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Automotive Wiring Harness Market: Global Forecast until 2021

  • March 2017
  • 166 pages
  • ID: 5184183
In this report:
The overall automotive wiring harness components market size, in terms of volume, is expected to grow at a CAGR of ##.##% from ##,##.## million units in 2016 to ##,##.## million units by 2021.
The overall automotive wiring harness component market size, in terms of volume, is expected to grow at a CAGR of ##.##% from ##,##.## million units in 2016 to ##,##.## million units by 2021.

Summary

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"Consumer preference for high-end electronics in automotive gaining pace over the years"

The overall automotive wiring harness market was expected to be at ~$42.7B in 2016 and estimated to reach ~$61.3B by 2021, at a compound annual growth rate of 7.50 percent. Growing complexity in vehicles together with growing intrusion of electronics is driving the industry demand for automotive wiring harness. As a result, the automotive wiring harness market has shown immense increase in developing countries including India, China (CN), and Middle East (ME).

"Chassis harness application projected to have the biggest share in the automotive wiring harness market in 2016"

Chassis harness is the biggest segment in wiring harness market due to the complex installations in the instrument panel of passenger cars. The increased installation rate of high-end electronics in passenger cars increases the complexity in the cables of the system. This factor drives the demand of chassis harness, which is responsible for the most important share in the automotive wiring harness market.

"Light vehicle segment controled the wiring harness market in terms of sales in 2016"

Light vehicle segment was forecasted to grow at the highest CAGR (Compound annual growth rate) and is forecasted to account for the more significant market share in terms of sales. Increased production of passenger cars will drive the wiring harness market for light vehicles.

"Asia Pacific (APAC) is forecasted to be the fastest growing area in automotive wiring harness market"

Asia-Pac region is forecasted to grow at the highest compound annual growth rate (CAGR), by value, over the projected period from 2016 to 2021. High volume sectors and rise in demand for high-end electronic and safety features in passenger cars makes Asia-Pacific the biggest regional market for automotive wiring harness. Also, upcoming legislation for safety technologies in developing countries is a main factor that will drive this sector.

The market research includes insights of different industry experts, ranging from component suppliers to Tier 1 firms and Original equipment manufacturers. The break-up of the primaries is like:

• By Company category - Tier 1 - X%, Tier 2 - X%, Others - X%

• By Description - C-suite - X%, D-suite - X%, Others - X%

• By Area - North America (NA) - X%, EU - X%, Asia-Pac - X%, RoW - X%

Top actors decribed in the market research are:

• Sumitomo Electric Sectors

Segment Research

The document breaks down the automotive wiring harness market and forecasts its size, by quantity and value, on the basis of area (Asia Pacific (APAC), Europe (EU), North America continent, and RoW), By Application (Chassis Harness, Body harness, Engine Harness, HVAC Harness And Speed Sensors harness), By electric vehicle type (BEV, HEV and PHEV), and by Vehicle Type. Qualitative review for by material is also provided.

The industry report also offers a comprehensive review of market drivers, market restraints, alternatives, and opportunities in the overall automotive wiring harness market. Apart from analyzing the quantitative aspects of these industries, the study also includes qualitative aspects, such as Porter's five forces analysis for the overall automotive wiring harness market.

Why Purchasing This Study Can Help You:

The analysis offers business insights about the following parts:

• business entry: Exhaustive information about the automotive wiring harness market provided by the most important 13 market actors in the industry

• Product Development/Innovative products: In-depth understanding into up-on-coming technologies, Research&development activities, and recent product launches in the wiring harness market

• Market Development: Highlighted information about wiring harness. The market research examines the sector for automotive wiring harness across localities

• industry diversification: Complete information about recent products, untapped regional sectors, recent evolutions, and market investments in the automotive wiring harness market

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