The global automotive wiring harness market is expected to witness high growth due to increased automotive sales, particularly in Asia Pacific. Automotive wiring harness is used in automobiles by assembling the wires or cables to transfer the electric power or signals. This is safe and secured from moisture and abrasions, safeguards from affects of vibrations compared to individual electric wires. Government regulations pertaining to mandatory safety technology, growing demand for electric vehicles and increased demand for safety in passenger cars are factors responsible for automotive wiring harness market growth.
Issues regarding safe disposal of harness are expected to restrain the automotive wiring harness market growth; the wireless remains in vehicles are difficult to remove and not interchangeable with other vehicles. Increased manufacturing cost is expected to hinder market growth. Increased emphasis on automotive safety, particularly in developing countries is expected to provide good growth opportunities for the automotive wiring harness market. Asia Pacific has historically led the market, followed by Europe. Japan dominates the market in Asia Pacific On account of increasing automobile sales, Asia Pacific is expected to dominate the market over the forecast period.
The market can be broadly segmented on the basis of application and vehicle type. The application segment can be further segregated into engine wiring harness, speed sensors wiring, chassis wiring harness, HVAC wiring harness and body wiring harness. The vehicle tpe segment can be bifurcated into light and heavy vehicles.
Some of the major leaders in the market are Lear Corp, Delphi Automotive plc, Sumitomo Electric Industries Ltd, Yazaki Corp, Leoni AG, Furukawa Electric Co, Yura Co Ltd, Schubert Gmbh, Fujikura Ltd, Kyungship Corp, Kromberg, Qingdao Yujin Electro-Circuit Systems, PKC, Coroplast and THB.
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