Press release
Europe Electric Vehicle Wiring Harness Market Growth and Trends to 2021-2028 With Top Companies Like THB Group, Motherson Sumi Systems Ltd.
Electric Vehicle Wiring Harness Market
Technological advancements and the rising manufacturing of electric vehicles (EV) lead to the growing demands of lightweight wiring harnesses to achieve weight reduction and improved vehicle packaging. The integration of advanced features in autonomous passenger cars and light commercial vehicles is projected to further aid in the market's growth during the forecast period. Key players in the market are focusing on the development of conductor materials, such as CuAg (copper/silver), CuSn (copper/tin), and CuMg (copper/magnesium), for the optimization of the current wiring system design.
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Copper conductors are the mainstream in the industry due to their excellent electrical conductivity and safety, and advantages for light-weighting. The increasing R&D to decrease the metal content helps achieve reduced weight and raise the overall vehicle fuel efficiency. In addition to this, lightweight, eco-friendly wire harness solutions, such as high-voltage wire harness systems for hybrid and plug-in vehicles, are also gaining rapid traction, thereby driving the Europe market growth.
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Major key players covered in this report:
• Coroplast Fritz Müller GmbH & Co. KG
• Fujikura Ltd.
• Furukawa Electric Co. Ltd.
• Motherson Sumi Systems Ltd.
• Nexans autoelectric GmbH
• SINBON Electronics Co., Ltd.
• Sumitomo Electric Industries, Ltd.
• THB Group
• Yazaki Corporation
Europe Electric Vehicle Wiring Harnesss Market Segmentation
Europe Electric Vehicle Wiring Harnesss Market– by Vehicle Type
• Plug-in Hybrid Electric Vehicles (PHEV)
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicles (HEV)
• Fuel Cell Electric Vehicles (FCBEV)
Europe Electric Vehicle Wiring Harnesss Market– by Product Type
• High Voltage Wiring Harness
• Medium Low Voltage Wiring Harness
Europe Electric Vehicle Wiring Harnesss Market– by Material Type
• Copper-Clad Wire
• Aluminum Alloy Wire
• Glass Optical Fiber
• Plastic Optical Fiber
• Others
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In case of COVID-19, Europe is highly affected specially Russia. In April 2020, European countries witnessed the historically lowest new car registrations owing to the collapse of the demand side, disruptions in supply chains, and challenges related to technologies that negatively impacted the automotive sector. However, according to the Society of Motor Manufacturers and Traders (SMMT), new registrations stood at 141,583 vehicles, in April 2021 up from just 4,321 in April 2020, as the lifting of restrictions, reopening of dealerships and manufacturing sites. The East Asia Forum reports that, in 2020, EU regulations set a standard of 95 grams of CO2 emissions per kilometer travelled on average.
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