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Automotive Wiring Harness Market Size to Worth Around US$ 79 Bn by 2027

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[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global automotive wiring harness market size is expected to register revenues worth USD 79 billion by the end of 2027, growing at an exceptional CAGR of approximately 4.6% between 2020 and 2027.

Automotive Wiring Harness

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Growth Factors:

Escalating GDP and continuous technological advancements are prime influences stimulating the demand for automotive wiring harness worldwide. Adoption of electric cars such as mild hybrids is expected to grow substantially around the world during the coming few years.

This will indirectly spur the demand for high voltage wiring harnesses. Additionally, numerous government regulations and norms executed for vehicle safety are projected to lift the demand for automotive wiring harness. Safety regulations are considered to propel installation of safety devices in vehicles that require substantial usage of body wiring harness.

Report Scope of the Automotive Wiring Harness Market
Report Highlights Details
Market Size USD 79 Billion by 2027
Growth Rate CAGR of 4.6% from 2021 to 2027
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2027
Segments Covered Type, Material, Propulsion, Transmission, Vehicle, Sales Channel, Geography
Companies Mentioned Sumitomo Electric Industries, Ltd., Delphi Automotive LLP, Furukawa Electric Co. Ltd, Lear Corporation, THB Group, Yura Corporation, Leoni Ag, SPARK MINDA, Yazaki Corporation, Fujikura Ltd., QINGDAO SANYUAN GROUP

Demand for automotive wiring harnesses is directly proportionate to augmented manufacturing of different types of vehicles. Elevated disposable income, improved government initiatives including Make in India, and prevalent low labor cost in countries such India and China have augmented light commercial vehicles and of passenger cars manufacturing in different developing nations. This results in substantial demand for automotive wiring harnesses in these economies.

Scope of the Report

A recent study by Precedence Research on the automotive wiring harness market offers a forecast for 2020 and 2027. The study analyzes crucial trends that are currently determining the growth of the automotive wiring harness market.

This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of automotive wiring harness. The study also provides the dynamics that are responsible for influencing the future status of the automotive wiring harness market over the forecast period.

A detailed assessment of the automotive wiring harness market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the automotive wiring harness market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights
  • At present, automotive wiring harness market is concentrated on technology advancements including Ethernet cables and heat insulated wires. OEMs are stressing on the advanced automotive wiring harnesses development and to improve vehicles performance at finest level and to guarantee appropriate functioning of all electronic devices tailored in vehicles.
  • Globally, sale of higher voltage wires is projected to surge due to augmentation in the need for electric vehicles. Mild hybrid and 48V vehicles are estimated to achieve acceptance that offers lucrative prospect for the automotive wiring harness market.
  • Geographically, Asia Pacific emerged as extremely potential market for automotive wiring harness on account of prevailing awareness for incorporation of navigation and safety devices in vehicles those needs body wiring harness and different other kinds of wiring harness.
Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

Some of the prominent players in the automotive wiring harness market include:
  • Sumitomo Electric Industries, Ltd.
  • Delphi Automotive LLP
  • Furukawa Electric Co. Ltd
  • Lear Corporation
  • THB Group
  • Yura Corporation
  • Leoni Ag
  • SPARK MINDA
  • Yazaki Corporation
  • Fujikura Ltd.
  • QINGDAO SANYUAN GROUP
  • SamvardhanaMotherson Group
  • NexansAutoelectric
  • PKC Grou

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Segments Covered in the Report

By Type

  • Engine Harness
  • Dashboard/ Cabin Harness
  • Battery Wiring Harness
  • Chassis Wiring Harness
  • Body & Lighting Harness
  • HVAC Wiring Harness
  • Seat Wiring Harness
  • Door Wiring Harness
  • Sunroof Wiring Harness

By Material

  • Metallic
    • Aluminum
    • Copper
    • Other Metals
  • Optical Fiber
    • Plastic Optical Fiber
    • Glass Optical Fiber

By Propulsion

By Transmission

  • Electric Wiring
  • Data Transmission

By Vehicle

By Sales Channel

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
  • Latin America

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Read Also@ Advanced Driver Assistance Systems Market growth at a CAGR of 13.8% by 2030

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region.

Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2027. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global automotive wiring harness market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the automotive wiring harness market.

The report includes country-wise and region-wise market size for the period 2019-2027. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2027.

Why should you invest in this report?

If you are aiming to enter the global automotive wiring harness market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive wiring harness are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Market Variables and Scope

Chapter 5. Market Dynamics Analysis and Trends

Chapter 6. Competitive Landscape

Chapter 7. Global Automotive Wiring Harness Market, By Type

Chapter 8. Global Automotive Wiring Harness Market, By Material Type

Chapter 9. Global Automotive Wiring Harness Market, By Propulsion Type

Chapter 10. Global Automotive Wiring Harness Market, By Transmission Type

Chapter 11. Global Automotive Wiring Harness Market, By Sales Channel

Chapter 12. Global Automotive Wiring Harness Market, By Product

Chapter 13. Global Automotive Wiring Harness Market, Regional Estimates and Trend Forecast

Chapter 14. Company Profiles

Chapter 15. Research Methodology

Chapter 16. Appendix

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About Us

Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Our repository covers consultation, syndicated market studies, and customized research reports. Through our services we aim at connecting an organization’s goal with lucrative prospects globally.

From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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