India Automotive Wiring Harness Market Size & Forecast 2027
According to the latest report by IMARC Group, titled, “India Automotive Wiring Harness Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The India automotive wiring harness market is expected to exhibit a CAGR of 5.09% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Market Overview:
An automotive wiring harness represents the assembly of connectors, electric wires, and terminals that dispatch power and information throughout the vehicle. It also acts as a security casing that assists in preventing fires caused by short circuits. Automotive wiring harnesses can be categorized into various kinds, such as general, heat resistant, tubed, and shielded. They connect several automobile components and carry energy to power windows, start the engine, and operate the navigation system, lights, and meters. The elements in automotive wiring harnesses are designed to ensure reliable energy transmission and work efficiently under vibration, moisture, high temperatures, and noise. They are extensively utilized to harness the wiring of the chassis, body, engine, heating, ventilation and air conditioning (HVAC) system, sensors, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Automotive Wiring Harness Market Trends and Drivers:
The escalating demand for electric vehicles (EVs) among the masses, on account of the rising environmental concerns, inflating disposable incomes, and elevating fuel prices, is primarily driving the India automotive wiring harness market. Besides this, the increasing integration of the internet of things (IoT) and artificial intelligence (AI) in automobiles is further augmenting the market growth. Moreover, the growing popularity of automotive wiring harness, as it offers highly secure connections, enhances the fuel efficiency of the vehicle, provides blind-spot detection, and automated control systems, is also catalyzing the market across India. Apart from this, the introduction of various technologically advanced car features, such as tire pressure monitoring systems, automatic speed limits, adaptive front lights, emergency braking, etc., is expected to bolster the India automotive wiring market in the coming years.
India Automotive Wiring Harness Market 2022-2027 Competitive Analysis and Segmentation:
The report has segmented the market based on application, material type, transmission type, vehicle type, category and component.
Breakup by Application:
- Body Wiring Harness
- Engine Wiring Harness
- Chassis Wiring Harness
- HVAC Wiring Harness
- Sensors Wiring Harness
- Others
Breakup by Material Type:
- Copper
- Aluminum
- Others
Breakup by Transmission Type:
- Data Transmission
- Electrical Wiring
Breakup by Vehicle Type:
- Two Wheelers
- Passenger Cars
- Commercial Vehicles
Breakup by Category:
- General Wires
- Heat Resistant Wires
- Shielded Wires
- Tubed Wires
Breakup by Component:
- Connectors
- Wires
- Terminals
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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