Automotive Secondary Wiring Harness Market worth 33.78 Billion USD by 2022

  Automotive Secondary Wiring Harness Market worth 33.78 Billion USD by 2022

  PR Newswire

  PUNE, India, September 15, 2017

PUNE, India, September 15, 2017 /PRNewswire/ --

The report " Automotive Secondary Wiring Harness Market, by Application
(Engine, Cabin, Door Harness, Airbag Harness, Electronic Parking Brakes,
Electronic Gear Shift System), Vehicle Type, EV type (BEV, HEV, PHEV), and
Region - Global Forecast to 2022 " , published by MarketsandMarkets™, the
market is projected to grow at a CAGR of 20.96% during the forecast period,
from USD 13.04 billion in 2017 to USD 33.78 billion by 2022. In terms of
volume, the market is estimated to reach 4.58 billion units by 2022.

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Brows e 85   Market Data T ables and 57 Figures spread through 139 Pages and
in-depth TOC on " Automotive Secondary Wiring Harness Market - Global Forecast
to 2022 "

Early buyers will receive 1 0% customization on this report  

In terms of volume, the market is estimated to reach 4.58 billion units by
2022. The major factors driving the growth of the Automotive Secondary Wiring
Harness Market are growing advanced technologies, increased production of
passenger cars, and electrification of vehicles.

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Airbag Harness segment to show high growth potential  

Cabin harness is the dominating application type in the global Automotive
Secondary Wiring Harness Market, followed by door harness application. In
terms of growth rate, the market for airbag harness is expected to show the
highest CAGR in the next five years. This can be attributed to the increasing
installations of extra airbag in new vehicle models, and also the increasing
mandates for automotive safety across the globe.

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Increase in electric vehicle production to trigger the demand for Automotive
Secondary Wiring Harness Market  

According to International Energy Agency, the global electric vehicle market
(based on sales) is projected to reach a market size of USD 6.9 million by
2022, growing at a CAGR of 21.48% from 2017 to 2022. In recent few years, the
demand for electric vehicle products are rising rapidly, these products have
voltage range from low voltage to high voltage and require special set of
wires for operation. Across the globe, the wiring harness manufacturing
companies are focusing on developing secondary wiring harness systems to
support high technology systems such as infotainment systems, lighting
systems, electronic brakes, and connectivity technology.

Asia Pacific: Fastest growing region for Automotive Secondary Wiring Harness

Asia Pacific is estimated to be the largest market, by value, for automotive
secondary wiring harness in 2017, owing to the huge production of passenger
cars and electric vehicles in the region. Asia Pacific region is expected to
dominate the market during the forecast period, aided by China and India-the
fastest developing countries. Factors such as increase in use of advanced
systems and increasing vehicle production owing to high demand for premium
vehicles are intensifying the demand for the automotive secondary wiring
harness. The infrastructural development in this region is also assisting the
market growth, as it has raised the demand for heavy vehicles that require
advanced technology automotive wiring for heat insulation.

The report covers all the major players in the Automotive Secondary Wiring
Harness Market, including companies such as Sumitomo Electric Industries, Ltd.
(Japan), Lear Corporation. (US), Delphi Automotive LLP. (UK), Yazaki
Corporation. (Japan), and Furukawa Electric Co., Ltd. (Japan).

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Global Forecast to 2021

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