Automotive Wiring Harness Market Trends and Forecast 2031

The automotive wiring harness market size is projected to reach US$ 76.15 billion by 2031 from US$ 51.98 billion in 2022. The market is expected to register a CAGR of 4.9% in 2023–2031. The Automotive Wiring Harness market is driven by increased automotive sales and production with increasing disposable income of the people. According to the International Organization of Motor Vehicle Manufacturers, automotive sales increased to 92.72 million in 2023 increased by 11.8% compared to 2022. Such growth in automotive sales has created a massive demand for automotive wiring harness products across the globe.

Automotive Wiring Harness Market Analysis

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. Power and information are transferred with the help of a set of wiring networks.

Automotive Wiring Harness Market Overview

Automotive wire harnesses are widely used in three-wheelers, utility vehicles, passenger cars, and commercial vehicles. Harnesses are designed according to the electrical and geometrical vehicle requirements that are embedded in the automotive body, automotive internal combustion engine, and chassis of vehicles. Automotive body wiring harnesses are fitted into several components of the vehicles, including dashboards, power windows, door locks, and other interior electrical components. Engine automotive wiring harnesses fitted with lock braking systems, cruise control systems, speed sensors, and fuel injection systems. Chassis wiring comprises the rear, front, and main harnesses.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Get 10% FREE CUSTOMIZATION

Automotive Wiring Harness Market: Strategic Insights

Automotive Wiring Harness Market

• 
  CAGR (2023 - 2031)

  4.9%
• Market Size 2022
  US$ 51.98 Billion
• Market Size 2031
  US$ 76.15 Billion

Market Dynamics

GROWTH DRIVERS

• Increased Sale and Production of the Automotives is Expected Drive the Global Automotive Wiring Harness Market Growth

FUTURE TRENDS

• Increased demand for the electric vehicles is driving the trend in the automotive wiring harness market

OPPORTUNITIES

• Rising sale of the connected cars and Increased Adoption of the Advanced Technologies in Wiring Harness Drives Significant Opportunity for the Market Growth

Key Players

• Yazaki Corporation
• Sumitomo Electric Industries
• Aptiv PLC
• Furukawa Electric
• Leoni AG
• Lear Corporation Coroplast Fritz M ller GmbH Co
• Jiangsu Kyungshin Electronic Co Ltd
• THB Group
• Nexans

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Main
• Auxiliaries
• Cockpit
• ICE Harness
• E-Motor Harness

Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Medium & Heavy Commercial Vehicle

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Automotive Wiring Harness Market Drivers and Opportunities

Increased Automotive Sales and Production Drives Market Growth

As automotive sale continues to grow, that drives automotive wiring harness market growth. According to the International Organization of Motor Vehicle Manufacturers, in 2023, passenger car sales increased to 65.27 million units increased by around 12% compared to 2022. Further, commercial vehicle sales increased to 27.45 million units in 2023 increased by 13.3% compared to 2022. Such growth in passenger cars and commercial vehicles across the globe has created massive demand for the automotive wiring harness market growth during the forecast period.

Rising sales of connected cars and  Increased Adoption of Advanced Technologies Manufacturing Wiring Harnesses drive significant Opportunities for Market Growth.

The integration of advanced technologies such as IoT AI by the key players is expected to create ample opportunity for the automotive wiring harness market growth. Several key players in the market are developing advanced solutions to launch the automotive wiring harness by forming partnerships with the technology providers. For instance, in November 2023, Yazaki Corporation partnered with  NEC Corporation to manufacture AI-based to automatically develop automotive wiring harnesses. This system combined NEC Corporation’s Digital Robot Planning Solution with its advanced robotic system and simulator for automotive wiring harness assembly at the Yazaki Corporation.

Automotive Wiring Harness Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Automotive Wiring Harness Market analysis are type, platform, application, and end-user.

• Based on type, the market is divided into Auxiliaries, HVAC wiring harnesses, Cockpit, ICE Harness, E-Motor Harness, and Others. Mong these, cockpit harness has the largest share in 2023. This is primarily owing to increased demand for digital accessories by consumers in their passenger cars.
• Based on vehicle type, the market is passenger cars, light commercial vehicles, and medium & heavy commercial vehicles. Among these, light commercial vehicles have the largest share in 2023. This is owing to increased sales of commercial vehicles across the globe.

Automotive Wiring Harness Market Share Analysis by Geography

The geographic scope of the automotive wiring harness market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Asia Pacific is expected to dominate the global automotive wiring harness market in 2023. China, Japan, and India are the fastest growing countries in the automotive wiring harness market during the forecast period. This is primarily owing to increased automotive sales and production with growing consumer disposable income of the people in the country. In March 2023, automotive sales and production totalled 2.68 million units increased by 4% from 2.694 million units compared to February month 2023. Such growth in automotive production across China has created massive demand for the automotive wiring harness market growth during the market growth.

Automotive Wiring Harness Market Report Scope

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Automotive Wiring Harness Market News and Recent Developments

The automotive wiring harness market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for automotive wiring harness market and strategies:

• On November 2023 September 2022, Aptiv Plc acquired Intercable Automotive Solutions from Intercable Srl for USS 600.95 million. Aptiv Plc owned 85% of the stake in Intercable Automotive Solutions after this acquisition. The acquisition helped Aptiv Plc to obtain a leading position in the automotive wiring harness segments. (Source: Flyability, Press Release/Company Website/Newsletter)
• September 2022: Motherson Sumi Ltd. began manufacturing automotive wiring harness products in Serbia at the Požarevac. The plant was established to manufacture automotive wiring harness products for Daimler Trucks.  (Source: Flyability, Press Release/Company Website/Newsletter)

Automotive Wiring Harness Market Report Coverage and Deliverables

The “Automotive Wiring Harness Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles with SWOT analysis