Research and Markets (http://www.researchandmarkets.com/research/dfpmqz/automotive_wiring) has announced the addition of the "Automotive Wiring Harness Market in the APAC Region 2015-2019" report to their offering.

The Automotive Wiring Harness market in the APAC region to grow at a CAGR of 9.5% over the period 2014-2019.

An automotive wiring harness, usually the last component to be finalized on a vehicle prototype, is an assemblage of cables or wires used in automobiles to transfer 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 better safeguards the wires against the impact of vibrations than individual electric wires in automobiles. In addition, it is better secured from abrasions and moisture. The number of components to be connected in an automobile is increasing, hence, complicating the design of the automotive wiring harness. Companies have developed design software and CAD tools to design automotive wiring harnesses.

The outsourcing of manufacturing services to low-cost countries is one major trend in the market. An increase in volume of exports from low-cost countries such as China is expected to contribute to the growth of the market. Rising manufacturing costs have forced players in the market to shift their operations to countries where they can obtain labor, raw materials, and other facilities at a low cost, and this reduces manufacturing costs and gives them an edge over competitors.

According to the report, one of the key drivers of this market is growing demand from China and India. In these countries, economic growth has improved the financial status of people, leading to increase in disposable income. This has increased the size of various markets, including the Vehicle markets across China and India.

Further, the report states that complexity in the design of the wiring harness is one of the major challenges that the market faces. A wiring harness is used to integrate the functioning of various electrical parts in a vehicle; thus, designing the whole circuit is a complex and cumbersome process. Despite increased modernization of the automotive assembly line, wiring harnesses are manufactured manually or using semi-automatic machines for a few operations.

Key Vendors

  • Delphi Automotive
  • Furukawa Electric
  • Lear
  • Leoni
  • Sumitomo Electric Industries
  • Yazaki

Other Prominent Vendors

  • CTI Industries
  • Electrical Components International
  • Fujikura Zhuhai
  • Gold Peak Industries
  • GP Auto Parts
  • Motherson Sumi Systems
  • PKC
  • Prestolite Wire

Key Topics Covered:

  1. Executive Summary
  2. List of Abbreviations
  3. Scope of the Report
  4. Market Research Methodology
  5. Introduction
  6. Market Landscape
  7. Key Leading Countries
  8. Buying Criteria
  9. Market Growth Drivers
  10. Drivers and their Impact
  11. Market Challenges
  12. Impact of Drivers and Challenges
  13. Market Trends
  14. Trends and their Impact
  15. Vendor Landscape
  16. Key Vendor Analysis

For more information visit http://www.researchandmarkets.com/research/dfpmqz/automotive_wiring.

Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.comFor EST Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716Sector: Automotive