Automotive Secondary Wiring Harness Market | Recovery and Growth Projections
2022-2026
Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Minda Corp. Ltd., Motherson Sumi Systems Ltd., Nexans autoelectric GmbH, Sumitomo Electric Industries Ltd.,
Global automotive secondary wiring harness market is expected to post an incremental growth of $ 8.02 billion, decelerating at a CAGR of 13.18% during the forecast period. This research provides a detailed analysis of the market segments and geographic landscape. It also offers insights into the various growth factors and challenges that are likely to have a negative impact on market growth. This thorough research will equip clients with the insights necessary to plan and strategize a post-pandemic recovery plan.
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Automotive Secondary Wiring Harness Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Application (Sensors and HVAC) and Geography (APAC, Europe, North America, South America, and MEA). The sensors segment will offer significant growth during the forecast period.
- 58% of the market growth will originate from APAC during the forecast period.China, Japan, and South Korea (Republic of Korea) are the key markets for the automotive secondary wiring harness market in APAC. Market growth in this region will be faster than the growth of the market in rest of the regions due to the rise in production and sale of automobiles in APAC.
- This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Automotive Secondary Wiring Harness Market size.
Automotive Secondary Wiring Harness Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Increasing demand for battery electric vehicles (EVs) will be a significant factor in driving the growth of the Automotive Secondary Wiring Harness Market. These vehicles use all-electric powertrains systems and components, which will drive the growth of the market in focus during the forecast period.
- Increasing demand for advanced safety systems in vehicles will be instrumental in driving market growth during the forecast period.
- Stringent regulatory norms and standards for automotive wiring will challenge business growth. However, once streamlined this can also be a distinguishing factor that may drive growth for products that make the cut.
Automotive Secondary Wiring Harness Market: Vendor Analysis
- The market is fragmented.
- Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Minda Corp. Ltd., Motherson Sumi Systems Ltd., Nexans autoelectric GmbH, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., and YURA Corp. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Automotive Secondary Wiring Harness Market Split by Application
- Automotive Secondary Wiring Harness Market Split by Geography
- APAC
- Europe
- North America
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Fujikura Ltd.
- Furukawa Electric Co. Ltd.
- Leoni AG
- Minda Corp. Ltd.
- Motherson Sumi Systems Ltd.
- Nexans autoelectric GmbH
- Sumitomo Electric Industries Ltd.
- Tianhai Auto Electronics Group Co. Ltd.
- Yazaki Corp.
- YURA Corp.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will decelerate at a CAGR of 13.18%.
- What is the incremental growth of the market?
The market is expected to grow by $ 8.02 bn through 2022-2026.
- What is a key factor driving this market?
Increasing demand for battery electric vehicles will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
58% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Minda Corp. Ltd., Motherson Sumi Systems Ltd., Nexans autoelectric GmbH, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., and YURA Corp.
- What are the market segments covered in this report?
The market is segmented by Application (Sensors and HVAC) and Geography (APAC, Europe, North America, South America, and MEA)
