Automotive Wiring Harness Market Expansion to be Persistent by 2021
To view complete report @ http://www.persistencemarketresearch.com/market-research/automotive-wiring-harness-market.asp
The automotive wiring harness broadly consists of six components namely electric wire, protector, grommet, terminal, tape and clamp. Automotive wiring harness industry is showing great advancements in increasing the efficiency of the harness. The price of automotive wiring harness have been declining in recent times due to falling copper prices (one of the raw material for automotive wiring harness) and several lawsuits against the price control practice of the key manufacturers. The fall in prices has further increased the demand for automotive wiring harness globally. In the European Union, six substances used in automotive wiring harness namely lead, mercury, hexavalent chromium, polybrominated biphenyls and polybrominated diphenyl ether must fall under RoHS lead-free directive.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3678
Among regions, Asia Pacific dominated the global automotive wiring harness market in 2013 followed by Europe. Japan is the leading producer of automotive wiring harness in Asia Pacific. With the increasing automobiles, Asia Pacific is expected to retain its leadership position by 2020.
The pacified European automobile market is expected to pick up the fast growth trend with its recovering economy which is expected to forward its benefit to the automotive wiring harness market.
The automotive wiring harness market for new energy vehicles including the electric and hybrid vehicles have higher per unit cost due to the higher production cost of high voltage wiring harness assembly. The special processing in terms of electricity transmitting capacity, mechanical strength, insulation protection and electromagnetic compatibility increases the production cost by 25%-50%. The increasing numbers of new energy vehicles are expected to boost the automotive wiring harness market significantly in terms of value. The Chinese market for new energy vehicles is increasing rapidly which is expected to attract significant demand for the automotive wiring harness market in this category.
Automotive wiring harness industry is highly consolidated where four major players account for about 75% of the market. The key market players in automotive wiring harness market include Delphi Automotive, Furukawa Electric, Lear, Leoni, Sumitomo Electric Industries, Yazaki, Tianjin Jin-Zhu Wiring Systems and Prestolite Wire.
The large companies have been making organic and inorganic investments to increase their global reach and cater to the increasing automotive wiring harness demands. For instance, Furukawa acquired Mitsubishi’s automotive connector business in 2011 to increase investment in this field. In May 2013, Furukawa decided to expand the production of its Philippines factory. Chinese automotive wiring harness company Shenzen Deren Electronics Co. Ltd. purchased auto connector and wiring harness business of CAEG in 2012.
To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/3678
The largest companies such as Yazaki, SY System Tech, Leoni and Furukawa have been several times penalized for controlling market prices in North America and Europe. These four companies have been penalized with USD 187 million in July 2013 by European Union on the same grounds.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
This release was published on openPR.
Permanent link to this press release:
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 Expansion to be Persistent by 2021 here
News-ID: 597043 • Views: 204
More Releases from Persistence Market Research
The Waffle Maker Market To Override The Shackles Of Monotony
Global sales of waffle makers are estimated to reach a valuation of US$ 363 Mn by the end of 2031, increasing at a CAGR of 5.6%, mostly driven by high demand for square Belgian waffle makers, which held 27.7% market share in 2020. Market players have been compelled to come up with innovative solutions as awareness of modern technology and equipment has grown; consumers, specifically the millennials, prefer innovative alternatives. This
The Toilet Seat Sanitizer Market To Be Coaxed By Innovation
Global sales of toilet seat sanitizers are estimated to reach US$ 1.27 Bn by the end of 2031, increasing at a CAGR of 6.9% from 2021 to 2031, mostly driven by high demand for spray sanitizers, which hold more than 50% market share. Market players expanding their product portfolios by manufacturing natural and herbal toilet seat sanitizers that are primarily focused on mitigating the adverse effects of synthetic disinfection products. Globally,
The Ammonia Market To Integrate Inquisition With Innovation
The global Ammonia Market is expected to stimulate at a good rate In Upcoming Years. Virtual consultations are amongst the ongoing trends. They mitigate the spreading of contagious ailments, thereby facilitating better efficiency. The gap regarding the demand-supply ratio could also be bridged this way. With this practice being followed, the developing economies would benefit better, as the cost to commute could be curtailed. Ammonia is a compound of nitrogen and
The Seaweed Cultivation Market To Stumble Upon Innovation
The global seaweed cultivation market is expected to register growth at a CAGR of over 8% through 2031, and top a valuation of US$ 41 Bn, as per estimates by Persistence Market Research. Increased utilization of seaweed as a natural thickening and gelling agent, which is beneficial for the production of cheese, creams, desserts, and other products, is driving its demand. Demand for healthy ingredients in the food & beverage industry
More Releases for Automotive
Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,
Global Automotive Windshield Market
“Global Automotive Windshield Industry 2021 Market Research Report” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Windshields, also known as windscreens, are curved glasses placed in the front of a vehicle to protect the occupant from the wind and road debris such as mud and dust. It also enhances the aerodynamics of the vehicle. Technavio’s analysts forecast the global automotive windshield market to grow at a CAGR of 4.64% during the period
Automotive Market Outlook 2016
This document is a series of scorecards for major Automotive markets which review historic (2011-2015), short term (2016-2020) and medium/long term (2021-2030) performance of light vehicle sales in the markets covered by the Automotive system. A ranking from 1 to 10 is assigned to each macro and micro driver that impact demand, which is multiplied by a score ranging from +5 (positive) to -5 (negative) for the three time periods,
Tweaked Automotive ‘Spectre Edition’
Tweaked Automotive announces its most recent special edition release, the Spectre Edition Land Rover Defender. The idea of executing a special Land Rover Defender build was circulating around the Tweaked Automotive design department for some time. The fact Land Rover ceased production of these much loved four wheel drives that have been around since 1948 prompted Tweaked Automotive to get stated as a matter of urgency. Hand in hand the 007TM