Europe Automotive Wiring Harness Market Size, Share & Industry Trends Analysis Report By Material, By Application, By Propulsion (ICE Vehicles, Electric Vehicles, and Hybrid Vehicles), By Voltage, By Vehicle Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Automotive Wiring Harness Market would witness market growth of 4.2% CAGR during the forecast period (2022-2028).
To reduce space and fulfill other requirements, automobile parts are becoming more and more dependent on electronics. Wiring harnesses made by SEWS, experts at effectively designing and configuring complex circuits, greatly improve the development and advancement of car manufacturers across the world.
During the design and every year after, Wire Harness Tapes are evaluated to OEM performance criteria. A harness tape's validation considers the level of operational and environmental stress it will face throughout its ten-year or longer lifespan. Understanding real-world applications are necessary to comprehend the function that each necessary testing criterion serves. The stakes are higher due to evolving electrical system designs and the requirement for longer product lives. A performance specification may involve evaluations of, among other things, flame retardant qualities, aging at particular operating temperatures, abrasion resistance, and resistance to vehicle fluids.
The contemporary automobile is a miracle, the result of complex systems and parts that work together to transport a person from point A to point B. For the transportation of cherished family and friends, consumers rely on automobile manufacturers to deliver safe and dependable goods. Consequently, both governmental organizations and insurance companies rigorously evaluate vehicles for crash damage.
Several European governments have set ambitious targets for reducing carbon emissions and the amount of electric vehicle stock needed by 2020. Some European countries, such as France and Belgium, are focusing on building the necessary infrastructure for electric vehicle charging to enable interoperability among various electric vehicles within the region. Even while the number of legal ULEV vehicles on UK roads has increased, just a small percentage of all licensed vehicles are ULEVs.
The Germany market dominated the Europe Automotive Wiring Harness Market by Country in 2021; thereby, achieving a market value of $4.3 billion by 2028. The UK market is experiencing a CAGR of 3.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 4.9% during (2022 - 2028).
Based on Material, the market is segmented into Copper, Aluminum, and Others. Based on Application, the market is segmented into Chassis, Engine, Dashboard & Cabin, Body & Lighting, HVAC, and Others. Based on Propulsion, the market is segmented into ICE Vehicles, Electric Vehicles, and Hybrid Vehicles. Based on Voltage, the market is segmented into Low and High. Based on Vehicle Type, the market is segmented into Passenger Cars, Commercial Vehicles, and Two-Wheeler. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lear Corporation, Aptiv PLC, Sumitomo Electric Industries, Ltd., Fujikura Ltd., Nexans SA, Furukawa Electric Co., Ltd., Samvardhana Motherson International Ltd, Leoni AG, Yazaki Corporation and Yura Corporation
Scope of the Study
Market Segments Covered in the Report:
- Dashboard & Cabin
- Body & Lighting
- ICE Vehicles
- Electric Vehicles
- Hybrid Vehicles
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Lear Corporation
- Aptiv PLC
- Sumitomo Electric Industries, Ltd.
- Fujikura Ltd.
- Nexans SA
- Furukawa Electric Co., Ltd.
- Samvardhana Motherson International Ltd
- Leoni AG
- Yazaki Corporation
- Yura Corporation
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