Global top 2000 strategist rely on us for their growth strategies. The MarketWatch News Department was not involved in the creation of this content. Region : Global | Report ID: FBI102043 | Status : Ongoing . The global automotive wiring harness market was valued for US$ 54,629.4 Mn in 2019 is expected to exhibit a CAGR of 8.9% during the forecast period. The global automotive wiring harness market grew at a CAGR of around 6% during 2014-2019. The investigating report ensure complete top to bottom examination of market portions based on material, vehicle type, application … Automotive wiring harness market is envisioned to value at USD 81 Billion by 2029 end and is expected to register a CAGR of 5.7% over the forecast period 2020-2029.. Market Overview. The global automotive wiring harness market size is expected to reach USD 77.15 billion by 2025 at a 6.2% CAGR during the forecast period, according to a study conducted by Grand View Research, Inc. Automotive Wiring Harness Market Share, Size, Growth, Opportunities and Forecast 2020 To 2025. COVID has undoubtedly negatively affect the auto production worldwide resulting in decreased sales for wiring harness manufacturers but China saw a V shaped recovery from April 2020. Improved fuel combustion and low maintenance are expected to promote the acceptance of automotive wiring harness in the coming years. It is expected that this market will decline by less than 7% in 2020 YOY. It is expected to exhibit a 6.35% CAGR during the assessment period (2017-2023). - 174) 17.1 Overview 17.2 Automotive Wiring Harness Market: Market Ranking Analysis 17.3 Competitive Leadership Mapping 17.3.1 Terminology 17.3.2 Visionary Leaders 17.3.3 Innovators 17.3.4 Dynamic Differentiators 17.3.5 Emerging Companies 17.4 Strength of Product Portfolio 17.5 Business Strategy Excellence 17.6 Winners vs. India is a lucrative market for automotive wiring harness market manufacturing companies as the government has introduced 100% foreign equity investment for automobile sector. Automotive Wiring Harness Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2024 Report Code: AM 56448 Report Format: PDF + Excel (Delivery in 48 Hrs) The global Automotive Wiring Harness Market Share size is expected to touch USD 93,074.4 million by 2023 owing to rising sales of cars. After interacting with industry experts, we also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. Who will be your Top Customer; what will make them switch? What are the main materials and components used in wiring harness? The summation of country-level market leads to the regional-level market in terms of value. The multiplication of application-specific wiring harness with the total vehicle production of a country helps estimate the automotive wiring harness market, by type (in 000/million units). Automotive Wiring Harness Market is expected to reach US$ XX Mn by 2024, expanding at a CAGR of XX from 2019 to 2024. GCC Automotive Wiring Harness Market Statistics - 2026 The GCC automotive wiring harness market was valued at $321.2 million in 2018, and is projected to reach $408.7 million by 2026, registering a CAGR of 2.9% from 2019 to 2026. Post author By [email protected] Post date November 23, 2020; Report Overview. The data was triangulated by studying various factors and trends from both the demand and supply sides of the automotive wiring harness market. Automotive Wiring Harness Market Size, Share & Industry Analysis, By Application Type (Body Wiring Harness, Engine Wiring Harness, Chassis Wiring Harness, HVAC Wiring Harness, Speed Sensor Wiring Harness), By Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles) Others and Regional Forecast, 2019-2026. Chassis wiring harness systems are also gaining vast prominence in the auto industry, owing to their wide application scope in components such as headlamps, fuel flaps, turn indicators, fog lamps and infotainment systems, among others. Market Dynamics Expanding purchaser disposable income levels, especially in developing countries of Asia Pacific, Latin America, and Eastern Europe, are relied upon to positively affect the market. Automotive Wiring Harness Market Share, Size, Growth, Opportunities and Forecast 2020 To 2025. How would the penetration of electric vehicles impact the market over the next five years? Manufacturers are shifting their focus on using technologically superior electric components in vehicle to provide standardized and high-quality safety systems to OEMs. ©2020 MarketsandMarkets Research Private Ltd. All rights reserved, Published Date: Nov 2019 | Report Code: AT 2837, Communication and Connectivity Technology, Coatings Adhesives Sealants and Elastomers, Automotive Electronics and Electrical Equipment, Construction Technology and Sustainability, ACCESS REsearch insights on KNOWN AND UNKNOWN ADJACENCIES ON Automotive Electronics and Electrical Equipment, Analytical and Scientific Instrumentation, Others (fuses, relays, corrugated tube, etc.). Within the automotive wiring harness market, although metallic wiring harnesses are set to have a higher market share and sales, the adoption of optical fibers, particularly plastic variants, is set to gain notable traction in the coming years. The bottom-up approach has been used to estimate and validate the size of the wiring harness market. Yazaki adopted the strategies of expansions and partnerships to retain its leading position in the automotive wiring harness market, whereas Sumitomo electric industries adopted partnerships as the key strategy to sustain its market position, Value (USD Billion) and Volume (Million Units), Category, ICE Vehicle Type, EV Type, Component, Application, EV Type & Application, ICE Vehicle Type & Application, Material Type, Transmission Type, 48V Architecture Vehicle, and Region, Asia Pacific, Europe, North America, and RoW. To know about the assumptions considered for the study, download the pdf brochure. Manufacturers are shifting their focus on using technologically superior electric components in vehicle to provide standardized and high-quality safety systems to OEMs. Furthermore, with industry dynamics evolving to a great extent, the market, in addition to other facets of the auto industry, is adapting to the paradigm change or “new normal” that is likely to prevail in the post-pandemic era, by investing heavily in risk mitigation techniques such as digitization in manufacturing and production operations. Growing automotive industry is one of the major factor increasing the demand for the automotive harness in the global market. Views: 1030 Author:Site Editor Publish Time: 2019-02-11 Origin:Site. The "Automotive Wiring Harness Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines. Global Automotive Wiring Harness Market is segmented By Vehicle Type (Two Wheelers, Passenger Cars, Commercial Vehicles), By Component (Electric Wire, Connectors, Terminals, Others), By Application (By Component, Body Wiring Harness, Engine Wiring Harness, Chassis Wiring Harness, HVAC Wiring Harness, Sensors Wiring Harness), and By Region (North America, Latin America, Europe, Asia … Monetary and other government subsidies, development of charging infrastructure, and increased fuel prices are likely to enhance the demand for BEVs. Metallic Wiring 11.12.2. The Automotive Wiring Harness Market is forecasted to reach USD XX million by 2026, registering a CAGR of xx% during the forecast period 2020 - 2026 . Automotive Wiring Harness Market Size And Forecast. Rising integration of electronic devices in vehicles has positively affected demand for automotive wiring harnesses. - 128) 14.1 Introduction 14.1.1 Research Methodology 14.1.2 Assumptions 14.1.3 Industry Insights 14.2 Total Harness in Electric Vehicle Types 14.3 Battery Electric Vehicle (BEV) 14.3.1 Chassis Harness 14.3.2 Body & Lighting Harness 14.3.3 HVAC Harness 14.3.4 Dashboard/Cabin Harness 14.3.5 Battery Harness 14.3.6 Seat Harness 14.3.7 Sunroof Harness 14.3.8 Door Harness 14.4 Hybrid Electric Vehicle (HEV) 14.4.1 Engine Harness 14.4.2 Chassis Harness 14.4.3 Body & Lighting Harness 14.4.4 HVAC Harness 14.4.5 Dashboard/Cabin Harness 14.4.6 Battery Harness 14.4.7 Seat Harness 14.4.8 Sunroof Harness 14.4.9 Door Harness 14.5 Plug-In Hybrid Electric Vehicle 14.5.1 Engine Harness 14.5.2 Chassis Harness 14.5.3 Body & Lighting Harness 14.5.4 HVAC Harness 14.5.5 Dashboard/Cabin Harness 14.5.6 Battery Harness 14.5.7 Seat Harness 14.5.8 Sunroof Harness 14.5.9 Door Harness 14.6 Fuel Cell Electric Vehicle (FCEV) 14.6.1 Chassis Harness 14.6.2 Body & Lighting Harness 14.6.3 HVAC Harness 14.6.4 Dashboard/Cabin Harness 14.6.5 Battery Harness 14.6.6 Seat Harness 14.6.7 Sunroof Harness 14.6.8 Door Harness, 15 Electric Vehicle Wiring Harness Market, By Transmission Type (Page No. Wiring harnesses bring together the wiring of myriad electronic and electrical devices into a single system, thus helping signal transmission and powering of these devices. Automotive Wiring Harness Market 2017 Industry Analysis, Growth, Size, Share, Trends, Forecast to 2022. - 50) 6.1 Introduction 6.2 Years Considered in the Study 6.3 Market Dynamics 6.3.1 Drivers 6.3.1.1 Rise in Vehicle Sales and Increase in Demand for Premium Vehicles 6.3.1.2 Rising Trend of Integrating Advanced Features 6.3.1.3 Growing Penetration of Electric Vehicles 6.3.2 Restraints 6.3.2.1 Corrosive Nature of Wiring Harness 6.3.2.2 Incorrect Wire Preparation, Staging, and Defects in Crimping Process 6.3.3 Opportunities 6.3.3.1 Growing Trend of Autonomous and Semi-Autonomous Vehicles 6.3.3.2 Enhanced Performance Related to Security and Safety 6.3.3.3 Demand for Lightweight Harness 6.3.4 Challenges 6.3.4.1 Fluctuating Cost of Copper Due to Increasing Demand 6.3.4.2 Vacillating Trend Synced Technological Demands From OEMs 6.4 Revenue Shift & New Revenue Pockets for Wiring Harness Suppliers 6.5 Automotive Wiring Harness Market, Scenarios for Ice Vehicles (20192027) 6.5.1 Automotive Wiring Harness Market, Most Likely Scenario 6.5.2 Automotive Wiring Harness Market, Optimistic Scenario 6.5.3 Automotive Wiring Harness Market, Pessimistic Scenario 6.6 Automotive Wiring Harness Market, Scenarios for Electric Vehicles (20182027) 6.6.1 Automotive Wiring Harness Market, Most Likely Scenario 6.6.2 Automotive Wiring Harness Market, Optimistic Scenario 6.6.3 Automotive Wiring Harness Market, Pessimistic Scenario 6.7 Average Selling Price (ASP) Analysis for Automotive Wiring Harness, By Region 6.7.1 Asia Pacific 6.7.2 Europe 6.7.3 North America 6.8 Average Selling Price (ASP) Analysis for Automotive Wiring Harness, By Application 6.8.1 Engine Harness 6.8.2 Chassis Harness 6.8.3 Body & Lighting Harness 6.8.4 HVAC Harness 6.8.5 Dashboard Harness 6.8.6 Battery Harness 6.8.7 Seat Harness 6.8.8 Sunroof Harness 6.8.9 Door Harness, 7 Automotive Wiring Harness Market, By Category (Page No. Global automotive wiring harness market stood at $ 46.27 billion and is expected to grow at a CAGR of over 7%, in value terms, on the back of growing demand for vehicles and inclination towards quality aspect of vehicles. The different wires connect different components of the automobile and carry energy to start the engine, power … - 48) 5.1 Asia Pacific is the Priority Market to Focus for Automotive Wiring Harness Suppliers 5.2 Companies Should Enhance Focus on Optical Fiber Wires for Future Applications 5.3 Missed Revenue Opportunities By Wiring Harness Manufacturers for Electric Vehicles 5.4 Conclusion, 6 Market Overview (Page No. 18.11.3 Asia Pacific 18.11.3.1 Spark Minda 18.11.3.2 Thb Group 18.11.3.3 Yura Corporation 18.11.3.4 Saison Electronics 18.11.3.5 Shenzhen Deren Electronics 18.11.3.6 Unity Harness Limited 18.11.4 Rest of the World 18.11.4.1 Hesto Harnesses 18.11.4.2 Brascabos, 19 Appendix (Page No. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Automotive Wiring Harness Market Worldwide Industry Share, Size, Gross Margin, Trend, Future Demand and Forecast till 2027. Automotive wiring harness caters safe and secure connections. Automotive Wiring Harness Market size will expand at a healthy CAGR through 2026 on account of growing demand for integration of advanced electronic safety functions in automobiles. Automotive Wiring Harness Market Introduction. Overview. In 2019, HEVs are estimated to hold a 62% share in sales of electric vehicles. Share . Yazaki adopted the strategies of expansions and partnerships to retain its leading position in the automotive wiring harness market, whereas Sumitomo electric industries adopted partnerships as the key strategy to susta… Sales of electric vehicles is the primary factor driving the market. Category: Automotive Industry Today | Subscribe to Automotive Industry Today Feed Published Mon, Sep 25th 2017. Based on vehicle type, the market is classified as heavy vehicles and lightweight vehicles. Primary data has been collected through questionnaires, emails, and telephonic interviews. Manufacturers of automobiles are focusing on wires which occupies less space and are lighter in weight. This, along with the in-house subject matter experts opinions, has led us to the findings as described in the remainder of this report. The MarketWatch News Department was not involved in the creation of this content. Automotive Wiring Harness Market Size, Share | Industry Analysis Report, 2020. The global Automotive Wiring Harness market accrued earnings worth approximately 69,743 (USD Million) in 2019 and is set to record a CAGR of about 5.5% over the period from 2020 to 2026. … COVID has undoubtedly negatively affect the auto production worldwide resulting in decreased sales for wiring harness manufacturers but China saw a V shaped recovery from April 2020. for the forecast year up to 2029. Automotive wiring harness is an electrical assembly of various components in a vehicle that transmits power and information to a single system. In addition to this, with the increasing penetration of luxury and autonomous cars, the demand for optical fibers is expected to increase further as these vehicles are introduced with advanced features that require high-speed data transmission. The report offers assessment and analysis of the automatic coffee machines market on a global and regional level. Market Dynamics- Drivers. Exhaustive secondary research was done to collect information such as wiring harnesses in each application, material, component, and upcoming trends in wiring harness. Global Automotive Wiring Harness Market is valued approximately at USD 81.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.10% over the forecast period 2020-2027. This research report categorizes the automotive wiring harness market based on category, component, application, EV type & application, ICE vehicle type & application, material type, transmission type, 48V architecture vehicle, and region. Additionally, number of new registrations per year is increasing throughout other emerging markets, especially in South-East India, which is serving as a positive growth environment for automotive wiring harness manufacturing … What is the scenario for wiring harness in 48V architecture vehicles? COVID19 IMPACT ON AUTOMOTIVE WIRING HARNESS MARKET. The automotive wiring harness market is expected to grow at a CAGR of 6.5% over the forecast period i.e. How will technological advancements impact the automotive wiring harness market? Need a Discount? Global automotive wiring harness market is anticipated to reach USD 93,074.4 million by 2023, as per a new detailed report by Market Research Future (MRFR). GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. The global automotive wiring harness market was valued for US$ 54,629.4 Mn in 2019 is expected to exhibit a CAGR of 8.9% during the forecast period. The automotive secondary wiring harness market has been segmented by application (cabin, door harness, engine, electronic parking brakes, airbag harness, electronic gear shift system), by vehicle type (ICE, EV). Several primary interviews have been conducted with market experts from Tier I suppliers of wiring harness across four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. Plastic Optical fiber 11.12.7. Among these, the aluminum segment is anticipated to dominate the automotive wiring harness market, due to use of aluminum in harness system, number of manufacturers are using aluminum to produce lightweight harness system which helps to reduce the vehicle weight and reduce in carbon dioxide emission. Chapter 3 Global Automotive Wiring Harness Market share 3.1 Major Production Market share by Players 3.2 Major Revenue (M USD) Market share by Players 3.3 Major Production Market share by Regions in 2019, Through 2024 3.4 Major Revenue (M USD) Market share By Regions in 2019, Through 2024 Chapter 4 Supply Chain Analysis 4.1 Industry Supply chain Analysis 4.2 Raw material Market … It is expected that this market will decline by less than 7% in 2020 YOY. Technavio has been monitoring the automotive engine wiring harness market and it is poised to grow by USD 112.18 million during 2020-2024, progressing at a CAGR of about 1% during the forecast period. Global Automotive Wiring Harness Testing Market is estimated to be valued US$ XX.X million in 2019. Automotive Secondary Wiring Harness Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023 | Automotive Secondary Wiring Harness Industry The Automotive Engine Wiring Harness Market will grow by $ 112.18 mn during 2020-2024 ... Share. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients. Given the rapid transition of auto mechanisms from mechanical to electronic systems, these automotive electronics are quickly becoming the core of automobile architecture. The secondary sources referred for this research study include industry organizations such as OICA, corporate filings (such as annual reports, investor presentations, and financial statements); databases such as Factiva, CrunchBase, Bloomberg; and trade, business, and automotive associations. Also, BEVs are being introduced with more user-friendly features because there is increased demand for comfort and luxury in passenger cars, leading to an increase in the number of wires in wiring harness. Our customers rely on us to produce accurate, reliable and timely information. The automotive wiring harness market size was valued at USD 48.42 billion in 2017, expanding at a CAGR of 6.2%. Automotive Wiring Harness market is expected to reach $73.4 billion by 2022 at a CAGR of 9.1% during the forecast period. Among different vehicles, passenger vehicle segment occupied major market share of the global automotive wiring harness market. Asia Pacific is anticipated to witness significant growth in the luxury car market. Rising demand for automotive vehicles worldwide is expected to drive growth of the global automotive wiring harness market during the forecast period - 100) Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Pacific, Europe, North America and RoW 11.1 Introduction 11.1.1 Research Methodology 11.1.2 Assumptions 11.1.3 Industry Insights 11.2 Data Transmission 11.3 Electrical Wiring, 12 Automotive Wiring Harness Market, By Ice Vehicle Type & Application (Page No. This report also offers the latest trends, size, share, and industry overview. In fact, Chinas luxury car sales have been so strong that leading luxury brands such as Lamborghini and Maserati witnessed their best year in terms of sales growth in 2016. Automotive Secondary Wiring Harness Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024 Report Code: AM 44730 Report Format: PDF + Excel (Delivery in 48 Hrs) Automotive wiring harness refers to an assembly of cables that transmit signals during electrical applications. It is estimated that automotive sales in the US, China and European markets may witness as much as 14-22% decrease in the year 2020, as a direct consequence of the ongoing pandemic. An automotive wiring harness is defined as an electrical assembly of several components in a vehicle that can transfer information and power to a single system. Automotive Wiring Harness Market Size, Share & Trends Analysis Report 2018-2025 . - 67)Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Pacific, Europe, North America and RoW 8.1 Introduction 8.1.1 Research Methodology 8.1.2 Assumptions 8.1.3 Industry Insights 8.2 Number of Harnesses in Each Application 8.3 Engine Harness 8.4 Chassis Wiring Harness 8.5 Body & Lighting Harness 8.6 HVAC Wiring Harness 8.7 Dashboard/Cabin Harness 8.8 Battery Wiring Harness 8.9 Seat Wiring Harness 8.10 Sunroof Wiring Harness 8.11 Door Wiring Harness, 9 Automotive Wiring Harness Market for Ice Vehicles, By Component (Page No. In addition to this, there is a high demand for vehicle access control in Asia Pacific. According to Verified Market Research, The Global Automotive Wiring Harness Market was valued at USD 82.83 Billion in 2018 and is projected to reach USD 128.34 Billion by 2026, growing at a CAGR of 5.60% from 2019 to 2026.. The automotive wiring harness market for new energy vehicles including the electric and hybrid vehicles have higher per unit cost due to the higher production cost of high voltage wiring harness assembly. With the given market data, MarketsandMarkets offers customizations in accordance with the companys specific needs. The global automotive wiring harness market grew at a CAGR of around 6% during 2014-2019. Rising integration of electronic devices in vehicles has positively affected demand for automotive wiring harnesses. Automotive Wiring Harness Market size will expand at a healthy CAGR through 2026 on account of growing demand for integration of advanced electronic safety functions in automobiles. Global automotive wiring harness market stood at $ 46.27 billion and is expected to grow at a CAGR of over 7%, in value terms, on the back of growing demand for vehicles and inclination towards quality aspect of vehicles. Press Release Automotive Wiring Harness Market By Value, Is Projected To Grow To USD 55.4 Billion By 2027 From USD 43.3 Billion In 2019, At A CAGR Of 3.1% Burgeoning popularity of sensors, including automated steering control systems and blind spot detection systems are projected to present lucrative opportunities for market expansion. Glass Optical fiber 11.12.6. At present, BEVs have achieved popularity on account of their capability to provide numerous societal, environmental, and … What is the penetration of data transmission and electric wires in ICE and electric vehicle wiring harness market? - 139)Note: The Chapter is Further Segmented at Regional Level and Regions Considered are Asia Pacific, Europe, and North America 15.1 Introduction 15.1.1 Research Methodology 15.1.2 Assumptions 15.1.3 Industry Insights 15.2 Data Transmission 15.3 Electrical Wiring, 16 Automotive Wiring Harness Market, By Region (Page No. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. Defend your Market Share or Win Competitors. Posted on December 2, 2020 December 1, 2020 Author admin Comment(0) Automotive Wiring Harness Market by Material Type (Copper, Aluminum & Others), by Transmission Type (Data Transmission, Electrical Wiring), by Vehicle Type (Two Wheelers, Passenger Cars, Commercial … Aluminum 11.12.4. What would be the application-wise demand for wiring harness in coming years? Store. tweet; Acute Market Reports’s latest report on the “Automotive Wiring Harness” market provides in-depth understanding of competitive analysis, 2017 to 2025 market forecast, and market trends and sizes. In North America, the U.S. is estimated to dominate the automotive wiring harness market, accounting for over 80.0% value share of the overall market by the end of 2015. The automotive secondary wiring harness market has been segmented by application (cabin, door harness, engine, electronic parking brakes, airbag harness, electronic gear shift system), by vehicle type (ICE, EV). The largest companies such as Yazaki, SY System Tech, Leoni and Furukawa have been several times penalized for controlling market prices in North America and Europe. Automotive Wiring Harness Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2024 Report Code: AM 56448 Report Format: PDF + Excel (Delivery in 48 Hrs) Market Overview. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework. Losers 17.6.1 Winners 17.6.2 Tail-Enders/Losers 17.7 Competitive Scenario 17.7.1 New Product Developments/Launches 17.7.2 Expansion 17.7.3 Acquisition 17.7.4 Partnerships/Contracts, 18 Company Profiles (Page No. During the assessment period ( 2017-2023 ) the country-level automotive wiring harness market of electric vehicles is penetration!, there is a high demand for high-speed data transmission from vehicle manufacturers is the... Strategic framework cars is anticipated to witness significant growth in the global automotive wiring harness grew. 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