Sumitomo Electric Industries Ltd. (Japan) – CRI Report https://www.cri-report.com market research vender! Tue, 16 Nov 2021 00:29:11 +0000 en-US hourly 1 https://www.cri-report.com/wp-content/uploads/2021/01/cropped-shcrilogo-c.jpg Sumitomo Electric Industries Ltd. (Japan) – CRI Report https://www.cri-report.com 32 32 Global Automotive Wiring Harness Market Research Report https://www.cri-report.com/global-automotive-wiring-harness-market/ Mon, 24 Dec 2018 02:00:06 +0000 https://www.cri-report.com/product/import-placeholder-for-180459/ The global automotive wiring harness market is estimated to register a 6.35% CAGR during the forecast period from 2018 to 2023.

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The global automotive wiring harness market is estimated to register a 6.35% CAGR during the forecast period from 2018 to 2023. In 2016, The global automotive wiring harness market was led by Asia-Pacific with a 45.22% share, followed by Europe and North America with shares of 25.33% and 22.01% respectively.

A wiring harness is an assembly of wires, terminals and connectors that run all over the vehicle and transmit signals and electric power, to connect a variety of components. They are a set of loose wires congregated into a single covering for a more organized system. They assist in starting the engine, lights, meters, navigation systems, power windows and doors, and other devices in the vehicle.

In addition, wiring harness are used to set up electric circuits in automobiles and are designed to provide effective functioning of operations in the extreme conditions. The wiring harness in automotive offers various benefits including reduced installation time, improved fuel efficiency, and reduced risk of shorts in electrical system.

In addition, a harness secures wires and cables against the adverse effects caused by abrasions, moisture, and vibrations in the car. Currently, increasing demand for latest systems in the vehicle coupled with rising trend of assimilating advanced features for improved performance and driving experience is anticipated to propel the market demand for wiring harness in automotives.

In addition, technological advancements in the automotive electrical systems owing to increasing trend of mounting additional features in the vehicles is projected to drive the market demand for automotive wiring harness.

Moreover, growing complexities of on-board electronics coupled with stringent regulations to reduce greenhouse gas emissions and fluctuating fuel prices are anticipated to escalate the market demand for automotive wiring harness over the forecast period.

However, factors such as high cost of wiring harness and over-heating or short circuit of the wiring harness are some factors expected to hamper the market growth during the forecast period.

Asia-Pacific is expected to be the fastest-growing market for automotive wiring harness during the forecast period. Increase in production coupled with the increased demand for advanced driver assistance systems in the developing nations of the region such as China and India is expected to increase the regional demand for automotive wiring harness.

Moreover, the presence of a large number of long-established automotive manufacturers in Europe is anticipated to propel the demand for automotive wiring harness in the region. In addition, immense demand of commercial vehicles in United States is expected to enable the growth of the auto components suppliers including the automotive wiring harness in North America over the forecast period.

Related reports: Research Report on Automotive Wiring Harness Industry in China, 2017-2021

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]]> Global Automotive Aftermarket Research Report – Forecast to 2023 https://www.cri-report.com/global-automotive-aftermarket-research-report-forecast-to-2023/ Mon, 15 Oct 2018 03:21:30 +0000 https://www.cri-report.com/product/import-placeholder-for-180409/ Automotive aftermarket is a secondary market of the automotive sector, which involves the sale of automotive components when they need immediate replacement due to emergency situations. They can also be replaced on their regular maintenance schedules. These replacement parts are provided by either authorized providers or independent providers. The change in customer expectations have led the automotive aftermarket players to undertake technological innovation to improve their product specifications and lower the component costs. Such initiatives drive the market. Service providers need to focus on continuous interactions with individual customers and…

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]]> Automotive aftermarket is a secondary market of the automotive sector, which involves the sale of automotive components when they need immediate replacement due to emergency situations. They can also be replaced on their regular maintenance schedules. These replacement parts are provided by either authorized providers or independent providers.
The change in customer expectations have led the automotive aftermarket players to undertake technological innovation to improve their product specifications and lower the component costs. Such initiatives drive the market. Service providers need to focus on continuous interactions with individual customers and traders of mobility solutions in order to continue adding up in the automotive aftermarket business. Customer satisfaction in aftermarket requires the identification of the problem areas to elevate the experience of the user mobility solutions. Furthermore, vertical and horizontal integration of new technology concepts are important to improve the efficiency and quality of the engine parts. The market could be restrained by the lack of infrastructure and technology in emerging countries.
For this study, global automotive aftermarket has been segmented based on offering, channel, vehicle age, vehicle type, and region. On the basis of offering, the market has been segmented into parts and services. Parts segment has the larger market size as, a part is an internal element of the vehicle that if crucial, needs immediate replacement. On the basis of channel, the market is segmented into authorized repair and independent repair. Among these, independent repair has the larger market size as they offer attractive prices, improved service quality and speedy delivery along with diagnostics specialists. On the basis of vehicle age, the market is segmented into 0-4 years, 4-8 years and above 8 years. Above 8 years segment holds the largest share as the owner opts for cheaper alternatives for parts and services during this age of the vehicle. On the basis of vehicle type, the market is segmented into passenger and commercial vehicle. Passenger vehicle holds the larger share due to the rising demand of passenger cars among the population and increasing per capita income in emerging countries. On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world.

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