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Automotive Wiring Harness Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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The global automotive wiring harness market is envisioned to value at USD 81 Billion by 2029 end and is expected to register a CAGR of 5.7% over the forecast period 2019-2029. Rising integration of electronic appliances in vehicles to provide safety
Automotive Wiring Harness Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2029
The global automotive wiring harness market is envisioned to value at USD 81
Billion by 2029 end and is expected to register a CAGR of 5.7% over the forecast
period 2019-2029.
Rising integration of electronic appliances in vehicles to provide safety features is
driving the growth of the market. Deployment of such systems has resulted in
enhanced performance and improved fuel efficiency. Increased manufacturing of
vehicles has positively influenced the automotive wiring harness market. The rise in
disposable income is also propelling the market. Rapid production of an electric
vehicle is also soaring the market. Favorable government policies, advancement in EV
charging infrastructure is also fueling the growth of the market. The growing need
for intricate wiring for advanced electronic and electric devices is bolstering the
requirement of the wiring harness.
The market is segmented into material, component, application, electric vehicle,
vehicle, region. Based on the component, the terminal segment is expected to grow
exponentially. Adoption of self-driving vehicles and connected vehicles remains the
major factor behind the rising demand of the terminal chassis.
On the basis of application, the chassis segment is expected to dominate the market.
Automotive wiring harness is deployed in multiple components such as headlamps,
infotainment systems and turn indicators.
Vehicle type consists of heavy vehicles and light vehicles. Light vehicles are expected
to dominate the market during the coming time. The rapid increase in sales of
passenger cars is contributing to the growth of the market. Increasing government
regulations regarding safety are elevating the demand for light vehicle thus
expanding the automotive wiring harness market.
Based on an electric vehicle, the battery electric vehicle is expected to be in vast
demand during the forecast. The imposition of government incentives and fewer
battery prices is accelerating the demand for an electric vehicle, thus promoting the
automotive wiring harness market.
On the basis of components, aluminium segment is expected to show significant
growth. Manufacturers are opting for aluminium to develop lightweight wiring
harness, thus reducing the overall vehicle weight.
In terms of region, Asia-Pacific is expected to be a lucrative region for the
manufacturers during the forecast period. The increasing production rate of
automobiles is escalating the market in the region. Advancement in infrastructure is
also fueling the growth of the market in the region. Europe is also expected to boost
the market. The governments of France and Germany have implemented stringent
regulations which aim at using advanced technologies to prevent high emission levels
in vehicles. The zero-emission vehicles project is also accompanying the thriving of
the market. The latest prospect of deploying automotive wiring harness in advanced
electronic technologies is also creating a lucrative space for the manufacturers.
Some of the prominent players of the market are Sumitomo Electric Industries,
Furukawa Electric Co.Ltd, Yazaki Corporation, Lear Corporation, SPARK MINDA,
Delphi Automotive LLP, Nexans Autoelectric and Samvardhana Motherson Group.
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Global Automotive Wiring Harness Market Segmentation
By Material
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Aluminium
Copper
Others
By Component
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Electric Wires
Connectors
Terminals
Others
By Application

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

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Engine Harness
Chassis Harness
Body & Lighting Harness
HVAC Harness
Dashboard/Cabin Harness
By Electric Vehicle

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Battery Electric Vehicles (BEV)
Fuel Cell Electric Vehicle (FCEV)
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Vehicle (PHEV)
By Vehicle

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Heavy Vehicles
Light Vehicles
By Region:




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North America
Latin America
Europe
Asia-Pacific
Rest of the World
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Competitive Landscape:
● Tier 1 players- established companies in the market share
● Tier 2 players
● Emerging players which are growing rapidly
● New Entrants
FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global automotive wiring harness
market by application, by vehicle, by EV type, and by region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and rest of world
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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