Wire Harness Market – 47% of Growth to Originate from APAC | Evolving Opportunities with Aptiv Plc & BorgWarner Inc | Technavio – QNT Press Release


NEW YORK, May 27, 2022 /PRNewswire/ — The wire harness market share is expected to increase to USD 35.17 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.7% as per the latest market report by Technavio. The wire harness market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. Aptiv Plc, BorgWarner Inc., Coroplast Fritz Muller GmbH and Co. KG, Cypress Holdings Ltd. dba Cypress Industries, Fujikura Co. Ltd., Furukawa Electric Co. Ltd., Kromberg and Schubert Automotive GmbH and Co. KG, Kyungshin Co. Ltd., Lear Corp., Leoni AG, Minda Corp. Ltd., Molex LLC, Motherson Sumi Systems Ltd., Nexans SA, Pacific Insight Electronics Corp., Prysmian Spa, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., and YURA Corp. are among some of the major market participants.

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The competitive scenario provided in the Wire Harness Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share , etc. Don’t wait, Make a strategic approach & boost your business goals with our Wire Harness Market Forecast Report – Buy Now!

Wire Harness Market 2022-2026: Scope

The wire harness market report covers the following areas:

Wire Harness Market 2022-2026: Drivers & Challenges

The increasing automotive sales have been instrumental in driving the growth of the market. However, the short life cycle of wire harnesses might hamper the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Wire Harness Market 2022-2026: Segmentation Analysis

  • Application
    • Automotive
    • Telecom
    • Medical
    • Others
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • Middle East And Africa

Wire Harness Market 2022-2026: Regional Analysis

47% of the market’s growth will originate from APAC during the forecast period. China, Japanand India are the key markets for wire harnesses in APAC. Market growth in this region will be faster than the growth of the market in other regions. The presence of several domestic car manufacturers, increasing smartphone penetration, and rapid increase in rural subscribers will facilitate the wire harness market growth in APAC over the forecast period.

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Wire Harness Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist wire harness market growth during the next five years
  • Estimation of the wire harness market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the wire harness market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the wire harness market, vendors

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Wire Harness Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.7%

Market growth 2022-2026

USD 35.17 billion

Market structure

Concentrated

YoY growth (%)

4.7

Performing market contribution

APAC at 47%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aptiv Plc, BorgWarner Inc., Coroplast Fritz Muller GmbH and Co. KG, Cypress Holdings Ltd. dba Cypress Industries, Fujikura Co. Ltd., Furukawa Electric Co. Ltd., Kromberg and Schubert Automotive GmbH and Co. KG, Kyungshin Co. Ltd., Lear Corp., Leoni AG, Minda Corp. Ltd., Molex LLC, Motherson Sumi Systems Ltd., Nexans SA, Pacific Insight Electronics Corp., Prysmian Spa, …

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