Automotive Wiring Harness Market Size & Forecast Report - 2026 to 2030

The global automotive wiring harness market size is expected to experience a significant CAGR of over 4% during the forecast period and was estimated at around USD 47 billion in 2021. The increasing integration of electronic devices coupled with the increasing focus to enhance vehicle safety is a major factor to drive the market growth. Furthermore, the increasing adoption and the rising demand for electric vehicles around the globe are further anticipated to boost the market growth over the forecast period. According to the latest information shared by International Energy Agency (IEA), it is estimated that about 6.6 million electric cars sold in 2021 which is a 9% share of the global car market. Tesla holds a major market share of 14% share of the global electric vehicle market.

Market Drivers:

Increasing vehicle electrification: The automotive industry is experiencing a significant shift towards vehicle electrification, including the adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs). These vehicles require complex wiring systems to accommodate high-voltage components, battery packs, electric motors, and various electronic systems. The demand for automotive wiring harnesses is driven by the growing need for efficient and reliable electrical connectivity in electrified vehicles.

Growing automotive production: The global automotive production continues to grow, fueled by rising consumer demand, economic growth in emerging markets, and technological advancements. As the number of vehicles produced increases, so does the demand for automotive wiring harnesses. Wiring harnesses are essential components in every vehicle, connecting various electrical and electronic components, such as sensors, actuators, control units, and infotainment systems.

Technological advancements in automotive electronics: Modern vehicles are equipped with a wide range of advanced electronic systems, including advanced driver-assistance systems (ADAS), infotainment systems, connectivity features, and vehicle-to-everything (V2X) communication. These systems rely on complex wiring harnesses to provide power supply, data communication, and signal transmission. The ongoing technological advancements in automotive electronics drive the demand for sophisticated wiring harnesses.

Stricter safety and emission regulations: Governments worldwide are implementing stricter safety and emission regulations to improve road safety and reduce environmental impact. Compliance with these regulations necessitates the use of advanced automotive technologies, including advanced wiring harnesses. For instance, wiring harnesses with improved insulation and protective features help prevent electrical malfunctions and ensure safety. The need for regulatory compliance drives the adoption of advanced wiring harnesses.

Increasing demand for connected and autonomous vehicles: The demand for connected and autonomous vehicles is on the rise. These vehicles require advanced wiring harnesses to support various connectivity features, such as in-vehicle networking, telematics, and sensor integration. Wiring harnesses play a critical role in enabling the transmission of data between different vehicle components, sensors, and control units. The increasing adoption of connected and autonomous vehicles drives the growth of the automotive wiring harness market.

Lightweight and space-saving designs: Automakers are continuously striving to reduce vehicle weight and optimize space utilization. Lightweight wiring harnesses made from high-quality materials, such as aluminum or high-strength copper alloys, offer weight reduction advantages without compromising electrical performance. Additionally, compact and space-saving wiring harness designs help optimize the use of available space in vehicles, especially in electric and autonomous vehicles where space is at a premium.

Increasing consumer demand for advanced features: Consumers are increasingly demanding vehicles with advanced features, such as infotainment systems, advanced lighting systems, safety features, and comfort-enhancing technologies. These features require sophisticated wiring harnesses to ensure seamless integration and proper functionality. The growing consumer demand for advanced vehicle features drives the adoption of advanced wiring harnesses.

Global expansion of automotive manufacturers: Automotive manufacturers are expanding their presence in emerging markets, where there is a growing demand for vehicles. As the automotive industry expands globally, the demand for automotive wiring harnesses also increases. The establishment of manufacturing facilities in these markets drives the demand for wiring harnesses to support increased vehicle production.

Market Snapshot:

Market Insights:

By component, the terminals segment held the largest market share in 2021

The global automotive wiring harness market is segmented into component, application, wire type, vehicle type, distribution channel, and geography. On the basis of components, the market is further segmented into electric wires, connectors, terminals, and others. The terminals segment dominated the global market in 2021 and is expected to hold the largest revenue share of one-third of the market by the end of the analysis period. The increasing adoption of advanced technologies such as connected vehicles and self-driving vehicles is a major factor to drive the segment growth.

By vehicle type, the passenger vehicles segment is expected to hold the largest revenue share of the global market by 2028

On the basis of vehicle type, the market is segmented into passenger vehicles and commercial vehicles. The passenger vehicles segment dominated the global automotive wiring harness market in 2020 and is expected to maintain its dominance over the forecast period. The increasing demand for passenger vehicles and the growing penetration of electric vehicles are some of the major factors to drive the segment growth. It is estimated that there are currently about 16 million electric cars on the road globally. Furthermore, the government’s supportive policies and the rising concern for CO2 emission are expected to increase the demand for electric cars, which is expected to fuel the segment growth over the forecast period.

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The automotive wiring harness comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The automotive wiring harness market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Component:

• Electric Wires
• Connectors
• Terminals
• Others

By Application:

• Body
• Chassis
• Engine
• HVAC
• Sensors
• Others

By Wire Type:

• Copper
• Aluminum

By Vehicle Type:

• Passenger Cars
• Commercial Vehicles

By Distribution Channel:

• OEM
• Aftermarket

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

The Asia Pacific held the largest revenue share of the global market in 2021

Geographically, the Asia Pacific dominated the global automotive wiring harness market in 2021 and is expected to hold the largest revenue share of over one-third market share by the end of the analysis period. The growing automotive manufacturing industry in developing economies and the increasing sales are some of the major factors to drive the market growth in the region. Furthermore, the increasing adoption of electric vehicles and the increasing demand for enhanced safety and featured vehicles are further anticipated to fuel the market in the Asia Pacific. It is estimated that about 3.4 million new electric vehicles sold in China in 2021, which is expected to uplift the market growth in the region.

Competitive Assessment:

Some of the major market players operating in the global automotive wiring harness market are Yazaki Corporation, Aptiv PLC, Sumitomo Electric Industries, Leoni AG, and Furukawa Electric. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Yazaki Corporation
• Aptiv PLC
• Sumitomo Electric Industries
• Leoni AG
• Furukawa Electric
• Fujikura Automotive
• Delphi Automotive PLC
• Minda Spark
• Lear Corporation
• Yura Corporation

Key Questions Answered by Automotive Wiring Harness Market Report

• Global automotive wiring harness market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Automotive wiring harness submarket forecasts from 2022-2028 covering the market by component, by application, by wire type, by vehicle type, by distribution channel, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level automotive wiring harness markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market