Automotive Wiring Harness Market worth $59.2 Billion by 2019 – New Report by MarketsandMarkets

Dallas, TX (PRWEB) November 20, 2014

The report Automotive Wiring Harness Market by Vehicle Type (Light Vehicles, Heavy Vehicles), Application Type (Chassis, Body Engine, HVAC, Speed Sensors), by Geography - Global Trends and Forecast to 2019, defines and segments the Automotive Wiring Harness Market with analysis and forecasting of the global volume and value.

Browse 75 market data tables with 46 figures spread through 250 pages and in-depth TOC on Automotive Wiring Harness Market - Global Trends and Forecast to 2019. http://www.marketsandmarkets.com/Market-Reports/automotive-wiring-harness-market-170344950.html

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Asia-Pacific: A Potential Market and Growing at a Significant Rate

The Asia-Pacific region comprises countries such as China, India, Japan, and South Korea. The region is dominated by developing countries such as India and China where the automotive industry is growing at a faster pace. Upcoming safety regulations would increase installation of automotive safety technologies in passenger cars. Also, an increase in the penetration rate of high-end electronics features in passenger cars and growing demand for light and heavy vehicles in Asia-Pacific countries are driving the market for automotive wiring harness. The Automotive Wiring Harness Market of the Asia-Pacific region is projected to grow at a CAGR of 8.4% from 2014 to 2019.

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Europe: Eastern Europe would be the Upcoming Potential Market

Europe is a major hub of many renowned OEMs, which are known for delivering quality and high performance vehicles. Majority of the European vehicles are equipped with high-end electronics and safety features. However, Eastern Europe is still follows the western European countries such as U.K., Germany, France and Italy. This gives an exposure to the OEMs to expand their footprints in Eastern Europe that will foster the demand for automotive wiring harness in Europe. The European Automotive Wiring Harness Market is projected to grow at a CAGR of 7.4% from 2014 to 2019.

North America: Mexico & Canada Have Emerged as Growing Automotive Hubs

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Automotive Wiring Harness Market worth $59.2 Billion by 2019 - New Report by MarketsandMarkets