Automotive Wiring Harness Market Competitive Analysis, Segmentation and Opportunity Assessment 2029

Automotive Wiring Harness Market size was valued at USD 49.46 Bn. in 2022 and the total revenue is expected to grow at 4.8% of CAGR through 2023 to 2029, reaching nearly USD 68.68 Bn.

Automotive Wiring Harness Market Overview

Automotive Wiring Harnesses: the unsung heroes of modern vehicles. These cable assemblies, neatly bundling electric cables to transmit signals, play a pivotal role in the electric applications of various industries, with the automotive sector being one of the largest consumers.

Research Methodology: A Bottom-Up Approach

To understand this dynamic market, a bottom-up approach has been employed. The focus was on local markets, and in-depth insights into different segments have been gathered. Extensive analysis of market drivers and constraints on local, regional, and global scales has been conducted to forecast the market size accurately.

Primary and secondary data collection methods were used, including online interviews with key respondents from manufacturing TIER 1 and TIER 2 companies and OEMs. Additionally, insights from industry experts and data from reputable sources like the National Highway Traffic Safety Administration (NHTSA), GENIVI Alliance, Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA) have been referred to.

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Automotive Wiring Harness Market Dynamics

Advancements in Vehicle Technology

The automotive industry is experiencing a rapid transformation with the growing demand for advanced driver-assist technologies and safety features. Airbags, emergency braking systems, multimedia, and security systems have led to an increased rate of wiring harness installation. Features like voice recognition systems, ambient lighting, heated seats, and more rely on wiring harnesses to facilitate seamless connectivity and functionality. As vehicles become more tech-savvy, the demand for wiring harnesses has skyrocketed.

Challenges of a Limited Lifespan

However, challenges persist. Wiring harnesses are exposed to changing environments and rapid temperature fluctuations, potentially leading to corrosion and reduced lifespan. Corrosion, especially in the case of aluminum-copper combinations, can lead to galvanic corrosion in the presence of saltwater or electrolytes. This corrosion can affect safety systems like airbags and anti-lock brakes. Maintenance and repair procedures involving corrosive lubricants can further damage wiring harnesses. These issues pose a restraint for the automotive wiring harness market.

Automotive Wiring Harness Market Segmental Analysis:

by Component

1. Electric wire
2. Connector
3. Terminals
4. Other

Components: Wiring harnesses consist of electric wires, connectors, terminals, and more, with terminals being the primary focus. These are the points where wires connect to other components, and the choice of terminal varies according to the intended application.

Product: Chassis harnesses dominate this segment, primarily used in chassis applications like frames, air brake pumps, and suspension systems.

by Application

1. Body
2. Engine
3. Chassis
4. HVAC
5. Sensors

Vehicle Type: Passenger cars lead the pack, with harnesses used across different vehicle types, from passenger cars to commercial vehicles and more.

by Vehicle type

1. Passenger car
2. Commercial vehicles

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Who are Automotive Wiring Harness Market Key Players?

1. Aptiv PLC (US)
2. Delphi Automotive LLP (US)
3. The Harness Connection (US)
4. Lear Corporation (US)
5. QINGDAO SANYUAN GROUP (US)
6. Fujikura Ltd (Japan)
7. Furukawa Electric Co. Ltd. (Japan)
8. Sumitomo Electric Industries, Ltd. (Japan)
9. THB Group (UK)
10. Nexans (France)
11. Yura Corporation (Korea)
12. Leoni Ag (Germany)
13. PKC Group (Finland)
14. Minda Spark (India)
15. Devise Electronics Pvt. Ltd. (India)
16. EMDEP TestBoards (India)
17. Samvardhana Motherson Group (India)
18. AutoelectricYazaki Corporation (India)

Table of content for the Automotive Wiring Harness Market includes:

Part 01: Executive Summary

Part 02: Scope of the Automotive Wiring Harness Market Report

Part 03: Automotive Wiring Harness Market Landscape

Part 04: Automotive Wiring Harness Market Sizing

Part 05: Automotive Wiring Harness Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights

Asia-Pacific is at the forefront of the automotive wiring harness market, with China, India, Japan, and other countries contributing significantly. Increased vehicle production in these regions has driven market growth, and China is set to dominate the market, particularly as Chinese OEMs emphasize lightweight materials and innovative harness designs.

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This release was published on openPR.