Global Automotive Wiring Harness Market Current Sales Analysis, Growth Segments, Leading Regions with Top Countries Data 2029

[akash Arjun pingale]

Global Automotive Wiring Harness Market: size was valued at USD 47.2 Bn. in 2021 and the total revenue is expected to grow at 4.8% of CAGR through 2022 to 2029, reaching nearly USD 68.68 Bn.

Global Automotive Wiring Harness Market Overview: 

The Global Automotive Wiring Harness Market study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the global industry. The scope of the research includes a thorough investigation of the Global Automotive Wiring Harness Market, as well as the reasons for variations in the industry's growth in various locations.

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Market Scope:

This market report makes extensive use of secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and other databases, to discover and collect excerpts acceptable for this study.

Global Automotive Wiring Harness Market Dynamic:

The growing awareness of the importance of safety and security has increased the demand for driver assist technologies (ACC, BSD, AFL, and LKA) that integrate advanced features in vehicles. Furthermore, vehicle manufacturers must adhere to safety regulations and include features such as airbags. Passive safety features have been mandated by the Bharat New Vehicle Safety Assessment Programme (BNVSAP). For example, starting in July 2019, standard fitment for driver-side and front passenger-side airbags was mandated for all new models starting in April 2021 and all existing models starting in September 2021 in India. Automatic emergency braking systems are expected to be standard in vehicles in the United States by 2022, according to the NHTSA (National Highway Traffic Safety Association). The incorporation of multimedia and security systems has increased the rate of installation of wiring harnesses.

Global Automotive Wiring Harness Market Segmentation: 

Based on components, the market is segmented into electric wires, connectors, terminals and others, the terminal segment held a significant share in 2021 and is expected to be the fastest-growing market. Wiring harness terminals are the components where the wire ends or connects to other components. The type of terminal required, like wiring harness connectors, depends on the intended application and can vary in shape, size, and insulation requirements. When protection from temperature, moisture, or environmental conditions is not required, non-insulated terminals are a more cost-effective option.

Wires, wiring harness connectors, and terminals are the three main components of a wire harness. There are various terminal and wiring connector types available depending on the intended environment. Wire harnesses are commonly used in applications such as electronics, aerospace, medical, automotive, and military hardware. Wire harnesses, the third component, can be used to protect and organize almost any wire type, including discrete (lead) wires, multi-conductors, solid and stranded cables, hook-ups, and more.

Global Automotive Wiring Harness Market Key Players:

• Aptiv PLC
• Delphi Automotive LLP
• Furukawa Electric Co. Ltd.
• Sumitomo Electric Industries, Ltd.
• Lear Corporation
• THB Group
• Samvardhana Motherson Group
• Nexans
• AutoelectricYazaki Corporation
• Yura Corporation
• Leoni Ag
• Fujikura Ltd
• QINGDAO SANYUAN GROUP
• PKC Group
• Minda Spark
• Devise Electronics Pvt. Ltd.
• The Harness Connection
• EMDEP TestBoards

The entire method entails an examination of the key market players' financial reports. Following the assessment of the overall market size, the market was segmented into several segments and sub-segments and validated by key industry professionals such as CEOs, VPs, directors, and marketing executives. The biggest players in the Global Automotive Wiring Harness market are as follows:

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Regional Analysis:

The regional overview of the Global Automotive Wiring Harness market analysis also contains individual market influencing variables and changes in market regulations that affect current and future market trends. Current and future trends are reviewed to evaluate the overall market potential and to identify profitable trends to get a more solid footing. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Global Automotive Wiring Harness Market:

End-user industries where Global Automotive Wiring Harness are utilized had a drop in growth from January to May in some countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant fall in the revenues of businesses operating in these industries and, as a result, in demand for Global Automotive Wiring Harness manufacturers, impacting the Global Automotive Wiring Harness market's growth in 2020. With lockdowns and an increase in COVID-19 instances throughout the world, end-user business demand for Global Automotive Wiring Harness has declined dramatically.

Key Questions Answered in the Global Automotive Wiring Harness Market Report are: 

• Which segment had the largest share in the Global Automotive Wiring Harness market in 2021?
• What is the competitive landscape of the Global Automotive Wiring Harness market?
• Which are the key drivers aiding the Global Automotive Wiring Harness market growth?
• Which region has the maximum share in the Global Automotive Wiring Harness market?
• What will be the CAGR of the Global Automotive Wiring Harness market during the forecast period (2022-2027)?

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