Automotive wiring harness market is anticipated to grow at a considerable CAGR of 5.2% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for electric vehicles(EVs)along withthe growing automotive industry. Further, various technological advancements in automotive technology and the rising demand for improved connectivity and safety features in vehicles are also some other factors anticipated to fuel the demand for automotive wiring harnesses. Owing to this various market players are collaborating to launch a new technology for the wiring harness market to cater to the growing demand and stay competitive. For instance, in February 2023, Hero Electric partnered with Dhoot Transmission Pvt. Ltd. for sourcing new wiring harness solutions. Under the partnership, Hero Electric’s products will be equipped with the latest wiring harnesses from the Tier 1 supplier. The partnership aims to develop new wiring harness solutions for Hero Electric vehicles.
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The global automotive wiring harness market is segmented based on its components and applications. Based on components, the market is segmented into electric wires, connectors, terminals, and others. Based on applications, the market is categorized into body, engine, chassis, HVAC, and sensors. Among the component segment, connectors are expected to hold a prominent market share. Connectors play a crucial role in providing electrical connectivity in automotive wiring harnesses and are essential for efficient and reliable performance.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Wiring Harness Market Report Segment
By Component
- Electric Wires
- Connectors
- Terminals
- Others (Wire Spool Racks)
By Application
- Body
- Engine
- Chassis
- HVAC
- Sensors
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
Global Automotive Wiring Harness Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive wiring harness market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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