openPR Logo
Press release

Wire Harness Market to hit US$ 129,995.33 Million, Globally, by 2028 at 6.6% CAGR: The Insight Partners

02-24-2023 03:10 PM CET | IT, New Media & Software

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
The Insight Partners

The Insight Partners

According to the new research report published by The Insight Partners on "Wire Harness Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by product type, material, and end-user," the market is expected to grow from US$ 88,639.39 million in 2022 to US$ 129,995.33 million by 2028. It is estimated to grow at a CAGR of 6.6% from 2022 to 2028.

An increase in government support for various industries is one of the factors contributing to the wire harness market growth. For instance, in December 2021, the Government of India announced an extra tax deduction of US$ 1,879.46 on the purchase of an electric vehicle on loan. Due to this, the production of electric vehicles has increased, leading to the massive demand for wiring harnesses and, thus, propelling the wire harness market growth.

Get a Sample Copy of this Report at - https://bit.ly/3XXPBG7

Wire harnesses, also known as cable harnesses, are used for organizing wires and cables. They are used in various industries, such as automobiles, food & beverage, agriculture, and electronics. Market players have to follow some stringent regulations and standards for production in the overall market. One such standard is IPC/WHMA-A-620 Revision D, introduced by IPC and Wiring Harness Manufacturer's Association (WHMA). Demand for wiring harnesses has increased in the past few years due to the rising global wire and cable consumption. This has also led to increasing in production in several regions of Asia-Pacific.

Based on product type, the market is segmented into wire harness connectors, wire harness terminals, and others. The others segment held the largest market share in 2021. Based on material, the global market is segmented into PVC, vinyl, thermoplastic elastomer, polyurethane, and polyethylene. The PVC segment dominated the market in 2021. Based on end users, the market is segmented into automotive, agriculture, appliances, and others. The automotive segment led the global market in 2021.

Inquire before Buying at - https://bit.ly/3Zlitt5

According to the Electronics Component Industry Association, in 2020, the pandemic hindered the supply chain, canceled trade events, delayed product releases, and disrupted many industries' activities. The wire harness market players had to force stop production and work in constrained supply chains. Due to the containment norms, the electronics & semiconductors industry players had to halt their operations temporarily. Further, manufacturers of various semiconductors components, which are used in these harnesses, had to experience delays in lead time, which negatively impacted the wire harness market in 2020 and 2021.

The semiconductor sector has been experiencing severe shortages since 2020. Therefore, considering all effects of the COVID-19 pandemic, the overall market was impacted somewhat negatively. However, several markets restarted in 2021, factories resumed their work, and almost all the industries restarted to produce. The wire harness market players resumed production and revenues increased substantially post the recovery from the pandemic, in 2021. Consequently, the demand for wiring harnesses began to rise globally and is expected to continue during the forecast period.

The List of Companies - Wire Harness Market

The companies profiled in the Wire Harness market are DRÄXLMAIER Group; Fujikura Ltd.; Furukawa Electric Co. Ltd.; Lear; LEONI; Motherson Group; Nexans; Sumitomo Electric Industries, Ltd; THB Group; Yazaki Corporation; and Yura Corporation.

Buy Complete Report at - https://bit.ly/3Z1UUWu

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wire Harness Market to hit US$ 129,995.33 Million, Globally, by 2028 at 6.6% CAGR: The Insight Partners here

News-ID: 2948238 • Views:

More Releases from The Insight Partners

Current Transformer Market is expected to grow a CAGR of 6.1% from 2025 to 2031
Current Transformer Market is expected to grow a CAGR of 6.1% from 2025 to 2031
The Global Current Transformer Market 2031 that centers around Current Transformer Market examines the significant components with a top to bottom methodology and empowers the client to survey the drawn-out based interest additionally predicts explicit executions. This report gives subjective investigation, clarifying item scope and expounding Market experiences and standpoint. To Get Sample Copy of Report, Click Here - https://www.theinsightpartners.com/sample/TIPRE00027549/?utm_source=OpenPR&utm_medium=10607 (Our SAMPLE COPY of the report offers a quick
Healthy Eating Revolution Boosts Packaged Salad Dressings Market Growth Through 2031
Healthy Eating Revolution Boosts Packaged Salad Dressings Market Growth Through …
New York, US - October 06, 2025 -The Packaged Salad Dressings market is entering a period of dynamic innovation and expansion, with consumers seeking healthier, flavorful, and convenient dressing options. The market is expected to register steady growth from 2025 to 2031, fueled by evolving consumer preferences and distribution innovations. As more people globally adopt salads and healthy eating habits, demand for packaged dressings such as vinaigrette, ranch, balsamic, honey mustard,
High Flow Oxygen Therapy Devices Market Size, Growth Status and Better Investment Opportunities by 2031
High Flow Oxygen Therapy Devices Market Size, Growth Status and Better Investmen …
The Insight Partners analysts forecasts the latest report on "Global High Flow Oxygen Therapy Devices Market (Covid-19) Impact and Analysis by 2031", according to report; The High Flow Oxygen Therapy Devices Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the High Flow Oxygen Therapy Devices
Motor Protection Market Set for Robust Growth by 2031
Motor Protection Market Set for Robust Growth by 2031
The Insight Partners has published its latest research titled"Motor Protection Market Share, Size, Trends, and Forecast by 2031." The report projects consistent growth in the global motor protection market, fueled by increasing industrialization, advances in smart technologies, and tighter safety regulations. With growing infrastructure initiatives and the rise of intelligent systems, the market is poised for significant expansion in terms of size, market share, and innovation through 2031. Check valuable insights

All 5 Releases


More Releases for Wire

Understanding Wire Electrical Discharge Machining (Wire EDM)
Wire Electrical Discharge Machining (Wire EDM) is a highly accurate and reliable method for cutting electrically conductive materials. Favored in industries like aerospace, automotive, medical device manufacturing, and mold making, this process allows for extremely precise cuts that are nearly impossible to achieve with traditional mechanical methods. What Is Wire EDM? Wire EDM-short for wire electrical discharge machining-is a non-contact machining process that uses a thin, electrically charged wire to cut through
Steel Wire Rod and Wire Market
Market Overview: The global steel wire rod and wire market was valued at USD 174.5 billion in 2022 and is projected to rise at a compound annual growth rate (CAGR) of 5.6% to reach USD 269.5 billion by 2030. The increasing popularity of electric vehicles presents a new market for steel wire. EVs require specific steel wire materials for applications including electric motors, charging stations, and battery components. As EV usage continues
Steel Wire Market 2021 Analysis by Global Manufacturers – Heico Wire Group, Al …
The "Steel Wire" Market report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. The Global Steel Wire Industry presents a market overview, product details, classification, and market concentration. The report also provides an in-depth survey of key players in the market which is based on various competitive intelligence parameters like company profiles, product picture and specification,
Global Specialty Wire Sales Market 2018:2025 - MWS Wire, Torpedo Specialty Wire, …
The Specialty Wire Sales market research report is a comprehensive emphasizing study of the industry The Global Specialty Wire Sales market 2018-2025 report offers a extensive and precise estimates and forecasts study of Specialty Wire Sales industry along with the analysis of essential features providing key industry insights to the readers. The Specialty Wire Sales market research report further delivers an methodical outlook of the industry by studying key components impacting
- 3M, Alpha Wire, Amphenol, Belden Wire $ Cable
Global Multiconductor Cable Sales Market 2018-2025 Research Report The Global Multiconductor Cable Sales Market 2018 Report contains in depth information major manufacturers, opportunities, challenges, and industry trends and their impact on the market forecast. Multiconductor Cable Sales market also provides data about the company and its operations. This report also provides information on the Pricing Strategy, Brand Strategy, Target Client, Distributors/Traders List offered by the company The Multiconductor Cable Sales research report
Specialty Wire 2017 Global Market Key Players – MWS Wire, Torpedo Specialty Wi …
Specialty Wire SWOT Analysis And Forecast 2022 This report studies Specialty Wire in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering MWS Wire Torpedo Specialty Wire Specialty Wire and Cable (SWC) LANOCO Specialty