Automotive Wiring Harness Trends and Forecast
The future of the global automotive wiring harness market looks promising with opportunities in the electrical wiring and data transmission markets. The global automotive wiring harness market is expected to reach an estimated $58.8 billion by 2030 with a CAGR of 3.1% from 2024 to 2030. The major drivers for this market are expansion in the automotive industry, escalating output of high-end vehicles, and increase in sophisticated features integrated into vehicles.A more than 150-page report is developed to help in your business decisions. .
Automotive Wiring Harness by Segment
The study includes a forecast for the global automotive wiring harness by high voltage wiring harness, transmission type, data transfer rate, application, and region.Automotive Wiring Harness Market by High Voltage Wiring Harness [Shipment Analysis by Value from 2018 to 2030]:
- Battery and Battery Management System
- Motor Management Harness
Automotive Wiring Harness Market by Transmission Type [Shipment Analysis by Value from 2018 to 2030]:
- Electrical Wiring
- Data Transmission
Automotive Wiring Harness Market by Data Transfer Rate [Shipment Analysis by Value from 2018 to 2030]:
- < 150 Mbps
- 150 Mbps To 1 GBPS
Automotive Wiring Harness Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Engine Harness
- Chassis Wiring Harness
- Body & Lighting Harness
- HVAC Harness
- Dashboard/ Cabin Harness
- Battery Harness
- Seat Harness
- Sunroof Harness
- Door Harness
Automotive Wiring Harness Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Wiring Harness Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive wiring harness companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive wiring harness companies profiled in this report include:- Yazaki
- Sumitomo Electric Industries
- Aptiv
- Furukawa Electric
- Leoni
Automotive Wiring Harness Market Insights
The publisher forecasts that motor management harness is expected to witness the higher growth over the forecast period due to rising demand for high-voltage systems.Within this market, electrical wiring will remain the larger segment due to growing vehicle connectivity and functions.
APAC will remain the largest region over the forecast period due to increased vehicle production in China, India, and Japan.
Features of the Global Automotive Wiring Harness Market
- Market Size Estimates: Automotive wiring harness market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Automotive wiring harness market size by various segments, such as by high voltage wiring harness, transmission type, data transfer rate, application, and region in terms of value ($B).
- Regional Analysis: Automotive wiring harness market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different high voltage wiring harness, transmission type, data transfer rate, application, and regions for the automotive wiring harness market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive wiring harness market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the automotive wiring harness market size?Answer: The global automotive wiring harness market is expected to reach an estimated $58.8 billion by 2030.
Q2. What is the growth forecast for automotive wiring harness market?
Answer: The global automotive wiring harness market is expected to grow with a CAGR of 3.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive wiring harness market?
Answer: The major drivers for this market are expansion in the automotive industry, escalating output of high-end vehicles and
increase in sophisticated features integrated into vehicles.
Q4. What are the major segments for automotive wiring harness market?
Answer: The future of the automotive wiring harness market looks promising with opportunities in the electrical wiring and data transmission markets.
Q5. Who are the key automotive wiring harness market companies?
Answer: Some of the key automotive wiring harness companies are as follows:
- Yazaki
- Sumitomo Electric Industries
- Aptiv
- Furukawa Electric
- Leoni
Answer: The publisher forecasts that motor management harness is expected to witness the higher growth over the forecast period due to rising demand for high-voltage systems.
Q7. In automotive wiring harness market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increased vehicle production in China, India, and Japan.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive wiring harness market by high voltage wiring harness (battery and battery management system and motor management harness), transmission type (electrical wiring and data transmission), data transfer rate (< 150 mbps and 150 mbps to 1 GBPS), application (engine harness, chassis wiring harness, body & lighting harness, HVAC harness, dashboard/ cabin harness, battery harness, seat harness, sunroof harness, and door harness), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Automotive Wiring Harness Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Yazaki
- Sumitomo Electric Industries
- Aptiv
- Furukawa Electric
- Leoni
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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