Market Highlights:
Global Automotive Secondary Wiring Harness Market is expected to expand at a CAGR of over 11% during the forecast period.
In the automotive industry, various technologies have evolved tremendously in recent years has led to an increase in the number of complex and high-end electric & electronic systems used in vehicles. The installation rate of secondary wiring harnesses in a vehicle has increased due to technologies such as advanced infotainment systems and safety & security systems. Hence, the rising inclination for high-end electronics is driving the demand for secondary wiring harnesses.
There is a rising demand for innovation in the automotive secondary wiring harness market. In the production of automotive wiring harnesses, a very low level of automation is being used. This contributes almost 50% of the labor cost of the automobile. Innovation in the automotive secondary wiring harness market is being majorly driven by the increase in need for weight reduction, production cost optimization including labor and material cost and rise in demand for connected vehicles. Furthermore, the introduction of stringent governmental regulations for ensuring the safety of passengers and controlling vehicular emissions is leading to an increase in need for designing lighter vehicles, which are capable of meeting the safety standards.
Recycling of wiring harnesses has driven major automotive manufacturers to work with automotive dismantlers to recycle the used copper. Although the percentage of recycled wires is currently low, copper recycling is expected to witness significant growth due to the growing demand for copper-based wires.
Based on application, the market segments are cabin, door harness, engine, electronic parking brakes, airbag harness, and electronic gear shift system. The cabin segment is further categorized into infotainment, lighting, seat harness, and steering wheel harness. However, segments such as door handle harness, power door lock harness and power mirror are further classifications of door harness.
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Recycling of wiring harness has driven major automotive manufacturers to work with automotive dismantlers to recycle the used copper. Although the percentage of recycled wires is currently low, copper recycling is expected to witness significant growth due to the growing demand for copper-based wires.
Based on application, the market segments are cabin, door harness, engine, electronic parking brakes, airbag harness, and electronic gear shift system. The cabin segment is further categorized into infotainment, lighting, seat harness, and steering wheel harness. However, segments such as door handle harness, power door lock harness and power mirror are further classifications of door harness.
Key Players
The key players in the Automotive Secondary Wiring Harness market are Sumitomo Electric Industries, Ltd. (Japan), Lear Corporation. (US), Aptiv PLC (UK), Yazaki Corporation. (Japan), and Furukawa Electric Co., Ltd. (Japan), Nexans (France), Samvardhana Motherson Group. (India), Leoni AG (Germany), THB Group. (China), and Spark Minda, Ashok Minda Group (India) are amongst the other important players in this market.
Market Segmentation -
This study provides an overview of the Global Automotive Secondary Wiring Harness Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive secondary wiring harness market by its Application, Vehicle Type and Region.
By Application
- Cabin (Interior)
- Infotainment
- Lighting
- Seat Harness
- Steering Wheel Harness
- Door Harness
- Door Handle Harness
- Power Door Lock Harness
- Power Mirror
- Engine Harness
- Airbag Harness
- Electronic Gear Shift System
- Electronic Parking Brakes
By Vehicle Type
- ICE
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- EV
- HEV
- BEV
- PHEV
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
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Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
Related Blogs Links -
https://marketfuture2022.blogspot.com/2022/02/automotive-grille-market-outlook-and.html
https://sites.google.com/view/automotive-grille/home
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