FMI Analyzes Impact of COVID-19 on Automotive Wiring Harness Market; Stakeholders to Focus on Long-term Dimensions

This Future Market Insights report examines the ‘Global Automotive Wiring Harness” market for the period 2014-2025. The primary objective of the report is estimation of market potential of the automotive wiring harness market, examining the marketing efforts and to identify the market opportunities in the global automotive wiring harness market.

The global automobile industry registered an annual growth rate of over 5.5% from 2010 to 2015, and is estimated to be valued at US$ 5.1 Tn by end of 2015, which in turn is expected to fuel the demand for automotive wiring harness market. Furthermore, increase in demand of high-end electronic and safety features in vehicles, particularly passenger cars, along with cost reduction and enhanced reliability is leading to rising demand for automotive wiring harnesses market.

The report depicts the marketing strategies undertaken by the wiring harness manufactures, which are significantly driving the global automotive wiring harness market. This study analyses, estimates and forecasts the global automotive wiring harness market from the consumption perspective, in terms of revenue (US$ Mn) during the forecast period from 2015 to 2025. The report also highlights the impact of various drivers and restraints in the concerned regions, during the forecast period.

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Automotive wiring harness is one of the main components as it handles the complete current flow across all the components of a vehicle including its lights, wipers, electrical devices and other electronics components. Technical developments in the automotive segment have augmented the fitting trend of many high end microelectronics features and security features in the automobile. The automotive wiring harness is useful in connected cars, it helps to communicate with the vehicle, useful in connecting safety electronic devices and safeguarded against the impact of vehicular vibrations.

To understand and assess the opportunities in this market, the report is categorically divided under various sections such as market analysis, by region (North America, Western Europe, Eastern Europe Asia Pacific Excluding Japan, Latin America, Japan and the Middle East & Africa), by application type into chassis & safety (includes conventional chassis, semi-forward chassis and full-forward chassis), body (includes roof, door & window, facia, seat and interior), heat ventilation and air-conditioning (HVAC), engine and sensors, by vehicle type into passenger vehicles (includes midsize, premium, luxury, sports utility vehicle and sports), commercial vehicles (includes light commercial vehicles, heavy commercial vehicles and buses & coaches), electric vehicles, hybrid vehicles, two wheelers and competitive landscape (inclusive of competition dashboard and company profiles).

The report starts with an overview of the automotive wiring harness across the globe, its importance and key features. In the other sections, FMI covers the key trends, drivers and inhibitors from supply and demand perspective. It also covers the market opportunities in the automotive wiring harness market. Impact analysis of the key growth drivers and inhibitors, based on the weighted average model, is included in the report to better equip and arm clients with crystal clear decision making insights.

The next section of the report analyses the market based on vehicle type and application type and presents the forecast in terms of value for the next 10 years.

Regions covered in the report include:

North America

Western Europe

Eastern Europe

APEJ

Japan

Latin America

MEA

To calculate the market size, the report considers various aspects based on secondary research. Furthermore, data points such as regional split and market split, by segment, and qualitative inputs from primary respondents have also been incorporated to arrive at appropriate market estimates.

The forecast presented here assesses the total revenue generated in the automotive wiring harness market. While forecasting the market, sizing the current market is considered to be the starting point, which forms the basis for the forecast, as to how the market is anticipated to take shape in the near future. Given the characteristics of the market, we triangulated the data via different analyses, based on supply side, demand side, and dynamics of the related markets. However, quantifying the market on the basis of the above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities in the automotive wiring harness market.

Another key feature of this report is the analysis of the automotive wiring harness market, by region, and its revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global automotive airing harness market.

Furthermore, to understand the key growth segments in terms of growth & performance of automotive wiring harness market, Future Market Insights developed the market attractiveness index. The resulting index should help providers identify real market opportunities.

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Few of the market players featured in the section include:

YAZAKI Corporation

Aisin Seiki Co.

Samvardhana Motherson Group (SMG)

Delphi Automotive PLC

Fujikura Ltd.

Sumitomo Electric Industries, Ltd.

Lear Corporation

LEONI

Furukawa Electric Co., Ltd.

PKC Group PLC

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