Automotive Wiring Harness Market Size & Share, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Automotive Wiring Harness Market


The automotive wiring harness market size was valued at USD 48.42 billion in 2017, expanding at a CAGR of 6.2%. Increasing 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.
 
Sale of automotive wiring harnesses is directly proportional to increased manufacturing of vehicles. Factors such as rising disposable income, increased government initiatives such as Make in India, and prevailing low labor cost 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.

Market Segmentation, Outlook & Viewpoint: Global Automotive Wiring Harness Market


Component Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Electric Wires

Connectors

Terminals

Others


Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Body

Chassis

Engine

HVAC

Sensors


Electric Vehicle Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Battery Electric Vehicle (BEV)

Plug-in Hybrid Electric Vehicle (PHEV)


Vehicle Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Light Vehicle

Heavy Vehicle


Key Players, Recent Developments & Regional Insights: Global Automotive Wiring Harness Market


Automotive wiring harnesses find application in chassis for various components such as fog lamps, headlamps, infotainment systems, fuel flaps, and turn indicators. Therefore, the chassis segment accounted for over 30.0% of the overall market in 2017 and is expected to develop at a considerable growth rate from 2018 to 2025.
The sensors segment is expected to register the highest CAGR of over 8.0% owing to its growing use in technologically-advanced vehicles, which include numerous systems such as safety and security systems, lighting systems, infotainment systems, and battery systems.
Electric Vehicle Insights
The automotive wiring harness market, on the basis of electric vehicle, is divided into battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). The BEVs segment accounted for the largest share in 2017 and is projected to expand at the highest CAGR. This can be ascribed to increased government incentives, expanding charging infrastructure, and decreasing battery prices. Rising adoption of BEVs is expected to boost sales of automotive wiring harnesses from 2018 to 2025. The plug-in hybrid electric vehicles segment is anticipated to grow at a moderate rate over the forecast period.
Component Insights
By component, the market has been segregated into electric wires, terminals, connectors, and others, wherein the others segment includes protectors, grommet, clamps, convoluted tubes, and sheaths. The terminal segment held the largest market share in 2017 and is expected to grow at the highest rate over the forecast period. Proliferating adoption of advanced vehicle technologies such as self-driving vehicles and connected vehicles is a key factor impelling sales of automotive terminals over the forecast period.
 
Connectors used in wiring harnesses are employed in vehicles that are integrated with advanced safety systems such as airbags, anti-lock braking system (ABS), and vehicle immobilizers. Owing to increasing incidents of vehicle thefts, need for integrating safety systems into vehicles is expected to increase, thus driving demand for connectors.
Vehicle Insights
The light vehicle segment accounted for the largest market share in 2017 and is anticipated to exhibit the highest CAGR during the forecast period. Light vehicles are cost effective and are majorly used for transportation of goods and passengers. The heavy vehicle segment is also expected to grow at a considerable rate from 2018 to 2015. This growth is ascribed to increasing government investments in public transportation, coupled with rising construction and manufacturing facilities in emerging markets.

Regional Insights
Asia Pacific accounted for over 40.0% of the overall market in 2017. This can be accredited to increasing road infrastructure activities, coupled with growing automotive manufacturing, especially in developing economies such as China and India. Furthermore, rising demand for enhanced safety and convenience features in mid-segment vehicles and low labor cost are responsible for increasing sales.
The Europe market is projected to exhibit a CAGR exceeding 6.0% over the forecast period. Growing automobile production, innovation in terms of drive technologies, and proliferating adoption of electric vehicles are anticipated to drive demand in Europe. Expanding manufacturing facilities in Middle East and Africa, owing to low-cost labor force, is a crucial factor spurring the regional market.
Automotive Wiring Harness Market Share Insights
The market is characterized by strong competition with the presence of major global players such as Aptiv PLC, Sumitomo Electric Industries, Ltd., Yazaki Corporation, Leoni AG, Lear Corporation, and Furukawa Electric Co., Ltd. Increasing technological advancements to sustain competition, coupled with the ability to optimize costs through low-cost labor country sourcing, are expected to emerge as key success factors for OEMs in this industry.
Furthermore, OEMs are focusing on strategic alliances and mergers and acquisitions to expand their industry exposure and manufacturing presence. For instance, in 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 Insights Covered: Global Automotive Wiring Harness Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Automotive Wiring Harness industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Automotive Wiring Harness industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Automotive Wiring Harness industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Automotive Wiring Harness industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Automotive Wiring Harness industry.

Research Methodology: Global Automotive Wiring Harness Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other