Automotive Electrical Harness Market 2020-2027: Trends, Opportunities and Industry Projections
Automotive Electrical Harness: Introduction
- Demand for automotive electrical harness is significantly high in the automobile industry, as most vehicles are equipped with an electrical system. The electrical harness provides electric power to the automotive components, which performs operations.
- Most automotive parts are driven by the electrical harness including HVAC and battery. The advance safety systems, including anti-lock brake system, are also powered by the electrical harness. The electrical harness consists of connectors, terminals, and relays that help supply electric current or power across the vehicle.
Key drivers of Automotive Electrical Harness Market
- Demand for electric vehicles and advance drive assist systems in vehicles is projected to be a key factor that drives the automotive electrical harness market. Currently, vehicles contain a high number of electronic components, which fuels the demand for wiring harness. This, in turn, is projected to boost the automotive harness market.
- Increase in demand for vehicle connectivity across the world is likely to propel the automotive electrical harness market. Lack of availability of copper is fuelling the demand for recycling of copper from discarded wiring harnesses, which in turn is estimated to boost the automotive electrical harness market. All the parameters mentioned above are estimated to boost the market.
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North America, Europe & Asia Pacific to hold prominent share of automotive electrical harness market
- North America and Europe are projected to hold significant share of the global automotive electrical harness market due to the high rate of adoption of safety features in automobiles in these regions. Canada, Mexico, and Germany have stable economic growth for the expansion of vehicle manufacturing plant which in turn is anticipated to fuel the automotive electrical harness market. Majority automotive manufacturers based in Europe and North America develop vehicles with advance electronic and safety features which in turn is likely to propel the automotive electrical harness market.
- Following Europe and North America, the automobile industry in Asia Pacific is expanding at a moderate pace. Demand for electric vehicles and advance drive assist systems in vehicles is increasing in the region. This is a key factor that is estimated to drive the automotive electrical harness market in Asia Pacific. Most developing countries from Asia Pacific including China, India, and South Korea are home to major original equipment manufacturers who are trying to integrate safety features in their vehicles. This in turn is projected to propel the automotive electrical harness market in Asia Pacific.
Key Players Operating in Automotive Electrical Harness Market
The automotive electrical harness market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the global automotive electrical harness market are:
- Yazaki Corporation
- Delphi Automotive
- Robert Bosch GmbH
- Lear Corporation
- Continental AG
- Sumitomo Electric Industries
- Siemens AG
- THB Group
- Harman International
- Denso Corporation
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Global Automotive Electrical Harness Market: Research Scope
Global Automotive Electrical Harness Market, by Vehicle Type
- Passenger Vehicle
- Hatchback
- Sedan
- MPV
- MUV
- SUV
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Off-Road Vehicle
Global Automotive Electrical Harness Market, by Wire Type
- General Wires
- Heat Resistant Wires
- Shielded Wires
- Tubed Wires
- Display
Global Automotive Electrical Harness Market, by Component
- Connectors
- Wires
- Terminals
- Others( relays, fuses)
Global Automotive Electrical Harness Market, by Type of Connector
- Low Pole Connector
- High Pole Connector
- Others (Terminals)
Global Automotive Electrical Harness Market, by Application
- Dashboard
- HVAC
- Engine
- Light System
- Battery
Global Automotive Electrical Harness Market, by Electric Vehicle Type
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicle
Global Automotive Electrical Harness Market, by Sales Channel
- OEMs
- Aftermarket
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Global Automotive Electrical Harness Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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