Europe's Automotive Wiring Harness Market Size was valued at USD 8.1 Billion in 2022. The Automotive Wiring Harness market is projected to grow from USD 8.3 Billion in 2023 to USD 10.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.10% during the forecast period (2024- 2032). An increase in advanced vehicle features is one of the major market drivers driving the European automotive Wiring Harness market. The increased need for lightweight harnesses is driving the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The European Automotive Wiring Harness (CAGR) market is expanding because the automotive industry's use of electric vehicles is rapidly expanding. In addition to assisting vehicle owners in reducing the running expenses of their vehicles, they also assist governments in achieving energy independence and decreasing greenhouse gas emissions and environmental purity and other emissions due to a decrease in oil imports. Growing environmental concerns and supportive government initiatives primarily drive the international adoption of electro-mobility. The market for electric cars grew significantly in 2022 as sales topped 10 million units. In 2020, less than 5% of new cars were electric; in 2021, about 9% of new cars purchased were electric. By that year, 14% of all cars sold were electric, a five-fold increase from 2020 and a 55% increase from 2021. Electric vehicle sales surged by greater than 15% in Europe, the second-largest market, in 2022, meaning that more than one of every five vehicles sold was an electric vehicle.
Additionally, the electrical systems of electric vehicles are more complex than those of conventional vehicles with internal combustion engines. The requirement to control battery power, electric motors, charging systems, and other electronic components is the source of this complexity. Consequently, there is a growing need for complex and sophisticated wire harnesses. Conventional automobiles run at less voltage than electric vehicles. Wiring harnesses that can withstand high voltages must be used to guarantee the security and dependability of the vehicle's electrical system. Precise control and power distribution are necessary for the electric motor in an EV. To ensure dependable and smooth functioning, wiring harnesses transport power and signals between the electric motor and the vehicle's control unit as efficiently as possible. Thus, driving the European Automotive Wiring Harness market revenue.
Based on Components, the Europe Automotive Wiring Harness market segmentation includes electric wires, connectors, terminals, and others. The terminal segment dominated the market. The market is expanding primarily due to the increased complexity and connections of vehicle electrical structures. The purpose of terminals is to make electrical connections between two or more wires strong and efficient. Because of their ability to tolerate high temperatures and vibrations, these terminals are crucial to the wiring harness system. Further factors predicted to drive market expansion include the automotive industry's ongoing technical innovation and the electrification of automobiles.
The connector segment is expected to grow fastest. The connectors guarantee a constant supply of power or data while the car is running. Dependency vehicles with autonomous driving capabilities ranging from level 2 to level 5 have wire functioning, sensors, radar, and an increasingly important data and power flow. Consequently, the connection market is expected to expand over the estimated period.
Based on Application, Europe's Automotive Wiring Harness segmentation includes body, chassis, engine, HVAC, and sensors. The chassis category generated the most income. The main, rear, and front harnesses comprise the chassis harness system. These harnesses connect to many multimedia devices, including the engine, AC, GPS, DVD player, and other sensors for ADAS and temperature control. The wiring and connections for all the crucial parts that allow the cars to carry out their basic operations are stored in the chassis. The chassis also has the benefit of having a low chance of shorting out due to its high-temperature resistance, which enhances vehicle performance and fuel efficiency.
The sensors category is predicted to have the quickest rate. Several sensors are included for infotainment, speed, charge, lighting, and ADAS systems, among others. Sensors necessary for maintaining and enabling an analysis of pertinent data are included in the wiring harness, and the market is anticipated to be determined by the growing use of sensors depending on the degree of autonomous driving technology in automobiles.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on Electric Vehicles, Europe's Automotive Wiring Harness segmentation includes battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). The battery electric vehicle (BEV) category is the largest market share. Because a more electric-based system is integrated into the vehicle for primary and auxiliary vehicle operations, BEVs have more cables and connections than ICE vehicles. The automotive industry is seeing an increase in the use of high-voltage wiring harnesses; additionally, the market for automotive wiring harnesses within the electric vehicle segment is expected to grow positively as global sales of electric vehicles, both commercial and passenger, rise.
The plug-in hybrid electric vehicle (PHEV) category is predicted to have the quickest rate. The plug-in hybrid electric vehicle (PHEV) market in Europe is seeing a rise in demand. The need for lower emissions, more fuel efficiency, and a shift to electrified transportation fuels the market for PHEVs. PHEVs integrate an internal combustion engine (ICE) with an electric motor. PHEV wiring harnesses must be designed with this in mind to enable the integration of these two powertrains and link different components for smooth operation.
Based on Vehicle Type, Europe's Automotive Wiring Harness segmentation includes passenger cars and commercial vehicles. The passenger cars category has the largest market share. Many passenger cars are starting to be equipped with standard advanced safety systems, including adaptive cruise control, automated emergency braking, and lane departure warning. Connecting and integrating the sensors and control units needed for these safety features largely depends on the wire harnesses.
The commercial vehicles category is predicted to have the quickest rate. Electric trucks and vans are among the commercial vehicles that are increasingly in demand. The commercial vehicle industry is moving toward electrification, which calls for specific wire harnesses to accommodate the distinct electrical systems found in these vehicles.
The largest market share is expected to be in Germany. Sales of battery electric vehicles (BEVs) increased significantly in Germany in 2022, reaching 470,592 units. The market shares of electric vehicles increased significantly in 2022, rising from 26.1% in 2021 to 31.4%. The use of electric vehicles has increased dramatically due to government programs to support electric mobility and advantageous laws and incentives. This has directly impacted the need for automobile wire harnesses made especially for electric vehicles.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Major players in the sector are expanding their product lines and investing heavily in R&D, fueling the growth of the automotive wiring harness market. Market participants are also taking part in several strategic initiatives to increase the size of their market share. Significant developments include new product introductions, contract agreements, mergers and acquisitions, higher investment levels, and collaboration with other organizations. The Automotive Wiring Harness industry must offer reasonably priced products to thrive in a highly competitive and ever-changing market.
Businesses engaged in research and development are trying to boost demand for Automotive Wiring Harness from major participants in the market, including Delphi Technologies PLC, LEONI AG, Lear Corporation, Yazaki Corporation, PKC Group, Spark Minda, Ashok Minda Group, Sumitomo Electric Industries, Ltd., Furukawa Electric Co., Ltd., and Kromberg & Schubert GmbH Cable & Wire.
May 2022: Leoni AG agreed to sell its automotive cables division to Stark Corporation Public Company Limited, a company based in Bangkok, for an undisclosed sum. For Leoni AG, the companies brought in USD 1.31 billion in sales in 2021.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 8.1Â Billion |
| Market Size 2023 | USD 8.3 Billion |
| Market Size 2032 | USD 10.6 Billion |
| Compound Annual Growth Rate (CAGR) | 3.10% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2022-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Application, Electric Vehicle, Vehicle Type, and Region |
| Region Covered | Europe |
| Countries Covered | Germany, France, United Kingdom, Italy, Spain, Sweden, Denmark, Luxembourg, Norway, Austria, and the Rest of Europe |
| Key Companies Profiled | Delphi Technologies PLC, LEONI AG, Lear Corporation, Yazaki Corporation, PKC Group, Spark Minda, Ashok Minda Group, Sumitomo Electric Industries, Ltd., Furukawa Electric Co., Ltd., and Kromberg & Schubert GmbH Cable & Wire. |
| Key Market Opportunities | An increase in the usage of optical fiber cables and high-voltage wiring harnesses A growing need in the automotive industry for technologically sophisticated electronic security equipment. |
| Key Market Dynamics | Increase in advanced features in vehicles There is an increased need for lightweight harnesses |
Frequently Asked Questions (FAQ) :
The Europe Automotive Wiring Harness market size was valued at USD 8.3 Billion in 2023.
The market is projected to grow at a CAGR of 3.10% during the forecast period 2024-2032.
The key players in the market are Delphi Technologies PLC, LEONI AG, Lear Corporation, Yazaki Corporation, PKC Group, Spark Minda, Ashok Minda Group, Sumitomo Electric Industries, Ltd., Furukawa Electric Co., Ltd., and Kromberg & Schubert GmbH Cable & Wire, among others.
The terminals systems category dominated the market in 2023.
The chassis category had the largest share of the market.
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