Automotive Wiring Harness Market Strategies and Forecasts, 2016 to 2021

Automotive wiring harness market was estimated to be at USD 42.70 billion in 2016 and projected to reach USD 61.30 billion by 2021, at a CAGR of 7.5%.

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The key players in the Automotive Wiring Harness Market include – Sumitomo Electric Industries (Japan), Lear Corporation (U.S.A.), Delphi Automotive PLC (U.K.), Yazaki Corporation (Japan), Furukawa Electric Company (Japan), Samvardhana Mothers on Group (India), Leoni AG ( Germany), PKC Group (Finland), THB group (China), Minda Automotive, Yura Corporation, Kromberg &Schubert.

Increasing complexity in vehicles along with rising intrusion of electronics is driving the demand for automotive wiring harness. As a result, the automotive wiring harness market has shown immense growth in developing countries such as India, China, and Middle East.

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Asia-Pacific region is estimated to grow at the highest CAGR, by value, over the projected period from 2016 to 2021. High volume markets and increase in demand for high-end electronic and safety features in passenger cars makes Asia-Pacific the largest regional market for automotive wiring harness. Also, upcoming legislation for safety technologies in developing countries is a major factor that will drive this market.

Chassis harness is the largest segment in wiring harness market owing to the complex installations in the instrument panel of passenger cars. The increased installation rate of high-end electronics in passenger cars increases the complexity in the cables of the system. This factor drives the demand of chassis harness, which is responsible for the largest share in the automotive wiring harness market.

Light vehicle segment was estimated to grow at the highest CAGR and is projected to account for the highest market share in terms of sales. Increased production of passenger cars will drive the wiring harness market for light vehicles.

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Target Audience:

• Automobile Manufacturers
• Automotive Wiring Harness manufacturers
• Automotive Wires and Cables Manufacturers
• Automotive Component Manufacturers
• Wiring Harness Design Companies
• Automobile Organizations/Associations
• Wiring Harness Component Suppliers
• Raw Material Suppliers for Wiring Harness Systems/Components
• Traders and Distributors of Wiring Harness Systems
• Tier 1, Tier 2, and Tier 3 suppliers
• Distributors and suppliers of automotive components/parts

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The report segments the automotive wiring harness market and forecasts its size, by volume and value, on the basis of region (Asia-Pacific, Europe, North America, and RoW), By Application (Chassis Harness, Body harness, Engine Harness, HVAC Harness And Speed Sensors harness), By electric vehicle type (BEV,HEV and PHEV), and by Vehicle Type (Light Vehicles & Heavy Vehicles). Qualitative analysis for by material is also provided.

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