Automotive Industry Leading to Increased Demand for Automotive Wiring Harness


Posted December 18, 2018 by PuneetShah

In Japan,the small car segment of the automotive industry is growing, which is supporting the growth of the automotive wiring harness market.
 
The global automotive wiring harness market is growing, due to increase in demand for electronics and safety features in passenger car, technological advancement in automotive wiring harness system, and growing demand for electric vehicles. Additionally, the increase in overall vehicle production and legislation mandating automotive safety technology are also supporting the growth of the market.

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The Asia-Pacific market is growing with the highest rate, due to the growing consumer preference for safety features and high-end electronics in the heavy and light vehicles in the countries, such as India and China. The automotive wiring harness market in some countries of North America and Europe is saturated, as safety equipment and high-end electronics are already installed in most of the vehicles in these regions. Whereas, Canada and Mexico are still untapped markets, due to the commissioning of new vehicle assembly plants and increasing vehicle production capacity in the countries.

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Volkswagen and General Motors are supporting the growth of the Automotive Wiring Harness market.
The global market of automotive wiring harness is also growing due to the increasing need of protection against abrasions and vibrations, compact wiring, and simplicity of operation in managing different electronic devices.

Some of the competitors in the market are Lear Corporation, Furukawa Electric Co. Ltd., Samvardhana Motherson Group, Nexans Autoelectric GmbH, Sumitomo Electric Industries Ltd., YAZAKI Corporation, THB Group Ltd., and Delphi Automotive LLP.
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Issued By PuneetShah
Country India
Categories Automotive , Business , Research
Tags automotive wiring harness industry , automotive wiring harness market , automotive wiring harness market demand , automotive wiring harness market overview , automotive wiring harness market report , automotive wiring harness market research report 2019 , automotive wiring harness market size
Last Updated December 18, 2018