Automotive Wiring Harness Market size was valued at USD 49.46 Bn. in 2022 and the total revenue is expected to grow at 4.8% of CAGR through 2023 to 2029, reaching nearly USD 68.68 Bn.
Automotive Wiring Harness Market Overview
Maximize Market Research's new report on the Global Automotive Wiring Harness Market 2023-2029 is a valuable resource for understanding the market's competitors and gaining key business insights. The report provides a comprehensive overview of the market, including its value chain structure, geographical analysis, applications, market size, and forecast (2023-2029). This information can be used to make more informed decisions about the current and future state of the global Automotive Wiring Harness market.
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Automotive Wiring Harness Market Scope
The report focuses on the key factors that are driving and restraining the growth of the Automotive Wiring Harness market, as well as the competitive landscape and future prospects. It provides insights into the current and future market trends, demand chain, supply chain, and sales, as well as recent changes in the market.
The report also includes company profiles of the key players in the Automotive Wiring Harness market, including their overview, financial performance, product portfolio, and strategies. It also uses SWOT and PESTLE analysis to provide a comprehensive view of the market.
Automotive Wiring Harness Market Segmentation
Electric wires, connectors, terminals, and other components make up the market's component segments. The terminal sector held a sizable proportion in 2022 and is predicted to increase at the fastest rate. Wire ends or connections to other components are made at wiring harness terminals.
Like wire harness connectors, the type of terminal needed will depend on the intended application and may have different shape, size, and insulating requirements. Non-insulated terminals are a more economical choice when protection from temperature, moisture, or environmental factors is not necessary.
The three basic parts of a wire harness are wires, connectors for the wiring harness, and terminals. Depending on the intended environment, there are many terminal and wiring connector types available. The usage of wire harnesses is widespread in applications like electronics, aerospace, medical, automotive, and military hardware.
Due to the rising need for automotive wire harnesses in chassis applications such frames, air brake pumps, suspension systems, and others, this market segment is anticipated to take the lead in automotive wiring harness applications. According to MMR, the chassis harness market share is anticipated to exceed xx% in 2022.
The chassis is the machine's overall framework, or skeleton, into which all of its components are fitted. Rigidity, strength, and cost reduction are the primary design factors for electric vehicle chassis. The most significant component of an electric car is the chassis, which stands for security and life.
According to Vehicle Type, "Passenger Cars" accounted for almost 50% of the market in 2022. All different kinds of vehicles, including passenger cars, commercial vehicles, two- and three-wheelers, multi-utility vehicles, farms, material handling equipment, and off-road vehicles, employ different sorts of harnesses.
All automotive harnesses are built to function flawlessly in harsh environments and can therefore support enormous weights. In addition to the common sorts, there are also unique kinds like wire harnesses for two- and four-wheel vehicles, buses, and trucks.
Power door locks, the circuit breaker for headlights and backup lights, ignition switch connectors for the horn, cigarette lighter, engine fan, radio battery, wipers, and brake lights, among many other applications, all need to be connected.
1 Global Automotive Wiring Harness Market, by Component (2021-2029)
• Electric wire
• Connector
• Terminals
• Other
2 Global Automotive Wiring Harness Market, by Application (2021-2029)
• Body
• Engine
• Chassis
• HVAC
• Sensors
3 Global Automotive Wiring Harness Market, by Vehicle type (2021-2029)
• Passenger car
• Commercial vehicles
4 Global Automotive Wiring Harness Market, by Material type (2021-2029)
• Metallic
• Optical fiber
5 Global Automotive Wiring Harness Market, by Transmission type (2021-2029)
• Electrical wiring
• Data transmission
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Automotive Wiring Harness Market Key Players
1. Aptiv PLC (US)
2. Delphi Automotive LLP (US)
3. The Harness Connection (US)
4. Lear Corporation (US)
5. QINGDAO SANYUAN GROUP (US)
6. Fujikura Ltd (Japan)
7. Furukawa Electric Co. Ltd. (Japan)
8. Sumitomo Electric Industries, Ltd. (Japan)
9. THB Group (UK)
10. Nexans (France)
11. Yura Corporation (Korea)
12. Leoni Ag (Germany)
13. PKC Group (Finland)
14. Minda Spark (India)
15. Devise Electronics Pvt. Ltd. (India)
16. EMDEP TestBoards (India)
17. Samvardhana Motherson Group (India)
18. AutoelectricYazaki Corporation (India)
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Automotive Wiring Harness Market Regional Analysis
The global Automotive Wiring Harness Market's growth trend is examined in depth throughout the report. It divides the major 5 regions, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which have global dominance in the Automotive Wiring Harness market.
Key Questions answered in the Automotive Wiring Harness Market Report are:
- What are the Automotive Wiring Harness market segments?
- What are the global trends in the Automotive Wiring Harness Market?
- What are the major challenges that the Automotive Wiring Harness Market could face in the future?
- How is the intervention from regulatory authority shaping the Automotive Wiring Harness Market?
- Who are the Automotive Wiring Harness key players in the industry?
- What growth strategies are the players considering to increase their presence in Automotive Wiring Harness Market?
- Which region held the largest Automotive Wiring Harness market share in 2022?
- Which regional Automotive Wiring Harness market is expected to grow rapidly during the forecast period?
Key offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Recommendations
- Key Findings
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