 of 4.9% during 2023-2028.){kind=link}
According to the latest report by IMARC Group, titled, “India Automotive Wiring Harness Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India automotive wiring harness market is expected to exhibit a growth rate (CAGR) of 4.9% during 2023-2028.
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. In addition, the elements in automotive wiring harnesses are designed to ensure reliable energy transmission and work efficiently under vibration, moisture, high temperatures, and noise. As a result, 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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India Automotive Wiring Harness Market Trends and Drivers:
The escalating demand for electric vehicles (EVs) in individuals, on account of the rising environmental concerns, inflating disposable incomes, and the elevating fuel prices, is among the primary factors fueling 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 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
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
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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