At a projected CAGR of 4.6% over the forecast period, the global automotive wiring harness market is expected to increase from $46.77 billion in 2021 to $64.63 billion in 2028.
.jpg "The Global Automotive Wiring Harness Market 2018-2028 (USD Billion)")
Automotive wiring harness is basically an electrical system of several components used in a vehicle which transmits information and power to a single system. It offer various features such as transmitting information regarding operation of the vehicle, supplying power, and sending and receiving signals, and others.
The components which are assembled comprise electrical devices, speed sensors, ventilation & air conditioning (HVAC) systems, heating, and others. Growing absorption of electronic devices in various vehicles to provide better safety features has contributing automotive wiring harness market growth. Implementing such methods in a vehicle provides many profits such as enhanced performance, low prospect of electrical unavailability, and better fuel efficiency. The global automotive wiring harness market is mainly driven by the factors such as growing trend of integrating highly developed features in vehicles, increasing global vehicle sales, and rising demand for electric vehicles.
The global automotive harness market is basically segmented on the basis of application, components, vehicle type, and region. Based on the application type, the market is categorized into chassis, body, HVAC, speed sensor, and engine. The chassis segment valued for one of the largest automotive wiring harness market shares in 2017. The market is estimated to witness a healthy growth during the forecast period. By components, the market is sub-segmented into aluminum, copper and other materials. Among these, the aluminum segment is anticipated to dominate the automotive wiring harness market, due to use of aluminum in harness system, number of manufacturers are using aluminum to produce lightweight harness system which helps to reduce the vehicle weight and reduce in carbon dioxide emission. Based on vehicle type, the market is classified as heavy vehicles and lightweight vehicles. By electric vehicles type, the automotive wiring harness market is sub-segmented into PHEV, HEV, and BEV. Electric vehicle segment is progressively increasing and hold higher growth likely during the forecast period.
In terms of geographical segment, the automotive wiring harness market size is classified as Asia Pacific, Europe, North America, and Rest of the World. Among these, APAC contributed the largest automotive wiring harness market share, in terms of revenue, Due to the increasing demand for both commercial vehicles and passengers will drive the growth for the automotive wiring harness market during the predictable period.
The global automotive wiring market Key Players:
- Furukawa Electric Co. Ltd
- Delhi Automotive LLP
- Sumitomo Electric Industries, Ltd
- THB Group
- Lear Corporation
- SPARK MINDA
- Nexans Autoelectric
- Yazaki Corporation
- Samvardhana Motherson Group
- Yura Corporation
Automotive Wiring Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | $ 64.63 billion |
| Growth Rate | CAGR of 4. 6 % during 2018-2028 |
| Segment Covered | By Application, By Propulsion, By EV Type, By Vehicle Type, By Component, By Material, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Furukawa Electric Co. Ltd, Delhi Automotive LLP, Sumitomo Electric Industries, Ltd, THB Group, Lear Corporation, SPARK MINDA, Nexans Autoelectric, Yazaki Corporation, Samvardhana Motherson Group, Yura Corporation |
The global automotive wiring market segmented into:
By Application
- Chassis Harness
- Engine Harness
- Dashboard Harness
- Battery Harness
- HVAC Harness
- Seat Harness
- Airbag Harness
- Sunroof Harness
- Door Harness
By Propulsion
- EVs
- ICE Vehicles
By EV Type
- FCEV
- BEV
- PHEV
- HEV
By Vehicle Type
- LCVs
- Passenger Cars
- Trucks
- Buses
By Component
- Terminals
- Connectors
- Wires
- Others
By Material
- Aluminum
- Copper
- Others
By Region
- Asia Pacific
- India
- South Korea
- Japan
- China
- Europe
- Germany
- France
- UK
- Italy
- North America
- Mexico
- Canada
- U.S.
- Rest of the World
- Russia
- Brazil
Frequently Asked Questions (FAQ) :
The market value of Automotive Wiring Harness Market in 2028 was $64.63 billion
Adroit Market Research has segmented the automotive wiring harness market by Propulsion, EV Type, Vehicle Type, Component, Material, Application and geography.
Furukawa Electric Co. Ltd, Delhi Automotive LLP, Sumitomo Electric Industries, Ltd, THB Group, Lear Corporation, SPARK MINDA, Nexans Autoelectric, Yazaki Corporation, Samvardhana Motherson Group, Yura Corporation are a few major players in automotive wiring harness market.