Rise in adoption of electric vehicles, development of vehicles with advanced safety features, and advancements in wiring harnesses drive the growth of the India commercial vehicle wiring harness market. The Covid-19 pandemic hampered the sale of commercial vehicles due to sudden fall in availability of raw materials for vehicles.

Portland, OR, Nov. 17, 2022 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the India commercial vehicle wiring harness market was pegged at $774.4 million in 2021, and is estimated to reach $1.47 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031. The report provides an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.  

Download Free Sample - https://www.alliedmarketresearch.com/request-sample/31986

Report coverage & details:

Report Coverage	Details
Forecast Period	2022–2031
Base Year	2021
Market Size in 2021	$774.4 million
Market Size in 2031	$1.47 billion
CAGR	6.8%
No. of Pages in Report	144
Segments Covered	Material, Propulsion, Vehicle Type, Voltage, and Application
Drivers	Rise in adoption of electric vehicles
	Development of vehicles with advanced safety features
	Advancements in wiring harnesses
Opportunities	Technological advancement in commercial vehicles
	Development in construction industry
Restraints	High maintenance costs
	Durability issues

Covid-19 scenario:

• The Covid-19 pandemic hampered the sale of commercial vehicles due to sudden fall in availability of raw materials for vehicles.
• The ban on import-export disrupted the supply chain and negatively affected on the growth of the market.

The India commercial vehicle wiring harness market is segmented on the basis of material, propulsion, vehicle type, voltage, and application. Based on material, the copper segment held the largest share in 2021, accounting for nearly three-fourths of the market. However, the aluminum segment is estimated to register the highest CAGR of 8.6% during the forecast period.

On the basis of propulsion, the ICE vehicles segment held the lion’s share in 2021, contributing to more than 90% of the market. However, the electric vehicles segment is projected to manifest the highest CAGR of 11.2% during the forecast period.

Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/31986

Based on vehicle type, the commercial vehicles segment held the largest share in 2021, accounting for around 90% of the market. However, the construction equipment segment is projected to register the highest CAGR of 8.7% during the forecast period.

On the basis of voltage, the low voltage segment dominated the market in terms of revenue in 2021, contributing to more than 90% during the forecast period. However, the high voltage segment is projected to register the highest CAGR of 9.0% during the forecast period.

The India commercial vehicle wiring harness market report include an in-depth analysis of the major market players such as Aptiv PLC, Cypress Industries, Dhoot Transmission Pvt. Ltd., Fujikura Ltd., Furukawa Electric Co. Ltd., Lear Corporation, Robert Bosch GmbH, Samvardhana Motherson Group, Spark Minda, and Yazaki Corporation.

The report analyzes these key players in the India commercial vehicle wiring harness market. These players have adopted various strategies such as new product launches, expansion, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player.

Procure The Research Report - http://bit.ly/3geXAi4

Similar Reports We Have on Wiring Harness Industry:

India Automotive Wiring Harness Market Research Report 2022-2030

Railway Wiring Harness Market Research Report 2022-2030

GCC Automotive Wiring Harness Market Research Report 2022-2030

Automotive Wiring Harness Market Research Report 2022-2030

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/automotive-and-transportation
Follow Our Blog: www.theinnovativereport.com