Automotive Secondary Wiring Harness Market is predicted to expand at approximately 10.2%

Automotive Secondary Wiring Harness Market is predicted to expand at approximately 10.2%

Pune, India, June, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on global automotive secondary wiring harness market. The automotive secondary wiring harness market is expected to expand at CAGR of over 10.2% during the period 2023 to 2032.


Market Highlights:


In automotive industry, various technologies have evolved tremendously in the recent years that has led to an increase in the number of complex and high-end electric & electronic systems used in vehicle. The installation rate of secondary wiring harnesses in a vehicle has increased due to technologies such as advanced infotainment system and safety & security system. Hence, the rising inclination for high-end electronics is driving the demand for secondary wiring harness.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Secondary Wiring Harness Market Research Report


There is a rising demand for innovation in 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 the vehicular emissions is leading to an increase in need for designing lighter vehicles, which are capable of meeting the safety standards.


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 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.


Global Automotive Secondary Wiring Harness Market Size, 2018-2023


 


 Automotive Secondary Wiring Harness Market Size


Scope of the Report


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


Key Players


The key players in 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.


 

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