Press release
Automotive Wiring Harness market is projected to reach $109.67 Billion by 2030 : Cognitive Market Research
Automotive Wiring Harness market is projected to reach $109.67 Billion by 2030 : Cognitive Market Research
• Introduction of Automotive Wiring Harness
An Automotive Wiring Harness, also known as a wire harness or cable harness, is a bundle of wires or cables that transmit signals or power to various components in an automotive system. It is an organized set of wires, terminals, and connectors that are bundled together to form a wiring assembly.
The wiring harness is used in various automotive applications, such as in engine control systems, transmission systems, lighting systems, dashboard controls, and entertainment systems. The harness connects various electrical components in the vehicle and enables communication between them.
Summary:
• The Global Automotive Wiring Harness market size will be $109.67 Billion by 2030, whereas its compound annual growth rate with be 5.2% from 2023 to 2030.
"To know more about The Automotive Wiring Harness Market statistics click here: https://www.cognitivemarketresearch.com/automotive-wiring-harness-market-report
Market Dynamics:
• Factors Impacting on Automotive Wiring Harness Market
The increasing integration of electronic components in automobiles is supporting the growth of the Automotive Wiring Harness Market. In addition to this, the growing popularity of electric and hybrid vehicles is driving the demand for wiring harnesses that are specifically designed for these vehicles. These harnesses need to be lightweight, flexible, and able to handle high voltage and current levels. Thus, this factor is anticipated to increase the growth of the market.
Moreover, the increasing implementation of advanced driver assistance systems (ADAS) in vehicles is driving the demand for wiring harnesses that can support the complex electrical and communication requirements of these systems. Furthermore, the global demand for vehicles is increasing, which is leading to a rise in vehicle production. This, in turn, is driving the demand for automotive wiring harnesses.
Market Segmentation:
Component
• Connectors
• Terminals
• Electric Wires
• Others
Based on components, the terminals segment held a significant share of the Automotive Wiring Harness Market owing to increasing technological advancements in the automotive industry and the development of new features in terminals to facilitate effective and robust wiring connections between two or more wires.
Application
• Body
• Engine
• Chassis
• HVAC
• Sensors
Based on the Application, the Chassis segment held the major share in the year 2022. The chassis harness system provides a fast and appropriate method for categorizing electrical harness-related issues at the time of installation on the vehicle.
Transmission Type
• Data
• Electrical
Electric Vehicle
• Plug-in Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
Vehicle Type
• Light Vehicles
• Heavy Vehicles
The Major Players in Automotive Wiring Harness Market are:
Sumitomo, Yazaki Corporation, Delphi, Leoni, Lear, Yura, Fujikura, Furukawa Electric, PKC, Nexans Autoelectric, DRAXLMAIER, Kromberg&Schubert, THB, Coroplast, Coficab
Get free sample pages of the latest published Automotive Wiring Harness market Report:
https://www.cognitivemarketresearch.com/automotive-wiring-harness-market-report/report_enquiry?id=4
News:
• Lear acquired M&N Plastics, a leader in specialized electrical distribution components
In March 2021, Lear Corporation has acquired M&N Plastics, which specializes in injection molding and manufactures engineered plastic components for automotive electrical distribution applications. The acquisition of M&N Plastics increases its vertical integration competencies to design and produce complex parts for electrical distribution, including high-voltage wire harnesses and power electronics.
Regional Analysis:
• Asia Pacific Automotive Wiring Harness Market dominates the overall market
Asia Pacific accounted for the major share of the Automotive Wiring Harness Market in the year 2022. This growth is attributed to the increasing production of vehicles in countries such as China, India, Japan, and the rest of Asia-Pacific. Moreover, increasing innovation by players and the adoption of lightweight materials for wiring harnesses are some of the supporting factors for the growth of the market.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Automotive Wiring Harness Market
Chapter 4 Global Automotive Wiring Harness Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Automotive Wiring Harness Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Automotive Wiring Harness Industry Mergers and Acquisition Analysis
• 5.3 Global Automotive Wiring Harness New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Automotive Wiring Harness Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Automotive Wiring Harness Market by Component Segmentation Analysis (2018-2030)
Chapter 10 Global Automotive Wiring Harness Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Automotive Wiring Harness Market by Transmission Type Segmentation Analysis (2018-2030)
Chapter 12 Global Automotive Wiring Harness Market by Vehicle Type Segmentation Analysis (2018-2030)
Chapter 13 Global Automotive Wiring Harness Market Regional Analysis
Chapter 14 North America Automotive Wiring Harness Market Outlook (2018 - 2030)
Chapter 15 Europe Automotive Wiring Harness Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Automotive Wiring Harness Market Outlook (2018 - 2030)
Chapter 17 Latin America Automotive Wiring Harness Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Automotive Wiring Harness Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Automotive Wiring Harness Market TOC click here: https://www.cognitivemarketresearch.com/automotive-wiring-harness-market-report#table_of_contents
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• Automotive Axle Market - https://www.cognitivemarketresearch.com/automotive-axle-market-report
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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