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India Automotive Wiring Harness Market Understanding the Needs and Trends in the Industry 2032

10-22-2024 06:51 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

India Automotive Wiring Harness Market

India Automotive Wiring Harness Market

Automotive wiring harness is an electrical assembly of various components in a vehicle that transmits power and information to a single system. It plays an important role in transmitting information about the operation of the vehicle, sending & receiving sensor signals, and supplying power. The components that are assembled include speed sensors, heating, ventilation and air conditioning (HVAC) systems, electrical devices, and other electronic components.

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In the automotive wiring harness industry, the wires are first cut to the desired length, usually using a special wire-cutting machine. The wires may also be printed on by a special machine during the cutting process or on a separate machine. After this, the ends of the wires are stripped to expose the metal (or core), which are fitted to the required terminals or connector housings. The cables are assembled and clamped together on a special workbench or onto a pin board (assembly board), according to the design specification, to form the cable harness. After fitting the required protective sleeves, conduit, or extruded yarn, the harness is either fitted directly in the vehicle or shipped.

U.S., Germany, France, and China have implemented government laws and regulations for vehicular emission, and have mandated automobile manufacturers to use advanced technologies to curb high emission levels in vehicles. The California Air Resources Board (CARB) launched a California Vehicle Emissions Program, which includes guidelines for manufacturers to produce and deliver zero-emission vehicles (ZEVs). The current ZEV regulations mandate substantial increase in production and sale of low-emission gasoline and diesel engine vehicles, particularly for the 20182025 model years.

Moreover, the European Union directives and related legislations limit the amount of regulated pollutants that can be emitted by new motor vehicles and engines sold in the EU. Automotive wiring harness is reported to increase fuel efficiency and lower down vehicular emission levels; therefore, incorporation of advanced wiring harness is expected to result in production of fuel efficient and eco-friendly vehicles.

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The Indian automotive wiring harness market is driven by rapid growth of the automobile industry owing to various technologically advanced features implemented in vehicles. High competition exists among car manufacturers to design cars with various safety features and electronic gadgets. In contrast to the conventional wiring methods, automotive wiring harness provides secure and reliable connections, among such gadgets. In addition, deploying such wiring harness systems improves the fuel efficiency of the vehicle and complies with the ongoing government regulations for fuel usage and emissions.

These advantages of automotive wiring harness in turn is fueling the Indian automotive wiring harness market growth. However, overheating or short circuit of the wiring harness in regions with extreme climatic conditions, such as heavy rain and snow, results in high cost of replacement of the entire system, which are restraining the India automotive wiring harness market growth. The increase in use of safety sensors, such as blind spot detection and automated steering control systems, provides numerous opportunities for market expansion.

The key operators performing in the Indian automotive wiring harness market include Delphi Automotive LLP, Furukawa Electric Co. Ltd., Sumitomo Electric Industries, Ltd., Lear Corporation, THB Group, SPARK MINDA, Samvardhana Motherson Group, Nexans Autoelectric, Yazaki Corporation, and Yura Corporation.

The India automotive wiring harness market is segmented by vehicle type, component, material, and application. In terms of vehicle type, the market covers passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Passenger cars hold the largest market share due to the increasing demand for personal vehicles and the growing middle-class population. On the component front, the market includes connectors, wires, terminals, and other related components, with connectors playing a significant role in ensuring proper electrical transmission within the vehicle systems.

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The market is further segmented by material, which includes copper, aluminum, and other materials used for wiring. Copper dominates the market due to its superior electrical conductivity and flexibility. In terms of application, the automotive wiring harness is used in various systems, including engine, body, chassis, HVAC, and sensors. The engine and body harness segments account for a major share due to the increasing integration of advanced safety, infotainment, and comfort features in vehicles across India.

Key Benefits for India Automotive Wiring Harness Market:

1. This study presents the analytical depiction of the Indian automotive wiring harness market analysis along with the current trends and future estimations to depict the imminent investment pockets.

2. The overall Indian automotive wiring harness market potential is determined to understand the profitable trends to gain a stronger foothold.

3. The report presents information related to the key drivers, restraints, and opportunities of the Indian automotive wiring harness market with a detailed impact analysis.

4. The current market is quantitatively analyzed from 2018 to 2025 to benchmark the financial competency.

5. Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

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