Global Automotive Wiring Harness Market 2018-2022
About Automotive Wiring Harness Market
An automotive wiring harness is an organized set of various electric wires, cables, and components, such connectors, terminals, and clamps, that are used to relay information and electric power. It is an extension network of wires which runs throughout the vehicles and comes as a standard stock fitment connecting different electronic components.
Technavio’s analysts forecast the Global Automotive Wiring Harness Market to grow at a CAGR of 4.08% during the period 2017-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Automotive Wiring Harness Market 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of various products.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Wiring Harness Market 2018-2022
Technavio recognizes the following companies as the key players in the Global Automotive Wiring Harness Market.
Commenting on the report, an analyst from Technavio’s team said: “One trend that is affecting the market is use of smart materials in automotive wiring harness”
According to the report, one driver that is affecting the market is automation to lower manufacturing cost of automotive wiring harness
Further, the report states that one challenge that is affecting the market is increasing pressure on OEM’s to reduce component costs
Sumitomo Electric Industries