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Automotive Wiring Harness Market Outlook, Vehicle Type, Product, Geography, Growth and Demand Forecast to 2023
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The Asia-Pacific market is growing with the highest rate, due to the growing consumer preference for safety features and high-end electronics in the heavy and light vehicles in the countries, such as India and China. The automotive wiring harness market in some countries of North America and Europe is saturated, as safety equipment and high-end electronics are already installed in most of the vehicles in these regions. Whereas, Canada and Mexico are still untapped markets, due to the commissioning of new vehicle assembly plants and increasing vehicle production capacity in the countries.
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Volkswagen and General Motors are supporting the growth of the Automotive Wiring Harness market.
The global market of automotive wiring harness is also growing due to the increasing need of protection against abrasions and vibrations, compact wiring, and simplicity of operation in managing different electronic devices.
Global Automotive Wiring Harness Market Segmentation
By Vehicle Type
Electric Vehicle
Passenger Vehicle
Hybrid Vehicle
Commercial Vehicle
By Product
Chassis Wiring Harness
Speed Sensors Wiring Harness
Engine Wiring Harness
Body Wiring Harness
Others
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Some of the competitors in the market are Lear Corporation, Furukawa Electric Co. Ltd., Samvardhana Motherson Group, Nexans Autoelectric GmbH, Sumitomo Electric Industries Ltd., YAZAKI Corporation, THB Group Ltd., and Delphi Automotive LLP.
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