At present, the automotive wiring harness industry is witnessing product innovations aimed to minimize the load. Consequently, leading market vendors are using superior grades of conductors, insulators and sheaths for wires and cables in automotive wiring harness systems. This assists in enhancing the robustness and high-temperature resistance and protecting the product from any damage. Besides this, they are also developing aluminum harnesses as aluminum components are utilized for vehicle electrification and minimizing vehicular weight, which, in turn, helps in reducing carbon emissions. According to IMARC Group, the global automotive wiring harness market reached a value of US$ 76.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 99.7 Billion by 2027, exhibiting at a CAGR of 4.4% during 2022-2027.
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Top Manufacturers in the Automotive Wiring Harness Industry Worldwide:
Headquarters: Michigan, United States
BorgWarner, Inc. is engaged in offering technological solutions for combustion, hybrid and electric vehicles. The products of the company are manufactured and sold across the globe, especially to original equipment manufacturers of passenger cars, sport utility vehicles and light trucks.
Furukawa Electric Co. Ltd.
Headquarters: Tokyo, Japan
Furukawa Electric Co., Ltd. provides numerous technologies in telecommunications, electronics, automobiles and construction sectors. The company generally works with three types of materials, which include optics, plastics and metals. Its main segments include infrastructure, electronics, automotive systems, functional products, and service and development.
Headquarters: Detroit, Michigan, United States
Lear Corporation is one of the leading manufacturers of seating and other related components for automobiles. Besides this, the company produces automotive electronics, wire harnesses, junction boxes, terminals and connectors, and body control modules. It operates from around 260 facilities in 40 countries. Some of the biggest customers of the firm are Ford, BMW and General Motors.
Leoni AG provides wires, optical fibers, cable systems and related services. The company’s main target is the automotive and commercial vehicles industry. However, it also supplies its products to the healthcare, communication, infrastructure and electrical sectors. It operates through mainly two segments, which include wire and cable solutions, and wiring systems division.
Nexans Autoelectric GmbH
Nexans Autoelectric GmbH designs and manufactures cabling systems and electromechanical components. The company provides mounting parts, vehicle electrical systems, components for safety and comfort, and microswitch applications. It sells its products mainly to the automotive and system manufacturers across the globe.
Headquarters: Noida, India
Motherson Group has a diversified portfolio of auto ancillary products and services for customers around the world. The company offers products, such as polymer processing, electrical distribution systems, automotive rearview mirrors, lighting systems, air intake manifolds and HVAC systems.
Sumitomo Electric Industries, Ltd.
Headquarters: Osaka, Japan
Sumitomo Electric Industries, Ltd. manufactures and sells cables, electric wires and related equipment. The company’s products include optical fibers, wire harnesses, antennas for broadcasting stations, and electronic monitoring systems. Sumitomo Electric also produces disc brakes and antilock braking systems for automobiles and printed circuit boards.
AmWINS Group Inc.
Headquarters: North Caroline, United States
AmWINS Group Inc. provides value-added services in product development, underwriting, premium and claims administration and actuarial services. With more than 3,600 employees, the company is an amalgamation of more than 35 wholesale brokerages, underwriting and group benefit operations that have been undertaken over the course of 12 years.
Headquarters: Tokyo, Japan
Yazaki Corporation designs, manufactures and distributes automotive components across the globe. It provides wire harness, meters, electric wires, charging connectors, gas and solar equipment, and in-vehicle safety and service systems.
Headquarters: Seongnam, Gyeonggi, Republic of Korea
Yura Corporation specializes in designing, developing and manufacturing automotive electronics, such as wiring harness and ICUs. The company’s R&D Center performs feasibility studies on developed products. It also analyzes the results against set targets in design, quality and reliability in product designing.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the automotive wiring harness industry, which has enabled clients to set up and expand their businesses successfully.