Automotive Wiring Harness, Connector and Cable Market
Automotive Wiring Harness, Connector and Cable Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0550
Segments Covered
By
Product Types Automotive Wiring Harness, Connector, Cable
-
By
Application Two Wheelers, Passenger Cars, Commercial Vehicles
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
42.81 Billion |
 Revenue 2028:
|
60.14 Billion |
 Revenue CAGR
(2021 - 2028): |
4.34% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Product Types Analysis: Preview On the basis of Product Types,
the market is segmented into Automotive Wiring Harness, Connector, Cable. Automotive Wiring Harness held the
highest share in 2020 and is expected to grow at a significant rate over the
forecast period. This is attributed to the rising demand for the Automotive Wiring Harness
in developing countries such as China and India. Digitalization in Asia Pacific
region has led to a surge in the usage of technology in various business
processes over the past few years. Rising adoption of online platforms across
various sectors along with analytical solutions, IoT, AI, and Blockchain
technology to gain a competitive advantage is also paving the way for the Automotive Wiring Harness, Connector and Cable
market growth. Application
Analysis: Preview
Based on Application,
the market is segmented into Two Wheelers, Passenger Cars, Commercial Vehicles. Commercial Car held the
largest share and is projected to grow at a notable CAGR over the coming years.
Rising demand for Automotive Wiring Harness, Connector and Cable in various countries
such as the U.S., Germany, China, India, and Japan, among others is likely to
support the growth of the market. Numerous companies are focusing on investing
heavily in this application to cater the end user requirements effectively.
Global Automotive Wiring Harness, Connector and Cable Market: Product Types Segment Analysis
-
- Automotive Wiring Harness
- Connector
- Cable
Global Automotive Wiring Harness, Connector and Cable Market: Application Segment Analysis
-
- Two Wheelers
- Passenger Cars
- Commercial Vehicles
FAQ
Frequently Asked Question
What is the global demand for Automotive Wiring Harness, Connector and Cable in terms of revenue?
-
The global Automotive Wiring Harness, Connector and Cable valued at 42.81 Billion in 2020 and is expected to reach 60.14 Billion in 2028 growing at a CAGR of 4.34%%.
Which are the prominent players in the market?
-
The prominent players in the market are Yazaki Corporation, Cypress Industries, Molex Incorporated, OasisIndia, Sbee Cables, MSSL, Delphi Automotive, Fujikura, Sumitomo Electric Industries Ltd...
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.34%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automotive Wiring Harness, Connector and Cable include
- The increasing demand for high-performance electric vehicles is anticipated to augment the growth of the automotive wiring harness, connector and cable market during the forecast period. This is owing to the rising demand of the operating voltage across the powertrain components required to drive these vehicles, which increased from handling 48V to 800V.
- The implementation of government laws and regulations for vehicular emission mandated automobile manufacturers to use advanced technologies to combat high emission levels in vehicles in various countries. The use of automotive wiring harness not only increases the fuel efficiency but also lower down vehicular emission levels. Hence, incorporation of advanced wiring harness is expected to support the growth of the market.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Automotive Wiring Harness, Connector and Cable in 2020.
