The automotive wiring harness global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Wiring Harness Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The automotive wiring harness market size has grown strongly in recent years.
It will grow from $58.12 billion in 2023 to $61.48 billion in 2024 at a
compound annual growth rate (CAGR) of 5.8%.
The growth in the historic period
can be attributed to regulatory mandates, rise in passenger car sales, economic
growth, government support.
The automotive wiring harness market size is expected to see strong growth in
the next few years. It will grow to $75.7 billion in 2028 at a compound annual
growth rate (CAGR) of 5.3%. The growth
in the forecast period can be attributed to increasing emphasis on vehicle
safety, rising vehicle sales, rising connected vehicles, rising urbanization,
rising disposable income. Major trends in the forecast period include
eco-friendly materials, 5g integration, thermal management, modular and
scalable designs, collaboration and partnership.
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Scope Of Automotive Wiring Harness Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Automotive Wiring Harness Market Overview
Market Drivers -
The expanding demand and usage of hybrid and electric vehicles are
significantly contributing to the growth of the automotive wiring harness
market. An automotive wiring harness is used in hybrid vehicles to offer good
performance in harsh environments. These harnesses can transmit high currents
even in extreme conditions, thus being able to handle electrical loads and
resist high heat and electromagnetic noise. In 2021, electric car sales doubled
to 6.6 million from 3 million in 2020. Also, sales in China, the US, and Europe
increased by 160% in the first half of 2021 over the previous year. The
increasing demand for electric and hybrid cars is expected to propel the demand
for automotive wiring harnesses, thus driving the growth of the automotive
wiring harness market during the forecast period.
The automotive wiring harness market covered in this report is segmented –
1) By Component Type: Wires, Connectors, Terminals, Other Components
2) By Material Type: Copper, Aluminum, Other Materials
3) By Harness Type: Main Harness, Auxiliary Harness, Other Types
4) By Vehicle Type: Two Wheelers, Passenger Cars, Commercial Vehicles
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Regional Insights -
Asia-Pacific was the largest region in the automotive wiring harness market in
2023 and is expected to be the fastest-growing region in the forecast period.
The regions covered in the automotive wiring harness market report include
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East and Africa.
Key Companies -
Major companies operating in the automotive wiring harness market include Yazaki Corporation, Sumitomo Electric
Industries, Aptiv PLC, Furukawa Electric, Leoni AG, Nexans, DELPHI AUTOMOTIVE
LLP, Lear Corporation, SAMVARDHANA MOTHERSON GROUP, Yura Corporation d.o.o.,
Fujikura Automotive, PKC Group PLC., Coroplast Fritz Muller GmbH & Co. Kg,
Motherson Sumi Systems Limited, Quingdao Sanyuan Group, Kyungship Corporation,
Kromberg & Schubert, Jiangsu Kyungshin Electronic Co. Ltd, Adaptronic
Pruftechnik GmbH, Brascabos Electrical Electronic Components, Cypress
Industries, Czech Republic Onamba S.R.O., Dräxlmaier Group, United Harness Limited,
Gebauer & Griller Group, General Cable Technologies Corporation, BorgWarner
Inc., TE Connectivity Ltd, Spark Minda Group, Samvardhana Motherson Reflectec,
THB Group Inc., K&S Wiring Systems, Hirschmann Car Communication GmbH,
Minda Automotive Solutions Ltd.
Table of Contents
1. Executive Summary
2. Automotive Wiring Harness Market Report Structure
3. Automotive Wiring Harness Market Trends And Strategies
4. Automotive Wiring Harness Market – Macro Economic Scenario
5. Automotive Wiring Harness Market Size And Growth
…..
27. Automotive Wiring Harness Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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