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Sumitomo Electric Expands North American Reach with New Production Facility

01-13-2025 01:37 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

Sumitomo Electric Expands North American Reach with New

๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐“๐ซ๐š๐ฃ๐ž๐œ๐ญ๐จ๐ซ๐ฒ ๐Ÿ๐จ๐ซ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐–๐ข๐ซ๐ข๐ง๐  ๐‡๐š๐ซ๐ง๐ž๐ฌ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

The size of the automotive wiring harness market was estimated at USD 51.83 billion in 2023, and it is anticipated that total revenue will increase at a 4.8% compound annual growth rate (CAGR) from 2024 to 2030, reaching around USD 71.96 billion.

๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐–๐ข๐ซ๐ข๐ง๐  ๐‡๐š๐ซ๐ง๐ž๐ฌ๐ฌ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ
Vietnam's automotive sector is growing rapidly, driven by increasing consumer vehicle ownership and foreign investments in domestic manufacturing. Major players are investing in wiring harness production to cater to this growing demand.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/43193/

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐–๐ข๐ซ๐ข๐ง๐  ๐‡๐š๐ซ๐ง๐ž๐ฌ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐
Thailand, known as the "Detroit of Asia," is a leading automotive manufacturing hub. With the government's focus on electric vehicles, wiring harness manufacturers are experiencing a surge in demand for EV-specific systems.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐–๐ข๐ซ๐ข๐ง๐  ๐‡๐š๐ซ๐ง๐ž๐ฌ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง
Japan is a global leader in automotive technology. Companies like Sumitomo Electric Industries and Yazaki Corporation are driving innovation in lightweight and eco-friendly wiring harness solutions, catering to the evolving needs of the EV market.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐–๐ข๐ซ๐ข๐ง๐  ๐‡๐š๐ซ๐ง๐ž๐ฌ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š
South Korea's automotive market is experiencing consolidation, with major players like Hyundai Mobis enhancing their production capabilities. Investments in connected and autonomous vehicles are increasing demand for advanced wiring solutions.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐–๐ข๐ซ๐ข๐ง๐  ๐‡๐š๐ซ๐ง๐ž๐ฌ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž
Singapore's emphasis on smart mobility solutions and autonomous vehicle research is driving updates in wiring harness technologies. Local research institutions are collaborating with global firms to develop innovative solutions for next-generation vehicles.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐–๐ข๐ซ๐ข๐ง๐  ๐‡๐š๐ซ๐ง๐ž๐ฌ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ
The U.S. remains a dominant market, driven by the high penetration of advanced automotive technologies and electric vehicles. Companies like Lear Corporation and Aptiv PLC are investing heavily in R&D to maintain their competitive edge.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐–๐ข๐ซ๐ข๐ง๐  ๐‡๐š๐ซ๐ง๐ž๐ฌ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž
Europe's focus on reducing emissions and adopting hybrid and electric vehicles has created a fertile market for advanced wiring harness systems. Countries like Germany and France are leading innovation in lightweight and high-efficiency harness solutions.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐ญ๐š๐ค๐ž ๐š ๐ฌ๐ง๐ž๐š๐ค ๐ฉ๐ž๐ž๐ค? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐ž๐ž ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐ž:https://www.maximizemarketresearch.com/request-sample/43193/

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐–๐ข๐ซ๐ข๐ง๐  ๐‡๐š๐ซ๐ง๐ž๐ฌ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ

Electric wire
Connector
Terminals
Other

๐›๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž

Passenger car
Commercial vehicles

๐›๐ฒ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐“๐ฒ๐ฉ๐ž

Metallic
Optical fiber

๐›๐ฒ ๐“๐ซ๐š๐ง๐ฌ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง ๐“๐ฒ๐ฉ๐ž

Electrical wiring
Data transmission

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Body
Engine
Chassis
HVAC
Sensors

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐–๐ข๐ซ๐ข๐ง๐  ๐‡๐š๐ซ๐ง๐ž๐ฌ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

1. Aptiv PLC (US)
2. Delphi Automotive LLP (US)
3. The Harness Connection (US)
4. Lear Corporation (US)
5. QINGDAO SANYUAN GROUP (US)
6. Fujikura Ltd (Japan)
7. Furukawa Electric Co. Ltd. (Japan)
8. Sumitomo Electric Industries, Ltd. (Japan)
9. THB Group (UK)
10. Nexans (France)
11. Yura Corporation (Korea)
12. Leoni Ag (Germany)
13. PKC Group (Finland)
14. Minda Spark (India)
15. Devise Electronics Pvt. Ltd. (India)
16. EMDEP TestBoards (India)

๐ƒ๐ข๐ฏ๐ž ๐ƒ๐ž๐ž๐ฉ๐ž๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐ƒ๐š๐ญ๐š! ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐’๐ญ๐ฎ๐๐ฒ ๐จ๐ง ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฉ๐š๐ ๐ž ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/market-report/global-automotive-wiring-harness-market/43193/

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐–๐ข๐ซ๐ข๐ง๐  ๐‡๐š๐ซ๐ง๐ž๐ฌ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

What is Automotive Wiring Harness ?
What is the growth rate of the Automotive Wiring Harness Market?
Who are the key players in the Automotive Wiring Harness market?
Who are the leading companies and what are their portfolios in Automotive Wiring Harness Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Wiring Harness Market?
Which are the factors expected to drive the Automotive Wiring Harness market growth?
What are the different segments of the Automotive Wiring Harness Market?
What growth strategies are the players considering to increase their presence in Automotive Wiring Harness ?
What are the upcoming industry applications and trends for the Automotive Wiring Harness Market?
What segments are covered in the Automotive Wiring Harness Market?
What segments are covered in the Automotive Wiring Harness Market?
What are the key opportunities in the market?
What factors restrain the market growth?


๐„๐ฑ๐œ๐ข๐ญ๐ž๐ ๐ญ๐จ ๐๐ข๐ฏ๐ž ๐ข๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฎ๐ง๐œ๐จ๐ฏ๐ž๐ซ ๐ข๐ญ๐ฌ ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ:https://www.maximizemarketresearch.com/request-sample/43193/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐œ๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐ž๐๐ ๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐ :

Global Network Optimization Services Market https://www.maximizemarketresearch.com/market-report/global-network-optimization-services-market/66577/

global home insecticides market https://www.maximizemarketresearch.com/market-report/global-home-insecticides-market/67219/

Complementary and Alternative Medicine Market https://www.maximizemarketresearch.com/market-report/global-complementary-and-alternative-medicine-market/74005/

Linalool Market https://www.maximizemarketresearch.com/market-report/global-linalool-market/78118/

Oregano Oil Market https://www.maximizemarketresearch.com/market-report/global-oregano-oil-market/78140/

Cloud Backup Market https://www.maximizemarketresearch.com/market-report/global-cloud-backup-market/8040/

Global ID card Printers Market https://www.maximizemarketresearch.com/market-report/global-id-card-printers-market/81676/

Global Automotive Intelligent Lighting Market https://www.maximizemarketresearch.com/market-report/global-automotive-intelligent-lighting-market/81736/

Global Consumer Packaged Goods Packaging Market https://www.maximizemarketresearch.com/market-report/global-consumer-packaged-goods-packaging-market/85843/

Global Fiber Drums Market https://www.maximizemarketresearch.com/market-report/global-fiber-drums-market/88181/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Higher Education Market Poised for Steady Growth Through 2030, Driven by Digital Learning and Global Enrollment Expansion The Global Higher Education Market size was valued at USD 724.3 Billion in 2023 and the total global Higher Education revenue is expected to grow at a CAGR of 12.66% from 2024 to 2030, reaching nearly USD 1669.44 Billion by 2030. Curious to peek inside? Grab your sample copy of this report now: https://www.maximizemarketresearch.com/request-sample/7167/ The Higherโ€ฆ
Coconut Market 2025-2032: Size, Growth, Key Drivers, Challenges & Future Opportunities
01-12-2026 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD
Coconut Market 2025-2032: Size, Growth, Key Drivers, Challenges & Future Opportu โ€ฆ
The Global Coconut Market was valued at USD 12.87 Billion in 2024 and is projected to grow at a CAGR of 7.05% from 2025 to 2032, reaching an estimated USD 22.20 Billion by 2032. Market Overview The global coconut market encompasses a broad range of products derived from the coconut tree (Cocos nucifera), including coconut water, milk, oil, desiccated coconut, snacks, and other derivatives used across food & beverage, cosmetics, personal care,โ€ฆ

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07-09-2024 | Advertising, Media Consulting, โ€ฆ
HTF Market Intelligence Consulting Private Limited
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, โ€ฆ
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 metalโ€ฆ
01-18-2021 | Logistics & Transport
Ken Research Pvt Ltd
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear โ€ฆ
Saudi Arabiaโ€™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 ofโ€ฆ
02-27-2019 | Business, Economy, Finances, B โ€ฆ
Fact.MR
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu โ€ฆ
Automotive fuel injectors marketย 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 theย salesย of automotive fuel injectors areย expectedโ€ฆ
01-31-2019 | Business, Economy, Finances, B โ€ฆ
Orbis Research
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo โ€ฆ
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 globalโ€ฆ
01-15-2019 | Business, Economy, Finances, B โ€ฆ
Research Reports Inc.
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del โ€ฆ
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 Informationโ€ฆ
08-28-2018 | Business, Economy, Finances, B โ€ฆ
Accord Market
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, โ€ฆ
Accord Market, recently published a detailed market research study focused on the โ€œAutomotive Body Welded Assembly Marketโ€ across the global, regional and country level. The report provides 360ยฐ analysis of โ€œAutomotive Body Welded Assembly Marketโ€ 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 ofโ€ฆ