Automotive Wiring Harness Market Statistics, Segment, Trends and Forecast to 2032

The global automotive wiring harness market was valued $47,618.0 million in 2020 and is projected to reach $73,713.8 million in 2030, registering a CAGR of 4.6%.

An arrangement of wires, terminals, and connections known as a "automotive wiring harness" runs throughout the vehicle to transport data and electrical power. Automotive wire harness is integrated to link various vehicle elements, including the body, engine, dashboard, chassis, and others. It is developed to meet the electrical and dimensional requirements of vehicles. To ensure fundamental operation and improved safety, an automobile wire harness facilitates transfer of control signals and electrical power to electronic and electrical equipment.

The market is expanding as a result of the development of automobiles with better safety features and technical improvements. During the projected period, increased use of electric cars is anticipated to support market growth. Increased usage of aluminium and the installation of flexible wires in automotive wiring harnesses for greater power delivery and harness weight reduction are two factors anticipated to further accelerate the growth of this market.

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High maintenance costs, however, are anticipated to impede market expansion. Additionally, throughout the projection period, growth prospects are anticipated due to the rapid development of autonomous cars and aggressive government policies relating to electric vehicles.

The market for automotive wire harnesses is divided into many segments based on factors including material, vehicle type, voltage, application, and geography. It is divided into copper, aluminium, and other types of materials. It is divided into ICE cars, electric vehicles, and hybrid vehicles based on the kind of propulsion. It is divided into two-wheelers, passenger automobiles, and commercial vehicles based on the kind of vehicle. Low voltage and high voltage now make up the voltage section. Body & lighting, engine, HVAC, chassis, dashboard & cabin, and others make up the application section. The study is broken down into North America, Europe, Asia-Pacific, and LAMEA for regional analysis.

Market Segmentation:

By Component: The market can be segmented into Connectors, Wires, Terminals, Others.

By Material Type: The market can be segmented into Copper, Aluminum, Others.

By Vehicle Type: The market can be segmented into Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles, and others.

By Application: The market can be segmented into Body Wiring Harness, Engine Wiring Harness, Chassis Wiring Harness, HVAC Wiring Harness, and others.

By Sales Channel: The market can be segmented into Original Equipment Manufacturers (OEMs) and Aftermarket.

By Region: The market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Segmenting the market based on these factors can help manufacturers and suppliers to identify the specific customer requirements and develop targeted strategies to cater to their needs. Additionally, it can help them to identify new market opportunities and expand their customer base.

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Competitive Landscape:

The global automotive wiring harness market is highly competitive, with the presence of several major players operating globally.

Some of the key players in the market include:

Yazaki Corporation

Sumitomo Electric Industries, Ltd.

Aptiv PLC

Lear Corporation

Leoni AG

Fujikura Ltd.

Furukawa Electric Co., Ltd.

THB Group

Samvardhana Motherson Group

PKC Group

Others**

These companies are engaged in various strategies, such as mergers and acquisitions, collaborations, partnerships, and new product launches, to enhance their market presence and expand their customer base. Additionally, they are investing heavily in research and development activities to develop advanced and innovative products to meet the evolving customer requirements.

Moreover, the market is witnessing a trend of consolidation, with large players acquiring smaller players to expand their product portfolio and strengthen their market position. For instance, in 2021, Aptiv PLC acquired HellermannTyton Group, a leading provider of cable management solutions, to expand its portfolio of high-performance electrical solutions.

Overall, the global automotive wiring harness market is expected to remain highly competitive in the coming years, driven by the intense competition among the leading players and the increasing demand for advanced and innovative products.

Global Automotive Wiring Harness Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive Wiring Harness market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Automotive Wiring Harness market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive Wiring Harness would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

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