Automotive Wiring Harness Market Manufacturing Cost and Raw Materials Analysis from 2022-2025

 Automotive Wiring Harness Industry Overview

The automotive wiring harness market size was valued at USD 48.42 billion in 2017, expanding at a CAGR of 6.2%.

Increasing the integration of electronic devices into vehicles in order to provide enhanced safety features has positively influenced market growth. Employing these systems in a vehicle offers numerous benefits such as improved fuel efficiency, enhanced performance, and low probability of electrical shortage.

Gather more insights about the market drivers, restrains and growth of the Global Automotive Wiring Harness market

Sale of automotive wiring harnesses is directly proportional to the increased manufacturing of vehicles. Factors such as rising disposable income, increased government initiatives such as Make in India, and prevailing low labor costs in countries such as China and India have led to increased manufacturing of passenger cars and light commercial vehicles in developing economies. This, in turn, is driving sales of automotive wiring harnesses.

Rising adoption of electric vehicles (EVs) is another significant trend proliferating market growth. This can be attributed to expansion of EV charging infrastructure, increasing fuel prices, favorable changes in government policies, and environmental regulations.

Despite numerous technological advancements in the field of automotive assembly line, manufacturing of wiring harnesses is still carried out either as a labor-intensive task or using semi-automatic machines for selected operations. To overcome this drawback, numerous OEMs in the market are focusing on constructing new manufacturing facilities equipped with automated machines for manufacturing of wiring harnesses in countries with lower labor rates, such as India and Japan.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

  • Automotive Air Filters Market - The global automotive air filters market size was valued at USD 3.9 billion in 2018, exhibiting a CAGR of 4.8% over the forecast period.
  • Electric Vehicles Adhesives Market - The global electric vehicles adhesives market size was valued at USD 39.3 million in 2019 and is anticipated to grow at a compound annual growth rate (CAGR) of 26.6% from 2020 to 2027.

Automotive Wiring Harness Market Segmentation

Grand View Research has segmented the global automotive wiring harness market based on application, electric vehicle insights, component, vehicle insights, and region:

  • Automotive Wiring Harness Component Outlook (Revenue, USD Million, 2014 - 2025)
    • Electric Wires
    • Connectors
    • Terminals
    • Others
  • Automotive Wiring Harness Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Body
    • Chassis
    • Engine
    • HVAC
    • Sensors
  • Automotive Wiring Harness Electric Vehicle Outlook (Revenue, USD Million, 2014 - 2025)
    • Battery Electric Vehicle (BEV)
    • Plug-in Hybrid Electric Vehicle (PHEV)
  • Automotive Wiring Harness Vehicle Outlook (Revenue, USD Million, 2014 - 2025)
    • Light Vehicle
    • Heavy Vehicle
  • Automotive Wiring Harness Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Market Share Insights

  • September 2021: Nexans entered into a share purchase agreement with Xignux SA of Mexico to acquire Centelsa, a premium cable maker in Latin America active in producing cables for building and utility applications. The closing of the agreement is subject to regulatory approvals and is expected to take place in the first half of 2022.
  • 2017: Motherson Sumi Systems Ltd. acquired PKC Group Plc for approximately USD 665.5 million. This acquisition is expected to strengthen the company’s presence in regions such as Europe, the Americas, and Asia Pacific.

Key Companies profiled:

Some prominent players in the global automotive wiring harness market include

  • Aptiv PLC
  • Sumitomo Electric Industries, Ltd.
  • Yazaki Corporation
  • Leoni AG
  • Lear Corporation
  • Furukawa Electric Co., Ltd.

Order a free sample PDF of the Automotive Wiring Harness Market Intelligence Study, published by Grand View Research.

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