Global Vehicle Wiring Harness Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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2093
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May 2023
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160
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This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Vehicle Wiring Harness Market Overview
"The Vehicle Wiring Harness Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Wire harnesses are an assembly of electric cables used for the transmission of electric signals and electric power in a vehicle. Wire harness are commonly used in vehicles for body wiring, chassis wiring, engine wiring, and HVAC wiring.
A major factor driving the growth of the global vehicle wiring harness market is the rapidly growing automotive sector. In addition, the increasing adoption of high-end electronics in vehicles and the increasing demand for wire harnesses in electric vehicles are other major factors driving the growth of the global vehicle wiring harness market. Vehicle wiring harnesses provide optimum utilization of space and delivers reliable & secure connection between various systems. These are other factors expected to propel the growth of the global vehicle wiring harness market over the forecast period.
However, high maintenance costs and high raw material prices are major factors hampering the growth of the global vehicle wiring harness market. In addition, the development of recyclable and high voltage capacity wiring harness systems can create potential business opportunities for key players in the global vehicle wiring harness market.
Asia Pacific is expected to witness significant growth in terms of revenue and is expected to register a CAGR of X.X% during the forecast period. This growth can be attributed to rising automotive demand in this region. The market in Europe is expected to witness the fastest growth rate over the forecast period, owing to rising vehicle manufacturing capacity and authorizing of new vehicle assembly plants in countries in the region.
Global Vehicle Wiring Harness Market Segmentation:
Global vehicle wiring harness market segmentation by vehicle type:
- Two-wheelers
- Passenger cars
- Commercial vehicles
Global vehicle wiring harness market segmentation by application:
- Body wiring harness
- Engine wiring harness
- Chassis wiring harness
- Heating, Ventilation, and Air Conditioning (HVAC) wiring harness
- Sensors wiring harness
Global vehicle wiring harness market segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Delphi Automotive LLP
- Furukawa Electric Co. Ltd.
- Sumitomo Electric Industries, Ltd.
- Lear Corporation
- Henan Thb Electric Co., Ltd.
- Spark Minda Ashok Minda Group
- Nexans autoelectric GmbH
- Yazaki Corporation
- Yura Corporation
- Fujikura Ltd.
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