Research & Markets: Automotive Wiring Harness Market in the APAC Region 2015-2019 with Delphi Automotive, Furukawa Electric, ...
31 January 2015 - 6:41AM
Business Wire
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:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit
http://www.researchandmarkets.com/research/dfpmqz/automotive_wiring.
Research and MarketsLaura Wood, Senior
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U.S.): +353-1-481-1716Sector: Automotive