Europe Electric Vehicle Wiring Harness Market
No. of Pages: 126 | Report Code: TIPRE00026842 | Category: Electronics and Semiconductor
No. of Pages: 126 | Report Code: TIPRE00026842 | Category: Electronics and Semiconductor
In case of COVID-19, Europe is highly affected specially Russia. In April 2020, European countries witnessed the historically lowest new car registrations owing to the collapse of the demand side, disruptions in supply chains, and challenges related to technologies that negatively impacted the automotive sector. However, according to the Society of Motor Manufacturers and Traders (SMMT), new registrations stood at 141,583 vehicles, in April 2021 up from just 4,321 in April 2020, as the lifting of restrictions, reopening of dealerships and manufacturing sites. The East Asia Forum reports that, in 2020, EU regulations set a standard of 95 grams of CO2 emissions per kilometer travelled on average. Vehicle producers are required to pay a US $115 fine for every excess gram of CO2, if emissions exceed this standard, multiplied by the number of vehicles sold. Such regulations and mandates shall support the growth of EVs and region and provide significant growth opportunities for the electric vehicle wiring harness in the post COVID-19 era. Growth of several of the major vehicle wiring companies with their design and testing labs, and logistical centers in Germany along with a higher percentage of large and luxury class vehicles in Sweden, and the UK is also anticipated to propel the electric vehicle wiring harness market in Europe.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe electric vehicle wiring harness market. The Europe electric vehicle wiring harness market is expected to grow at a good CAGR during the forecast period.
The Europe Electric Vehicle Wiring Harness Market is valued at US$ 686.20 Million in 2021, it is projected to reach US$ 2,467.61 Million by 2028.
As per our report Europe Electric Vehicle Wiring Harness Market, the market size is valued at US$ 686.20 Million in 2021, projecting it to reach US$ 2,467.61 Million by 2028. This translates to a CAGR of approximately 20.1% during the forecast period.
The Europe Electric Vehicle Wiring Harness Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Electric Vehicle Wiring Harness Market report:
The Europe Electric Vehicle Wiring Harness Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Electric Vehicle Wiring Harness Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Electric Vehicle Wiring Harness Market value chain can benefit from the information contained in a comprehensive market report.
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