openPR Logo
Press release

Automotive Wiring Harness Market Trends, Current and Future Analysis by 2027

The report "Automotive Wiring Harness Market by Application (Engine, Chassis, Cabin, Body & Lighting, HVAC, Battery, Seat, Sunroof, Door), Transmission Type (Data, Electrical), Date Rate, ICE & Electric Vehicle, Component, Material, & Region - Global Forecast to 2026" The global automotive wiring harness market is projected to grow from USD 47.0 billion in 2021 to USD 57.4 billion by 2026, at a CAGR of 4.1% during the forecast period. The demand for electric and autonomous vehicles would create growth opportunities for the automotive wiring harness market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170344950

Chassis harness segment is expected to be the largest segment during the forecast period

The chassis harness segment is estimated to lead the market, in terms of value, during the forecast period due to higher demand for automotive wiring harnesses in chassis applications such as frame, air brake pump, suspension systems, and others. Increased demand has encouraged the manufacturers of automotive wiring harness and other component manufacturers to offer technologically advanced chassis harness that helps in short distance and less in weight. Growing demand for premium vehicles and integration of advanced technologies in vehicles are expected to increase the demand for automotive wiring harnesses.

The metallic segment by material type is expected to hold the largest market share in 2021

The metallic segment holds the largest share in the automotive wiring harness market. OEMs mostly use copper for manufacturing automotive wiring harnesses due to high conductivity, limited corrosion, high tensile strength, and high data transfer. Despite fluctuations in the prices of copper, which have impacted the profit margins of wiring harness manufacturers in the recent past, metallic materials are still expected to hold a 92% share in the automotive wiring harness market by 2026.

Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=170344950

Asia Pacific is estimated to be the dominant regional market

China is major contributor to the overall automotive wiring harness sales (approximately 60%) in the Asia Pacific region in 2021.

China is considered the manufacturing hub for the automotive industry. According to the MarketsandMarkets, China and India together produce approximately 25 million vehicles every year. With an increase in production of vehicles, the demand for automotive wiring harnesses is expected to increase. This, in turn, is expected to drive the growth of the automotive wiring harness market in the Asia Pacific region. China is estimated to dominate the Asia Pacific automotive wiring harness market during the forecast period. China is the world's largest vehicle manufacturer. Thus, the market for automotive wiring harnesses in China is estimated to grow at a high rate. OEMs based in China are focusing on the adoption of lightweight materials for wiring harnesses. Thus, wiring harness manufacturers are increasingly using materials such as aluminum. Currently, there is limited penetration of aluminum in wiring harnesses.

Key Market Players:

Yazaki Corporation (Japan), Sumitomo Electric Industries (Japan), Aptiv PLC (Ireland), Furukawa Electric (Japan), and Leoni AG (Germany) are the prominent players in the automotive wiring harness market. These companies adopted new product development, and acquisition to gain traction in the automotive wiring harness market.

View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/automotive-wiring-harness-market-170344950.html

Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: newsletter@marketsandmarkets.com
Phone: 18886006441
Address: 630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States

One stop solution for all Market Research & Consulting needs.

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 Trends, Current and Future Analysis by 2027 here

News-ID: 2616491 • Views: 203

More Releases from MarketsandMarkets™ INC.

Hub Motor Market likle to HIT $10.82 billion by 2025
The report "Hub Motor Market by Installation (Front & Rear), Vehicle (E-Bikes, E-Scooters/Mopeds, and E-Motorcycles), Motor (Geared and Gearless), Sales Channel (OE and Aftermarket), Power Output (Below 1000 W, 1000-3000 W, and Above 3000 W), and Region - Global Forecast to 2025" Global hub motor market is projected to grow at a CAGR of 5.01% from USD 7.69 billion in 2018 to reach USD 10.82 billion by 2025 The major
Automotive Ambient Lighting Market Outlook 2022: Size, Share, Trends and Forecas …
The automotive ambient lighting market size is projected to reach USD 6.2 billion by 2027 from an estimated USD 3.8 billion in 2022, at a CAGR of 10.6% from 2022 to 2027. The automotive ambient lighting market is mainly driven by increasing demand for premium vehicles, and increasing adoption of LED-based lighting in C&D segment cars owing to consumer inclination towards more personalized and distinct features in their cars. Further,
Mobility as a Service Market Outlook to 2022 : High Growth Opportunities by 2030
The mobility as a service market size is projected to reach USD 40.1 billion by 2030 from an estimated USD 3.3 billion in 2021, at a CAGR of 32.1% from 2021 to 2030. The growth of this market is influenced by factors such as increasing smart city initiatives, growing adoption of on-demand mobility services, the need to reduce CO2 emissions, improved 4G/5G infrastructure, and the penetration of smartphones. Therefore, the
EV Battery Market Outlook to 2022: High Growth Opportunities by 2025
The global EV battery market is projected to grow at a CAGR of 25.3% from USD 27.3 billion in 2021 to USD 67.2 billion by 2025. Increasing demand of electric vehicles, improvement in battery technology, supporting government policies and regulations, and launch of new plug-in EV models are factors responsible to drive the EV battery market. Today, with the increasing concerns raised over the environmental impact of conventional vehicles, governments around

All 5 Releases


More Releases for China

China Attestation
China is a growing Asian country and day by day many people migrate into the country for pursuing their personal needs. But going into China is not an easy task, we have to face some legal steps ahead. Let us define all this legal action in a single word China attestation. China government placed its embassies all over the world for ensuring the trustworthiness of the immigrant’s certificate. There
Energy Drinks in China
ReportsWorldwide has announced the addition of a new report title Energy Drinks in China to its growing collection of premium market research reports. Energy Drinks in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Land Right in China
ReportsWorldwide has announced the addition of a new report title Land Right in China to its growing collection of premium market research reports. Land circulation is a very important policy in China, playing a positive role in promoting the development of modern agriculture. And it will be possible for China to transform from household contract and planting by scattered small farmers in the past to large-scale plant, which has a significant
Global Color Steel Tile Market 2017 - South China, East China, Southwest China, …
Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Color Steel Tile Market 2017’. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basis
Telecom Cloud Billing Services Explore In Regions (South China, East China, Sout …
Big Market Research has added a report, titled, “China Telecom Cloud Billing Services Market Size, Status and Forecast 2022.” The report offers an extensive information and analysis of sales, production, revenue, key manufacturers, drivers & opportunities, and competitive scenario. Moreover, current industry trends and growth prospects are explored along with thorough analysis of each segment for the historic period, 2012–2017 and the forecast period, 2017–2022. The research also offers insights
China Blossom Restaurant & Lounge
China Blossom Restaurant & Lounge Debuts in 2011/2012 Zagat (Greater Boston, MA) – Each year the Zagat Survey shares the opinions of thousands of avid consumers, with real experiences, giving people the power to make smart dining decisions. This year, China Blossom Restaurant & Lounge, located in North Andover, MA, made its debut in the newly-released 2011/2012 Zagat Survey. Released on Wednesday, April 27th, 2011, the famed Zagat survey chronicles