Automotive Wiring Harness Market Trends and Global Forecast 2023

Market Highlights:
The automotive wiring harness market growth is majorly driven by the booming automotive industry and increased income levels of people in the Asia-Pacific region. Countries like China, India and Thailand are registering huge sales in the automotive sector and there is a pressing demand to meet the stringent vehicle emission norms in the countries. Also, the increased sales of two wheeler segment in the region is also adding to the drivers of the wiring harness market. However, the growth of this market can be restrained by the cost of the technology and the continuous research and development that is needed to update the system.

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Market Research Analysis:
Globally, the automobile sector has been witnessing increased sales in the recent years. This is mainly due to the increased purchase capacity of the Asia-Pacific region. Additionally, wiring harness of automobiles have gained prominence in recent years because of increased demand for the fuel efficient as well as reduced emission vehicles and rising demand for passenger vehicles.
The Asia-Pacific region is expected to be the largest market for automobile wiring harness especially because of countries like China, Thailand and India in the region. The wiring harness market in North America and Europe is driven by the strong aftersales market in the regions. Global manufacturers are required by law to reduce the emission from automotive engines and also increase cleaner burning of fuels. All these factors are contributing to the growth of the automotive wiring harness market.

Scope of the Report:
This study provides an overview of the global automotive wiring harness market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global automotive wiring harness market by vehicle type, material type, applications and regions.

By Vehicle Type
• Passenger Car
• Light Motor Vehicles
• Heavy Motor Vehicle
• Others

By Material Type
• Copper
• Aluminium
• Others

By Application
• Engine
• HVAC
• Body
• Chassis
• Sensors
• Others

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Key Players:
The key players of global automotive wiring harness markets includes Delphi Corporation, Yazaki Corporation, Leoni Group, Sumito Electric Industries, Furukawa Electric, Fujikura Ltd, PKC Group, SPARK MINDA, THB Group, Yura Corporation and among others.

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This release was published on openPR.