[193+ Pages Report] According to the report published by Facts and Factors, the global Automotive Wiring Harness market size was worth at around USD 47.50 billion in 2022 and is estimated to expand around USD 63.53 billion by 2030 with a compound annual growth rate (CAGR) of approximately 4.24% between 2023 and 2030. The report analyses the global Automotive Wiring Harness market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Automotive Wiring Harness market.
Our report offers a detailed analysis of the global Automotive Wiring Harness market along with extensive market forecasts. It also covers the key market and technological trends in the Automotive Wiring Harness market. The market-oriented report further offers a complete analysis of the factors influencing the supply & demand for the automotive wiring harness and the opportunities & challenges faced by major market players. The research report will prove to be an essential study for the companies or start-ups willing to capitalize on the opportunities and develop new business strategies. Our research analysts provide insights into technological developments, whole value chain, costs analysis, etc.
Our analysts have used analytical tools to make a comprehensive analysis of the global Automotive Wiring Harness market size which is valued in terms of USD Million. All the market stimulators, drivers, growth & development trends, and market share are clearly provided in the report. The challenges and opportunities faced by the industrial players along with the regional demand and growth trends that help the market expand are presented in the report.
The report includes SWOT analysis, Porter’s Five Forces, and PESTEL analysis to study the market. Porter’s Five Forces helped study the competitive market participants and SWOT analysis offers challenges and opportunities for the market and organization. PESTEL analysis helps provide the factors impacting the firm’s performance. Thus, these tools along with the secondary sources help identify and collect information useful for this extensive techno-commercial study.
An electrical assembly of a number of parts in a vehicle transmitting power and information to a specific system is termed as the automotive wiring harness. It is vital in sending & receiving sensor signals, transmitting information about the operation of the vehicle, and supplying power. The components basically include electrical devices, heating, ventilation and air conditioning (HVAC) systems, speed sensors, and other electronic components.
Report Attribute |
Details |
Market Size in 2022 |
USD 47.50 Billion |
Projected Market Size in 2030 |
USD 63.53 Billion |
CAGR Growth Rate |
4.24% CAGR |
Base Year |
2022 |
Forecast Years |
2023-2030 |
Key Market Players |
Yazaki Corporation, Leoni AG, Sumitomo Electric Industries, Aptiv PLC, and Furukawa Electric. |
Key Segment |
By Category, Component, Material Type, Vehicle Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The automotive wiring harness market growth is propelled by surging production of vehicles, especially eco-friendly vehicles, and the advancing technologies. Another important factor anticipated to drive the Automotive Wiring Harness market is the rising demand for fuel efficiency and low vehicular emissions. In addition, the increasing requirement for high-speed data transmission from vehicle manufacturers will further supplement the growth of the global Automotive Wiring Harness market. The market for the automotive wiring harness is likely to be enhanced by the rising fuel prices, monetary and other government subsidies, and development of charging infrastructure.
Furthermore, the demand for security in passenger cars such as blind-spot detection, immobilizer, automated steering control systems, keyless entry, stolen vehicle assist, and alarms is expected to boost the demand for the automotive wiring harness. A noticeable trend in the global Automotive Wiring Harness market is the increasing penetration of luxury vehicles. However, overheating or short circuits of the wiring harness in extreme climatic conditions dealing regions results in a high cost of replacement, which are the restraining factors for the market growth.
On the basis of component, the global Automotive Wiring Harness market is categorized into Connectors, Terminals, Wires, and Others. In terms of category, the market is segmented into Tubed Wires, Heat Resistant Wires, Shielded Wires, and General Wires. Based on material type, the market is sectored into Metallic Wiring and Optical Wiring. By vehicle type, the global Automotive Wiring Harness market is divided into Passenger Cars, Two Wheelers, and Commercial Vehicles.
Application-wise, the market is segregated into Door Harness, Sunroof Harness, Dashboard/Cabin Harness, Battery Harness, Engine Harness, HVAC Harness, Seat Harness, Chassis Harness, and Body & Lighting Harness. Geographically, the market is segmented into North America, Latin America, Asia Pacific, the Middle East & Africa, and Europe.
Global Automotive Wiring Harness Market is segmented into:
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