October 13, 2021 10:08 pm
Automotive Wiring Harness Market 2021 Development Strategy, Competitive Landscape and Regional Forecast to 2027
By Prashant Tambe
The Automotive Wiring Harness Market accounted to US$ 47.08 Bn in 2018 and is expected to grow at a CAGR of 4.27% during the forecast period 2019 – 2027, to account to US$ 68.18 Bn by 2027. Increases are expected in all the major production regions, while the North America and Asia Pacific are likely to perform more dynamically than the European region. Get Sample Copy of this Report at @ https://www.theinsightpartners.com/sample/TIPTE100000611 Market Insights Rapid rise in vehicular population as a result of rising disposable incomes As per the automobile associations, the global vehicular population had crossed 1 billion mark in the year 2010 itself which was driven by the aggressive growth rates in India and China in that fiscal year. The rise in the sales of vehicles and in particular passenger cars can be attributed to the steady increase in the disposable incomes of consumers. Developing economies witnessed a steady growth in the post-recession era and thus there was rise in the disposable incomes by consumers. Globally, the trend of urbanization is growing at an exponential growth rate. Due to this, the average disposal income of the population staying in urban cities is also increasing, allowing them to enhance their lifestyles. The latest research report on the “Automotive Wiring Harness Market – Industry Analysis, Market Size, Opportunities and Forecast, 2021 – 2027” provides a comprehensive assessment of the Automotive Wiring Harness market for the forecast period from 2021 to 2027, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Automotive Wiring Harness market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Automotive Wiring Harness Market in order to help decision makers with various strategic insights and future outlook. The Automotive Wiring Harness market is expected to witness continued growth during the forecast period from 2021 to 2027. Key Players in the market are:
- Sumitomo Electric
- Lear Corporation
- Delphi Automotive PLC (Aptiv)
- Yazaki Corporation
- Furukawa Electric Co.
- Fujikura Automotive
- Samvardhana Motherson Group
- Leoni AG
- Minda Spark
- Light Commercial Vehicle
- Medium & Heavy Commercial Vehicle
- Auxiliary Harness
- ICE Harness
- Others (AC/DC charging, high voltage auxiliaries, traction, 3-phase)
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the global Automotive Wiring Harness market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.