QYR Market Research Global Automotive Wiring Harness market research | 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.
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• 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 5.23% from 2017 to 2025.
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.