Automotive Wiring Harness Market Application, Drivers and Trends, Research to 2020; Future Market Insights

Future Market Insights, in its latest report titled,"Global Automotive Wiring Harness Market Analysis and Opportunities Assessment, 2014-2020", states that the global automotive wiring harness market accounted for US$ 42.1 Bn in 2014, and is expected to reach US$ 70.4 Bn, growing at a CAGR of 8.9% through 2020. Western Europe, a key region in the global automotive wiring harness market, is expected to grow at an estimated CAGR of 8.3% during the forecast period.

By vehicle type, the global automotive wiring harness market is segmented into passenger vehicle, commercial vehicle, electric vehicle, and hybrid vehicle. The combined global market for passenger and commercial wiring harness market is expected to reach US$ 58 Bn by 2020. Wiring harness cost is relatively higher in commercial vehicles, and according to FMI's analysis, this segment will register a CAGR of 8.5% during the forecasted period.

By application, the global automotive wiring harness market is segmented into chassis, heat, ventilation and air conditioning (HVAC), and sensors. Chassis and HVAC application segment collectively contributed around 88.9% of market revenue in 2014. Chassis was the largest application in the global automotive wiring harness market in 2014, and is anticipated to continue its dominance through 2020. HVAC is the second largest application segment of the global automotive wiring harness market, and is expected to register the fastest CAGR of 11.7% during the forecast period.

Browse Full: "Automotive Wiring Harness Market: Global Industry Application Analysis, Competitive Analysis, Market value, Company profile, Industry growth,  Segment analysis, Trends, Geography, Size, Regional Outlook, CAGR, Opportunity, Share and Forecast 2014 to 2020, Future Market Insights" Market Research Report at http://www.futuremarketinsights.com/reports/details/global-automotive-wiring-harness-market

Incorporating electronic functions in automotives impacts the cabin space and weight. Considering the compliance to environmental safety guidelines, internal combustion engine (ICE) downsizing is the most efficient way to reduce fuel emission and meet future environmental standards. This is another factor that has provided an impetus to the global automotive wiring harness market.

The key challenges in the automotive wiring harness market are the increasing cost of raw materials and price manipulation by key market players. Utilisation of automotive ethernet represents a new trend in the internal and external connectivity of a vehicle. Automotive ethernet reduces the usage of complex wiring harness designs to a great extent, and this factor can pose a challenge to the global automotive wiring harness market.

The motorization trend has considerably enhanced the economy of Asia Pacific countries, particularly in China, hence resulting in strong growth for the automotive industry with increasing demand of automotive wiring harnesses. Rise in fuel prices, stringent regulations, and consumer awareness concerning carbon emissions have also resulted in many initiatives by automakers, such as internal combustion engine downsizing.

Region-wise, Western Europe is the largest contributor in the global market, and is expected to continue its dominance till 2020. Currently, the Western Europe wiring harness market is valued at US$ 10.2 Bn and is expected to reach US$ 16.4 Bn by 2020. North America and APAC are other major markets and have a share of 19.6% and 20.5% respectively in terms of global automotive wiring harness market revenue. Middle East & Africa (MEA) had the lowest revenue share in 2014, but it is anticipated that it will expand at a CAGR of 9.8% over the forecast period.

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Major market participants in global wiring harness market include Yazaki Corporation, Sumitomo Electric Industries, Denso Corporation, LEONI, Delphi Automotive, Fujikura Ltd., Furukawa Electric Co. Ltd, Lear Corporation, Aisin Seiki Co., Ltd., and Samvardhana Motherson Group.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.

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Food Encapsulation Market: Global Industry Forecast 2015 to 2020; Future Market Insights

Future Market Insights (FMI),with sharp focus on emerging regions, delivers key insights into the global food encapsulation market in its recent report titled, “Food Encapsulation Market: Global Industry Analysis and Opportunity Assessment 2015 - 2020”. According to the report, the global food encapsulation market is projected to witness a single-digit CAGR of 9.4% during the forecast period, accounting for US$ 5464.6 Mn by 2020. The growth is supported by increasing demand for natural flavours and clean label products, which has led to the development of novel products to cater specific needs of consumers.

The global food encapsulation market is segmented on the basis of technology into physical and chemical. The physical segment is projected to account for around 79.0% share of the total food encapsulation market by 2020. The chemical technology segment, on the other hand, is expected to record a CAGR of around 10.1% during the forecast period.

The global food encapsulation market is segmented according to major application into dairy, beverages, bakery, confectionery, dietary supplements, functional food, animal nutrition and others. Of all the aforesaid application segments, the dietary supplements segment is expected to account for around 25.6% share of the overall food encapsulation market by 2020. This growth is attributed to increasing demand for nutritional products among consumers across the globe.

Browse Full "Food Encapsulation Market: Global Industry Analysis and Opportunity Assessment 2015 - 2020"  Report at http://www.futuremarketinsights.com/reports/details/food-encapsulation-market

By core material, the global food encapsulation market is segmented into flavouring agents, lipids, vitamins and minerals, antioxidants, acids, bases, and buffers, amino acids and peptides, enzymes and microorganisms and others. Among these, flavouring agents is expected to record a CAGR of 10.5% during the forecast period. This is attributed to increasing demand for enhanced taste and quality of the food products among consumers. Moreover, on the basis of wall material type, the segmentation includes carbohydrates, proteins and lipids. The demand for proteins as wall material is expected to increase robustly, registering a CAGR of 10.0% during the forecast period.

Increasing R&D by companies on the development of clean label products with micro-encapsulation technology comprising no preservatives, added antioxidants and gelatin are expected to drive the demand for food encapsulation in the global market during the forecast period. However, the demand for food products that offer additional benefits is increasing at a rapid pace, especially in emerging economies. This is attributed to increasing consumer awareness and improved consumer spending on food and beverages.

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Region-wise, North America is expected to dominate the the global food encapsulation market with a market share of 25.6% by 2020. However, Asia Pacific excluding Japan (APEJ) is expected to record highest CAGR of 10.2% during the forecast period. The growth is attributed to new product launches, geographical expansion by companies, and increasing demand for functional and fortified food products among consumers.

The prominent players in the global food encapsulation market include TasteTech Ltd., Balchem Corp., Sensient Technologies Corp., Givaudan SA ADR, Symrise AG, Koninklijke DSM N.V. (ADR),Appvion Inc., Aveka Group, Firmenich International SA, International Flavours & Fragrances Inc. and BASF SE S/ADR.

Contact

Christina Johnsan
3rd Floor,
207 Regent Street,
London - W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
USA Tel: +1-347-918-3531
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

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