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 reach USD 120.69 Billion by 2025, at a CAGR of 5.83% from 2018 to 2025.
The key growth drivers for the market are the rise in vehicle production and sales, trend of integrating advanced features in the vehicles, and growing demand for electric vehicles.
Report Highlights
- The passenger car segment is estimated to hold the largest market share during the forecast period.
- The HVAC application is projected to register the highest growth, in terms of value and volume, in the automotive wiring harness market during the forecast period.
- By EV type, the HEV segment is estimated to be the largest segment of the automotive wiring harness market, by value and volume, during the forecast period.
- By propulsion, the automotive wiring harness market for EV segment is estimated to grow at the highest rate during the forecast period.
- The Asia Pacific region is projected to be the largest market for automotive wiring harness by 2025.
Market Dynamics
Drivers
- Rise in Vehicle Sales
- Rising Trend of Integrating Advanced Features for Improving Performance and Driving Experience
- Growing Demand for Electric Vehicles
- Increase in the Demand for Premium Segment Vehicles
Restraints
- Corrosive Nature of Wiring Harness
- High Cost of Advanced Technology Equipment
Opportunities
- Growing Trend of Autonomous and Semiautonomous Vehicles
- High-Growth Potential in Emerging Markets
Challenges
- High Fluctuating Cost of Copper Due to Increasing Demand
- Industry Shifting Toward Lightweight Wiring Harness
Companies Mentioned
- Sumitomo Electric
- Lear
- Aptiv
- Yazaki
- Furukawa
- Leoni
- Samvardhana Motherson
- PKC
- Nexans
- Fujikura
- Minda
- THB
- Yura
- Charng Min Electronic
- Saison Electronics
- Shenzhen Deren Electronics
- Kromberg & Schubert
- Draxlmaier
- Ke Elektronik
- Fintall Oy
- Pacific Insight Electronics
- Prestolite Wire
- Cypress Industries
- Brascabos
- Hesto Harnesses
For more information about this report visit https://www.researchandmarkets.com/research/sqrjzl/120_billion?w=4
