Wire Harness Market Outlook Highlights Major Opportunities by 2021

 Wire Harness Market: Introduction

  • Wire harness is closely packaged wires and data circuits that function as the central structure of a vehicle.
  • Manufacturers are producing automobiles equipped with various electronics and electronic systems to ensure security and basic functions of wire harness such as going, turning, and stopping, as well as provide convenience and comfort. This system operates using control signals running on electrical power supplied from the battery.
  • The wire harness is the channel for the transmission of these signals and electrical power.

Wire Harness Market Dynamics

  • The rapid growth in demand for hybrid and electric vehicles has significantly contributed to the growth of the wire harness market.
  • Increasing production and sale of vehicles, and trend of integrating advanced features in the vehicles fuels the demand for wire harnesses, thus encouraging the growth of the market.
  • Moreover, growing trend of electrification of vehicles and rising emphasis on safety solutions of vehicles are major factors driving the growth of the market.
  • Governments and consumers are showing keen interest on safety solutions of electric vehicles due to increasing number of accidents across countries. This in turn is expected to boost the adoption rate of wire harness, thus encouraging the growth of the market.
  • However, durability and reliability issues associated with incorporation of wire harness in electric vehicles is expected to limit the growth of the market in the upcoming years.
  • Moreover, high cost of advanced technology equipment for automotive applications is another key factor likely to restrain the growth of the market.

To understand how our report can bring difference to your business strategy, Ask for a brochure

wire harness market

Wire Harness Market: Segmentation Analysis

  • Based on vehicle type, the global wire harness market can be bifurcated into passenger cars and commercial vehicles.
  • Passenger cars segment is expected to hold major share of the wire harness market during the forecast period. The growing sales of passenger cars across the globe has contributed to the extensive growth of the wire harness market.
  • Based on wire type, the global wire harness market can be segmented into copper and aluminum.
  • Based on application, the global wire harness market can be divided into powertrain; comfort, convenience, and entertainment; safety and security; and body wiring.
  • The powertrain segment accounted for the largest share in 2018. This application segment is projected to maintain its dominance in the global market throughout the forecast period due to the increasing demand for electric and hybrid vehicles in the automotive industry across the globe.

Asia Pacific to Lead the Global Market for Wire Harness

  • In terms of region, the global wire harness market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • Asia Pacific is likely to witness the maximum demand for wire harnesses from 2019 to 2027 followed by North America and Europe. The Asian countries including China and India are experiencing a significant growth in demand  for wire harness due to increasing application of wire harness in the exponentially expanding automotive sector.
  • Significant technological advancement in automotive electronics and rise in production rate of automobiles are driving the growth of the market in Asia Pacific.

Request a TOC of the report at https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=74033

Key Manufacturers Operating in the Market

The global wire harness market was moderately concentrated in 2018 with presence of few established market players who occupied prominent share in the market. These wire harness manufacturers are offering wire harness for various applications in different industries such as automotive, medical and telecom industries. These vendors are adopting advanced business strategies and technologies to produce innovative products and try to sustain in this competitive environment. Key manufacturers operating in the global market are:

  • Aptiv PLC
  • Furukawa Electric Co., Ltd.
  • THB Group
  • Yazaki Corporation
  • Sumitomo Electric Industries, Ltd.

Global Wire Harness Market: Research Scope

Wire Harness Market, by Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

Wire Harness Market, by Wire Type

  • Copper
  • Aluminum

Wire Harness Market, by Application

  • Powertrain
  • Comfort, Convenience, and Entertainment
  • Safety and Security
  • Body Wiring

Global Wire Harness Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Buy Exclusive Report here https://www.transparencymarketresearch.com/checkout.php?rep_id=74033&ltype=S

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhocreports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key tohelp enterprises reach right decision.”

Contact

Transparency Market Research

State Tower,

90 State Street,

Suite 700,

Albany NY – 12207

United States

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

 
 

Comments

Post a Comment

Popular posts from this blog

Automotive Camshaft Market By Characteristics, Analysis, Opportunities And Forecast To 2027

Image
  Camshaft Market: Introduction According to the report, the global automotive camshaft market is projected to surpass ~ US$ 27 Bn by 2027 , expanding at a CAGR of ~3% during the forecast period. Asia Pacific and Latin America are anticipated to witness high growth in vehicle production and subsequently, estimated to boost the camshaft market during the forecast period. Expansion of Camshaft Market Increased adoption of double overhead camshaft (DOHC) engines in order to achieve more power is expected to drive the camshaft market. The DOHC type engine utilizes two camshafts per cylinder block, i.e., 2 camshafts in an inline engine and 4 camshafts in v engine. Increase in the number of camshafts per engine, owing to a rise in the demand for DOHC engine is projected to drive the camshaft market. The expansion of the automotive industry in developing countries such as China, India, Brazil and Mexico is boosting the camshaft market. Vehicle sales are expected to improve in Europe post t
Read more

Beverage Cans Market By New Business Developments, Emerging Trends, Innovations And Top Companies – Forecast To 2027

Image
  A beverage can is a container, specifically designed to hold liquids such as carbonated drinks, fruits and vegetables juices, flavored drinks, beer, and ready-to-drink teas and coffees. These cans are made from steel, plastic, or aluminum. Aluminum is extensively used to manufacture beverage cans, as it is sustainable and can be recycled without compromising the strength or quality. Beverage cans have a large printable surface area, which is not generally possible with other packaging formats. Use of high-definition printing and bold colors on aluminum cans attract consumer interaction with the package. Beverage cans are preferred for their convenience, lightweight, and portability and are ideal for active lifestyles, as they do not break easily. Moreover, aluminum beverage cans chill faster than other materials and provide barrier against light and oxygen, which can affect the flavor and freshness of the beverage. The global beverage cans market is anticipated to expand at a rapid p
Read more

Multifactor Authentication Market 2020 Opportunities, Future Guidelines, Value Chain Forecast To 2027

Image
The growing need for security across digital platforms has generated humongous demand within the global  multi-factor authentication market . However, digital platforms alone do not account for expansion within this market. Several physical security systems also deploy multi-factor authentication nodes to protect key assets, people, and equipment. Therefore, the growing relevance of multi-factor authentication within various industries shall fetch key revenues for the market vendors. The essence of physical and cyber security lies in creating multiple layers to protect the concerned assets. Therefore, multi-factor authentication has emerged as a launch pad for fostering greater security across various industries. The total volume of revenues within the global multi-factor authentication market is set to touch new heights in the coming times. Transparency Market Research (TMR), in one of its reports, finds that the global multi-factor authentication market would accumulate revenues
Read more