Wire Harness Market to Reach $165.2 Billion by 2034, Driven by Industrial Automation and Smart Manufacturing Advancements | TMR [Yahoo! Finance]
Lear Corporation (LEA)
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Source: Yahoo! Finance
With a significant surge in demand for efficient wiring solutions to enhance operational efficiency and productivity, the market is poised for robust expansion through 2034. Wilmington, Delaware, Transparency Market Research Inc.-, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Industrial Automation Powers the Growth of the Wire Harness Market The global wire harness market (??????????), valued at $88.2 billion in 2023, is projected to grow at a CAGR of 5.9% , reaching $165.2 billion by 2034. This growth reflects the critical role of wire harnesses in supporting the increasing automation across industries and the transition toward smart manufacturing. Industrial automation leverages control systems, robotics, and IoT technologies to replace manual intervention, enhancing productivity and efficiency. In this ecosystem, wire harnesses are indispensable, providing reliable connections for power distribution and signal transmission across automated systems. The evolution of Industry 4.0 and the
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News
- Lear Co. (NYSE: LEA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Lear Co. (NYSE: LEA) had its price target lowered by analysts at Wells Fargo & Company from $106.00 to $99.00. They now have an "equal weight" rating on the stock.MarketBeat
- Lear to Participate in the Goldman Sachs Industrials and Materials ConferencePR Newswire
- Lear Declares Quarterly Cash DividendPR Newswire
- Lear Co. (NYSE: LEA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
LEA
Earnings
- 10/24/24 - Beat
LEA
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- LEA's page on the SEC website