Automotive Wire Harness Market Analysis, Competitive Share and Growth Forecast to 2030

1. Automotive Wire Harness Market Size, Trends, Company Profiles, Growth Rate, Trends and its Emerging Opportunities 1 ©P&SIntelligence.Allrightsreserved

2. The global automotive wire harness market had a valuation of $42.8 billion in 2019 and it is predicted to advance at a CAGR of 4.7% between 2020 and 2030. According to the estimates of P&S Intelligence, a market research company based in India, the market will reach a value of $59.3 billion by 2030. The main factors driving the progress of the market are the rapid technological advancements and the mushrooming electric vehicle manufacturing in several countries around the world. With the rise in environmental degradation and the surge in air pollution levels, the global demand for environment-friendly automobiles is growing rapidly. This is fueling the rising popularity of electric vehicles, particularly battery electric vehicles (BEVs) in the U.S., China, Germany, and Japan, which is, in turn, pushing up the demand for wire harness products. Electric vehicles contain a large number of wire harnesses, on account of the fact that they have more electronic components than the ICE-powered vehicles. Request to Get the Sample Report: https://www.psmarketresearch.com/market- analysis/automotive-wiring-harness-market/report-sample Depending on vehicle type, the automotive wire harness market is divided into commercial vehicle and passenger car. Between these, the commercial vehicle category is predicted to demonstrate faster growth in the market for automotive wire harness in the future years. This is because of the ballooning requirement for the export and import of goods for catering to the demands of the surging population in several countries. The market is further classified, on the basis of propulsion, into electric vehicles and internal combustion engine. Additionally, the existence of a large consumer base for internal combustion engine- powered vehicles is also bolstering the sales of automotive wire harnesses in the region. The ballooning sales of commercial and passenger vehicles in India, China, South Korea, and Japan are propelling the manufacturing volume of automobiles, which is, in turn, fueling the market expansion in the region. The market will exhibit the fastest growth in Latin America, Middle East, and Africa (LAMEA) in the coming years. Hence, it can be said with surety that the market will demonstrate huge expansion all over the world in the coming years, primarily because of the surging manufacturing of electric and ICE-powered vehicles and the growing demand for the integration of ADAS in vehicles. Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send- enquiry?enquiry-url=automotive-wiring-harness-market Market size breakdown by vehicle type Passenger car Commercial Market size breakdown by voltage Low voltage High voltage

3. Market size breakdown by propulsion ICE EV Market size breakdown by material type Copper Aluminum Market size breakdown by application Chassis Engine Body HVAC Speed Sensors Others This study covers •Historical and the present size of the Automotive Wire Harness Market •Major factors driving the market and their impact during the short, medium, and long terms •Market restraints and their impact during the short, medium, and long terms •Recent trends and evolving opportunities for the market participants •Historical and the present size of the market segments and understand their comparative future potential •Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings •Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders •Major players operating in the market and their service offerings •Recent strategic developments by the major players in the market About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. 3 ©P&SIntelligence.Allrightsreserved

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