According to the latest report by IMARC Group titled, “Automotive Wiring Harness Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global automotive wiring harness market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
Automotive wiring harness refers to an organized bundle of wires, terminals and connectors that provides power and information throughout a vehicle. It is designed to minimize installation time, reduce the risk of shorting, improve fuel efficiency and operate in extreme conditions effectively. It also aids in signal transmission and providing power to different electronic and electrical devices in the vehicle. Besides this, it is also used in two-wheelers, three-wheelers, cars, utility vehicles and commercial vehicles.
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Owing to inflating disposable incomes, increasing fuel prices and growing environmental concerns, there is increasing adoption of electric vehicles (EVs) across the globe. This represents one of the key factors impelling market growth. Moreover, the rising number of road accidents is further escalating the demand for automotive wiring harnesses. Other than this, the increasing demand for lightweight materials in vehicle manufacturing and designs on account of their cost-effectiveness, in confluence with the burgeoning automotive industry, is expected to propel the market growth in the coming years.
Insights on Market Segmentation:
Breakup by Application:
- Body Wiring Harness
- Engine Wiring Harness
- Chassis Wiring Harness
- HVAC Wiring Harness
- Sensors Wiring Harness
- Others
Breakup by Material Type:
- Copper
- Aluminum
- Others
Explore full report with table of contents: https://www.imarcgroup.com/automotive-wiring-harness-market
Breakup by Transmission Type:
- Data Transmission
- Electrical Wiring
Breakup by Vehicle Type:
- Two Wheelers
- Passenger Cars
- Commercial Vehicles
Breakup by Category:
- General Wires
- Heat Resistant Wires
- Shielded Wires
- Tubed Wires
Breakup by Component:
- Connectors
- Wires
- Terminals
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Delphi Technologies (BorgWarner Inc.), Furukawa Electric Co. Ltd., Lear Corporation, Leoni AG, Nexans Auto electric GmbH, PKC Group Plc (Motherson Sumi Systems Ltd.), Samvardhana Motherson Automotive Systems Group B.V., Sumitomo Electric Industries Ltd., THB Group (AmWINS Group Inc.), YAZAKI Corporation, YURA Corporation, etc.
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