The global automotive wiring harness market size is projected to grow from USD 48.7 billion in 2023 to USD 59.5 billion by 2030, at a CAGR of 2.9% from 2023 to 2030
The automotive wiring harness market size is experiencing significant growth, driven by several key trends shaping the industry’s future. The rising demand for electric vehicles (EVs) and hybrid vehicles is a major factor, as these vehicles require complex and high-performance wiring harnesses to manage power distribution and signal transmission efficiently. The shift towards advanced driver-assistance systems (ADAS) and autonomous driving technologies is also propelling the market, necessitating sophisticated wiring harnesses to support the increased electronic components and sensors. Additionally, the growing focus on vehicle safety, fuel efficiency, and emission reduction has led to the adoption of lightweight and high-strength wiring harness materials, such as aluminum and optical fiber, to reduce overall vehicle weight and improve performance.
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The passenger car segment is estimated to lead the market in terms of value during the forecast period and is projected to be the fastest-growing market. This can be primarily attributed to the increasing demand for advanced automotive wiring harnesses in both economy and premium vehicles with advanced features. The primary driver of this market’s growth across all vehicle categories is the surge in vehicle production. Moreover, substantial technological advancements have played a significant role in expanding the market across various vehicle types. ICE vehicles, primarily passenger cars, are now equipped with advanced features and technologies to enhance passenger safety and comfort. As a result, there is a higher installation of wiring harnesses to support these features. Asia Pacific, followed by Europe, is estimated to be the fastest-growing market for passenger cars. The continuous expansion of automotive manufacturing facilities and the increasing demand for passenger cars in these regions drive the need for more advanced wiring harnesses.
The body & lighting segment holds the second largest share in the application type segment. This is due to the strong demand for passenger comfort and premium features. As these features increase, the number of wiring harnesses in the body & lighting category also rises. Furthermore, to enhance the overall driving experience, luxurious features are continually being incorporated into passenger cars, with dashboards becoming increasingly interactive. The introduction of augmented reality (AR) dashboards drives the need for more wiring harnesses in this segment. In the passenger car automotive wiring harness market, the application of body & lighting harnesses is expected to exhibit significant growth, with the increase in market value reflecting a noteworthy CAGR.
The Asia Pacific region is projected to be the largest automotive wiring harness market. The Asia Pacific region comprises China, India, Japan, South Korea, Thailand, and the Rest of Asia Pacific. This growth is primarily fueled by the increasing demand for electric vehicles and premium segment vehicles in China, India, and Japan, contributing significantly to the expansion of the wiring harness market in this region. Integrating electronic features in vehicles is expected to boost the automotive wiring harness market further. As a prominent growth driver, China distinguishes itself due to its substantial vehicle manufacturing capacity, ranking as the world’s largest vehicle producer.
Key Market Players:
Major players operating in the electric powertrain market are Yazaki Corporation (Japan), Sumitomo Electric Industries, Ltd. (Japan), Aptiv PLC (Ireland), Furukawa Electric (Japan), and Leoni AG (Germany).
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