Automotive wiring harness can be defined as a medium to connect all electrical and electronic components together for power supply, sensor signals and transmitting data for enhancing vehicle performance. An automotive wiring harness is a collection of assorted wires, each having unique attributes such as material, dimensions, current ratings and number of cores, among others. Depending on their application, nature of current and signal to be transmitted, these wires are assembled together into a complete wiring harness which can be readily installed in an automobile. Wiring harnesses are distinguished according to their application in various vehicle types such as two-wheelers, passenger cars, heavy and light commercial vehicles irrespective of their power source.

The automotive industry has been witnessing a significant growth in past few years. Modern day automobiles are loaded with features and utilities which require an efficient power and signal transmission medium. Rising incorporation of enhanced sensor technology in automobiles has further raised the significance of automotive wiring harness. Wiring harness offers secure electric connections by avoiding operational setbacks such as fire and short-circuit. Intense competition and strict guidelines laid by automobile associations have forced automobile manufacturers to incorporate efficient wiring harness to upgrade their product reliability. In addition, automotive wiring harness offers ease in installation, maintenance and replacement for new as well as old automobiles. Initial installation of wiring harness is an expensive process, which poses as a major challenge for growth in the automotive wiring harness market. However, high initial cost of the wiring harness can be remunerated by its reliability and long operational life. Thereby, negative impact of initial expenses on the market is expected to reduce gradually during the forecast period.

With a focus on the market size and estimates, “Automotive Wiring Harness Market- Growth, Future Prospects and Competitive Landscape, 2021-2029” provides vital strategic comprehension into the global automotive wiring harness market for the period from 2019 to 2029. The investigating report ensure complete top to bottom examination of market portions based on material, vehicle type, application and cross-sectional investigation across various nations worldwide. The report provides a comprehensive outlook on market dynamics including market opportunities, drivers and restraints by providing a complete comparative analysis of each sub-segment for the years 2020 and 2029.

The report further incorporates competitive profiling, strategies, market positioning and key developments of leading automotive wiring harness manufacturers in order to help strategic decision makers. Companies such as Ashok Minda Group, China Auto Electronics Group Limited (THB Group), Delphi Automotive LLP, Furukawa Electric Co., Ltd., Fujikura Ltd., LEONI AG, Lear Corporation, Nexans autoelectric GmbH, PKC Group, Sumitomo Electric Industries, Ltd., Qingdao Yujin Electro-Circuit Systems Co., Ltd., Spark Minda, Kromberg & Schubert KG, Samvardhana Motherson Group and Yazaki Corporation are extensively profiled as leading automotive harness manufacturers in this report.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the automotive wiring harness industry
• Market drivers, market restraints, and their impact on the market growth
• Market inclination insights and key trend analysis for automotive wiring harness market
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2019 – 2020)

Overall, the research study provides a holistic view of the global automotive wiring harness market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above-mentioned factors.

In 2020, aluminum wiring harness dominated the overall automotive wiring harness market. Aluminum wiring harness is the most commonly used and easily available wiring harness in the market. It offers several merits such as reduction in weight, easy availability and low-cost alternative for the copper harness. Consumers and manufacturers are replacing their heavier copper wiring harness with more economical aluminum wiring harness. Thereby, the demand for aluminum wiring harness has been on a consistent rise in various markets especially in the cost-sensitive markets of Asia Pacific region.

Copper wiring harness market trailed aluminum wiring harness market in terms of market value in 2020. Copper is considered as one of the most reliable electricity conductors and is extensively used for a variety of conductor applications including automotive wiring harness. Copper holds a superior edge over other metals for wiring applications in terms of electrical conduction and other mechanical properties. However, the cost of copper wiring harness has been on a higher side due to its limited availability and their exceptional operational efficiency. However, automotive manufacturing giants often prefer copper wiring harness for their premium class variants only. Thereby, the growth of copper automotive wiring harness is expected to demonstrate a moderate growth in the overall automotive wiring harness market.

In 2020, chassis wiring harness led the overall automotive wiring harness in the application segment. Chassis can be defined as a structural base for automobiles including two-wheelers, passenger cars and commercial vehicles. Chassis wiring harness includes all the basic wiring required for essential functions of an automobile such as head and tail lighting, pumps, motors and other auxiliary safety and performance features. The growth of chassis wiring harness has been governed by the growth of the automotive sector. Thereby, along with significant growth in the automotive industry, the automotive wiring harness market for chassis is also expected to exhibit a considerable growth in the following years.

Sensor wiring has been the fastest growing segment in overall automotive wiring harness market. Modern day automobiles are equipped with enhanced safety and utility features such as advance drive assistance program, electronic stability control and antilock braking system (ABS), among others and are extensively assisted by a variety of sensors. Consistent growth in utilization of efficient electromechanical sensors has created a significant rise in demand for the wiring harness for sensor applications.

In 2020, Asia Pacific dominated the overall automotive wiring harness market in terms of market value. Continuously flourishing automotive sector including new as well as old automobiles and expansion of after sales market have significantly boosted the growth of automotive wiring harness market in this region. Furthermore, presence of key wiring harness manufacturers and implementation of automotive standards in developing countries such as India and China have encouraged the adoption of automotive wiring harness. Thereby, Asia Pacific region is expected to dominate the overall automotive wiring harness market throughout the forecast period during 2021- to 2029.

North America trailed Asia Pacific in the overall automotive wiring harness market in terms of market value. Strict automotive regulations towards safety and fuel economy are some of the key driving factors for the growth of automotive wiring harness market in North America. In addition, dynamic trends of automotive sector and high popularity of refurbished classic automobiles have encouraged the manufacturers in the region to diversify their product range for a variety of models.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive Wiring Harness market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Automotive Wiring Harness market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Automotive Wiring Harness market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Automotive Wiring Harness market?
• Which is the largest regional market for Automotive Wiring Harness market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Automotive Wiring Harness market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive Wiring Harness market worldwide?