[ad_1]
New York, Aug. 03, 2022 (GLOBE NEWSWIRE) — The Insight Partners published latest research study on “Wire Harness Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type (Wire Harness Connector, Wire Harness Terminal, and Others), Material (PVC, Vinyl, Thermoplastic Elastomer, Polyurethane, and Polyethylene), and End User (Automotive, Marine, Aerospace and Defense, Consumer Durables, Medical, Agriculture, Industrial, and Others)” The global wire harness market growth is driven by growing technological advancements in automobiles increasing wire and cable consumption.
Request Sample PDF Brochure of Wire Harness Market Size – COVID-19 Impact and Global Analysis with Strategic Developments at: https://www.theinsightpartners.com/sample/TIPRE00017188
| Market Size Value in | US$ 88.63 billion in 2022 |
| Market Size Value by | US$ 129.99 billion by 2028 |
| Growth rate | CAGR of 6.6% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
| No. of Pages | 167 |
| No. Tables | 83 |
| No. of Charts & Figures | 84 |
| Historical data available | Yes |
| Segments covered | Product Type, Material, and End User |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
The wire and cable consumption has increased due to the growth in manufacturing and infrastructure in telecommunication, power, residential and other sectors. Moreover, the development of renewable energy is also one of the factors that propel the wire harness market growth. Government initiatives also contribute to the increasing demand for wire harnesses. For instance, the government of India is trying to provide power to all over the country. They are trying to meet the power demands of the country and the end-users from the industrial sector, which has put a strain on manufacturers to deploy more products into the markets. This initiative increased the consumption as well as the production of wire and cables in the power industry in several countries including India.
Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00017188
Wire Harness Market Analysis: Competitive Landscape and Key Developments
DRÄXLMAIER Group; Fujikura Ltd.; Furukawa Electric Co. Ltd.; Lear; LEONI; Motherson Group; Nexans; Sumitomo Electric Industries, Ltd; THB Group; Yazaki Corporation; Yura Corporation are a few key wire harness market players. Several other players were also analyzed for a holistic view of the wire harness market size and ecosystem.
- In March 2021, Lear acquired M&N Plastics, Michigan-based engineered plastic components for automotive electrical distribution manufacturer and injection molding specialist. This acquisition extends Lear’s capacity to produce high voltage wiring harnesses.
- In July 2021, Nexus expanded its production capacity by opening of cable harness production facility at Tinjanin, China. In addition to this facility, Nexans owns a global production capacity of production of more than a million harnessed cables every year.
Avail Lucrative DISCOUNTS on “Wire Harness Market” Research Study: https://www.theinsightpartners.com/discount/TIPRE00017188
Industries, such as food & beverages and automobile, reduced their production in 2020 due to the COVID-19 pandemic. The wire harness market participants were adopting various strategies to stay competitive in the market. For instance, in September 2020, Furukawa Automotive Systems Inc. announced opening its new production facility in North America and Japan to accelerate its production capacity of these products. As soon as industries, such as automobile, food & beverages, and manufacturing, started to stabilize in Q3 of 2021, the revenue of these industries showcased positive momentum, and the requirement for wire harnesses increased, propelling the wire harness market size in North America. Other factors include the adoption rate in several industries, making it a preferred choice among the end-users.
Wire Harness Market: Impact of COVID-19 Pandemic
In 2020, many electronics and semiconductor manufacturers, including wire harness market players, were operating with a limited workforce or halted their production due to lockdown, which affected the supply chain to some extent. Thus, wire harness market players could not meet their delivery timelines. The global value chains were constrained and there were challenges in global trade, volatility in raw material prices and supply-chain bottle-necks. The limited availability of raw materials led to low production of the wiring harness in the US. However, in the residential sector, the demand for appliances increased during the pandemic, as people stayed indoors. Thus, as soon as the markets reopened, electronics manufacturers started their operations, which increased the demand for these harnesses in several markets.
Directly Purchase Premium Copy of Wire Harness Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00017188
Browse Adjoining Reports:
Wire Harness Tape Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Plastic, Rubber, Foam, Metal Foils, Others); Application (Power wire, Communications wire, Industrial wire) and Geography
Electric Vehicle Wiring Harness Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Vehicle Type [Plug-in Hybrid Electric Vehicles (PHEV), Battery Electric Vehicles (BEV), Hybrid Electric Vehicles (HEV), and Fuel Cell Battery Electric Vehicles (FCBEV)], Product Type (High Voltage Wiring Harness and Medium Low Voltage Wiring Harness), and Material Type (Copper-Clad Wire, Aluminum Alloy Wire, Glass Optical fiber, Plastic Optical Fiber, and Others)
Boat Wiring Harness Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Boat Type (Electric Boats, Hybrid Boats, Gasoline Boats); Length (Less Than 5.0 Feet, 5.1 – 10.0 Feet, 10.1 – 15.0 Feet, 15.1 – 20.0 Feet, More Than 20.1 Feet) and Geography
Aerospace Wiring Harness Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Aircraft Type (Fixed Wing, Rotary); Application (Wing, Fuselage, Empennage, Interior, Front Section, Engine); End User (Commericial, Military) and Geography
Railway Wiring Harness Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component (Wire, Terminal, Connector, Others); Cable Type (Jumper Cable, Power Cable, Transmission Cable, Others); Material (Copper, Aluminum, Others); Application (Brake Harness, Engine Harness, HVAC Harness, Lighting Harness, Infotainment Harness, Traction System Harness, Others); Train Type (Light Rail, High-Speed Rail/Bullet Train, Metro/Monorail) and Geography
Commercial Vehicle Wiring Harness Market to 2027 – Global Analysis and Forecasts by Vehicle Type (Light Commercial Vehicles and Medium & Heavy Commercial Vehicles); LCV Type (SUV, Pickups, Minitrucks, and Minivans); M&HCV Type (Medium and Heavy Trucks, Heavy Mining Vehicle, Heavy Construction Vehicle, Heavy Agriculture Vehicle, and Medium Agriculture Vehicle/Tractor)
Insulated Wire and Cable Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Installation (Overhead, Underground, Submarine); Material (Optical Fiber, Plastic, Metal); Volatge (High Voltage, Medium Voltage, Low Voltage); End-User (Electronics, Telecommunications, Automotive, Energy and Power, Others) and Geography
EDM Wire Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Wire Type (Brass, Copper); End-User Industry (Aerospace, Industrial, Others) and Geography
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/wire-harness-market
[ad_2]
Source link
