Press release
Automotive Wiring Harness Market Opportunities, Sales, Revenue, Gross Margin & Trends Analysis Report 2024
Automotive Wiring Harness Market Size
As per the report, the automotive wiring harness market size has grown strongly in recent years. It will grow from $58.12 billion in 2023 to $61.48 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. 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%.
Download Free Sample 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.
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.
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
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=5765&type=discount
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.
Contents of the report:
1. Executive Summary
2. Automotive Wiring Harness Market Report Structure
3. Automotive Wiring Harness Market Trends And Strategies
4. Automotive Wiring Harness Market - Macro Economic Scenario
5. Automotive Wiring Harness Market Size And Growth
…..
27. Automotive Wiring Harness Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/automotive-wiring-harness-global-market-report
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
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Opportunities, Sales, Revenue, Gross Margin & Trends Analysis Report 2024 here
News-ID: 3610483 • Views: …
More Releases from The Business Research Company
Intratumoral Cancer Therapies Industry Report 2025-2034: Market Dynamics, Trends …
The Intratumoral Cancer Therapies Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Intratumoral Cancer Therapies Market Size and Its Estimated Growth Rate?
The market size for intratumoral cancer treatments has seen a significant increase in the past few years. It's predicted to…
Evolving Market Trends In The Insurance Advertising Industry: Insurance Advertis …
The Insurance Advertising Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Insurance Advertising Market Size and Its Estimated Growth Rate?
In recent times, the insurance advertising market has witnessed accelerated expansion. The market size is forecasted to rise from $12.77 billion in…
Rising Prevalence Of Chronic Diseases To Drive Market Growth: Key Factor Driving …
The Infusion Pump Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Infusion Pump Market Size and Its Estimated Growth Rate?
The market size for infusion pumps has significantly expanded in the past few years. The expected growth is from $14.77 billion in…
Industrial Refrigeration Systems Industry Report 2025-2034: Market Dynamics, Tre …
The Industrial Refrigeration Systems Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Industrial Refrigeration Systems Market Size and Its Estimated Growth Rate?
In the past few years, the industrial refrigeration systems market has seen robust growth. The size is forecasted to increase…
More Releases for Harness
Pet Harness Mart Launches New Website
Pet Harness Mart announced the launch of its redesigned website pethm.com. Pet Harness Mart prime goal is to create a shop in which customer can easily find perfect pet harness that they need.
We are proud to launch the new Tracker Products website. With the new website, visitors can easily find perfect pet harness that they need, said Pet Harness Mart Team.
Pet Harness Mart gives new online shoppers fashionable and well-designed…
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…
Automotive Secondary Wiring Harness Market Rising Demand for Compact Wiring Harn …
The automotive wiring harness market is projected to grow at a CAGR of 5.83% during the forecast period, from an estimated market size of USD 81.17 billion in 2018 to USD 120.69 billion by 2025. The key growth drivers for the market are the rising trend of integrating advanced features for improving vehicle performance and growing demand for electric vehicles globally.
Expansion is the key strategy adopted by major players to…
What Harness to Buy for Your Dog?
If you are looking for a place that sells world-class pet products, Wet Nose Boutique is the right place to be at. Even though we sell products from a variety of brands but there is one brand that we absolutely love and it is Susan Lanci Designs.
Susan Lanci is a home owned business that sells high-quality pet accessories. Susan Lanci focuses on the perfect fit, superior quality of product, safety…
Electric Vehicle Wiring Harness Market to 2025-Global Analysis and Forecast by T …
Electric Vehicle Wiring Harness Reports 2018 - 2025 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Electric vehicle wiring harness is composed of wires, connectors and terminals which run throughout the entire vehicle and transmit information and…
Automotive Secondary Wiring Harness Market Report 2017
Automotive Secondary Wiring Harness
Automotive Secondary Wiring Harness market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
View Entire Report @ https://www.reportsandmarkets.com/reports/asia-pacific-automotive-secondary-wiring-harness-market-report-2017-1684315
Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Automotive Secondary Wiring Harness for…
