India Automotive Wiring Harness Market 2022-2027 | Growth, Trends, Share, Size and Analysis
According to the latest report by IMARC Group, titled, “India Automotive Wiring Harness Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The India automotive wiring harness market is expected to exhibit a CAGR of 5.09% during 2022-2027.
An automotive wiring harness is an organized set of wires, connectors, and terminals that transfer information and electric power to various components. It comprises fuses, grommets, outer coverings, insulators, relays, strain relief, terminals, cable wires, and locks. It is designed as per the electrical and geometrical requirements of a vehicle and helps secure the individual components against the adverse effects of vibrations, abrasions, and moisture. It also aids in optimizing the space and reduces the risk of electrical short circuit by constructing a non-flexible bundle. At present, the automotive wiring harness is used in heating, ventilation, and air conditioning (HVAC) systems and sensors in two-wheelers, passenger cars, and commercial vehicles across India.
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India Automotive Wiring Harness Market Trends and Drivers:
Favorable laws implemented by the Government of India (GOI) is encouraging automobile manufacturers to use advanced technologies to prevent high emission levels in vehicles. This, in turn, is increasing the production and sales of hybrid electric vehicles (HEVs) and strengthening the market growth in India. In addition, deploying a wiring harness system improves the fuel efficiency of the vehicle system, which is positively influencing the market in the country. Moreover, inflating disposable incomes and rising standards of living of individuals are propelling the demand for automated features in vehicles, which is catalyzing the demand for the automotive wiring harness. Apart from this, key market players are focusing on introducing superior grades of components in the system that enhance high-temperature resistance.
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
India Automotive Wiring Harness Market 2022-2027 Competitive Analysis and Segmentation:
The report has segmented the market based on application, material type, transmission type, vehicle type, category and component.
Breakup by Application:
- Body Wiring Harness
- Engine Wiring Harness
- Chassis Wiring Harness
- HVAC Wiring Harness
- Sensors Wiring Harness
- Others
Breakup by Material Type:
- Copper
- Aluminum
- Others
Breakup by Transmission Type:
- Data Transmission
- Electrical Wiring
Breakup by Vehicle Type:
- Two Wheelers
- Passenger Cars
- Commercial Vehicles
Breakup by Category:
- General Wires
- Heat Resistant Wires
- Shielded Wires
- Tubed Wires
Breakup by Component:
- Connectors
- Wires
- Terminals
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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