Press release
Automotive Wiring Harness Market Outlook And Analysis Through 2024-2033
Automotive Wiring Harness Market
The automotive wiring harness market size is expected to see strong growth in the next few years. It will grow to $75.7 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing emphasis on vehicle safety, rising vehicle sales, rising connected vehicles, rising urbanization, rising disposable income. Major trends in the forecast period include eco-friendly materials, 5g integration, thermal management, modular and scalable designs, collaboration and partnership.
Market Overview -
An automotive wiring harness is defined as the assembly of wires that enable the transmission of control signals and electrical power to the different electronic and electrical devices in the automotive to ensure basic functionality and enhanced safety. They also aid in signal transmission and powering up of different electronic and electrical devices.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=5765&type=smp
Surging Electric Vehicle Sales Drive Growth In The Automotive Wiring Harness Market
The expanding demand and usage of hybrid and electric vehicles are significantly contributing to the growth of the automotive wiring harness market. An automotive wiring harness is used in hybrid vehicles to offer good performance in harsh environments. These harnesses can transmit high currents even in extreme conditions, thus being able to handle electrical loads and resist high heat and electromagnetic noise. In 2021, electric car sales doubled to 6.6 million from 3 million in 2020. Also, sales in China, the US, and Europe increased by 160% in the first half of 2021 over the previous year. The increasing demand for electric and hybrid cars is expected to propel the demand for automotive wiring harnesses, thus driving the growth of the automotive wiring harness market during the forecast period.
Competitive Landscape -
Major companies operating in the automotive wiring harness market include Yazaki Corporation, Sumitomo Electric Industries, Aptiv PLC, Furukawa Electric, Leoni AG, Nexans, DELPHI AUTOMOTIVE LLP, Lear Corporation, SAMVARDHANA MOTHERSON GROUP, Yura Corporation d.o.o., Fujikura Automotive, PKC Group PLC., Coroplast Fritz Muller GmbH & Co. Kg, Motherson Sumi Systems Limited, Quingdao Sanyuan Group, Kyungship Corporation, Kromberg & Schubert, Jiangsu Kyungshin Electronic Co. Ltd, Adaptronic Pruftechnik GmbH, Brascabos Electrical Electronic Components, Cypress Industries, Czech Republic Onamba S.R.O., Dräxlmaier Group, United Harness Limited, Gebauer & Griller Group, General Cable Technologies Corporation, BorgWarner Inc., TE Connectivity Ltd, Spark Minda Group, Samvardhana Motherson Reflectec, THB Group Inc., K&S Wiring Systems, Hirschmann Car Communication GmbH, Minda Automotive Solutions Ltd.
Innovations In Wireless Technology Revolutionize The Automotive Wiring Harness Market
Technology advancement is the key trend being followed by companies operating in the automotive wiring harness market. Companies are focusing on manufacturing and deploying more compact wiring harnesses that occupy less space. For instance, in May 2022, Marelli, a US-based developer, and manufacturer of components for the automotive industry introduced its new Wireless Distributed Battery Management System (wBMS) for electric vehicles. Wireless Distributed Battery Management System provides communication between the batteries and control unit using wireless technology and eliminates the need for daisy-chain communication and wiring, which simplifies battery cell construction and installation to reduce the wiring harness by 90% and grants more flexibility for battery modules placement.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/automotive-wiring-harness-global-market-report
Key Segments -
The automotive wiring harness market covered in this report is segmented -
1) By Component Type: Wires, Connectors, Terminals, Other Components
2) By Material Type: Copper, Aluminum, Other Materials
3) By Harness Type: Main Harness, Auxiliary Harness, Other Types
4) By Vehicle Type: Two Wheelers, Passenger Cars, Commercial Vehicles
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
"Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "
"Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps"
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 Automotive Wiring Harness Market Outlook And Analysis Through 2024-2033 here
News-ID: 3491765 • Views: …
More Releases from The Business research company
Rail Transit Protective Coating Market Overview: Major Segments, Strategic Devel …
The rail transit protective coating sector is positioned for significant expansion in the coming years, driven by technological advancements and increasing infrastructure investments. This market is evolving rapidly as stakeholders prioritize durability, sustainability, and efficiency in rail transit systems. Let's explore the market's valuation projections, leading companies, emerging trends, and detailed segment analysis to get a clearer understanding of its future trajectory.
Expected Market Size and Growth Outlook for Rail Transit…
Analysis of Segments and Major Growth Areas in the Product Implementation Servic …
The product implementation services sector is on the verge of significant expansion, driven by evolving technology needs and increasing enterprise adoption of sophisticated systems. Understanding the current market size, key contributors, emerging trends, and segment breakdowns offers valuable insights into what lies ahead for this dynamic industry.
Market Size and Expected Growth Trajectory in the Product Implementation Services Market
The product implementation services market is projected to experience strong growth…
Key Strategic Developments and Emerging Changes Shaping the Polyvinylidene Fluor …
The polyvinylidene fluoride (PVDF) resin market is on track for significant expansion over the coming years. Driven by various technological advances and rising demands across multiple industries, this sector is expected to evolve rapidly. Let's explore the anticipated market growth, influential players, key trends, and detailed segmentation shaping the future of PVDF resin.
Projected Growth and Market Size of the Polyvinylidene Fluoride Resin Market
The PVDF resin market is forecasted…
Leading Companies Fueling Innovation and Growth in the Partyline Intercom System …
The partyline intercom systems market is gearing up for significant expansion as communication needs evolve across various industries. With increasing demand for more versatile and efficient communication tools, this sector is set to witness rapid advancements and growing adoption over the coming years. Let's explore the market size projections, key drivers, major players, emerging trends, and important segments shaping this dynamic industry.
Projected Market Size and Growth Trajectory of the Partyline…
More Releases for Harness
United States Automotive Wiring Harness Market Gains Momentum with Modular & Sma …
DataM Intelligence unveils its latest report on the "Automotive Wiring Harness Market Size 2025," offering an in-depth analysis of market trends, growth drivers, competitive landscape, and regional dynamics. The study covers market size in value and volume, CAGR forecasts, and emerging opportunities that can guide businesses in seizing growth potential and crafting winning strategies. Packed with data-driven insights on current developments and future trends, this report is essential for companies…
Wire Harness Get Complimentary PDF Guide
Comprehensive PDF Guide to Wire Harness
The automotive industry's rapid shift toward advanced technologies is significantly driving the growth of the global wire harness market. To remain competitive and meet evolving consumer expectations, automobile manufacturers are continuously integrating innovative features into new vehicle models. Key technological advancements such as adaptive cruise control, automatic high beam adjustment, self-driving capabilities, and hands-free liftgates are becoming increasingly standard in both premium and mid-range segments.…
Automotive Wiring Harness - Complete PDF Guide
A wiring harness is an electrical wiring system in the vehicle. The major applications of the wiring harness include chassis structure, brakes, and fuel lines. An extensive network of wiring is formed in the car using a wide range of electrical systems. Automotive wiring harness is the electrical distribution system in the vehicle. A wiring harness is a set of terminals, wires, and connectors that run into the entire vehicle.…
The Complete Guide to Wire Harness
The wire harness market is projected to reach US$ 150.70 billion by 2030 from US$ 94,19 billion in 2023. It is expected to register a CAGR of 6.9% during 2023-2030.
𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 ➜ https://www.premiummarketinsights.com/sample/TIP00073593?utm_source=Openpr&utm_medium=10694
In automobiles, wire harnesses weigh around 100-150 lbs depending on the size and vehicle model. Heavier the wire, higher the weight of equipment. In industries such as aerospace, weight is matter of concern. Due to…
Pawformance Gear unveils one harness: The ultimate versatile dog harness for eve …
Image: https://www.getnews.info/wp-content/uploads/2024/06/1717830743.png
Introducing the One Harness by Pawformance Gear, an adaptable dog harness designed to seamlessly transition between different outdoor activities, providing both comfort and security for every adventure with your canine companion.
Pawformance Gear is excited to announce the launch of its latest product, the One Harness, an all-in-one dog harness designed to simplify and enhance every adventure you and your furry friend undertake. From neighborhood strolls to rugged hikes,…
Railway Wiring Harness Market Value Projected to Expand by 2018 to 2028(Railway …
Railway Wiring Harness Market: Overview
Railway wiring harness is a complete electrical wiring system that caters to proper transmission of the signals and manages the flow of electrical power. Wiring harness was commonly used in railway manufacturing, automotives and in construction machineries. The railway wiring harness has an added advantage of binding many wires into a harness to avoid the possibility of a short circuit. The railway projects requires a lot…
