Wiring harness also known as cables harness, wiring assembly, cable assembly or wiring loom, is a wiring network which transmits electrical energy or signals to different parts of an automobile. An automotive wiring harness is an assembly of electrical wires, connectors and other parts, or an electrical wiring system, used to transfer information and energy in automobiles. The role of wiring harness is to electrically connect electronic devices and electrical components mounted in automotive and machines, such as copiers, for the transmission of information and power.
Global automotive wiring harness market report starts with the overview of the wiring harness market displaying a promising CAGR of 8.96% between 2014 and 2020. The global automotive wiring harness market is estimated to reach a market value of US$ 70 Billion, In the next section, segment analysis of global automotive wiring harness is done.
The global automotive wiring harness market is split into three components:
The section additionally includes analysis of key trends, drivers and restraints from the supply, demand and economic side which are influencing the global automotive wiring harness market. The above three components evaluate the present scenario and the growth prospects of automotive wiring harness for the period 2014-2020.
On the basis of vehicle type, automotive wiring harness market is segmented into:
Increasing demand from infrastructure development sector is expected to drive growth in demand for commercial vehicles. However the demand for commercial vehicle wiring harness is expected to remain sluggish over the forecasted period. The period from 2014 to 2020 is anticipated to see an above average growth rate in the passenger vehicle wiring harness segment. This is due to increase in demand for passenger cars and introduction of various safety and electronic features. Passenger vehicle wiring harness segment is expected to dominate the market for a longer period of time. Reduced greenhouse gases and lower emission rates are the key factors driving the electric and hybrid wiring harness market.
On the basis of application, automotive wiring harness market is segmented into:
Automotive manufacturers have begun to equip the vehicles with multiple sensing devices such as meter sensors, pressure sensors, speed sensors which provides features such as reliability and safety that are the key demands of the customers. Chassis segment will have the largest market share and is expected to hold its position till 2020. This is mainly due to the growth in global automotive market along with technological upgrades. APAC region serves as a major attraction for the HVAC wiring harness market, mainly due to increase in the disposable income of customers and expansion of middle class in the region.
The next section of the report highlights global automotive wiring harness market by regions. It provides a market outlook for 2014-2020 and sets the forecast within the context of the automotive wiring harness market including the regions:
The study discusses the key regional trends contributing to the growth of automotive wiring harness market on a worldwide basis, as well as analyses the degree at which global drivers are influencing this market in each region.
In the final section of the report, global automotive wiring harness market competitive landscape is included to provide report audiences with a dashboard view. This section is primarily designed to provide specific clients with an objective & detailed comparative assessment of key market players. Key information of the market players covered are company overview, recent developments of the company and current business strategies.
Market competitors covered in the report are:
Report audience can gain segment- specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the automotive wiring harness marketplace.
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