Automotive Wiring Harness Market Size, Share, Analysis, Trends, Growth, 2032

Automotive Wiring Harness Industry Prospective

According to a report from Zion Market Research, the global Automotive Wiring Harness Market was valued at USD 49.64 Billion in 2023 and is projected to hit USD 68.36 Billion by 2032, with a compound annual growth rate (CAGR) of 3.62% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Automotive Wiring Harness industry over the next decade.

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The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million).

Automotive Wiring Harness Market Overview

Wire harnesses are the assemblies of electric cables which transfer signals in myriad electrical Application Types. Precisely, they are the loose wire bundles clustered together into a sole covering forming structured system. These wire harnesses find a slew of Application Types in myriad sectors with automotive industry being one of the main targeted sector.

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Furthermore, automotive wire harnesses make utilization of many wire harnesses for optimizing the performance of the vehicle as well as automotive system. Moreover, these products assort wiring of various electronic & electrical equipment into a single system. These automotive wire harnesses are utilized for setting up electric circuits in vehicles and are devised for functioning even in tough environmental conditions or extreme hot or cold temperatures.

Automotive Wiring Harness Market: Segmentation

Apart from this, automotive wire harnesses find Application Types in two wheelers, cars, utility vehicles, three wheelers, and commercial or passenger vehicles.

These product are designed or manufactured as per the geometric or electric requirement of an automobile and are fitted in engine, chassis, and body of the automotive.

Automotive Wiring Harness Market: Report Scope

Automotive Wiring Harness Market: Growth Factors

A surge in the vehicle production across globe and escalating demand for technically advanced electronic safety equipment in automotive are few of the major factors that are likely to spur the market expansion over the next couple of years. Moreover, automotive wire harnesses offer spectrum of advantages to the automotive including enhanced hybrid car performance, reducing risk of short circuits in vehicles, reduction in time of installation, enhanced fuel efficiency, offering of best performance in vehicles during tough or extreme environmental conditions, and ability to carry huge power loads. This, in turn, will help the automotive wiring harness market scale up new horizons of growth in the near future. 

Additionally, large-scale requirement for installing advanced driver assistance systems in automotive coupled with end-user preference for automotive electrical will transform into huge market demand over the upcoming years. Apparently, need for improving the wire connectivity in cars and reducing the complexity of the electric wire configuration in these vehicles has resulted in huge demand for automotive wiring harnesses. Apart from this, need for simple & easy electric component connectivity in cars will further support the market growth along with the defining of the business scope.

Automotive Wiring Harness Market: Regional Insights

Asia Pacific To Account Majorly Towards Overall Market Revenue During 2020-2026

The growth of the market in the region over the forecast timeframe is owing to massive demand for automotive wiring harnesses in vehicles due to need for vehicle safety & modern electronic equipment. Moreover, China and India are major markets for light vehicles in the region, thereby further igniting the business expansion in the Asia Pacific one. The regional market growth is also shaped by introduction of strict government norms addressing vehicle safety.

Automotive Wiring Harness Market:  Competitive Space

Key market participants profiled in the report include 

• PKC Group
• Furukawa Electric Co. Ltd.
• THB Group
• Lear Corporation
• Fujikura Ltd.
• Delphi Automotive LLP
• Sumitomo Electric Industries. Ltd.
• SPARK MINDA
• Nexans Autoelectric
• Samvardhana Motherson Group
• Yura Corporation
• Yazaki Corporation
• Leoni Ag
• QINGDAO SANYUAN GROUP.

The global automotive wiring harness market is segmented as follows:

By Application Type

• Chassis Wiring Harness
• Body Wiring Harness
• Engine Wiring Harness
• HVAC Wiring Harness
• Sensors Wiring Harness

By Vehicle Type

• Passenger Cars
• Two Wheelers
• Commercial Vehicles

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa