IMARC Group, a leading market research company, has released a report titled Automotive Wiring Harness Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. According to the report, The globalautomotive wiring harness market sizereached US$ 80.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 103.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.15% during 2023-2028.
An automotive wiring harness is a combination of electric wires in a vehicle that provides a comprehensive power supply and signal transmission. It consists of terminals, connectors, and seals produced from thermoset or thermoplastic materials to offer protection to the wires and cables from the harsh external environment. It can endure high temperatures and can be customized to meet the specific requirements of the vehicle owner. It connects various vehicle components such as the dashboard, engine, body, chassis, and doors to fulfill electrical and dimensional requirements. It also connects the internal vehicular system with components such as ignition switch connectors, engine fans, power horn relays, brake lights, and power windows. As a result, the automotive wiring harness is widely utilized in passenger cars, two-wheelers, and commercial vehicles.
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Automotive Wiring Harness Market Trends and Drivers:
The market is primarily driven by the significant expansion in the automotive industry. In addition, the increasing demand for automotive wiring harnesses to enhance safety measures, and power delivery systems is contributing to the market growth. Moreover, the growing environmental awareness and enhanced focus on sustainable development led to the widespread adoption of electric vehicles (EVs), which helps reduce fossil fuel consumption and automobile exhaust emissions, representing another major growth-inducing factor. Besides this, the rising product use in hybrid cars to manage electrical loads and resist electromagnetic noise and the incorporation of automobiles with advanced driver assistance systems (ADAS) are propelling the market growth. Furthermore, the advent of aluminum harnesses for minimizing vehicular weight and the extensive research and development (RD) conducted by key market players are creating a positive market outlook.
Competitive Landscape:
The competitive landscape of the market has also been analyzed, with some of the top leadingautomotive wiring harness manufacturers.
Some of these key players include:
- Delphi Technologies (BorgWarner Inc.)
- Furukawa Electric Co. Ltd.
- Lear Corporation
- Leoni AG
- Nexans Autoelectric GmbH
- PKC Group Plc (Motherson Sumi Systems Ltd.)
- Samvardhana Motherson Automotive Systems Group B.V.
- Sumitomo Electric Industries Ltd.
- THB Group (AmWINS Group, Inc)
- YAZAKI Corporation
- YURA Corporation
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Application:
- Body Wiring Harness
- Engine Wiring Harness
- Chassis Wiring Harness
- HVAC Wiring Harness
- Sensors Wiring Harness
- Others
Breakup by Material Type:
- Copper
- Aluminum
- Others
Breakup by Transmission Type:
- Data Transmission
- Electrical Wiring
Breakup by Vehicle Type:
- Two Wheelers
- Passenger Cars
- Commercial Vehicles
Breakup by Category:
- General Wires
- Heat Resistant Wires
- Shielded Wires
- Tubed Wires
Breakup by Component:
- Connectors
- Wires
- Terminals
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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