The global vehicle wiring harness market is anticipated to grow at a CAGR of 4.1 % during the forecast period (2022-2028). The bonds in vehicles are defined as connecting cables, terminals, and connectors that run throughout the vehicle to transmit information and electrical power. The straps on the vehicles are designed according to the electrical requirements and size of the car and are welded to connect different parts of the vehicle such as the body, engine, dashboard, chassis, and more. The straps in the vehicles allow the transmission of control and power signals to the electrical and electrical equipment in the vehicle to ensure improved performance and improved safety.
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According to the National Highway Traffic Highway Safety Association, in the US, automated emergency braking systems are expected to be standard in cars by 2022. The installation of multimedia and security systems increased the installation of cables or cables. Luxury features such as voice recognition system, ambient lighting system, heated seat, heated steering wheel, improved infotainment performance, digital IP display, cooling sensor, and additional power steering functions have also gained power for consumers to improve their driving experience. These functions operate with the help of internal power tools that use battery-powered control signals. Electronic devices require a cable harness to transmit data, signal, and power. Along with these circuits, wiring harness bundles are fitted to vehicles for better performance. The benefits associated with the wirig harness enables advanced safety features which is expected to propel the growth of the market during the forecast period.
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Designing an automated car with advanced features requires an increasing number of rope harnesses and thus drives the growth of the vehicle wiring harness market. Flexible wiring harnesses for automotive harnesses to improve power delivery and increased aluminum consumption to reduce the weight of cable harnesses are factors that are expected to increase the growth of the vehicle wiring harness market. However, high repair costs are expected to hamper the market growth. In addition, the increase in the development of private vehicles and the applicable government regulations associated with electric vehicles are expected to provide growth opportunities during the forecast period.
Some major players in the market include Aptiv PLC, Fujikura Ltd., Furukawa Electric Co. Ltd., Lear Corp., and Leoni AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in December 2020, Leoni introduced Intelligent Power Distribution to future cable systems, as the demand for cable solutions for automated driving and automotive power generation increased. The iPDS (Intelligent Power Distribution Switch) and the iPDM (intelligent Power Distribution Module) prevent possible complete breakdown of the cable system through processes that include opening or closing small systems.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Material
- By Propulsion
- By Vehicle Type
- By Voltage
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Aptiv PLC, Fujikura Ltd., Furukawa Electric Co. Ltd., Lear Corp., and Leoni AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Vehicle Wiring Harness Market Report by Segment
By Material
- Copper
- Aluminum
- Others
By Propulsion
- ICE Vehicles
- Electric Vehicles
- Hybrid Vehicles
By Vehicle Type
- Two-Wheeler
- Passenger Cars
- Commercial Vehicles
By Voltage
- Low Voltage
- High Voltage
By Application
- Body & Lighting
- Engine
- HVAC
- Chassis
- Dashboard & Cabin
- Others
Global Vehicle Wiring Harness Market Report 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
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