An automotive wiring harness is a logical arrangement of wires, terminals, and connections that runs throughout the whole vehicle and transmits data and electrical power, effectively "connecting" a number of different components. The need for Automotive Wiring Harnesses is anticipated to rise as a result of more attention being paid to passenger safety, as well as a growth in the number of electric vehicles on the road globally and several other causes. For instance, Understanding the severity and the need for safety features in a car, the Indian government made certain safety norms mandatory from this 2020 onwards such as airbags, speed limit indicators, ABS, speed alert system, reverse parking sensors, driver and front passenger seat reminder, manual override for the central locking system, crash test norms compliance and so forth. Hence, the coming decade is the ‘decade for safer cars’ in India.
The Automotive Wiring Harness Market is expected to grow at a steady rate of around 5 % owing to the development of vehicles with advanced safety features and technological advancements. Major companies in the market offer Automotive Wiring Harness with technologically advanced features. For instance, Zuken has introduced a new integration tool known as Saber Frameway for Zuken’s cable design software. This allows engineers to create right-first-time robust wire harness, hydraulic and pneumatic designs, helping them overcome growing harness complexity and time/quality constraints through early access to virtual prototyping results.
Based on material type, the market is segmented into copper, aluminium and others. The copper category dominated the market during the previous period under the material type segment and it is expected to retain its dominance in the coming years. This would primarily be due to the rising demand for copper-wire harnesses, as copper has been the material of choice for wires due to various factors such as easy assembly and manufacturing, high conductivity, and flexibility.
On the basis of vehicle type, the market is categorized into passenger and commercial vehicles. Among these, the passenger vehicle segment hold a significant share of the market in 2020. The growth of the passenger cars segment can be attributed to the growing sale of passenger cars across the world which is directly contributing to the market growth.
Based on application, the automotive wiring harness market has been classified into chassis, engine, body, HVAC, sensors, and others. In the worldwide market for Automotive Wiring Harnesses, the sector for body harnesses commands the biggest market share. The increasing demand for diverse vehicle kinds is blamed for the segment's rise. Due to the increasing use of entertainment systems and dashboard displays in various types of vehicles, the body sector now has a monopoly on the worldwide Automotive Wiring Harness market.
For a better understanding of the market adoption of the Automotive Wiring Harness industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. In terms of region, the Automotive Wiring Harness market is dominated by North America. In especially in emerging economies like the U.S., this may be linked to greater road construction activities as well as increasing automobile production. Sales are also increasing as a result of low labour costs, an increase in the desire for mid-segment automobiles with more advanced safety and convenience features, and other factors. As a result, it is anticipated that increased car production, advances in drive technology, and the widespread adoption of electric vehicles will stimulate demand in North America.
Some of the major players operating in the market include LEONI AG, Yazaki Corporation., Aptiv., Sumitomo Electric Industries, Ltd., Lear Corp., Motherson., Furukawa Electric Co. Ltd, Fujikura Ltd., Coroplast Fritz Müller GmbH & Co.KG, DRÄXLMAIER GROUP.
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Automotive Wiring Harness Market
2.2. Research Methodology of the Automotive Wiring Harness Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE AUTOMOTIVE WIRE HARNESS MARKET