Automotive Secondary Wiring Harness Market to Record 16.78% Y-O-Y Growth Rate in 2022 | Evolving Opportunities with Fujikura Ltd. and Furukawa Electric Co. Ltd. |17000+ Technavio Reports
NEW YORK, Jan. 11, 2022 /PRNewswire/ -- 58% of the growth will originate from APAC for the automotive secondary wiring harness market. China, Japan, and South Korea (Republic of Korea) are the key markets for the automotive secondary wiring harness market in APAC. Market growth in this region will be faster than the growth of the market in the rest of the regions. The rise in production and sales of automobiles will facilitate the automotive secondary wiring harness market growth in APAC over the forecast period. The automotive secondary wiring harness market is expected to grow by USD 8.02 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 13.18% as per the latest market report by Technavio. The automotive secondary wiring harness market to record a 16.78% Y-O-Y growth rate in 2022.
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Read the 120-page report with TOC on "Automotive Secondary Wiring Harness Market Analysis Report by Application (Sensors and HVAC) and Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/automotive-secondary-wiring-harness-market-industry-analysis
Automotive secondary wiring harness market - Driver & Challenge
The automotive secondary wiring harness market is driven by the increasing demand for battery electric vehicles. However, factors such as stringent regulatory norms and standards for automotive wiring may impede the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. This automotive secondary wiring harness market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
Automotive secondary wiring harness market - Revenue Generating Segment
The automotive secondary wiring harness market share growth by the sensors segment will be significant for revenue generation. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the automotive secondary wiring harness market size and actionable market insights on each segment.
Some of key Automotive Secondary Wiring Harness Players:
The automotive secondary wiring harness market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
- Fujikura Ltd.
- Furukawa Electric Co. Ltd.
- Leoni AG
- Minda Corp. Ltd.
- Motherson Sumi Systems Ltd.
- Nexans autoelectric GmbH
- Sumitomo Electric Industries Ltd.
- Tianhai Auto Electronics Group Co. Ltd.
- Yazaki Corp.
- YURA Corp.
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Automotive Secondary Wiring Harness Market Application Outlook (Revenue, USD bn, 2021-2026)
- Sensors - size and forecast 2021-2026
- HVAC - size and forecast 2021-2026
Automotive Secondary Wiring Harness Market Geography Outlook (Revenue, USD bn, 2021-2026)
- APAC - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- North America - size and forecast 2021-2026
- South America - size and forecast 2021-2026
- MEA - size and forecast 2021-2026
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Automotive Secondary Wiring Harness Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Decelerate at a CAGR of 13.18% |
Market growth 2022-2026 | USD 8.02 billion |
Market structure | Fragmented |
YoY growth (%) | 16.78 |
Regional analysis | APAC, Europe, North America, South America, and MEA |
Performing market contribution | APAC at 58% |
Key consumer countries | China, US, Japan, Germany, and South Korea (Republic of Korea) |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Minda Corp. Ltd., Motherson Sumi Systems Ltd., Nexans autoelectric GmbH, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., and YURA Corp. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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