Skip to main content

Automotive Wiring Harness Market Latest Trends by 2021

Automotive wiring harness is an assembly of wires or cables which transmits electrical power or signals in the automobiles. As compared to the individual electric wires in an automotive, automotive wiring harness are better safeguarded against the impact of vehicular vibrations. Additionally, automotive wiring harness is more secure from abrasions and moisture. The global automotive wiring harness market is witnessing exponential growth due to the increasing automobile industry. 
The automotive wiring harness broadly consists of six components namely electric wire, protector, grommet, terminal, tape and clamp. Automotive wiring harness industry is showing great advancements in increasing the efficiency of the harness. The price of automotive wiring harness have been declining in recent times due to falling copper prices (one of the raw material for automotive wiring harness) and several lawsuits against the price control practice of the key manufacturers. The fall in prices has further increased the demand for automotive wiring harness globally. In the European Union, six substances used in automotive wiring harness namely lead, mercury, hexavalent chromium, polybrominated biphenyls and polybrominated diphenyl ether must fall under RoHS lead-free directive. 

Among regions, Asia Pacific dominated the global automotive wiring harness market in 2013 followed by Europe. Japan is the leading producer of automotive wiring harness in Asia Pacific. With the increasing automobiles, Asia Pacific is expected to retain its leadership position by 2020. 

The pacified European automobile market is expected to pick up the fast growth trend with its recovering economy which is expected to forward its benefit to the automotive wiring harness market. 
Request For Report Table of Content (TOC)@ https://www.persistencemarketresearch.com/toc/3678
The automotive wiring harness market for new energy vehicles including the electric and hybrid vehicles have higher per unit cost due to the higher production cost of high voltage wiring harness assembly. The special processing in terms of electricity transmitting capacity, mechanical strength, insulation protection and electromagnetic compatibility increases the production cost by 25%-50%. The increasing numbers of new energy vehicles are expected to boost the automotive wiring harness market significantly in terms of value. The Chinese market for new energy vehicles is increasing rapidly which is expected to attract significant demand for the automotive wiring harness market in this category.    

Automotive wiring harness industry is highly consolidated where four major players account for about 75% of the market. The key market players in automotive wiring harness market include Delphi Automotive, Furukawa Electric, Lear, Leoni, Sumitomo Electric Industries, Yazaki, Tianjin Jin-Zhu Wiring Systems and Prestolite Wire. 

The large companies have been making organic and inorganic investments to increase their global reach and cater to the increasing automotive wiring harness demands. For instance, Furukawa acquired Mitsubishi’s automotive connector business in 2011 to increase investment in this field. In May 2013, Furukawa decided to expand the production of its Philippines factory. Chinese automotive wiring harness company Shenzen Deren Electronics Co. Ltd. purchased auto connector and wiring harness business of CAEG in 2012. The largest companies such as Yazaki, SY System Tech, Leoni and Furukawa have been several times penalized for controlling market prices in North America and Europe. These four companies have been penalized with USD 187 million in July 2013 by European Union on the same grounds.
Know More About Report@ https://www.persistencemarketresearch.com/market-research/automotive-wiring-harness-market.asp
Labels:

Comments

Post a Comment

Popular posts from this blog

Collaborative Robot (Cobot) Market Insights Deep Analysis 2022-2030

  With the advancements in technology, robotics is becoming available at a price that suits the pockets of even smaller as well as bigger companies. All thanks to the development of low-cost components, which have paved way for the   upsurge of the collaborative robots or cobots  .Collaborative robots are intended to collaborate with humans at work sites, and hence making automation a trouble-free job for businesses of all sizes. By now, cobots have been seen as a game-changer for a wide variety of applications. W hy cobots over traditional robots? The new robotics technology is outdoing the weighty, daunting robots usually locked in the cages for security reasons. Now, it’s time to make use of cobots in those heavy industrial tasks! These robots are quite affordable, safe, and flexible to deploy. They are programmed to work in collaboration with humans and not under humans—unlike traditional robots. With these advanced-automated robots, you can forget the cages and make ...
Post a Comment
Read more

Contactless Payment Market size share growth analysis market demand

  Contactless payment, also called as a tap-and-go system is a secure mode where the transactions are done using technologies such as NFC (near field communication), RFID (radio frequency identification), infrared, and bluetooth. Contactless payment is hassle-free and convenient for customers as it takes only one-tenth of the time taken by the old-style electronic transaction.Contactless payment is becoming popular owing to its benefits such as secure and fast payments without any need for cash or identifying details. Initially, these type of payments or cards were used for the purpose oftravelling tickets only. But today, this technology has evolved and is helping customers to make payments for almost anything. However, the permissible amount for a contactless payment varies by country and by the bank. Access to PDF Sample Report Here! @  https://www.researchdive.com/download-sample/181 Recent Developments in the Contactless Payment Industry As per a Research Dive blog, ...
2 comments
Read more

Development: Aerospace 3D Printing Market Strategy Planning by Top Manufacturers

  Aerospace 3D Printing Market Analysis 2026: According to a study of the Research Dive,  aerospace 3D printing market  forecast shall cross  $5,933.4 million by 2026 , growing at a  CAGR of 26.8%  during forecast period. Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry. For instance,   National Aerospace Technology Exploitation Programme grants £140,000 funds for...
Post a Comment
Read more