Automotive Wiring Harness Market  is predicted to reach USD 93,074.4 Million at a CAGR of 4.30% during the forecast period

Automotive Wiring Harness Market  is predicted to reach USD 93,074.4 Million at a CAGR of 4.30% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Automotive Wiring Harness Market” that contains information from 2018 to 2030. The Automotive Wiring Harness Market is estimated to register a CAGR of 4.30% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global Automotive Wiring Harness Market — Lear Corporation (U.S.), Fujikura Ltd. (Japan), THB Group (China), Sumitomo Electric Industries Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), YAZAKI Corporation (Japan), Delphi Automotive Plc. (renamed itself as Aptiv) (U.K.), PKC Group (Finland), Leoni AG (Germany), Motherson Sumi Systems (India).


Market Highlights


The global Automotive Wiring Harness Market is accounted to register a CAGR of 4.30% during the forecast period and is estimated to reach USD 93,074.4 Million by 2030.


The automotive wiring harness market refers to the industry that produces and supplies wiring harnesses for vehicles. A wiring harness is a bundle of electrical cables, wires, and connectors that transmit signals and electrical power to various components in a vehicle, such as the engine, transmission, lights, sensors, entertainment systems, and more. Wiring harnesses play a crucial role in ensuring proper connectivity and functionality of these components within the vehicle.


Segment Analysis


The global Automotive Wiring Harness Market has been segmented based on material type, Component type, application, and vehicle type.


Based on component, the terminal segment dominated the market and is anticipated to hold the majority of the market share in 2022. The growing complexity and connections of vehicle wiring structures are major factors propelling the market growth. Terminals are designed to facilitate effective and robust wiring connections between two or more wires. These terminals withstand high thermal and vibrations, thus positioning them as an essential part of the wiring harness system. The constant technological advancement in the automotive industry and the electrification of vehicles are further expected to propel market growth.


Based on application, the chassis segment dominated the market and accounted for the largest revenue share of over 34% in 2022. The chassis harness system consists of the main, rear, and front harness, which houses wired connections to multimedia such as GPS, DVD, radio, engine, AC, and other sensors for temperature control and ADAS. The chassis holds wiring and connections for all the important components that enable the vehicles to perform their primary functions. In addition, the chassis carries the advantage of minimal risk of shorting its ability to withstand high temperatures while improving fuel efficiency and vehicle performance.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Wiring Harness Market Size


Regional Analysis


The global Automotive Wiring Harness Market, based on region, has been divided into Europe, Asia Pacific, Africa, North America, and the Middle East. Asia Pacific region is expected to witness tremendous growth during the forecast period. The reason attributed to it is the rising demand for luxury cars such as Ferrari, Maserati, and Rolls Royce. India and China are considered to be the largest manufacturers of such cars. Many of these luxury car companies had expanded their market, especially in Japan and China. The security of passengers is the main thing that these companies keep in mind while manufacturing and designing. Other special technological features provided by these companies attract more consumers such as entry without a key or handprint lock, in-built GPS, automatic gear shifting, and stolen vehicle tracking and alarms. All these additional features combined with the growing demand for luxury vehicles will boost the market in this region.


The European region is expected to experience a healthy growth rate over the forecast period, the region is expected to see a rise in the demand for high-voltage harness wires as the region witnessed a consistent rise in electric vehicle sales. The sales of EV vehicles are further propelling owing to subsidies provided by the EU and respective governments of European countries. The EV sales are anticipated to positively affect the wiring harness sales.


Key Findings of the Study



  • The global Automotive Wiring Harness Market is expected to reach USD 93,074.4 Million by 2030, at a CAGR of 4.30% during the forecast period.

  • Asia Pacific region is expected to witness tremendous growth during the forecast period. The reason attributed to it is the rising demand for luxury cars such as Ferrari, Maserati, and Rolls Royce. India and China are considered to be the largest manufacturers of such cars.  

  • The terminal segment dominated the market and is anticipated to hold the majority of the market share in 2022. The growing complexity and connections of vehicle wiring structures are major factors propelling the market growth.

  • Lear Corporation (U.S.), Fujikura Ltd. (Japan), THB Group (China), Sumitomo Electric Industries Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), YAZAKI Corporation (Japan), Delphi Automotive Plc. (renamed itself as Aptiv) (U.K.), PKC Group (Finland), Leoni AG (Germany), and Motherson Sumi Systems (India).

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