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The global Automotive Wiring Harness market is projected to grow from USD 47.0 billion in 2021 to USD 57.4 billion by 2026, at a CAGR of 4.1% during the forecast period. Increasing vehicle production, increase in demand for advanced features in vehicles, and growing penetration of electric vehicles are the major factors driving the growth of the automotive wiring harness market.<br><br>Download E-Brochure - https://www.marketsandmarkets.com/Market-Reports/automotive-wiring-harness-market-170344950.html<br>
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Automotive Wiring Harness market Automotive Wiring Harness Market worth $57.4 billion by 2026 By MarketsandMarkets.com
MarketsandMarkets.com AUTOMOTIVE WIRING HARNESS MARKET WORTH $57.4 BILLION BY 2026 The global Automotive Wiring Harness market is projected to grow from USD 47.0 billion in 2021 to USD 57.4 billion by 2026, at a CAGR of 4.1% during the forecast period.
MarketsandMarkets.com AUTOMOTIVE WIRING HARNESS INDUSTRY The growing demand for premium vehicles is expected to increase the automotive wiring harness demand. This is because vehicle electrification and more advanced features would lead to more usage of connectors and electronics in the vehicle for its various functions. DOWNLOAD PDF BROCHURE
MarketsandMarkets.com AUTOMOTIVE WIRING HARNESS INDUSTRY In the past few years, the Asia Pacific region has experienced an increase in demand for luxury vehicles. The luxury/premium segment vehicles are equipped with advanced body electronic functions that require additional automotive wiring harnesses for proper functioning. Thus, the region is estimated to dominate the automotive wiring harness market with a 57.6% share in 2021. www.marketsandmarkets.com/Market-Reports/automotive-wiring-harness-market-170344950.html
MarketsandMarkets.com MAJOR PLAYERS IN AUTOMOTIVE WIRING HARNESS MARKET Automotive wiring harness is a consolidated market where top 5 players contribute to 45- 55% of the market. Yazaki Corporation (Japan), Sumitomo Electric Industries (Japan), Aptiv PLC (Ireland), Furukawa Electric (Japan), and Leoni AG (Germany) are the prominent players in the automotive wiring harness market. www.marketsandmarkets.com/Market-Reports/automotive- wiring-harness-market-170344950.html
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