The growth of the market is attributed to factors such as the increasing demand for electric vehicles(EVs)along withthe growing automotive industry. Further, various technological advancements in automotive technology and the rising demand for improved connectivity and safety features in vehicles are also some other factors anticipated to fuel the demand for automotive wiring harnesses. Owing to this various market players are collaborating to launch a new technology for the wiring harness market to cater to the growing demand and stay competitive. For instance, in February 2023, Hero Electric partnered with Dhoot Transmission Pvt. Ltd. for sourcing new wiring harness solutions. Under the partnership, Hero Electric’s products will be equipped with the latest wiring harnesses from the Tier 1 supplier. The partnership aims to develop new wiring harness solutions for Hero Electric vehicles.
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Automotive wiring harness market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for electric vehicles(EVs)along withthe growing automotive industry. Further, various technological advancements in automotive technology and the rising demand for improved connectivity and safety features in vehicles are also some other factors anticipated to fuel the demand for automotive wiring harnesses. Owing to this various market players are collaborating to launch a new technology for the wiring harness market to cater to the growing demand and stay competitive. For instance, in February 2023, Hero Electric partnered with Dhoot Transmission Pvt. Ltd. for sourcing new wiring harness solutions. Under the partnership, Hero Electric’s products will be equipped with the latest wiring harnesses from the Tier 1 supplier. The partnership aims to develop new wiring harness solutions for Hero Electric vehicles.
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The global automotive wiring harness market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed at a regional or country level as per the requirement. Among these, theAsia-Pacific region is anticipated to account for a significant share ofthe automotive wiring harness market during the forecast period. The region is a major hub for automotive manufacturing, in countries such asChina, Japan, and South Korea, among others. Thus, the rapidly increasing production of vehicles and the rising adoption of advanced technologies in the automotive sector drive the demand for wiring harnesses in this region.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automotive Wiring Harness Market by Component
- Electric Wires
- Connectors
- Connectors
- Others (Wire Spool Racks)
Global Automotive Wiring HarnessMarket by Application
- Body
- Engine
- Chassis
- Heating, Ventilation, and Air Conditioning (HVAC)
- Sensors
Global Automotive Wiring Harness Market by Vehicle Type
- Passenger Cars
- Commercial Vehicles
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- BorgWarner, Inc.
- Coroplast
- Fritz Muller GmbH & Co.
- Fujikura Ltd
- Hyundai Motor Co.
- Kia Motors
- Kromberg & Schubert
- La Cro Products, Inc.
- Lear Corp
- Leoni AG
- Motherson Group
- Nexans Autoelectric
- Optronicsn Inc.
- PKC Group Plc
- Bapcor Ltd
- QINGDAO SANYUAN GROUP
- Rapid Conn, Inc.
- Renhotec EV
- SAMVARDHANAMOTHERSON GROUP
- Specialized Products, Ltd.
- Amwins Global Risks Group Ltd.
- Yura Corp.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive wiring harness market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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