Demand for Automotive Wire Harness to Expand at a CAGR of Over 4% Through 2030 | Yazaki Corp., Aptiv Plc, LEONI AG, DRÄXLMAIER Group, Fujikura Ltd.

The mushrooming deployment of electric vehicles (EVs) is one of the major factors responsible for the growing demand for automotive wire harnesses across the world. With increasing air pollution levels, the popularity of environment-friendly modes of transportation such as electric vehicles is surging sharply. This is subsequently augmenting the sales of electric vehicles, especially battery electric vehicles (BEVs) in the U.S., Germany, Japan, and China, which is, in turn, pushing up the demand for automotive wire harnesses.

Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/automotive-wiring-harness-market/report-sample

Electric vehicles comprise a large number of wire harnesses as they are equipped with a greater number of electronic components and electrical units than the conventionally used ICE-powered vehicles. Besides electricity transmission, these wires are also used for transmitting high volumes of data. Apart from the growing deployment of electric vehicles, the adoption of advanced features in fossil fuel-powered vehicles, particularly passenger cars, is also positively impacting the demand for automotive wire harnesses across the world.

Advanced driver assistance systems (ADAS) such as speed sensors, light detection and ranging (LiDAR), and radar sensors, connectivity features, autonomous driving systems, and several types of smart features and systems are increasingly being integrated in ICE-powered vehicles, on account of their ability to considerably improve passenger experience and enhance vehicular safety. This is massively pushing up the requirement for wire harnessing in vehicles. Due to these factors, the global automotive wire harness market is recording huge growth.

Globally, the sales of automotive wire harnesses will explode in Asia-Pacific (APAC) in the coming years. This will be because of the soaring manufacturing of electric vehicles (EVs) and the expanding customer base of ICE-powered automobiles in the region. Moreover, the growing requirement for commercial and passenger vehicles in the regional countries such as South Korea, Japan, India, and China is augmenting the automobile manufacturing volume, which is, in turn, propelling the advancement of the market in the region.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=automotive-wiring-harness-market

Hence, it can be said with full confidence that the demand for automotive wire harnesses will shoot up all over the world in the forthcoming years, mainly because of the soaring deployment of electric vehicles in many countries.

The research offers market size of the Global Automotive Wire Harness Market for the period 2014–2030.
Market size breakdown by vehicle type
• Passenger car
• Commercial
Market size breakdown by voltage
• Low voltage
• High voltage
Market size breakdown by propulsion
• ICE
• EV
Market size breakdown by material type
• Copper
• Aluminum
Market size breakdown by application
• Chassis
• Engine
• Body
• HVAC
• Speed Sensors
• Others
Market size breakdown by region
• North America automotive wire harness market
o By vehicle type
o By propulsion
o By application
o By voltage
o By material type
o By country – U.S. and Canada
• Europe automotive wire harness market
o By vehicle type
o By propulsion
o By application
o By Voltage
o By material type
o By country – Germany, France, U.K., Italy, Czech Republic, Russia, Spain, and Rest of Europe
• Asia-Pacific (APAC) automotive wire harness market
o By vehicle type
o By propulsion
o By application
o By voltage
o By material type
o By country – China, Japan, India, South Korea, Thailand, and Rest of APAC
• Latin America, Middle East, and Africa (LAMEA) automotive wire harness market
o By vehicle type
o By propulsion
o By application
o By voltage
o By material type
o By country – Mexico, Brazil, South Africa, Iran, Argentina, and Rest of LAMEA

This study covers
1. Historical and the present size of the Automotive Wire Harness Market
2. Future potential of the market through its forecast for the period 2020– 2030
3. Historical and the present size of the market segments and understand their comparative future potential
4. Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
5. Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
6. Major players operating in the market and their service offerings

Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow us on LinkedIn: https://www.linkedin.com/company/pnsintelligence/

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.