Press release
Automotive Wiring Harness Market Rapid Revenue Expansion Forecast by Acumen Research
● The global automotive wiring harness market size is projected to expand to USD 76.1 billion by 2030, growing at a CAGR of 5.5% from 2022 to 2030.
● The Asia-Pacific region generated over 51% of the market shares in 2021.
● Europe is expected to record a substantial CAGR of over 6% from 2022 to 2030.
● Based on material, copper accounted for around 68% of the overall market share in 2021.
● The terminals component generated shares of over 38% in 2021.
Download Sample Report Copy of This Report from Here: https://www.acumenresearchandconsulting.com/request-sample/1151
Automotive Wiring Harness Market Overview and Analysis:
The market is driven by the growth in electric vehicles globally, favorable government support, surging electrification of vehicles, and the adoption of vehicles with advanced features. However, the complexity and high maintenance cost associated with automotive wire harnessing pose challenges.
Latest Automotive Wiring Harness Market Trends and Innovations
The automotive wiring harness market is witnessing a surge in demand for autonomous vehicles and a trend towards lightweight harnesses. Recycling of automotive wiring harness materials is also a popular trend fueling industry demand.
● Autonomous Vehicles: The growing demand for autonomous vehicles is a major trend driving growth in the automotive wiring harness market. Autonomous vehicles require a complex network of wiring harnesses to connect the various sensors, actuators, and electronic control units (ECUs) that enable the vehicle to operate autonomously. As the level of autonomy in vehicles increases, the complexity of the wiring harnesses required will also increase.
● Lightweight Harnesses: Another trend driving growth in the automotive wiring harness market is the demand for lightweight harnesses. Lightweight harnesses are used to reduce the weight of vehicles, which can improve fuel efficiency and performance. Lightweight harnesses are typically made from materials such as aluminum and carbon fiber, which are lighter than traditional copper wiring.
● Recycling of Automotive Wiring Harness Materials: The recycling of automotive wiring harness materials is also a popular trend fueling industry demand. The recycling of automotive wiring harness materials helps to reduce the environmental impact of the automotive industry and also provides a source of raw materials for the production of new wiring harnesses.
Major Growth Drivers of the Automotive Wiring Harness Market
The growth of the automotive wiring harness market is primarily driven by the increasing integration of electronic devices in vehicles. Electronic devices such as sensors, actuators, and ECUs are becoming increasingly common in vehicles, and they require a complex network of wiring harnesses to connect them. The rising acceptance of electric vehicles (EVs) is also a major growth driver for the automotive wiring harness market. EVs require a complex network of wiring harnesses to connect the battery, motor, and other components. The expanding consumer disposable income levels, especially in developing countries, is also a major growth driver for the automotive wiring harness market.
Key Challenges Facing the Automotive Wiring Harness Industry
The automotive wiring harness industry faces a number of challenges, including the complexity of installation, high maintenance costs, and the need for continuous innovation to keep up with evolving vehicle technologies.
● Complexity of Installation: Automotive wiring harnesses are complex systems that can be difficult to install. The complexity of installation can lead to errors, which can result in safety hazards and costly repairs.
● High Maintenance Costs: Automotive wiring harnesses can be expensive to maintain. The high maintenance costs are due to the complexity of the wiring harnesses and the need to replace damaged or worn wires.
● Need for Continuous Innovation: The automotive wiring harness industry is constantly evolving to keep up with the latest vehicle technologies. The need for continuous innovation can be a challenge for automotive wiring harness manufacturers, who must constantly invest in new technologies and processes.
Market Segmentation Insights:
● By Material:
○ Copper
○ Aluminum
○ Others
● By Component:
○ Electric Wires
○ Connectors
○ Terminals
○ Others
● By Electric Vehicle:
○ Battery Electric Vehicle (BEV)
○ Plug-in Hybrid Electric Vehicle (PHEV)
● By Vehicle Type:
○ Light Vehicle
○ Heavy Vehicle
● By Application:
○ Body
○ Chassis
○ Engine
○ HVAC
○ Sensors
○ Cameras
○ Safety
Overview by Region of the Automotive Wiring Harness Market:
Asia-Pacific dominates the market, attributed to the growing automotive sector and increasing disposable income. Europe is also a key market, driven by the growing adoption of electric vehicles and advancements in drive technologies.
Automotive Wiring Harness Market Table of Content:
CHAPTER 1. Industry Overview of Automotive Wiring Harness Market
CHAPTER 2. Research Approach
CHAPTER 3. Market Dynamics And Competition Analysis
CHAPTER 4. Manufacturing Plant Analysis
CHAPTER 5. Automotive Wiring Harness Market By Material
CHAPTER 6. Automotive Wiring Harness Market By Component
CHAPTER 7. Automotive Wiring Harness Market By Electric Vehicle
CHAPTER 8. Automotive Wiring Harness Market By Vehicle Type
CHAPTER 9. Automotive Wiring Harness Market By Application
CHAPTER 10. North America Automotive Wiring Harness Market By Country
CHAPTER 11. Europe Automotive Wiring Harness Market By Country
CHAPTER 12. Asia Pacific Automotive Wiring Harness Market By Country
CHAPTER 13. Latin America Automotive Wiring Harness Market By Country
CHAPTER 14. Middle East & Africa Automotive Wiring Harness Market By Country
CHAPTER 15. Player Analysis Of Automotive Wiring Harness Market
CHAPTER 16. Company Profile
Key Players
Robert Furukawa Electric Co., Ltd., Aptiva PLC, Samvardhana Motherson Group, YURA Tech Corporation, Nexans, Lear Corporation, Sumitomo Electric Industries, Ltd., Leoni AG, and Yazidi Corporation.
Ask Query Here: Richard@acumenresearchandconsulting.com or sales@acumenresearchandconsulting.com
To Purchase this Premium Report@ https://www.acumenresearchandconsulting.com/buy-now/0/1151
201, Vaidehi-Saaket, Baner - Pashan Link Rd, Pashan, Pune, Maharashtra 411021
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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 Rapid Revenue Expansion Forecast by Acumen Research here
News-ID: 3492084 • Views: …
More Releases from Acumen Research and Consulting
Compact High Pressure Laminates Market to Reach USD 9.6 Billion by 2032, Driven …
The Compact High Pressure Laminates Market is gaining remarkable momentum as industries across construction, interior design, healthcare, and commercial applications increasingly adopt durable, stylish, and sustainable surfacing solutions. Valued at USD 5.9 Billion in 2023, the market is projected to reach USD 9.6 Billion by 2032, reflecting a steady compound annual growth rate (CAGR) of 5.6%.
Get Free PDF Sample Pages of This Report: https://www.acumenresearchandconsulting.com/request-sample/3646
Compact High Pressure Laminates, or Compact HPL,…
Culture Media Market Set to Surge Beyond USD 17.32 Billion by 2032, Driven by Ad …
Culture Media Market Poised for Robust Expansion Amid Biotechnology Boom
The Culture Media Market has emerged as a cornerstone of modern life sciences, enabling researchers and manufacturers to cultivate, identify, and preserve microorganisms and cells for critical applications. From drug discovery to diagnostic testing, culture media plays an indispensable role in advancing human health and biotechnology.
According to Acumen Research and Consulting, the global Culture Media Market size was valued at USD…
Green Energy Market Size to Hit USD 2.41 Trillion by 2032 | Key Trends, Share & …
The global Green Energy Market is experiencing unprecedented momentum. According to Acumen Research & Consulting, the market reached USD 1.15 trillion in 2023 and is forecast to grow at a CAGR of 8.7% from 2024 to 2032, reaching approximately USD 2.41 trillion by 2032. This Green Energy Market Analysis highlights the sweeping scale of investment and innovation driving the sector forward.
Green Energy Market Size & Growth Snapshot
• 2023 market size: USD…
Pipeline Safety Market: Ensuring Integrity in Energy Transportation
The global pipeline safety market is a critical component of energy infrastructure, ensuring the safe transportation of oil, gas, and other hazardous materials over vast distances. With rising demand for energy and increasing regulatory scrutiny, pipeline safety has become paramount in maintaining the integrity of these vital systems. This report delves into the factors driving the market, current trends, and future projections for this rapidly evolving industry.
Pipeline Safety Market Overview…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
