Automotive Wiring Harness Market Size – Noticing About USD 59 Billion By 2019

By   | May 25, 2015 |   Price: 4950  |   Category: Automotive & Transportation
  • Wire harness, also known as cable harness or cable assembly, an assembly of wires or cables which transmit signals and electricity. The automotive wiring harness market is expected to grow to around USD 59 billion by 2019. This is due to increasing applications of automotive wiring harness in the sectors of automotives and construction machinery.

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    Increasing automotive sector across the globe is one of the important factors propelling the automotive wiring harness market. Additionally, growing demand for electric vehicles and electronics and safety features of the same are the prominent drivers of the market. However, the safe disposal of utilized wiring harness is a major hindrance for the market.

    The automotive wiring harness market can be trifurcated into vehicles, applications and geographies. The market, on the basis of vehicles, can be segregated into heavy vehicles and light vehicles. The automotive wiring harness market, on the basis of applications, can be divided into engine wiring harness, body wiring harness, speed sensors wiring harness, HVAC (heating, ventilating, and air conditioning) wiring harness and chassis wiring harness.

    Geographically, the automotive wiring harness market can be categorized into North America, Europe, Asia Pacific and rest of the world (ROW). Asia Pacific leaded the market on account of automotive manufacturing units in China. The expanding automotives industry in emerging economies of China, Japan and India is also contributing towards rising demand for the automotive wiring harness market.

    North America and Europe are expected to be the fastest growing markets. This is due to United States being the second largest producer of automotives.

    Automotive Wiring Harness Market

    Information Source: Grand View Research

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