Automotive Wiring Harness Market Worth $59.2 Billion by 2019
DALLAS, November 10, 2014 /PRNewswire/ --
The report "Automotive Wiring Harness Market by Vehicle Type (Light Vehicles, Heavy Vehicles), Application Type (Chassis, Body Engine, HVAC, Speed Sensors), by Geography - Global Trends and Forecast to 2019", published by MarketsandMarkets, defines and segments the Automotive Wiring Harness Market with analysis and forecasting of the global volume and value.
Browse 75 market data tables with 46 figures spread through 250 pages and in-depth TOC on "Automotive Wiring Harness Market - Global Trends and Forecast to 2019".
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Asia-Pacific: A Potential Market and Growing at a Significant Rate
The Asia-Pacific region comprises countries such as China, India, Japan, and South Korea. The region is dominated by developing countries such as India and China where the automotive industry is growing at a faster pace. Upcoming safety regulations would increase installation of automotive safety technologies in passenger cars. Also, an increase in the penetration rate of high-end electronics features in passenger cars and growing demand for light and heavy vehicles in Asia-Pacific countries are driving the market for automotive wiring harness. The Automotive Wiring Harness Market of the Asia-Pacific region is projected to grow at a CAGR of 8.4% from 2014 to 2019.
Europe: Eastern Europe would be the Upcoming Potential Market
Europe is a major hub of many renowned OEMs, which are known for delivering quality and high performance vehicles. Majority of the European vehicles are equipped with high-end electronics and safety features. However, Eastern Europe is still follows the western European countries such as U.K., Germany, France and Italy. This gives an exposure to the OEMs to expand their footprints in Eastern Europe that will foster the demand for automotive wiring harness in Europe. The European Automotive Wiring Harness Market is projected to grow at a CAGR of 7.4% from 2014 to 2019.
North America: Mexico & Canada Have Emerged as Growing Automotive Hubs
The North American region comprises developed countries such as the U.S., Canada, and Mexico. However, the North American Automotive Wiring Harness Market is dominated by U.S., which is known to be automotive hub of renowned OEMs. In North America, majority of the vehicles are equipped with high end electronics and safety features due to the strict government regulations. The OEMs in North America always focused on compact and easy wiring solutions, which would save space and reduce operational complexity in electronic devices. Furthermore, many OEMs are planning to set up vehicle assembly plants in Mexico and Canada, which in turn drive the demand for wiring harness. The North American Automotive Wiring Harness Market is projected to grow at a CAGR of 8.3% from 2014 to 2019.
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The report covers the global Automotive Wiring Harness Market in terms of volume (thousands) and value ($million) across regions such as Asia-Pacific, Europe, North America, and Rest of the World (ROW). It explains qualitative and quantitative aspects of automotive wiring harness. The report briefly explains the Automotive Wiring Harness Market on the basis of geography, application, and vehicle type from 2014 to 2019.
The report also shows an overview of the technical as well as other important aspects of the Automotive Wiring Harness Market. It includes analysis of value chain, Porter's five forces analysis, PEST analysis, competitive landscape, and company profiles. In addition to this 10 key players of the automotive wiring harness industry have also been profiled.
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