DUBLIN--(BUSINESS WIRE)--The "Automotive Wiring Harness Market by Application, Propulsion, Vehicle, EV type, Component, Material, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The automotive wiring harness market is estimated to be USD 81.17 billion in 2018 and is projected to grow at a CAGR of 5.83% during the forecast period, to reach a market size of USD 120.69 billion by 2025.
Most of the consumers are now demanding advanced safety, comfort, and convenience features, which largely influence their purchase decisions. The rising trend of integrating advanced convenience features in vehicles is driving the growth of the wiring harness market. However, the high cost of advanced technology is expected to inhibit the growth of the automotive wiring harness market.
The dashboard/cabin application is estimated to be the largest segment, by volume, of the automotive wiring harness market from 2018 to 2025. The growth of this segment can be attributed to the rise in trend of integrating advanced features to enhance safety, comfort, and convenience in vehicles.
Wiring harness acts as the nervous system of the vehicle and transmits energy and information for the smooth functioning of electronic devices installed in the vehicle. Rising installation rate of high-end electronics and safety features in light and heavy vehicles along with an increase in global vehicle production is expected to fuel the growth of automotive wiring harness market.
The EV segment is estimated to be the fastest growing segment, by volume as well as value, of the automotive wiring harness market during the forecast period. The growing environmental concerns, rising fossil fuel prices, and stringent government regulations for emission have accelerated the growth of the EV market.
The market players such as Tesla (US), Waymo (US), BMW (Germany), Volvo (Sweden), GM (US), Toyota (Japan), and Renault-Nissan Corporation (Netherlands) have already introduced various EVs in the market. In addition, these manufacturers are consistently improving their technology with a strong focus on R&D.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Wiring Harness Market, By Material
7 Automotive Wiring Harness Market, By Application
8 Automotive Wiring Harness Market, By Propulsion
9 Automotive Wiring Harness Market, By EV Type
10 Automotive Wiring Harness Market, By Vehicle Type
11 Automotive Wiring Harness Market, By Component
12 Automotive Wiring Harness Market, By Region
13 Competitive Landscape
14 Company Profiles
- Sumitomo Electric
- Samvardhana Motherson
- Charng Min Electronic
- Saison Electronics
- Shenzhen Deren Electronics
- Kromberg & Schubert
- Ke Elektronik
- Fintall OY
- Pacific Insight Electronics
- Prestolite Wire
- Cypress Industries
- Hesto Harnesses
For more information about this report visit https://www.researchandmarkets.com/research/wt8p26/automotive_wiring?w=4