Press release
Global Automotive Secondary Wiring Harness Market Size Will Hit USD 29.11 Billion By 2025
Global Automotive Secondary Wiring Harness Market
Automotive Secondary Wiring Harness is an assemblage of wires & cables used in the amalgamation of myriad electronic parts within any automotive. This system facilitates power transmission to various components & modules in a vehicle. Moreover, the automotive secondary wiring harness supports secured, condensed, and user-friendly operating of the electronic equipment in the vehicle. Additionally, technological breakthroughs witnessed in myriad vehicle components are likely to steer the demand for automotive secondary wiring harnesses.
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Furthermore, the launching of electric vehicles is likely to generate new growth avenues for the automotive secondary wiring harness producers over the forecast timeline.
Escalating demand for high-end electronics & safety features in automotive to drive the market growth
The growth of the automotive secondary wiring harness industry during the forecast timeline is due to the enormous requirement for high-end secured features in vehicles. In addition to this, introduction of strict laws by the government for controlling emissions from the vehicles is likely to steer the market expansion over the forecast period. Additionally, lucrative demand for electric vehicles will culminate in high business growth during the forecast period.
Furthermore, a rise in the need of comfort in vehicles and demand for safety accessories will prompt the expansion of automotive secondary wiring harness market over the forecast period. Nonetheless, acceptance of new wireless systems in the vehicle sector will decimate the market growth during the forecast timespan. However, massive trend among the vehicle manufacturers to introduce secured features like anti-lock braking system, electronic braking systems, and electronic stability programs will create new growth avenues for the market during the period from 2019 to 2025.
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Passenger car to lead the vehicle type segment over the forecast period
The growth of the passenger car segment during the forecast period is owing to the large-scale use of electronic safety features like anti-lock braking systems, electronic stability programs, and electronic braking systems. Apart from this, high passenger car production across the globe will further drive the segmental growth over the forecast period.
Browse the full “Automotive Secondary Wiring Harness Market By Vehicle Type (Passenger Car, Heavy Commercial Vehicle, and Light Commercial Vehicle), By Electric Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles, and Plug-in Hybrid Electric Vehicles), and By Application (Engine, Electronic Parking Brakes, Cabin, Electronic Gear Shift System, Body, and Chassis): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025” Report at http://bit.ly/2FKvZQ2
Cabin segment to dominate the application landscape by 2025
The segmental growth during the period from 2019 to 2025 is credited to the huge demand for cabins due to its possessing of infotainment, seat harness, lightning, and steering wheel harness systems.
Asia Pacific to contribute majorly towards the overall market growth by 2025
The regional market surge during the forecast timeline is credited to the rise in the number of vehicles, surge in the number of electric vehicle owners, and presence of huge manufacturing base.
Some of the key players in the market include Nexans, Cypress Holdings, Inc., Lear Corporation, Viney Corporation Limited, Fujikura Ltd., Spark Minda, Ashok Minda Group, YURA CORPORATION, YAZAKI Corporation, Federal-Mogul LLC, Samvardhana Motherson Group, Sumitomo Electric Industries, Ltd., Rajashree International, Delphi Technologies, Leoni AG, THB Group, and Furukawa Electric Co., Ltd.
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This report segments the Automotive Secondary Wiring Harness market as follows:
Global Automotive Secondary Wiring Harness Market: By Vehicle Type Segment Analysis
Passenger Car
Heavy Commercial Vehicle
Light Commercial Vehicle
Global Automotive Secondary Wiring Harness Market: By Electric Vehicle Type Segment Analysis
Battery Electric Vehicles
Hybrid Electric Vehicles
Plug-in Hybrid Electric Vehicles
Global Automotive Secondary Wiring Harness Market: By Application Segment Analysis
Engine
Electronic Parking Brakes
Cabin
Electronic Gear Shift System
Body
Chassis
Global Automotive Secondary Wiring Harness Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
Key Pointers Addressed by the Report
Historical data and forecast analysis of the market
Drivers and Restraints affecting market dynamics
Exhaustive analysis about the future market trends
Comprehensive information about the leading market segments and region
Strategic developments made by the competitive players and in-depth analysis about its impact on market growth
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