Wire Harness Market Report 2025

The wire harness market size has grown strongly in recent years. It will grow from $65.81 billion in 2024 to $69.8 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the increased automobile production, the increased railway projects, and boost in construction spending.

The wire harness market size is expected to see strong growth in the next few years. It will grow to $91.39 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to supportive government initiatives, the surge in the adoption of electric vehicles, the growing use of renewable energy systems, and the rising urbanization. Major trends in the forecast period include focus on developing innovative products, new facility expansions, partnerships and collaborations, and increasing investments to improve financial strength and product portfolio.

The expansion of the automotive sector is poised to be a key driver of growth in the wire harness market. Encompassing the production of vehicles ranging from two-wheelers to four-wheelers, the automotive sector relies heavily on wiring harnesses integrated into the bodies, engines, and chassis of automobiles. These harnesses are indispensable for ensuring the efficient performance and safety of vehicles. Illustratively, data from The Society of Indian Automobile Manufacturers (SIAM) reveals a substantial increase in total passenger vehicle sales in India, surging from 2,711,457 to 3,069,499 units between April 2021 and March 2022. Commercial vehicle sales, including medium and heavy commercial vehicles, as well as light commercial vehicles, also exhibited notable growth during the same period. This robust expansion in the automotive sector serves as a catalyst for the wire harness market's growth.

The rise in construction activities is expected to drive the growth of the wire harness market in the future. Construction involves assembling various elements to create a structure based on a detailed design and plan. Wire harnesses are essential in construction projects as they provide organized and efficient electrical connectivity for a variety of applications. For example, in July 2024, the US Census Bureau, a government agency, reported that the value of construction operations increased from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Consequently, the growing construction activities are fueling the expansion of the wire harness market.

Major companies in the wire harness market are focusing on developing innovative products, such as harness design and manufacturing software, to improve efficiency and precision in production. This software refers to specialized computer applications that assist engineers and manufacturers in designing, developing, and producing wire harnesses. For example, in May 2023, Zuken Inc., a Japan-based software and consulting firm, launched Harness Builder 2023 for E3.series, an updated software aimed at enhancing wire harness design and manufacturing. This release features a modern user interface for better usability, an auto dimensioning tool that simplifies segment dimensioning across harnesses, and improved handling of twisted pairs to minimize material waste. Additionally, it includes streamlined splice documentation, a cost and weight estimator for accurate quotations, and the option to add customizable watermarks to drawings.

Key players in the wire harness market are actively developing inventive products by leveraging advanced technologies to reinforce their market positions. For instance, in April 2023, Q5D, a UK-based manufacturer specializing in wire harness automation equipment, unveiled its CY1000 5-axis CNC additive manufacturing (AM) robotic cell. Specifically designed to address the automation of electrical connections in increasingly complex products, the CY1000 AM robotic cell eliminates the need for separate and error-prone wiring harnesses. Additionally, it enhances reliability, reduces design constraints, and lowers costs by automatically, economically, and securely incorporating components, connections, and conductors into metal, ceramic, and polymer products or components. The CY1000's capabilities extend to creating precision-integrated wiring for 3D shapes, further contributing to the advancement of wire harness technology.

In December 2023, Second Flight Capital, a US-based company that assists business owners in exiting their companies while preserving their legacy through investors, acquired Qualtronics LLC for an undisclosed amount. This acquisition allows Second Flight Capital to expand its presence in custom wire harness manufacturing by leveraging its strong reputation and commitment to sustainable growth, in line with its mission to support long-term business and community success. Qualtronics LLC is a US-based provider specializing in contract manufacturing, design, and prototyping of custom wire harnesses and control panels.

Major companies operating in the wire harness market include Aptiv PLC, Yazaki Corporation, The Dräxlmaier Group, Molex LLC, Leoni AG, Fujikura Ltd., Lear Corporation, Furukawa Electric Co. Ltd., Sumitomo Electric Industries Ltd., Nexans S.A., AME Systems Wiring Harnesses Australia, Spark Minda, Motherson, Yazaki Corporation, Sumitomo Electric Industries Ltd, Bucheon Industrial Co Ltd, TaeSung Electro-Circuit System, Kunshan Huguang Auto Electric Limited, THB Group, Shenzhen Deren Electronics Co Ltd, Shanghai JinTing Automobile Harness Co Ltd, Shenzhen Qiaoyun Electronics Co Ltd, Jiangsu Huakai Wire Harness Co Ltd, Delfingen Industry, era-contact GmbH, Ernst & Engbring GmbH, Lacon Electronic GmbH, SINBON Hypermotive Ltd, Nexans autoelectric GmbH, Zakład Elektroniczny Omega Sp. z o.o, SEWS Hungary Wiring Harness Ltd, PGF Technology Group Inc, Absolute Quality Mfg Inc, Connective Design Inc, Precision Mfg Co Inc, Amphenol Canada, AQ Wiring Systems Canada Inc, Dena Technologies Inc, Kromberg & Schubert do brasil ltda, Furukawa electric group, Prysmian group, Motherson sumi systems limited, Amphenol TFC, Milectria, ECS Global Wire & Cable FZCO, Contronic.

Asia-Pacific was the largest region in the wire harness market in 2024. The regions covered in the wire harness market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wire harness market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

A wire harness refers to a methodically organized arrangement of cables enclosed within an insulating material, designed for the transmission of electrical power and signals. These wires are secured with straps, cable ties, insulation tape, and other materials to facilitate easy installation and protect them from wear and tear.

Key components of a wire harness include electric wires, connectors, terminals, and related products. Electric wires, also known as conductors, play a crucial role in electrical systems by facilitating the flow of electric current. Materials commonly used in wire harness manufacturing include PVC, vinyl, thermoplastic elastomer, polyurethane, and polyethylene. Wire harnesses find applications in diverse industries such as automotive, telecom, medical, and others.

The wire harness market research report is one of a series of new reports that provides wire harness market statistics, including wire harness industry global market size, regional shares, competitors with a wire harness market share, detailed wire harness market segments, market trends and opportunities, and any further data you may need to thrive in the wire harness industry. This wire harness market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The wire harness market consists of sales of wire-to-wire, board-to-board, board-to-wire, ring terminal, spade terminal, hook terminal, bullet terminal wire ties, lacing, insulation materials, custom colors, and heat-shrink coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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