Global Hybrid Vehicles – Market Analysis and Opportunity Assessment 2014 – 2020 : Future Market Insights

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A hybrid vehicle is a vehicle that uses two or more distinct power sources to move the vehicle. For example, distinct power sources can be a combination of diesel and electricity, fuel cell and diesel, or gasoline and electricity. Due to their ingenious technology, hybrid vehicles provide various advantages to the end user.

Hybrids are not zero emission vehicles. The technology uses less fuel and emits less carbon into the atmosphere than most conventional, non-hybrid vehicles. Hybrid vehicles offer advantages such as reduced emissions, and improved fuel utilisation. The hybrid vehicle technology gives double the fuel efficiency of conventional vehicles, thus reducing dependency on fossils fuels to some extent.

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Hybrid vehicles can be categorised based on their types such as series hybrid, parallel hybrid, two-mode or dual-mode hybrid cars, plug-in hybrid cars and series-parallel hybrid.  In series hybrid vehicles,the propulsion source is an electric motor. Parallel hybrid vehicles use multiple propulsion energy sources. Series-parallel vehicles can operate either using an electric motor, or using aninternal combustion engine (ICE).

Hybrid technology is used in passenger cars and commercial cars.According to the onboard energy sources, these vehicles could be segmented as ICE hybrids, diesel hybrids, fuel cell hybrids, solar hybrids (for example, racecars), natural gas hybrids, hybrid locomotive, and heavy hybrids (truck and bus).

The global automotive market is expected to grow at a CAGR of 6.3% from 2014 to 2020, but the global hybrid vehicle market is expected to grow at a much higher rate.Currently, the global hybrid vehicle penetration in the overall automotive productionis 3-5%, which has increased from 1-2% in 2012.

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Industry experts believe that one in five vehicles sold around the world are expected to be powered by a hybrid powertrain in 2020. The volume of the global hybrid vehicles market is expected to double from 2014 to 2020. This will be due to research and development efforts by automakers towards efficient utilisation of fuel, and government initiatives to create awareness and acceptance of hybrid cars. However, the high cost of hybrid cars acts as an inhibitor to the market growth.

Currently, Japan dominates the global hybrid vehicles market, followed by US and Europe. In future, APAC is projected to register the highest growth due to increase in automotive production, growing need for fuel efficient vehicles, and rising fuel costs.Developing markets like Brazil, India and China are expected to be markets with promising growth due to substantial automotive production and rise in per capita income of individuals in these countries.

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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, 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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Global Automotive Wiring Harness Market – Market Analysis Opportunity Assessment 2014 – 2020 : Future Market Insights

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An automotive wiring harness is an assembly of electrical wires, connectors and other parts, or an electrical wiring system, used to transfer information and energy in automobiles. The role of wiring harness is to electrically connect electronic devices and electrical components mounted in automotive and machines, such as copiers, for the transmission of information and power.

An automotive wiring harness consists of six major components, which include the electric wire, the protector, the grommet, the terminal, the tape and the clamp.The other components include cables, connector systems, transfer switches, power and signal amplifier and distribution systems, control systems, jumper harness, electronic signal integration technologies, and other required peripherals.

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Advancement in automotive features such as driver assistance systems, safety systems, in-car entertainment systems, GPS systems and so on, has createdthe need for sophisticated wiring harness systems in the automotive industry.The automotive wiring harness industry has shown much advancement in increasing the efficiency of harness.With the addition of features and designs of new vehicle models, the wiring harness segment has beenundergoing constant change.Commonly witnessed trends in the industry are modular design, use of CAD and 3D modelling, re-using wiring materials at the end of their service lives, and designing rule checks.

The demand for wiring harnessesinthe automotive industry is directly dependent on the sale and production of automobiles. Global automotive production is projected to grow between a CAGR of 5% and 7% over next five years. On account of increasing sales in the automotive industry,the global wiring harness market is expected to grow at a CAGR of around 11-12% from 2014 to 2020. Globally, the AsiaPacific region has been dominating the wiring harness market followed by Europe. In AsiaPacific, Japan is the largest contributor in terms of production and sales. Due to a continuous rise in automotive production, the AsiaPacific region is expected to continue its lead in the market from 2014 to 2020. In the future, the European automobile market is expected toregister significant growth because of itsrecovering economy. This scenario is expected to benefit the automotive wiring harness market. BRIC countries have also been experiencing growth in the automotive wiring harness market. The major contributors in this region are China and India due to their increasing automotive production and growing economy.

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The wiring harness market has been segmented on the basis of vehicle type into light and heavy vehicles. Further segmentation can be done by application type which includes chassis, body engine, HVAC and speed sensors.

About Us : 

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, 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.

Contact Us : 

Ms. Shibboo Singh
3rd Floor,
207 Regent Street,
London – W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
Email: 
Website: www.futuremarketinsights.com