Dallas, Texas (PRWEB) September 09, 2014
One of the emerging trends in this market is the focus on energy-efficient wiring harnesses. Several countries are playing a major role in encouraging the use of energy-efficient vehicles. Various vehicle manufacturers are investing in R&D to increase the efficiency of vehicles. Many countries in Europe plan to remove all incandescent lamps and low-efficiency halogen lamps from the market in the near future.
Analysts forecast the Global Automotive Wiring Harness market to grow at a CAGR of 8.06 percent over the period 2013-2018. According to the report, one of the main drivers in this market is the global rise in automobile production and sales. The increasing demand for automobiles has a direct positive impact on the demand for wiring harnesses, resulting in the growth of the market.
An automotive wiring harness is an assemblage of cables or wires used in automobiles for transferring signals or electric power. It is also known as a wiring loom for automobiles. Electric wires are tied together with the help of different components such as cable ties, electrical tape, conduits, or a combination of these to form the complete wiring assembly. An automotive wiring harness is better safeguarded against the impact of vibrations than individual electric wires in automobiles. In addition, it is better secured from abrasions and moisture.
This report covers the present scenario and the growth prospects of the Global Automotive Wiring Harness market for the period 2014-2018. The report includes the entire range of automotive wiring harnesses available in the market. An automotive wiring harness mainly consists of six components: electric wire, protector, terminal, grommet, tape, and clamp. To calculate the market size, the report considers revenue generated from the sales of automotive wiring harnesses across all geographies.
The Global Automotive Wiring Harness Market 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Automotive Wiring Harness market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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The report recognizes the following companies as the key players in the Global Automotive Wiring Harness Market: Delphi Automotive plc, Furukawa Electric Co. Ltd., Lear Corp., Leoni AG, Sumitomo Electric Industries Ltd. and Yazaki Corp.
Other Prominent Vendors in the market are: Cables Unlimited, Coroplast Harness Technology (Taicang), CTI Industries, Electrical Components International, Fujian JK Wiring Systems, Fujikura Changchun, Fujikura Zhuhai, Furukawa Auto Parts (Huizhou), Furukawa Automotive Parts (Dongguan), Furukawa Electric Hongkong, Furukawa Electric Shenzhen, Gold Peak Industries, GP Auto Parts, Harbin Shengbang Hafei Auto Wiring Harness, KenSa, Kromberg & Schubert, Kunshan Hu Guang Auto Harness, Kyungshin Industrial, Motherson Sumi Systems, Nantong Unistar Wiring Harness, PKC, Prestolite Wire, Qingdao Yujin Electro-Circuit Systems,Shanghai Jinting Automobile Harness, Spark Minda, Tianjin Jin-Zhu Wiring Systems, TSM Global Berhad, WET Automotive Systems and Yura.
- Rise in Automobile Production and Sales
- For a full, detailed list, view our report
- Focus on Energy-efficient Wiring Harnesses
- For a full, detailed list, view our report
Further, the report states that one of the main challenges in this market is the increase in average wage rates, which adversely affects the financial status of manufacturers and the market.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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