Automotive Wiring Harness Market 2020-2024 | Increasing Use of Advanced Materials for Wire Harnesses to Boost Growth | Technavio

The automotive wiring harness market and it is poised to grow by USD 10.7 mn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. LEONI AG, Nexans SA, Samvardhana Motherson Group, Sumitomo Electric Industries Ltd. and Yazaki Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing use of advanced materials for wire harnesses has been instrumental in driving the growth of the market. Request a free sample report

Automotive Wiring Harness Market 2020-2024: Segmentation

Automotive Wiring Harness Market is segmented as below:

Application

• Chassis
• Sensors
• HVAC

Vehicle Type

• Passenger Vehicles
• Light Commercial Vehicles
• Medium and Heavy Commercial Vehicles

Geographic Segmentation

• APAC
• Europe
• MEA
• North America
• South America

Automotive Wiring Harness Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive wiring harness market report covers the following areas:

• Automotive Wiring Harness Market Size
• Automotive Wiring Harness Market Trends
• Automotive Wiring Harness Market Industry Analysis

This study identifies advances in autonomous vehicles as one of the prime reasons driving the automotive wiring harness market growth during the next few years.

Automotive Wiring Harness Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the automotive wiring harness market, including some of the vendors such as LEONI AG, Nexans SA, Samvardhana Motherson Group, Sumitomo Electric Industries Ltd. and Yazaki Corp. Backed with competitive intelligence and benchmarking, our research reports on the automotive wiring harness market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.