Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Secondary Wiring Harness Market Researc

Automotive Secondary Wiring Harness Market 2019
Automotive Secondary Wiring Harness Market 2019 is latest research report by
MarketResearchFuture, the global Automotive Secondary Wiring Harness market is
expected to Register High Growth Rate during 2019 To 2023. Report analyzes Automotive
Secondary Wiring Harness Market Key Companies with Size, Share, Trends analysis, and
Key Country Forecast to 2023. Automotive Secondary Wiring Harness Market Information
is segmented by Application (Cabin, Door Harness, Engine, Electronic Parking Brakes,
Airbag Harness, and Electronic Gear Shift System), by Vehicle Type (ICE and EV), by
Region- Forecast till 2023
The Key Players in Automotive Secondary Wiring Harness Market Are:
Sumitomo Electric Industries, Ltd. (Japan), Lear Corporation. (US), Aptiv PLC (UK), Yazaki
Corporation. (Japan), and Furukawa Electric Co., Ltd. (Japan), Nexans (France),
Samvardhana Motherson Group. (India), Leoni AG (Germany), THB Group. (China) and
Spark Minda, Ashok Minda Group (India) are amongst the other important players in this
market.
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Market Scenario:
A wiring harness is a structured set of wires, terminals and connectors, which run
throughout the vehicle and relay information and electric power. Technologies such as
advanced infotainment system and safety and security system have augmented the
instances of assembling secondary wiring harnesses in a vehicle.
Several factors aid the growth of the global automotive secondary wiring harness market,
the primary being an increase in electric vehicle production to trigger the demand. In
recent years, the sales of electric vehicle sales in North America have increased
significantly. Thus, with many of these vehicles being assembled in U.S., federal and state
incentives also play a major role in boosting EV sales, making EVs more affordable. For
instance, in May 2017, the U.S. Department of Energy estimated that refueling the average
EV cost the equivalent of gasoline priced at only USD 1.17 per gallon, roughly half the price
of gasoline. According to IEA, China was by far the largest electric car market, accounting
for more than 40% of global sales of electric cars and more than double the amount sold in
U.S in 2016.
Of late, the demand for electric vehicle products is rising rapidly. These products have a
wide voltage range (from low voltage to high voltage) and require a special set of wires for