Chicago, December 8, 2021/PRNewswire/ - According to the new market research report "By application (engine, chassis, cab, body and lighting, HVAC, battery, seat, sunroof, door), Automotive wiring harness market (data, electrical) by transmission type, date rate, ICE and electric vehicles, components, materials and regions-global forecast to 2026", released by MarketsandMarkets™, the global automotive wiring harness market is expected to grow from 2021 The increase of 47 billion U.S. dollars to U.S. dollars will reach 57.4 billion by 2026, with a compound annual growth rate of 4.1% during the forecast period. The demand for electric and autonomous vehicles will create growth opportunities for the automotive wiring harness market.
Explore the "Automotive Wire Harness Market" catalog
Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170344950
The chassis wiring harness segment is expected to become the largest segment during the forecast period
Due to the increased demand for automotive wiring harnesses for chassis applications (such as vehicle frames, air brake pumps, suspension systems, etc.), the chassis wiring harness segment will lead the market in terms of value during the forecast period. The increase in demand has prompted automotive wiring harness manufacturers and other component manufacturers to provide technologically advanced chassis wiring harnesses that help shorten distances and reduce weight. The growing demand for high-end automobiles and the integration of advanced technologies in automobiles are expected to increase the demand for automotive wiring harnesses.
The metal segment by material type is expected to occupy the largest market share in 2021
The metal segment occupies the largest share in the automotive wiring harness market. Due to high conductivity, limited corrosion, high tensile strength, and high data transmission, OEMs mostly use copper to make automotive wiring harnesses. Although the recent fluctuations in copper prices have affected the profit margins of wire harness manufacturers, it is expected that by 2026, metal materials will still occupy 92% of the automotive wire harness market.
Request a free sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=170344950
The Asia-Pacific region is expected to become the dominant regional market
China is the main contributor (approximately 60%) of the overall sales of automotive wiring harnesses in the Asia-Pacific region in 2021.
China is considered to be the manufacturing center of the automotive industry. According to MarketsandMarkets™ data, China and India together produce approximately 25 million vehicles each year. With the increase in automobile production, the demand for automobile wiring harnesses is expected to increase. In turn, this is expected to promote the growth of the automotive wiring harness market in the Asia-Pacific region. It is estimated that during the forecast period, China will dominate the automotive wiring harness market in the Asia-Pacific region. China is the world's largest automobile manufacturer. Therefore, China's automotive wiring harness market is expected to grow rapidly. Original equipment manufacturers based in China are focusing on the use of lightweight materials to manufacture wire harnesses. Therefore, wire harness manufacturers are increasingly using materials such as aluminum. At present, the penetration rate of aluminum in the wire harness is limited.
In the past few years, the demand for luxury cars in the Asia-Pacific region has continued to increase. Luxury/high-end segment vehicles are equipped with advanced body electronic functions and require additional automotive wiring harnesses to operate normally. Therefore, the region is expected to dominate the automotive wiring harness market with a share of 57.6% in 2021.
The global automotive wiring harness market is dominated by well-known companies such as Yazaki Corporation (Japan), Sumitomo Electric Industries (Japan), Aptiv PLC (Ireland), Furukawa Electric (Japan) and Leoni AG (Germany). These companies gain traction in the automotive wiring harness market through the development and acquisition of new products.
Electric vehicle charging cables divided by power source (AC and DC), application (private charging and public charging), length (2-5 meters, 6-10 meters and >10 meters), shape (straight and coiled), mode, and charging Market Level and Region-Global Forecast to 2027
According to type (Type1, CCS, Chademo, GB/T, Tesla), charging level (1 to 4), charging speed (slow, fast), voltage (AC, DC), end user (residential, commercial), installation Types, cables, components and regions-global forecasts to 2025
MarketsandMarkets™ provides quantitative B2B research on 30,000 high-growth niche opportunities/threats that will affect 70% to 80% of global companies’ revenues. Currently serving 7,500 customers worldwide, 80% of which are customers of global Fortune 1000 companies. Nearly 75,000 senior executives in eight industries worldwide use MarketsandMarkets™ to solve their pain points in revenue decisions.
Our 850 full-time analysts and SMEs in MarketsandMarkets™ are following the "Growth Participation Model-GEM" to track global high-growth markets. GEM aims to actively cooperate with customers to discover new opportunities, identify the most important customers, formulate "attack, avoid and defend" strategies, and determine the source of incremental revenue for the company and its competitors. MarketsandMarkets™ now launches 1,500 micro-quadrants (positioning leaders, emerging companies, innovators, strategic participants) in high-growth emerging market segments each year. MarketsandMarkets™ is determined to benefit the revenue planning of more than 10,000 companies this year, and by providing them with leading research, help them bring innovation/disruption to the market early.
MarketsandMarkets' flagship competitive intelligence and market research platform, the "Knowledge Store" connects more than 200,000 markets and the entire value chain to gain a deeper understanding of unsatisfied insights, market size and niche market forecasts.
Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive -wiring-harness-market.asp Visit our website: https://www.marketsandmarkets.com Content source: https://www.marketsandmarkets.com/PressReleases/automotive-wiring-harness.asp
View the original text: https://www.prnewswire.com/news-releases/automotive-wiring-harness-market-worth-57-4-billion-by-2026--exclusive-report-by-marketsandmarkets-301439921.html
Yahoo Finance Live hosts Julie Hyman and Brian Sozzi discussed the rise of Rivian stock after MotorTrend awarded the electric car developer the Truck of the Year Award.
Semiconductor company Nvidia (NASDAQ: NVDA) shares fell again on Monday-4.2% as of noon Eastern Time-and fell for the fourth consecutive day. There does not seem to be any special news behind today's decline, at least not for Nvidia. Although the high demand for high-end Nvidia graphics chips is usually good news for the company and its pricing power, the network pointed out that "more and more products are hidden under semiconductors", but "things made with chips are not only Use one chip.” So even if a PC manufacturer is lucky enough to get all the Nvidia chips it needs, it may not be able to sell its PC if it cannot get all the power control, memory, and other chips needed to make the product. .
The share price of Chinese electric car maker Weilai (NYSE: NIO) plunged 4% this morning, and then began to rebound, first higher and then lower. The convergence of China's negative macroeconomic news headlines may put pressure on NIO's stock. Of course, the first and most important thing is the worry that the US Securities and Exchange Commission (SEC) may begin to delist Chinese stocks because China has failed to allow its companies to accept audit inspections by the Accounting Supervision Committee of US Listed Companies. However, in addition to this, last week the Chinese real estate giant China Evergrande Group finally and officially placed itself in default when it missed the deadline to pay the due interest on international loans worth about US$1.2 billion.
AMC's stock price must rise nearly twice to return to historical highs. Let's see what went wrong.
Zach Guzman of Yahoo Finance discussed the era's choice of Tesla and SpaceX CEO Elon Musk as their "person of the year" and how Tesla is changing the auto industry.
Since Facebook changed its name to Meta Platforms, Metaverse news has been flooded with headlines. No one knows how successful Metaverse will be, if at all. The two companies that provide Meta Festival services are CrowdStrike (NASDAQ: CRWD) and Unity Software (NYSE: U). Crowdstrike provides endpoint security software to protect network access points.
Bitcoin's plunge and recent weakness in growth stocks may weigh on the electric car maker's stock price.
In this article, we will discuss Warren Buffett's top 10 selected stocks. If you want to skip our detailed analysis of these stocks, please go directly to Warren Buffett's top 5 stock selections. Warren Buffett, 91-year-old fund manager of Berkshire Hathaway, is one of the most watched investors in the world. This legendary investor is the brain behind […]
Disney's stock price fell by a double-digit percentage in 2021, but there are several factors that may cause the stock price to soar in 2022.
Our appeal from Stifel that day believes that the Fed is working hard to create a bubble of the century. This is what happened before.
Concerns about omicron variants and some good news are helping to push up these vaccine stocks.
Starting from scratch is a common metaphor for our storytelling. Some people do live this kind of life, and few people do so more than hedge fund billionaire Israel England. Using $35 million in seed funding, Englander founded Millennium Management-by 2019, his company manages more than $39 billion. As of this year, this figure is as high as 57 billion U.S. dollars. In 2020, Millennium brought a total of 10.2 billion U.S. dollars in income to its investors, and Englander received 3.8 billion U.S. dollars in personal income-making him the highest-income fund mana
If you are looking for a company with development potential, investing in growth stocks may bring great returns in a promising market. Two growth stocks that provide investors with excellent buying opportunities during the recent decline include Chargepoint Holdings (NYSE: CHPT), a leader in the fast-growing electric vehicle market, and world-class media and entertainment giant Walt Disney ( New York Stock Exchange code: DIS). Chargepoint serves more than 5,000 customers worldwide and 76% of the Fortune 50 companies. It provides more than 118,000 charging stations in North America and Europe, making it its closest market share in secondary charging to 70% More than 7 times that of North American competitors.
Sea Limited (NYSE: SE) is Southeast Asia's leading gaming and e-commerce company, and one of the best performing technology stocks in the past five years. However, in the past two months, due to the sell-off of technology companies, Sea's stock price has fallen by more than 36% from its peak of $372.70. Due to the low stock price, Sea has appeared in the attention of cheap investors who want to buy growth stocks at attractive prices. Founded in 2009, Sea has grown into a giant with businesses covering games, e-commerce, financial technology and other fields.
In this article, we will discuss 10 high-dividend stocks that yield more than 12%. If you want to skip our detailed analysis of dividend investments and these stocks, please go directly to 5 high-dividend stocks with yields over 12%. For investors seeking passive income and retirement [...], dividend investment has always been an attractive option.
Shareholders (or potential shareholders) of DICK'S Sporting Goods, Inc. (NYSE: DKS) will be happy to see...
Nvidia's (NASDAQ: NVDA) share price has risen 140% so far this year, which is on top of the staggering 750% increase in the past three years. Buying popular technology stocks like Nvidia can be tricky. On the one hand, in the long run, NVIDIA has obvious opportunities to increase revenue and expand profits. Before deciding to buy Nvidia at these high points, the following most important factors need to be considered.
In this article, we will discuss 10 dividend aristocrats to buy in 2022. If you want to skip our detailed analysis of these stocks, please go directly to the 5 dividend aristocrats to buy in 2022. Dividend aristocrats are some of the most profitable investment options, as these stocks have been raising dividends […]
Lithium prices are rising at the fastest rate in years, triggering a race to ensure supply and heightening concerns about chronic shortages of an important ingredient in rechargeable batteries, which are everything from electric cars to smartphones. Products provide power.
Wells Fargo believes that American Express shares have greater upside potential. why is that.