Dublin, July 28, 2020 (GLOBE NEWSWIRE) — The “GCC Automotive Wiring Harness Market by Application, Vehicle Type: Opportunity Analysis and Industry Forecast, 2019-2026” report has been added to ResearchAndMarkets.com’s offering.
Automotive wiring harness is an electrical assembly of various components in a vehicle that transmits power and information to a single system. It plays an important role in transmitting information about the operation of the vehicle, sending & receiving sensor signals, and supplying power.
The wiring harnesses in vehicles are designed to use less space inside the car, to provide additional protection to the wire, and to provide secure attachment points, to meet the challenges of vibration, friction, and other hazards. Cars, two-wheelers, and trucks have separate harnesses for many on-board systems, including battery and power supply, ignition sets, steering column, cruise control, anti-lock braking, indicator (dashboard) cluster, interior lighting, interior safety and security, front-end lights, rear lights, doors (locks and window controls), trailer-hitch wiring, and more recently, rear-camera systems, mobile and Bluetooth connections, and GPS or satellite navigation systems.
The GCC automotive wiring harness market is driven by increase in wealth of population, rise in disposable income, lower cost of vehicle ownership, attractive insurance and financing options, and availability of low-cost fuel. Furthermore, rise in demand for premium cars as well as different strategies to expand the consumer base are the factors are propelling the growth of the wiring harness market in the GCC region.
Implementation of VAT and some stricter government regulations in GCC countries and fluctuations in exchange rate coupled with grey imports and regulations to reduce carbon emissions are some major restraining factors of this market.
Furthermore, rise in investments in vehicle and component manufacturing and surge in automotive aftermarket ensure emerging growth opportunities for this market. In addition, increase in technology adoption, vehicle customization, and various merger and investment strategies from the giant players to expand their business can be attributed to rise in sales of vehicles in GCC. These factors are projected to offer lucrative opportunities for the automotive wiring harness market in the GCC region.
At present, Saudi Arabia is dominating the market in terms of revenue, followed by the UAE, Kuwait, Oman, Qatar and Bahrain.
The GCC automotive wiring harness market is segmented on the basis of application, and vehicle type. Body wiring harness, engine wiring harness, chassis wiring harness, HVAC wiring harness, and sensors wiring harness are studied under the application segment. Based on vehicle type, the market is categorized into passenger car, commercial vehicle, and two wheeler.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents the analytical depiction of the GCC automotive wiring harness market, along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY FINDINGS OF THE STUDY
In 2018, by application, the chassis wiring harness type segment generated the highest revenue.
In 2018, by vehicle type, the passenger car segment was the highest revenue contributor.
In 2018,GCC region-wise, Saudi Arabia contributed the highest revenue, followed by Bahrain, UAE, Kuwait, Oman, and Qatar.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter’s five forces analysis
3.4. Key Player Positioning (2018)
3.5. Market dynamics
188.8.131.52. Increase in disposable income
184.108.40.206. Availability of fuel at competitive prices
220.127.116.11. Implementation of VAT and stricter government regulations in GCC countries
18.104.22.168. Fluctuations in exchange rate
22.214.171.124. Rise in investments in vehicle and component manufacturing
126.96.36.199. Growth in automotive aftermarket
CHAPTER 4: GCC AUTOMOTIVE WIRING HARNESS MARKET, BY APPLICATION
4.2. Body wiring harness
4.3. Engine wiring harness
4.4. Chassis wiring harness
4.5. HVAC wiring harness
4.6. Sensors wiring harness
CHAPTER 5: GCC AUTOMOTIVE WIRING HARNESS MARKET, BY VEHICLE TYPE
5.2. Passenger car
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Commercial vehicle
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
CHAPTER 6: GCC AUTOMOTIVE WIRING HARNESS MARKET, BY REGION
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by country
6.2.3. Market size and forecast, by application
6.2.4. Market size and forecast, by vehicle type
6.2.5. Market analysis by country
188.8.131.52. Saudi Arabia
184.108.40.206. United Arab Emirates (UAE)
CHAPTER 7: COMPANY PROFILES
7.1. LOCAL PLAYERS
7.1.1. Kromberg & Schubert
7.1.2. Amit (Abdulla Moh’d Ibrahim Trading Est.)
7.1.3. Mssl Mideast FZE (Subsidiary of Motherson Group)
7.1.5. Sumitomo Electric Industries, Ltd.
7.2. GLOBAL PLAYERS
7.2.2. THB Group
7.2.3. FEDERAL-MOGUL (SUBSIDIARY OF TENNECO)
7.2.4. Furukawa Electric Co., Ltd.
7.2.5. Lear Corporation
7.2.7. YAZAKI CORPORATION
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