Market Research

Automotive Wiring Harness Market Commodities, High Growth Opportunities, Segmentation, Market Trends By 2024-2033|Yazaki Corporation, Sumitomo Electric Industries, Aptiv PLC, Furukawa Electric, Leoni AG

The Automotive Wiring Harness  Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Automotive Wiring Harness  Market:

https://www.thebusinessresearchcompany.com/report/automotive-wiring-harness-global-market-report

According to The Business Research Company’s Automotive Wiring Harness  Global Market Report 2024, The automotive wiring harness market size has grown strongly in recent years. It will grow from $58.12 billion in 2023 to $61.48 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%.  The  growth in the historic period can be attributed to regulatory mandates, rise in passenger car sales, economic growth, government support.

The automotive wiring harness market size is expected to see strong growth in the next few years. It will grow to $75.7 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%.  The growth in the forecast period can be attributed to increasing emphasis on vehicle safety, rising vehicle sales, rising connected vehicles, rising urbanization, rising disposable income. Major trends in the forecast period include eco-friendly materials, 5g integration, thermal management, modular and scalable designs, collaboration and partnership.

The expanding demand and usage of hybrid and electric vehicles are significantly contributing to the growth of the automotive wiring harness market. An automotive wiring harness is used in hybrid vehicles to offer good performance in harsh environments. These harnesses can transmit high currents even in extreme conditions, thus being able to handle electrical loads and resist high heat and electromagnetic noise. In 2021, electric car sales doubled to 6.6 million from 3 million in 2020. Also, sales in China, the US, and Europe increased by 160% in the first half of 2021 over the previous year. The increasing demand for electric and hybrid cars is expected to propel the demand for automotive wiring harnesses, thus driving the growth of the automotive wiring harness market during the forecast period.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample.aspx?id=5765&type=smp

The automotive wiring harness market covered in this report is segmented –

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

Technology advancement is the key trend being followed by companies operating in the automotive wiring harness market. Companies are focusing on manufacturing and deploying more compact wiring harnesses that occupy less space. For instance, in May 2022, Marelli, a US-based developer, and manufacturer of components for the automotive industry introduced its new Wireless Distributed Battery Management System (wBMS) for electric vehicles. Wireless Distributed Battery Management System provides communication between the batteries and control unit using wireless technology and eliminates the need for daisy-chain communication and wiring, which simplifies battery cell construction and installation to reduce the wiring harness by 90% and grants more flexibility for battery modules placement.

The automotive wiring harness  market report table of contents includes:

  1. Executive Summary
  2. Automotive Wiring Harness Market Characteristics
  3. Automotive Wiring Harness Market Trends And Strategies
  4. Automotive Wiring Harness Market – Macro Economic Scenario
  5. Global Automotive Wiring Harness Market Size and Growth

.

.

.

  1. Automotive Wiring Harness Market Competitive Landscape And Company Profiles
  2. Global Automotive Wiring Harness Market Competitive Benchmarking
  3. Global Automotive Wiring Harness Market Competitive Dashboard
  4. Key Mergers And Acquisitions In The Automotive Wiring Harness Market
  5. Automotive Wiring Harness Market Future Outlook and Potential Analysis

Top Major Players

  • Yazaki Corporation
  • Sumitomo Electric Industries
  • Aptiv PLC
  • Furukawa Electric
  • Leoni AG

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Starter Credit Cards Market Demand, Size, Share, Trends And Forecast 2024-2033

The starter credit cards global market report 2024 from The Business Research Company provides comprehensive…

1 day ago

School Bus Market Key Major Players, Growth, Overview 2033

The school bus global market report 2024 from The Business Research Company provides comprehensive market…

1 day ago

Polyethylene Terephthalate (PET) Cups Market Size, Industry Share, Analysis And Forecast 2024-2033

The polyethylene terephthalate (pet) cups global market report 2024 from The Business Research Company provides…

1 day ago

Organic Pet Food Market Size, In-Depth Analysis And Demand Factors 2033

The organic pet food global market report 2024 from The Business Research Company provides comprehensive…

1 day ago

Octadecanedioic Acid Market Forecast, Share, Size Overview By 2033

The octadecanedioic acid global market report 2024 from The Business Research Company provides comprehensive market…

1 day ago

Mobile Enterprise Application Market Share, Demand, Industry Report To 2033

The mobile enterprise application global market report 2024 from The Business Research Company provides comprehensive…

1 day ago