Automotive Wiring Harness Market Size, Share, and Trends 2024 to 2034

The global automotive wiring harness market size accounted for USD 51.48 billion in 2023 and it is projected to hit over USD 88.36 billion by 2033 and grow with a CAGR of 5.6% from the forecast period 2024 to 2033.

Key Takeaways

• Asia Pacific region has dominated the market with a 47.11% revenue share in 2023.
• By material, the copper segment has held a 65% revenue share in 2023.
• By propulsion, the Ice vehicles segment has generated 82% revenue share in 2023.
• By vehicle type, the passenger cars segment has captured a revenue share of 58% in 2023.
• By voltage, the low voltage segment accounted for 85% of revenue share in 2023.

Automotive Wiring Harness Market in Asia Pacific 2024 To 2033

The Asia Pacific automotive wiring harness market size reached USD 24.25 billion in 2023 and is predicted to surpass USD 42.59 billion by 2033, growing at a CAGR of 5.84% between 2024 and 2033.

Asia Pacific is predicted to exhibit substantial growth in the global automotive wiring harness market. Luxury car sales in China have been so robust that prominent luxury players like Maserati and Lamborghini observed their finest year for their sales growth in 2016. This growth lead to increased vehicle production over past few years in China, Japan, and India, vehicle. Several dominant market competitors of luxury cars including Volkswagen, BMW, Mercedes Benz, Daimler, Porsche and Audi have vigorously developed their footprint in Asian nations particularly in China. Further, there is a great demand for vehicle access control in this region.

India holds the highest market share in the Asia-Pacific automotive wiring harness market. The growth of automotive wiring harness market in Asia-Pacific region is being driven by the growing government initiatives and growing fundings for expansion and development of new technologies. The largest automobile manufacturer in the world is China. As a result, the Chinese market for automobile wire harnesses is expected to expand rapidly. Lightweight wiring harnesses are a priority for Chinese original equipment manufacturers.

In 2023, Europe also gathered a noteworthy share in the global automotive wiring harness market. Existence of prominent automobile manufacturers like BMW, Audi and Mercedes Benz in this region is propelling the growth.

North America is the largest segment for automotive wiring harness market in terms of region. This can be attributed to increased road building initiatives as well as increased car production, particularly in developing economies like the U.S. In addition, rising demand for enhanced safety and convenience features in mid-segment vehicles, as well as cheap labor costs, are driving up sales. As a result, rising automobile manufacturing, drive technology improvement, and widespread use of electric vehicles are expected to fuel demand in North America.

Automotive Wiring Harness Market Overview

An automotive wiring harness is a collection of wires, terminals, and connectors that run throughout the car and convey data and power. Governments all across the world are promoting the use of electric vehicles. Electric vehicles are eco-friendly and help to reduce pollution. Electric vehicles are powered by electricity, and any damage to the wiring harness might result in catastrophic vehicle damage. As a result, the demand for technologically improved high voltage wire harness in electric vehicles is likely to drive market expansion.

Rising demand from consumer end, rapid growth of the manufacturing sector, presence and development activities of vehicle OEMs, augmented implementation of advanced vehicle technologies on account of surge in per capita income are some of the major factors driving the growth of automotive wiring harness market. Further, growth in vehicle electrification and preference to nominal human efforts are heightening the importance of wiring harness across automotive sector. Growing incorporation of electronic devices inside vehicles to offer improved safety features has clearly impacted growth of the market. Engaging these systems in a vehicle gives many paybacks like heightened performance, upgraded fuel efficacy, and small likelihood of electrical shortage. Pioneering software tools have played an essential part in streamlining the design process and reducing the amount of design errors.

Automotive Wiring Harness Market Scope

Automotive Wiring Harness Market Dynamics

Drivers

Surge in demand for light weight harness

Specialty cables are in high demand due to their lighter weight, lower cost, and smaller bundle diameter. There will be plenty of demand for cameras, displays, and other infotainment applications, resulting in the development of new techniques to combine video and camera signals into a single specialty cable, decreasing the weight and expense of wiring harnesses even further. For lightweight and high-speed harnesses, original equipment manufacturers chose aluminum and optical fiber. Thus, this factor is driving the growth of global automotive wiring harness market.

Restraints

Unstable prices of materials

Copper prices have been volatile, affecting demand for optical fiber cables in the global market. Original equipment manufacturers emphasize the use of optical fibers that are more durable than copper/aluminum and can endure hard environments and weather. The relatively higher expense of optical fiber cables, on the other hand, is likely to limit its adoption in the global market.

Opportunities

Growing advanced features of vehicles

The desire for driver aid technologies to integrate advanced features in automobiles has been spurred by a growing awareness of safety and security. Vehicle makers must also adhere to safety regulations and include features such as airbags. Ambient lighting, chilled cupholder, voice recognition, heated steering wheels, heated seats, digital display, better infotainment capabilities, and extra power steering functions have all gained popularity among consumers as ways to improve the driving experience.

Challenges

Short life of wiring harness

Due to rapidly changing surroundings such as extreme hot to extreme cold temperatures and fast temperature swings, the wiring harness can bend. These issues might cause the wiring harness to deteriorate and shorten its lifespan. As a result, this is a major challenge for the market growth. 

Type Insights

This research study segments this market on the basis of type into, chassis wiring harness, body & lighting harness, dashboard/cabin harness, engine harness HVAC wiring harness, battery wiring harness, seat wiring harness, wiring harness and sunroof wiring harness.

The dashboard/cabin harness segment holds the largest market share in the global automotive wiring harness market. The growth of the segment is attributed to the growing demand for various types of vehicles. Among all, dashboard/cabin harness sector dominates the global automotive wiring harness market on account of growing implementation of displays on dashboards and infotainment systems in different types of vehicles. Incorporation of systems including active health monitoring and heated seats upsurges utilization of wiring harness in vehicles seat. As a result of thispushes the growth prospects of seat harness segment of this market.

Material Insights

Based on material, the automotive wiring harness market is classified into metallic and optical fiber. The optical fiber is then divided into plastic optical fiber and glass optical fiber. The metallic segments is categorized into aluminum, copper, other metals. The optical fiber segment holds the largest market share in the global automotive wiring harness market. When compared to copper and other materials, optical fiber cables offer a far higher speed.

At present, metallic wiring harnesses are considered together a greater market share. However, the acceptance of optical fibers, predominantly plastic variants, is expected to achieve noteworthy grip during years to come. Elevated demand for high-speed data transmission from several vehicles OEM is pushing the growth of optical fiber cables in different vehicles. On the other hand, copper may not serve the necessities of forthcoming technologies and functions. Optical fiber cables have a comparatively greater speed compared to copper and other materials. Optical fiber with growing need for advanced features such as automatic door locking, augmented dashboards, ADAS, automatic gear box, and in electric and ICE vehicles, projected to show lucrative demand in near future.

Transmission Insights

Among different transmission types, electric wiring is expected to show potential demand on the basis of its greater demand for electricity transfer compared to data transmission in mid-segment and entry vehicles. During years to come sales of semi-autonomous and autonomous vehicles is anticipated to surge. This as a resultwill support sale of highly advanced systems with more complicated and cutting-edge wiring harness.

Vehicle type Insights

Among different vehicles, passenger vehicle segment occupied major market share of the global automotive wiring harness market. Improved fuel combustion and low maintenance are expected to promote the acceptance of automotive wiring harness in the coming years.

A passenger vehicle is a four-wheeled vehicle with at least two axles and its own driver. Its main purpose is to transport passengers. The vast majority of passenger cars are public transportation vehicles.

At present, BEVs have achieved popularity on account of their capability to provide numerous societal, environmental, and health assistance. They are incorporated with more user-friendly features since there is augmented need for ease and amenity in passenger cars. This in turn supports the sale of number of wires in wiring harness.

Recent Developments

• PKC Group Plc was purchased for USD 665.5 million by Motherson Sumi Systems Ltd. in 2017. The company's presence in regions like Europe, the Americas, and Asia Pacific is projected to grow as a result of this acquisition.
• Essex Magnet Wire and Furukawa Electric, both leaders in magnet wire product development and custom solutions, formed a joint venture in October 2020 to build on their prior magnet wire relationship in Europe. The firms would combine their magnet wire business activities in the coming months, pending the execution of definitive agreements and the usual regulatory and other approvals.

Automotive Wiring Harness Market Companies

• Sumitomo Electric Industries, Ltd.
• Delphi Automotive LLP
• Furukawa Electric Co. Ltd
• Lear Corporation
• THB Group
• Yura Corporation
• Leoni Ag
• SPARK MINDA
• Yazaki Corporation
• Fujikura Ltd.
• QINGDAO SANYUAN GROUP
• SamvardhanaMotherson Group
• NexansAutoelectric
• PKC Group

Segments Covered in the Report

This research report estimates revenue growth at global, regional, and country levels and offers an analysis of present industry trends in every sub-segment from 2021 to 2033. This research study analyzes market thoroughly by classifying global automotive wiring harness market report on the basis of different parameters including type, material, vehicle, propulsion type, transmission type, sales channel and region as follows:

By Type

• Engine Harness
• Dashboard/ Cabin Harness
• Battery Wiring Harness
• Chassis Wiring Harness
• Body & Lighting Harness
• HVAC Wiring Harness
• Seat Wiring Harness
• Door Wiring Harness
• Sunroof Wiring Harness

By Material

• Metallic
  • Aluminum
  • Copper
  • Other Metals
• Optical Fiber
  • Plastic Optical Fiber
  • Glass Optical Fiber

By Propulsion

• IC Engine Vehicle
• Electric Vehicle

By Transmission

• Electric Wiring
• Data Transmission
  • <150 Mbps
  • 150 Mbps to 1 Gbp
  • >1 Gbps

By Vehicle

• Commercial Vehicle
• Passenger Vehicle

By Voltage

• Low Voltage
• High Voltage

By Sales Channel

• OEM
• Aftermarket

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Middle East & Africa
• Latin America