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Automotive Secondary Wiring Harness Market by Application, Vehicle Type, EV type And Region - Global Forecast to 2022

Automotive Secondary Wiring Harness Market: Global Forecast until 2022

  • September 2017
  • 140 pages
  • ID: 5112468
In this report:
The overall volume of BEV automotive secondary wiring harness market by volume is expected to grow at a CAGR of ##.##%, during the forecast period, from an estimated ##.## thousand units in 2017 to a projected ##.## thousand units by 2022.
The HEV automotive secondary wiring harness market is expected to grow at a CAGR of ##.##%, during the forecast period, from an estimated ##,##.## thousand units in 2017 to a projected ##,##.## thousand units by 2022.

Summary

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"Rise in adoption of advanced technologies to trigger the sector demand for automotive secondary wiring harness market"

The automotive secondary wiring harness market is estimated to grow a market size of ~$33.8B by 2022 increasing at a compound annual growth rate (CAGR) of ~21.0 percent between 2017 and 2022. The automotive technology has evolved tremendously in the recent years and that has led to an rise in the number of complex and high-end electric & electronic systems used in vehicle. Technologies including advanced infotainment system and safety and security system have increased the installation rate of secondary wiring harnesses in a vehicle. New technology innovators are entering the automotive market with new, complex technologies that will raise the usage of wiring harness. Therefrom, rised preferences for high-end electronics is driving the market demand for secondary wiring harness.

"The cabin harness application segment is envisaged to be the most important segment"

The cabin harness application segment is planned to be the biggest segment, by application, of the automotive secondary wiring harness market in 2017, in terms of value significance. The industry demand for automotive secondary wiring harness in cabin harness application is growing because of the growth in high technology systems such as infotainment systems and embedded systems.

"The automotive secondary wiring harness market for passenger cars is intended to be the fastest-growing segment"

The automotive secondary wiring harness market for passenger cars segment is forecasted to hold the biggest industry size during the outlook period. This is due to the huge production of passenger cars in countries including China (CN) and India (IN). The huge production of passenger cars can be accredited to the government incentives and schemes including introduction of free trade zones and tax cuts. This has also helped to drive the global automotive secondary wiring harness market and has favored the implementation of customer-focused features including better comfort, advanced infotainment systems, and safety in passenger cars at an affordable price.

"Asia-Pac is forecasted to be the biggest market in terms of value importance"

In 2017, the most important regional market for automotive secondary wiring harness is the Asia Pacific market, which holds the main market share of the overall automotive secondary wiring harness market, by value and quantity. This can be connected to the rising sale of electric vehicles in this area. Emerging countries including China, India (IN), and South Korea (KR) are now focusing on fuel efficiency by reducing the global weight of the vehicles to meet the emission standards. These factors have contributed to make Asia Pacific the biggest market.

The market research includes industry insights specified by different market experts, ranging from automotive secondary wiring harness manufacturers to automobile component manufacturers and different automotive associations. The break-up of the primaries is like:

- By Company Type: Tier 1 - 63.0 percent, Tier 2 - 26.0 percent, and 1/3 3 - 11.0 percent

- By Designation: C Level - 62.0 percent, D Level - 28.0 percent, and Others - 10.0 percent

- By area: North america (NA) - 46.0 percent, Europe - 28.0 percent, Asia Pacific - 18.0 percent, RoW - 8.0 percent

Actors Decribed in the industry report are:

• Sumitomo Electric Sectors, Limited

• Furukawa Electric Co., Limited

Segment Research

The study includes the automotive secondary wiring harness market established on application type, door harness, airbag harness, electronic parking brakes, electronic gear shift system), by vehicle type, by electric vehicle, and area (North America continent, Europe (EU), Asia Pacific (APAC), and RoW).

Why Purchasing This Study Can Help You:

The analysis offers business insights about the following parts:

• business entry: The market research offers Exhaustive information about automotive secondary wiring harness provided by the top actors in the sector.

• Regulatory Framework: The industry report contributes in-depth understanding into wiring harness norms leading to application of vehicle segment, and the effect of the regulations on the sector.

• Market Development: The study offers highlighted information about several automotive secondary wiring harness technology trends. It examines the industries for different automotive secondary wiring harness technologies across the countries.

• industry diversification: The analysis offers complete information about emerging technologies, recent evolutions, and market investments in the automotive secondary wiring harness market.

• opposing assessment: The market research contributes detailed assessment of strategies, services, and manufacturing competences of key players in the automotive secondary wiring harness market.

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