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However, the high cost associated with the wiring system can pull back the Auto Secondary Wiring Harness Market Share growth during the forecast period. But the market cannot be bottlenecked for long as manufacturers are facing the need for upgradation of the wiring system and EVs are fast becoming the need of the hour. These factors can drive out the Auto Secondary Wiring Harness Market Share out of the reprehensible plateaued state.
Segmentation
The global Auto Secondary Wiring Harness Market Share can be segmented by application.
On the basis of application, the Auto Secondary Wiring Harness Market Share includes cabin, door harness, engine, electronic parking brakes, airbag harness, and electronic gear shift system. In 2016, the cabin harness segment generated the maximum share of the global revenue.
Regional Analysis
Region-based analysis of the Auto Secondary Wiring Harness Market Share spans across North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).
Europe contributes significantly to the global market, and it can be attributed to the presence of several leading automotive manufacturers. At the same time, governments in the region are getting stringent regarding fuel consumption as the exigent demand for the eco-friendly manufacturing process and operational skill has taken the lead. Secondary wiring harness can be seen as a plausible solution for such situations.
The APAC region is getting immense thrust from the local automotive manufacturers. The regional car-makers and the international players, looking for market expansion, constitute the automotive sector of the region. These makers are impacting the Auto Secondary Wiring Harness Market Share considerably.
Market Insight
The Auto Secondary Wiring Harness Market Share is witnessing impressive growth due to innovations, merger, acquisition, collaboration and other methods implemented by manufacturers. For instance, Motherson Sumi Systems (MSSL), the flagship company of the Samvardhana Motherson Group (SMG), recently acquired Reydel Automotive for better product portfolio. Leoni AG and PARC, on the other hand, are collaborating to improve their digital transformation prospects.
The key players in Auto Secondary Wiring Harness Market Share 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) Spark Minda, Ashok Minda Group (India), and others.
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