Understanding Growth Predictions and Market Size of Automotive Wiring Harness Market?
The automotive wiring harness market size has shown steady growth in recent years, escalating from $60.43 billion in 2024 to an expected $63.44 billion in 2025. This represents a compound annual growth rate (CAGR) of 5.0%. Factors such as regulatory mandates, increasing passenger car sales, economic growth and government support contributed to this growth. The market size is predicted to further expand to $77.58 billion in 2029 at a CAGR of 5.2%, due to increasing emphasis on vehicle safety, rising vehicle sales, growth in connected vehicles, urbanization, and disposable income. Significant trends to watch include usage of eco-friendly materials, 5G integration, thermal management, modular and scalable designs, and collaborations and partnerships.
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What Factors Propelling The Automotive Wiring Harness Market Forward?
The burgeoning demand for hybrid and electric vehicles is driving the growth of the automotive wiring harness market. These harnesses are crucial in hybrid vehicles as they offer excellent performance in harsh conditions, including high electricity transmission and resistance to heat and electromagnetic noise. For example, according to a report by Kelley Blue Book, an increase in electric vehicle buyers in the United States from 5.9% in 2022 to 7.6% in 2023 demonstrates a rising demand that will further propel the automotive wiring harness market’s growth.
What Are The Integral Segments In The Automotive Wiring Harness Market?
The report segments the automotive wiring harness market as follows:
1) By Component Type: Wires, Connectors, Terminals, Other Components
2) By Material Type: Copper, Aluminum, Other Materials
3) By Harness Type: Main Harness, Auxiliary Harness, Other Types
4) By Vehicle Type: Two Wheelers, Passenger Cars, Commercial Vehicles
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Who Are The Majors Players In The Automotive Wiring Harness Market?
Major players in the sector include the Yazaki Corporation, Sumitomo Electric Industries, Aptiv PLC, Furukawa Electric, Leoni AG, Nexans, DELPHI AUTOMOTIVE LLP, Lear Corporation, and others.
What Are The Key Trends In The Automotive Wiring Harness Market?
Technology advancement is shaping the current automotive wiring harness market. Companies focus on manufacturing compact wiring harnesses and adopting innovations like the Wireless Distributed Battery Management System (wBMS) introduced by Marelli. This system utilizes wireless technology to communicate between batteries and the control unit, thus reducing the wiring harness by 90% and contributing greater flexibility for battery modules placement.
Which Region Is Dominating The Automotive Wiring Harness Market?
In 2024, Asia-Pacific was the largest region in the automotive wiring harness market and is expected to be the fastest-growing region in the forecast period. The report covers other regions as well including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Automotive Wiring Harness Market Report 2025 Offer?
The Automotive Wiring Harness Market research report offers insights into the global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. An automotive wiring harness is an assembly of wires enabling the transmission of power and control signals to different electrical devices in a vehicle, thereby ensuring functionality and enhanced safety.
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