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Opportunities for automotive wiring harness to reach $54.2 billion by 2021 -USD 0

Publish Date: 10-01-2018 04:41:37 | Contact name: Lucintel | Location: USA | Place: 222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA | 37 times displayed |



According to a new market report published by
Lucintel, the future of the global automotive wiring harness market looks
promising with opportunities in the passenger car and commercial vehicle. The global
automotive wiring harness market is expected to reach an estimated $54.2
billion by 2021. The global automotive wiring harness market is forecast to
grow at a CAGR of 6.3% from 2016 to 2021. The major drivers of growth for this
market are increasing vehicle production and increasing content of electronic
technology in vehicles.



In this market, chassis, engine, body, speed
sensor, and HVAC are the market segments by application type. On the basis of
vehicle type, the market is segmented into passenger car (small car, medium car
and large car), light commercial vehicle, and others. On the basis of its
comprehensive research, Lucintel forecasts that the engine application is
expected to show above average growth during the forecast period.



Within the global automotive wiring harness
market, the copper segment is expected to remain the largest market. Increase
in demand for hybrid and electric vehicles is the major factor that would spur
growth for this segment over the forecast period.



APAC is expected to remain the largest region
due to high vehicle production and increasing government mandates relating to
safety features of vehicle.



Asia Pacific and the Rest of the World are
expected to witness significant growth over the forecast period because of increasing
penetration of aluminum wiring harness in vehicles in developing countries to
follow government regulations on carbon emission reduction and increase in fuel
efficiency.



For business expansion, Lucintel’s report
suggests innovation and new product development to ensure transmission of equal
power to different electronic modules in a vehicle. The report further suggests
the development of partnerships with customers to create win-win situations and
development of low-cost solutions for customers.





Emerging trends which have a direct impact on
the dynamics of the industry include introduction of high voltage wiring harness
system in electric vehicles and development of recycling of wiring harness
system. Yazaki Corporation, Sumito Electric Industries Ltd., Delphi
Corporation, Leoni Group, and Lear Corporation are the major wiring harness
suppliers in the global automotive wiring harness market. Several companies are
seeking mergers and acquisitions as strategic initiatives to drive growth.



Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global automotive wiring harness market by application, type, vehicle type and
region, and has compiled a comprehensive research report entitled “Growth
Opportunities in the Global Automotive Wiring Harness Market 2016-2021: Trends,
Forecast, and Opportunity Analysis
.”
The Lucintel report serves as a springboard for growth strategy because it
provides comprehensive data and analysis on trends, key drivers, and
directions. The study includes a forecast for the growth opportunities in the
global automotive wiring harness market by application, type, vehicle type and
region, as follows:



By Application [$ billion from 2010 to 2021]:



·
Chassis Wiring Harness



·
Body Wiring Harness



·
HVAC Wiring Harness



·
Engine Wiring Harness



·
Speed Sensor Wiring Harness





By Type [$ billion from 2010 to 2021]:



·
Copper



·
Aluminum



·
Other





By Vehicle Type [$ billion from 2010 to 2021]:



·
Passenger Car



– Small
Car



– Medium
Car



– Large
Car



·
Commercial Vehicle



·
Other





By region [$ billion from 2010 to 2021]:



·
North America



·
Europe



·
Asia Pacific



·
Rest of the World





This
171-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or
helpdesk@lucintel.com. Lucintel
offerings include Mass Transportation, Transportation Market Report, SWOT Matrix, Due
Diligence
and Mergers
& Acquisitions
.



About
Lucintel



Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence services
to executives and key decision-makers in a variety of industries. For further
information, visit www.lucintel.com.



This
report answers following key questions:



Q. 1 What
are some of the most promising, high-growth opportunities for the automotive
wiring harness market by application (chassis, body, HVAC, engine, and speed
sensor), type (copper, aluminum and other), vehicle type (passenger car,
commercial vehicle, and other), and region (North America, Europe, Asia
Pacific, and the Rest of the World).



Q. 2 Which
segments will grow at a faster pace and why?



Q. 3 Which region will
grow at a faster pace and why?



Q.4 What are
the key factors affecting market dynamics? What are the drivers, challenges,
and business risks in this market?



Q.5 What are the business risks and competitive
threats in this market?



Q.6 What
are the emerging trends in this market and reasons behind them?



Q.7 What
are some of the changing demands of customers in the market?



Q.8 What are
the new developments in the market? Which companies are leading these
developments?



Q.9 Who are the
major players in this market? What strategic initiatives are key players
pursuing for business growth?



Q.10 What are
some of the competing products in this market and how big of a threat do
they pose for loss of market share by
materials / product substitution?



Q.11 What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?









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