Automotive Wiring Harness

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Automotive Wiring Harness
Market
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REPORT DESCRIPTION
The Global Automotive Wiring Harness Market will expand at an 8.60% CAGR during the forecast period from 2015 to
2021. In 2014, the global automotive wiring harness market was worth US$45.4 bn and by 2021, it is projected to be
worth US$80.5 bn.
Full Report Description of Automotive Wiring Harness Market is available at:
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The research study on the global automotive wiring harness market provides an in-depth evaluation of the drivers of
the market from the supply side, demand side, and economic perspective. The key supply side driver of the global
automotive wiring harness market is the growing innovation in wiring harness system. The most prominent driver
from the demand side for the market is the growth in overall vehicle production. The key economic driver of the
global automotive wiring harness market is the reduction in the cost of automotive wiring harnesses. Nevertheless,
the global automotive wiring harness market will be suppressed by maintenance issues related to automotive wiring
harnesses.
By vehicle type, the global automotive wiring harness market is segmented into heavy vehicles and light vehicles,
among which the market is dominated by the light vehicles segment. The segment is driven by factors such as the
low maintenance needs and better fuel combustion of light vehicles.Application-wise, the global automotive wiring
harness market is divided into speed sensors wiring harnesses, body wiring harnesses, engine wiring harnesses,
heat, ventilation, and air conditioning (HVAC) wiring harnesses, and chassis wiring harnesses. In 2014, the global
automotive wiring harness market was dominated by the chassis wiring harnesses segment, followed by the HVAC
segment. The chassis segment is projected to continue its dominance in the global automotive wiring harness
market in the coming few years.
On the basis of geography, the global automotive wiring harness market is classified into Asia Pacific, Europe, North
America, and Rest of the World. In 2014, the global automotive wiring harness market was led by Europe. The
presence of prominent automobile manufacturers such as BMW, Mercedes Benz, and Audi in Europe is driving this
regional market and generating an exponential demand for premium passenger cars. These cars are fitted with
innovative electronic devices for safety and navigation, which will further drive the European automotive wiring
harness market.
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Asia Pacific is projected to be the most attractive market for automotive wiring harnesses during the forecast period.
This region will benefit from the rising installation of automotive wiring harnesses in safety and navigation devices.
In addition to this, the Asia Pacific automotive wiring harness market will also be driven by the implementation of
government regulations for vehicle safety as car instruments require speed sensor wiring harnesses.Players in the
global automotive wiring harness market will benefit from the opportunities presented by the growing use of wiring
harnesses in alternative energy vehicles and rising demand for automotive Ethernet cables. Some of the key players
operating in the global automotive wiring harness market are Furukawa Electric, Delphi Automotive, Lear, Yazaki,
Leoni, Nexans Autoelectric, and Minda Automotive, and THB.
Key Segments of the Global Automotive Wiring Harness Market
Global Automotive Wiring Harness Market: By Vehicle Type
> Light Vehicles
> Heavy Vehicles
Global Automotive Wiring Harness Market: By Application
> Chassis Wiring Harness
> HVAC Wiring Harness
> Engine Wiring Harness
> Body Wiring Harness
> Speed Sensors Wiring Harness
Global Automotive Wiring Harness Market: By Geography
> North America
> Europe
> Asia Pacific
> Rest of the World
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The automotive industry is one of the growing sectors currently and is expected to show significant growth during the forecast period. The automotive wiring harness market is presently focused on technological up-gradation such as heat insulated wires and ethernet cables. The increasing awareness about vehicle safety is also driving the growth of automotive wiring harness as the safety features fitted in automobiles requires complex setup of body wiring harness and speed sensors wiring harness.

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