/sample_request/6091

Market Scenario:

A wiring harness is a structured set of wires, terminals and connectors, which run throughout the vehicle and relay information and electric power. Technologies such as advanced infotainment system and safety and security system have augmented the instances of assembling secondary wiring harnesses in a vehicle.

Several factors aid the growth of the global automotive secondary wiring harness market, the primary being an increase in electric vehicle production to trigger the demand. In recent years, the sales of electric vehicle sales in North America have increased significantly. Thus, with many of these vehicles being assembled in U.S., federal and state incentives also play a major role in boosting EV sales, making EVs more affordable. For instance, in May 2017, the U.S. Department of Energy estimated that refueling the average EV cost the equivalent of gasoline priced at only USD 1.17 per gallon, roughly half the price of gasoline. According to IEA, China was by far the largest electric car market, accounting for more than 40% of global sales of electric cars and more than double the amount sold in U.S in 2016.

Of late, the demand for electric vehicle products is rising rapidly. These products have a wide voltage range (from low voltage to high voltage) and require a special set of wires for operation. Across the globe, the manufacturers of wiring harness systems are focusing on the development of secondary wiring harness systems to support high technology systems such as infotainment systems, lighting systems, electronic brakes, and connectivity technology. Secondly, growing complexities of on-board electronics is also expected to foster the growth of the market. With increased emphasis on safety of passengers, comfort, and the rising incidences of vehicle customization there is a rising need for automotive wiring harness. However, the high cost of wiring harness is hindering the growth of the global automotive wiring harness market. Despite the increase in the price of wires and cables, manufacturers need to upgrade their wiring systems due to the increased competition. Automotive wiring harness for electric and hybrid vehicles has a higher cost as these vehicles require comparatively high voltage wiring harness assembly. The global automotive secondary wiring harness market is expected to expand with a CAGR of approx. 11% (2018 to 2023).

Automotive Secondary Wiring Harness Market by Segmentation:

On the basis of application, the market is segmented as cabin, door harness, engine, electronic parking brakes, airbag harness, and electronic gear shift system. In 2016, the cabin harness segment has accounted for the highest share by application type in the global automotive secondary wiring harness market.

Based on regions, the automotive secondary wiring harness market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to lead the market demand in the automotive secondary wiring harness. The large population in this region coupled with a rising middle class causes the automotive sales in this region to rise continuously. As a result, boosting the demand for automotive secondary wiring harness market.

In Europe, Germany is estimated to dominate the market during the forecast period. The country is considered one of the technology hubs of automotive industry, globally, coupled with presence of established players in the region.

The Key Players in Automotive Secondary Wiring Harness Market Are:

Sumitomo Electric Industries, Ltd. (Japan), Lear Corporation. (US), Aptiv PLC (UK), Yazaki Corporation. (Japan), and Furukawa Electric Co., Ltd. (Japan), Nexans (France), Samvardhana Motherson Group. (India), Leoni AG (Germany), THB Group. (China) and Spark Minda, Ashok Minda Group (India) are amongst the other important players in this market.

The report for Global Automotive Secondary Wiring Harness Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

Get Full Report Details of Automotive Secondary Wiring Harness Market@ https://www.marketresearchfuture.com/reports/automotive-secondary-wiring-harness-market-6091

Continued…….

About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.

Address:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
sales@marketresearchfuture.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 Secondary Wiring Harness Market 2018-2023 Global Prominent Key Players: Nexans, Samvardhana Motherson Group, Leoni AG, THB Group and Spark Minda, Ashok Minda Group here

News-ID: 1204088 • Views:

More Releases from Market Research Future

9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through 2035
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years. Market Overview and Size The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends. Get Sample @ https://www.marketresearchfuture.com/sample_request/41217 Market Size and Growth The global washable
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR by 2032
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview: The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical

All 5 Releases


More Releases for Harness

Wire Harness Get Complimentary PDF Guide
Comprehensive PDF Guide to Wire Harness The automotive industry's rapid shift toward advanced technologies is significantly driving the growth of the global wire harness market. To remain competitive and meet evolving consumer expectations, automobile manufacturers are continuously integrating innovative features into new vehicle models. Key technological advancements such as adaptive cruise control, automatic high beam adjustment, self-driving capabilities, and hands-free liftgates are becoming increasingly standard in both premium and mid-range segments.
Automotive Wiring Harness - Complete PDF Guide
A wiring harness is an electrical wiring system in the vehicle. The major applications of the wiring harness include chassis structure, brakes, and fuel lines. An extensive network of wiring is formed in the car using a wide range of electrical systems. Automotive wiring harness is the electrical distribution system in the vehicle. A wiring harness is a set of terminals, wires, and connectors that run into the entire vehicle.
The Complete Guide to Wire Harness
The wire harness market is projected to reach US$ 150.70 billion by 2030 from US$ 94,19 billion in 2023. It is expected to register a CAGR of 6.9% during 2023-2030. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 ➜ https://www.premiummarketinsights.com/sample/TIP00073593?utm_source=Openpr&utm_medium=10694 In automobiles, wire harnesses weigh around 100-150 lbs depending on the size and vehicle model. Heavier the wire, higher the weight of equipment. In industries such as aerospace, weight is matter of concern. Due to
Pawformance Gear unveils one harness: The ultimate versatile dog harness for eve …
Image: https://www.getnews.info/wp-content/uploads/2024/06/1717830743.png Introducing the One Harness by Pawformance Gear, an adaptable dog harness designed to seamlessly transition between different outdoor activities, providing both comfort and security for every adventure with your canine companion. Pawformance Gear is excited to announce the launch of its latest product, the One Harness, an all-in-one dog harness designed to simplify and enhance every adventure you and your furry friend undertake. From neighborhood strolls to rugged hikes,
Pet Harness Mart Launches New Website
Pet Harness Mart announced the launch of its redesigned website pethm.com. Pet Harness Mart prime goal is to create a shop in which customer can easily find perfect pet harness that they need. We are proud to launch the new Tracker Products website. With the new website, visitors can easily find perfect pet harness that they need, said Pet Harness Mart Team. Pet Harness Mart gives new online shoppers fashionable and well-designed
Railway Wiring Harness Market Value Projected to Expand by 2018 to 2028(Railway …
Railway Wiring Harness Market: Overview Railway wiring harness is a complete electrical wiring system that caters to proper transmission of the signals and manages the flow of electrical power. Wiring harness was commonly used in railway manufacturing, automotives and in construction machineries. The railway wiring harness has an added advantage of binding many wires into a harness to avoid the possibility of a short circuit. The railway projects requires a lot