Global Automotive Wiring Harness Market Report 2020: Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2019 & 2020-2026 – Press Release
September 29, 2020
Dublin, Sept. 29, 2020 (GLOBE NEWSWIRE) — The “Automotive Wiring Harness Market – By Application Type, By Vehicle Type, and By Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.
The global Automotive Wiring Harness market accrued earnings worth approximately 69,743 (USD Million) in 2019 and is set to record a CAGR of about 5.5% over the period from 2020 to 2026.
The report offers assessment and analysis of the automatic coffee machines market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).
Market Growth Dynamics
A surge in the vehicle production across globe and escalating demand for technically advanced electronic safety equipment in automotive are few of the major factors that are likely to spur the market expansion over the next couple of years. Moreover, automotive wire harnesses offer spectrum of advantages to the automotive including enhanced hybrid car performance, reducing risk of short circuits in vehicles, reduction in time of installation, enhanced fuel efficiency, offering of best performance in vehicles during tough or extreme environmental conditions, and ability to carry huge power loads. This, in turn, will help the automotive wiring harness market scale up new horizons of growth in the near future.
Additionally, large-scale requirement for installing advanced driver assistance systems in automotive coupled with end-user preference for automotive electrical will transform into huge market demand over the upcoming years. Apparently, need for improving the wire connectivity in cars and reducing the complexity of the electric wire configuration in these vehicles has resulted in huge demand for automotive wiring harnesses. Apart from this, need for simple & easy electric component connectivity in cars will further support the market growth along with the defining of the business scope.
Asia Pacific To Account Majorly Towards Overall Market Revenue During 2020-2026
The growth of the market in the region over the forecast timeframe is owing to massive demand for automotive wiring harnesses in vehicles due to need for vehicle safety & modern electronic equipment. Moreover, China and India are major markets for light vehicles in the region, thereby further igniting the business expansion in the Asia Pacific one. The regional market growth is also shaped by introduction of strict government norms addressing vehicle safety.
Key market participants profiled in the report include
Furukawa Electric Co. Ltd.
Delphi Automotive LLP
Sumitomo Electric Industries Ltd.
Samvardhana Motherson Group
QINGDAO SANYUAN GROUP.
The global automotive wiring harness market is segmented as follows:
By Application Type
Chassis Wiring Harness
Body Wiring Harness
Engine Wiring Harness
HVAC Wiring Harness
Sensors Wiring Harness
By Vehicle Type
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/hnvhxz
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Laura Wood, Senior Press Manager
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