Wire Harness Market Scope And Analysis

Report Code : TIPRE00017188
Category : Electronics and Semiconductor

Status : Published
No. of Pages : 218

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Wire Harness Market Scope, Growth, Size and Share by 2030

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Wire Harness Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 94.19 Billion
Market Size by 2030	US$ 150.7 Billion
Global CAGR (2023 - 2030)	6.9%
Historical Data	2021-2022
Forecast period	2024-2030
Segments Covered	By Component Wire Harness Connectors Wire Harness Terminals By Material PVC Vinyl Thermoplastic Elastomer Polyurethane Polyethylene By End User Automotive Marine Aerospace & Defense Consumer Durables Medical Agriculture Industrial
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Fujikura Ltd Furukawa Electric Co Ltd Lear LEONI Motherson Group Nexans Sumitomo Electric Industries Ltd THB Group Yazaki Corporation

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the wire harness market. A few recent key market developments are listed below:

In 2021 Faraday Future, a smart mobility ecosystem company, partnered with DRAXLMAIER Group for the supply of Interior consoles for FF 91 vehicles. Under the partnership agreement, DRAXLMAIER Group would supply front and rear center consoles for FF 19.
In 2021, Lear entered into a joint venture with Hu Lane Associate Inc., automotive connector products manufacturer. This joint venture extends Lear's ability of connector system products manufacturing and makes it more competitive in the wire harness business.
In 2021, Lear has become the leading investor for the Series C round of financing in CelLink Corporation, flat and flexible circuit manufacturer.
In 2021, Sumitomo Electric and Valens Semiconductor formed collaboration for making the Sumitomo's wiring harness systems meets the channel needs of the A-PHY specifications. The collaboration has been made for A-PHY technology and departments.
In 2021, Lear acquired M&N Plastics, Michigan based engineered plastic components for automotive electrical distribution manufacturer and injection moulding specialist. This acquisition extends Lear's capacity of production of high voltage wire harness.
In 2021, Nexus expands its production ability by opening of cable harness production facility at Tinjanin, China. With addition of this facility Nexans owns global production capacity of production of more than a million harnessed cables every year.