Global Automotive Wiring Harness Market to Grow by USD 12286.48 mn through 2023-2027
The Global Automotive Wiring Harness Market is forecasted to witness a humongous growth of USD 12,286.48 million in revenue between 2022 and 2027 accelerating at a CAGR of 4.68%. Our market report captures the growth trajectory of the market and is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
When it comes to market segmentation it can be categorized on the basis of by application (chassis, engine, HVAC, sensors, and body), vehicle type (passenger vehicles and commercial vehicles), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
Automotive Wiring Harness Market at a Glance
Navigating through the market growth of the Automotive Wiring Harness Market it has been observed that
Technological advancement has made Electronics a crucial part of modern electric vehicles and the increased need for electronics in EVs is fueling the automotive wiring harness market in vehicle manufacturing. The rising demand for fuel efficiency, emission reduction, and advanced safety systems is pushing the growth of automotive electronics
"As per Technavio's analyst, The average usage of wiring harnesses in modern vehicles is around 100-140 lb and is increasing annually, leading to revenue generation for the market."
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Vendor Analysis: Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem.
For example, Yazaki Corp. offers an automotive wiring harness that is the conduit for the transmission of these signals and electrical power to ensure the safety and basic functions of a vehicle as its key offerings.
Market leaders worth mentioning names include Aptiv, Assembly Solutions Ltd., Coroplast Fritz Muller GmbH and Co. KG, Cypress Holdings Ltd. dba Cypress Industries, Eugen Forschner GmbH, Fritz Draxlmaier GmbH and Co. KG, Fujikura Co. Ltd., Furukawa Electric Co. Ltd., Kromberg and Schubert Automotive GmbH and Co. KG, Lear Corp.Order a free sample report today.
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