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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
An automotive wiring harness refers to an assembly of electric wires, connectors and terminals that relays power and information throughout the vehicle. It also acts as a safety casing that aids in preventing fires caused by short circuits. The different wires connect different components of the automobile and carry energy to start the engine, power windows and operate the navigation system, meters and lights. The components are designed to ensure reliable transmission of energy and operate efficiently under high temperatures, vibration, moisture and noise. They are also commonly used to harness wiring of the chassis, heating, ventilation and air conditioning (HVAC) system and sensors.
Significant growth in the automotive industry across the globe is one of the key factors driving the market growth. In line with this, there is widespread adoption of electric vehicles (EVs), owing to growing environmental consciousness, which is driving the product demand. In comparison to the conventionally used wiring systems, automotive wiring harness offers highly secure and reliable connections, while enhancing the fuel efficiency of the vehicle. Wiring harnesses are also used for securing safety sensors, such as blind-spot detection and automated control systems, for superior vehicle performance. Various product innovations, such as the development of aluminum harnesses, are acting as another growth-inducing factor. Aluminum components are primarily used for vehicle electrification and minimizing vehicular weight, thereby leading to improved fuel economy and reduced carbon emissions. Other factors, including the utilization of cost-effective and reliable optical fibers, along with the growing demand for Advanced Driver Assistance Systems (ADAS) in vehicles, are projected to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive wiring harness market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on application, material type, transmission type, vehicle type, category and component.
Breakup by Application:
Breakup by Material Type:
Breakup by Transmission Type:
Breakup by Vehicle Type:
Breakup by Category:
Breakup by Component:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Delphi Technologies (BorgWarner Inc.), Furukawa Electric Co. Ltd., Lear Corporation, Leoni AG, Nexans Autoelectric GmbH, PKC Group Plc (Motherson Sumi Systems Ltd.), Samvardhana Motherson Automotive Systems Group B.V., Sumitomo Electric Industries Ltd., THB Group (AmWINS Group, Inc), YAZAKI Corporation and YURA Corporation, etc.
|Base Year of the Analysis||2021|
|Segment Coverage||Application, Material Type, Transmission Type, Vehicle Type, Category, Component, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Delphi Technologies (BorgWarner Inc.), Furukawa Electric Co. Ltd., Lear Corporation, Leoni AG, Nexans Autoelectric GmbH, PKC Group Plc (Motherson Sumi Systems Ltd.), Samvardhana Motherson Automotive Systems Group B.V., Sumitomo Electric Industries Ltd., THB Group (AmWINS Group, Inc), YAZAKI Corporation and YURA Corporation|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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