QYR Market Research Global Automotive Wiring Harness market report | Page 3

QYResearch
• Wire harnesses are vital components within modern transportation platforms such as
automobiles, distributing power and signals between the various devices that deliver
electrical and electronic functionality.
• Increase in overall vehicles production across the globe and upcoming legislation for
safety technologies in developing countries are the major factors fuelling the growth
of Automotive Wiring Harness. The Automotive Wiring Harness market has
witnessed positive growth in developing countries along with developed ones. The
global Automotive Wiring Harness market, in terms of value, is projected to grow at
a CAGR of 4.9% from 2016 to 2022. The market of the Asia-Pacific region is growing
at a significant rate; whereas the European and North American markets are
matured and thus, the demand for the same is estimated to grow at a decent rate.
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