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Global Automotive Wiring Harness Market to Grow at a CAGR of 6% During 2024-2032, Aided by the Rising Demand in the Automobile Industry

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Automotive Wiring Harness Market

Global Automotive Wiring Harness Market Size, Share, Growth: By Component: Electric Wire, Connectors, Terminals, Others; By Application: Body, Engine, Chassis, HVAC, Sensor, Others; By Vehicle Type: Passenger Car, Light Commercial Vehicle (LCV), Medium and Heavy Commercial Vehicle, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Automotive Wiring Harness Market Outlook

The global automotive wiring harness market is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.

 

Global Automotive Wiring Harness Market

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Increasing Applications of Sensor in the Automobile Industry to Bolster the Growth of the Automotive Wiring Harness Industry

Based on application, the sensor segment is likely to account for a significant share in the market. This can be attributed to the rising concerns about safety among drivers and passengers and the growing focus of key manufacturers to enhance safety features in automobiles. Furthermore, sensors are vital in a vehicle as they can monitor fuel consumption and emissions. They can also be utilised to incorporate high-tech features like ADAS, augmented dashboards, and automatic door locking system, among others in vehicles. Therefore, the increasing utilisation of sensors to enhance vehicle safety and provide advanced features is likely to aid the market growth in the forecast period.

 

Rising Demand for Light Commercial Vehicle (LCV) to Augment the Market Growth

On the basis of vehicle type, light commercial vehicles (LCV) accounted for a significant share in the historical period and is likely to grow considerably in the forecast period as well. LCV has always proved to be convenient for the transportation of goods owing to its fuel efficiency, speed, and cost-effectiveness. Over the forecast period, the anticipated growth of the segment can be attributed to the rising demand for automotive wiring harness, owing to the increasing demand for LCVs such as pickup trucks, vans, and others in regions like the Asia Pacific.

 

The Asia Pacific Accounts for a Significant Share in the Market

The growing automotive manufacturing, owing to the rising disposable income, thriving transportation and logistics sector, and increasing population, is likely to bolster the market growth in the region. Over the forecast period, the increasing investment to improve transportation infrastructure and the growing penetration of the leading automotive manufacturers in countries like India and China are expected to further aid the market. Meanwhile, Europe is likely to hold a significant share in the market owing to the availability of advanced technologies, increased demand for luxury and autonomous cars, and the presence of key automotive wiring harness manufacturers in the region.

 

Automotive Wiring Harness: Market Segmentation

Automotive wiring harness is defined as an electrical assembly of different components of a vehicle that transmits power and information to a single system. They are a bundle of loose wires grouped together into a single system that powers up different electrical and electronic devices in an automobile.

 

Global Automotive Wiring Harness Market by Segment

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Based on component, the market is divided into:

  • Electric Wire
  • Connectors
  • Terminals
  • Others

The significant applications of the product include:

  • Body
  • Engine
  • Chassis
  • HVAC
  • Sensor
  • Others

On the basis of vehicle type, the market can be segmented into:

  • Passenger Car
  • Light Commercial Vehicle (LCV)
  • Medium and Heavy Commercial Vehicle (M&HCV)
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Automotive Wiring Harness Market by Region

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Increasing Vehicle Production and the Rapid Technological Advancements to Boost the Growth of the Automotive Wiring Harness Industry

The global automotive wiring harness industry is driven by the growing production of vehicles, coupled with stringent government regulations to reduce vehicular emissions. The use of advanced wiring harness in vehicles improves their fuel efficiency and helps to cut down vehicular emission levels, thus, resulting in its increased demand. Moreover, with increasing consumer disposable income, there has been a rise in demand for premium cars and luxury vehicles, which is expected to further propel the market growth. Over the forecast period, the growing technological advancements and the development of advanced automotive systems are expected to foster the demand for automotive wiring harness, thus, augmenting the market growth significantly.

 

Key Industry Players in the Global Automotive Wiring Harness Market

The report gives a detailed analysis of the following key players in the global automotive wiring harness market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Sumitomo Electric Industries Ltd.
  • Furukawa Electric Co. Ltd.
  • Yazaki Corporation
  • Leoni AG
  • Lear Corporation 
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Application 
  • Vehicle Type
  • Region
Breakup by Component
  • Electric Wire
  • Connectors
  • Terminals
  • Others
Breakup by Application
  • Body 
  • Engine
  • Chassis 
  • HVAC
  • Sensor      
  • Others
Breakup by Vehicle Type
  • Passenger Car
  • Light Commercial Vehicle (LCV) 
  • Medium and Heavy Commercial Vehicle (M&HCV)
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Sumitomo Electric Industries Ltd. 
  • Furukawa Electric Co. Ltd.
  • Yazaki Corporation
  • Leoni AG
  • Lear Corporation
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Automotive Wiring Harness Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Automotive Wiring Harness Historical Market (2018-2023) 
    8.3    Global Automotive Wiring Harness Market Forecast (2024-2032)
    8.4    Global Automotive Wiring Harness Market by Component
        8.4.1    Electric Wire
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Connectors
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Terminals
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Automotive Wiring Harness and Market by Application 
        8.5.1    Body 
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Engine
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Chassis 
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    HVAC
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Sensor      
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Automotive Wiring Harness Market by Vehicle Type
        8.6.1    Passenger Car
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Light Commercial Vehicle (LCV) 
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Medium and Heavy Commercial Vehicle (M&HCV)
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others    
    8.7    Global Automotive Wiring Harness Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Automotive Wiring Harness Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Automotive Wiring Harness Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Automotive Wiring Harness Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Automotive Wiring Harness Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Automotive Wiring Harness Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Sumitomo Electric Industries Ltd. 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Furukawa Electric Co. Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Yazaki Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Leoni AG
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Lear Corporation
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Automotive Wiring Harness Market: Key Industry Highlights, 2018 and 2032
2.    Global Automotive Wiring Harness Historical Market: Breakup by Component (USD Billion), 2018-2023
3.    Global Automotive Wiring Harness Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.    Global Automotive Wiring Harness Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Automotive Wiring Harness Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Automotive Wiring Harness Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7.    Global Automotive Wiring Harness Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8.    Global Automotive Wiring Harness Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Automotive Wiring Harness Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Automotive Wiring Harness Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Automotive Wiring Harness Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Automotive Wiring Harness Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Automotive Wiring Harness Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Automotive Wiring Harness Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Automotive Wiring Harness Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Automotive Wiring Harness Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Automotive Wiring Harness Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Automotive Wiring Harness Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Automotive Wiring Harness Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Automotive Wiring Harness Market Structure

Key Questions Answered in the Report

What is the growth rate of the global automotive wiring harness market?

The market is projected to grow at a CAGR of 6% between 2024 and 2032.

What are the major drivers of the automotive wiring harness market?

The major drivers of the market are rising concern about safety, growing demand for light commercial vehicles, and increasing population.

What are the key trends of the automotive wiring harness market?

The key trends guiding the growth of the market include the rising disposable income, growing demand for autonomous vehicles and luxury cars, and increasing application of sensors in the automobile industry.

What are the major regional markets of automotive wiring harness, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the significant applications of automotive wiring harness in the market?

The significant applications of automotive wiring harness in the market are body, engine, chassis, HVAC, and sensor, among others.

What are the major vehicle types in the market?

The major vehicle types in the market are passenger car, light commercial vehicle (LCV), and medium and heavy commercial vehicle (M&HCV), among others.

What are the various components of automotive wiring harness in the market?

The various components of automotive wiring harness are electric wire, connectors, and terminals, among others.

What is automotive wiring harness?

Automotive wiring harness refers to the assembly of different components of an vehicle which are capable of transmitting power and information to a single system.

What type of wire is used in automotive wiring?

Automotive wire is commonly made from aluminium or copper, depending upon the vehicle, budget, and application.

Who are the key market players, according to the report?

The major players in the global automotive wiring harness market are Sumitomo Electric Industries Ltd., Furukawa Electric Co. Ltd., Yazaki Corporation, Leoni AG, and Lear Corporation, among others.

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