According
to a new market report published by Transparency Market Research
“Automotive Wiring Harness Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2021,” the market was
valued at USD 45.40 billion in 2014, which is expected to reach USD
80.50 billion by 2021, growing at a CAGR of 8.6% from 2015 to 2021.
Browse
the full Automotive Wiring Harness Market Report at
http://www.transparencymarketresearch.com/automotive-wiring-harness-market.html
Increasing
GDP and technological upgradation are the major factors responsible
for the rise in demand for automotive wiring harness market globally.
Based on the types of vehicle, automotive wiring harness market is
segmented into light vehicles and heavy vehicles. Further, by
application, the automotive wiring harness market has been
sub-divided into chassis wiring harness, HVAC wiring harness, engine
wiring harness body wiring harness and speed sensors wiring harness.
Light
vehicles dominated the market share of the automotive wiring harness
market followed by heavy vehicles. Due to low maintenance and better
fuel combustion, the light vehicles are expected to increase during
the forecast period. Moreover, the light vehicles segment includes
passenger cars, LCV and LUV. Increase in GDP and high consumption
expenditure in Asia Pacific is driving the automotive market. This
results in increased demand for automotive wiring harness as modern
vehicles require safety features and advanced electronic devices
which increases the demand for wires and cables used in vehicles.
India is the prime market for light vehicles in Asia Pacific followed
by China. In addition, government norms and regulations implemented
for vehicle safety are expected to increase demand for the automotive
wiring harness as the safety regulations will increase installation
of safety devices in vehicles which requires usage of body wiring
harness.
automotive-wiring-harness-market
In
2014, Europe led the automotive wiring harness market. The presence
of automobile manufacturers such as Mercedes Benz, BMW, and Audi
among others in Europe is driving the market in this region as it
creates an exponential demand for premium passenger cars. These
premium passenger cars are fitted with modern electronic devices for
safety and navigation which drive the market for automotive wiring
harness. However, Asia Pacific is the most attractive market for
automotive wiring harness due to installation of safety and
navigation devices in vehicles which requires body wiring harness and
speed sensors wiring harness. Moreover, implementation of government
regulations for vehicle safety is also driving the growth of the
automotive wiring harness market in this region as car safety
instruments requires speed sensors wiring harness.
THB
Group, Minda Automotive Solution, Nexans Autoelectric, Leoni Ag,
Delphi Automotive LLP, Samvardhana Motherson Group, Sumitomo Electric
Industries, Yazaki Corporation, Furukawa Electric Co. Ltd and Lear
Corporation are among some of the key players in the automotive
wiring harness market.
Browse
the full Press Release :
http://www.transparencymarketresearch.com/pressrelease/automotive-wiring-harness-market.htm
The
market has been segmented as follows:
Global
Automotive Wiring Harness Market: By geography
North
America
Europe
Asia
Pacific
Rest
of the World
The
report provides a cross-sectional analysis of all the below segments
with respect to the above mentioned regions.
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
Request
a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4179
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Us
Transparency
Market Research (TMR) is a global market intelligence company,
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Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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