Global Automotive Wiring Harness Market Report 2019: Market Accounted for $47.08 Bn in 2018 and is Expected to Reach $68.18 Bn by 2027 - ResearchAndMarkets.com

DUBLIN--()--The "Automotive Wiring Harness Market to 2027 - Global Analysis and Forecasts by Vehicle Type; Type" report has been added to ResearchAndMarkets.com's offering.

The global automotive wiring harness market accounted to US$ 47.08 Bn in 2018 and is expected to grow at a CAGR of 4.27% during the forecast period 2019 - 2027, to account to US$ 68.18 Bn by 2027.

It is believed that there are more than a billion cars are on the road worldwide. Also, people have been keen on keeping cars for a longer time with them than ever before and therefore, the expenditures on the aesthetics and design of vehicles are expected to be more than ever before. Previously, automotive wiring harness was considered to be the most overlooked suspension components in the passenger cars. However, gaining importance for fuel efficiencies while driving and surging demands for smoother rides have translated into healthy growth for wire harness products in the passenger cars.

Currently, the automotive wiring harness market is experiencing a steady growth that is attributed to numerous factors. The most significant factors that have impacted the growth of this industry are more disposable incomes with consumers and consequently the number of passenger cars on the roads; poor condition of roads in the developing and the underdeveloped economies and the parallel advancements made in the consumer products industry. Over the years, the automobile industry has experienced occasional highs and lows as a result of the changes in the economy, weather conditions, and the interest from new investors. The consumer spending on automotive components and other allied accessories have changed drastically that present significant opportunities to the businesses today.

Wiring harness provides electrical as well as data connection within a vehicle. With the rise of advanced driver assistance systems such as Anti-lock Brake System (ABS), Electronic Brake Distribution (EBD), Lane-keep Assist, Traction Control, Electronic Stability Program (ESP), Adaptive Cruise Control, Automatic Braking, Automatic Parking and Blind Spot Detection (BSD) among others, the demand for data connectivity cables or harness is set to increase.

It is believed that in the future, with the advent of more driver assistance systems and autonomous driving is further going to increase the demand for faster, better, and more rugged data connectivity solution. Thus, these factors are going to drive the market for wiring harness over the forecast period from 2019 - 2027.

Key Topics Covered:

1. Introduction

1.1 Scope of the Study

1.2 Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

4. Automotive Wiring Harness Market Landscape

4.1 Market Overview

4.2 Ecosystem Analysis

4.3 Porters Five Forces analysis

5. Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Rapid rise in vehicular population as a result of rising disposable incomes

5.1.2 Advancement of technologies for display units, voice recognition systems and consumer electronics

5.1.3 Ensures lesser time-to-product

5.2 Key Market Restraints

5.2.1 Concerns around the electromagnetic interference of the wiring harness

5.3 Key Market Opportunity

5.3.1 Emerging integrations of consumer electronics in the automotive industry

5.4 Future Trends

5.4.1 Manufacturing of advanced sensors for autonomous vehicles

5.5 Impact Analysis of Drivers and Restraints

6. Automotive Wiring Harness - Global Market Analysis

6.1 Global Automotive Wiring Harness Market Overview

6.2 Global Automotive Wiring Harness Market Forecast and Analysis

6.3 Market Positioning/ Market Share

7. Global Automotive Wiring Harness Market Analysis - By Vehicle Type

7.1 Overview

7.2 Global Automotive Wiring Harness Market Breakdown, By Vehicle Type, 2018 & 2027

7.3 Passenger Cars market

7.4 Light Commercial Vehicle (LCV) Market

7.5 Medium & Heavy Commercial Vehicle (M&HCV) Market

7.6 Global Automotive Wiring Harness Market Analysis - by Type

7.7 Overview

7.8 Automotive Wiring Harness Market Breakdown, By Type, 2018 & 2027

7.9 Main Harness Market

7.10 Auxiliary Wiring Harness Market

7.11 Cockpit Wiring Harness

7.12 Internal Combustion Engine (ICE) Wiring Harness Market

7.13 E-Motors Wiring Harness Market

8. Automotive Wiring Harness Market - Geographical Analysis

9. Industry Landscape

9.1 Market Initiative

9.2 New Development

10. Automotive Wiring Harness Market - Key Company Profiles

  • Sumitomo Electric
  • Lear Corporation
  • Delphi Automotive PLC (Aptiv)
  • Yazaki Corporation
  • Furukawa Electric Co.
  • Fujikura Automotive
  • Samvardhana Motherson Group
  • Leoni AG
  • Minda Spark
  • Nexans

For more information about this report visit https://www.researchandmarkets.com/r/byrxf4

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900