The latest market report published by Credence Research, Inc. is “Global Automotive Wire Harnessing Tape Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Automotive Wire Harnessing Tape Market generated around USD XX billion in 2021 and is anticipated to grow a CAGR of over XX% during the forecast period from 2022 to 2028 to reach around USD XX billion in 2028.
An automotive wiring harness is an electrical assembly of various electronic components that assist in transmitting power and information to various modules in a vehicle. It is one of the most important components for controlling total current flow throughout a vehicle, including electrical devices, wipers, and other electronic components. The assembled parts include speed sensors, heating, electrical devices, air conditioning (HVAC), ventilation, and other electrical parts. It is crucial in connecting various components and ensuring the safety of vehicles.
The primary distinction between an automotive and a standard harnessing tape is the adaptors used and the testing performed. The wiring harness in vehicles protects the wiring from automotive vibrations, moisture, and abrasion. The rapid growth of the automobile industry due to technological advancement features implemented in vehicles drives the automotive wire harnessing tape market growth during the forecast period. All car manufacturers are developing vehicles with advanced safety and electronic features. Deploying such wiring harness tape systems also complies with government regulations for fuel consumption and emissions while enhancing the fuel efficiency of the vehicles. Growing demand for electric vehicles is also anticipated to propel the global automotive wire harnessing tape market forward over the forecast period. However, durability issues with some materials and volatility in raw material prices are expected to impede the market growth.
Browse Global Automotive Wire Harnessing Tape Market report-https://www.credenceresearch.com/report/automotive-wire-harnessing-tape-market
The global automotive wire harnessing tape market is bifurcated into Material, Adhesive, Product, Thickness, Applications, and Geography. Based on the material type, the market is categorized into plastic, rubber, foam, metal foils, and others. Based on the adhesive type, the market is divided into acrylic-based, rubber-based, and silicone-based. Based on the product type, the global market is segmented into water-soluble, fire-resistant, and semi-conductive. Based on the thickness, the market is categorized into 0.1mm – 0.15 mm, 0.15 mm – 0.2 mm, 0.2 mm – 0.25 mm, 0.25 mm – 0.3 mm, and above 0.3 mm. Based on applications, the global market is divided into power cable/wire, communications cable/wire, and industrial cable/wire. The market is categorized geographically into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Asia Pacific dominated the global automotive wire harnessing tape market in 2021 and accounted for a significant portion of market revenue owing to the region’s actively expanding automotive industry and growing automobile production rates in China, Japan, and India. Increasing adoption of enhanced convenience and safety features in mid-segment vehicles, combined with the availability of low-cost labor in the region, is also driving the expansion of the automotive wire harnessing tape industry. China is also expected to account for roughly 60% of total automotive wiring harness tape sales in the Asia Pacific in 2021.
Why to Buy This Report-
- The report examines the global automotive wire harnessing tape market by segment, current trends, drivers, restraints, opportunities, challenges, and market dynamics from 2016 to 2020, with 2021 as the base year and 2022-2028 as the projected period.
- The report provides competitive landscape information, such as how the market’s key players operate at the global, regional, and country levels.
- In-depth analysis of the global automotive wire harnessing tape market segmentation by material type, adhesive type, product type, thickness, and applications.
- The report contains comprehensive and authentic data for all factors, including CAGR, consumer purchasing trends, supply and demand, and major regional countries’ import/export statistics.
- The automotive wire harnessing tape market report includes global, regional, and country-level market analysis, key market trends, major players analysis, market growth strategies, and key application areas.
The Global Automotive Wire Harnessing Tape Market is Segmented into:
|Forecast Period||2022 – 2028|
|Historical Year||2016 – 2021|
|By Material Type (2016–2028; US$ Bn)|
|By Adhesive Type (2016–2028; US$ Bn)|
|By Product Type (2016–2028; US$ Bn)|
|By Thickness (2016–2028; US$ Bn)|
|By Application (2016–2028; US$ Bn)|
|By Geography Segment (2016–2028; US$ Bn)|