Car Wiring Harness Market Report 2024 (Global Edition)

Global Car Wiring Harness Market Report 2024 Market Size Split by Type (Ignition System, Charging System, Drivetrain, Powertrain System, Infotainment System and Dashboard, Vehicle Control and Safety S...

Car Wiring Harness Market Report Description

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Competitive Landscape of the Car Wiring Harness market

The top players constantly evolve with new methods to gain a competitive advantage and capture a market share. The primary Car Wiring Harness market participants focus on developing creative offerings to serve a big consumer base and achieve a competitive advantage.

Car Wiring Harness Industry News

September 2022, Motherson Sumi Ltd. opened its third production facility for automotive harness items in Serbia at Požarevac. The business was supposed to produce items exclusively for Daimler Trucks SE and create 1,000 employment on the site.

Source-www.autocarpro.in/news-international/motherson-opens-new-wiring-harness-facility-in-serbia-92751

Top Companies Market Share in Car Wiring Harness Industry: (In no particular order of Rank)

• LEONI AG
• Yazaki Corporation
• Aptiv PLC
• Sumitomo Electric Industries Ltd.
• Lear Corporation
• Motherson Sumi Systems Ltd.
• Furukawa Electric Co. Ltd.
• Fujikura Ltd.
• Coroplast Fritz Müller GmbH & Co.
• Jiangsu Kyungshin Electronic Co. Ltd.
•  Nexans
• THB Group
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North America Car Wiring Harness market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue; North America is a driving force in the expanding automobile wire harness market, fueled by increased use of electric vehicles, better safety features, and communication technologies. The region's requirement for complex wiring solutions increases as the automobile sector evolves. Ongoing innovation and regulatory changes, particularly in the United States, help grow North America's automobile wire harness market.

Europe is the fastest-growing category in the region's thriving automobile industry, emphasizing electric vehicles, safety features, and connectivity. Stringent environmental rules and technological breakthroughs fuel the increased need for innovative wiring solutions. The European manufacturers' emphasis on innovation and compliance with developing standards drives the region's automobile wiring harness industry forward.

The current report Scope analyzes Car Wiring Harness Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Car Wiring Harness Market

According to Cognitive Market Research, the global Car Wiring Harness market size was estimated at USD 49815.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 19926.08 million in 2023 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2023 to 2030. North America's automobile wiring harness market is expanding rapidly, owing to the region's dynamic automotive sector. The overview shows an increase in demand for innovative wiring solutions as vehicles adopt electric mobility, additional safety features, and connection possibilities. The electric car sector, with its unusually complicated electrical systems, is a major contributor to this expansion. As North American manufacturers stress innovation, adherence to demanding standards, and technological improvements, the automobile wire harness market is poised for continued growth. To summarize, the region's automotive transformation, combined with increased demand for complex wiring solutions, highlights North America's critical position in moving the  Car Wiring Harness market ahead.

• According to Cognitive Market Research, the US had a major share in the Car Wiring Harness market with a market size of USD 15721.68 million in 2023 and is projected to grow at a CAGR of 3.2% during the forecast period. This is majorly due to the incorporating cutting-edge safety features. 
• The Canada Car Wiring Harness market had a market share of USD 2391.13 million in 2023 and is projected to grow at a CAGR of 4.2% during the forecast period. This is due to the electric vehicle usage. 
• The Mexico Car Wiring Harness market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD 1813.27 million in 2023.

 

Europe Car Wiring Harness

According to Cognitive Market Research, with a market value of USD 49815.2 million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD 14944.56 million. Europe leads the expanding automobile wire harness market, thanks to a thriving automotive industry and a strong emphasis on technological improvements. The overview shows that there is a growing demand for complex wiring solutions, which is being driven by the increased use of electric vehicles, demanding safety standards, and improved networking features. The electric vehicle industry, which relies heavily on complicated electrical systems, is a big contributor to this expansion. With European automakers leading the way in innovation and sustainability, the European automobile wiring harness market is expected to grow steadily. Finally, the region's commitment to cutting-edge automotive technologies puts Europe as a vital participant in determining the future of the vehicle wiring harness market.

• According to Cognitive Market Research, the Germany Car Wiring Harness market size was valued at USD 2510.69
• million in 2023 and is projected to grow at a CAGR of 4.5% during the forecast period. This is majorly due to the automotive technological advances. 
• The United Kingdom Car Wiring Harness market had a market share of USD 1374.90 million in 2023 and is projected to grow at a CAGR of 2.9% during the forecast period. This is due to the vehicle wiring harness. 
• The France Car Wiring Harness market is projected to witness growth at a CAGR of 3.9% during the forecast period with a market size of USD 2959.02 million in 2023.
• The Italy Car Wiring Harness market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 1285.23 million in 2023.
• The Russia Car Wiring Harness market is projected to witness growth at a CAGR of 2.7% during the forecast period with a market size of USD 2316.41 million in 2023.
• The Spain Car Wiring Harness market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 1225.45 million in 2023.
• The Portugal Car Wiring Harness market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 463.28 million in 2023.
• The Luxembourg Car Wiring Harness market is projected to witness growth at a CAGR of 3.5% during the forecast period with a market size of USD 313.84 million in 2023.
• The Greece Car Wiring Harness market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD 179.33 million in 2023.
• The Rest of Europe Car Wiring Harness market is projected to witness growth at a CAGR of 2.4% during the forecast period with a market size of USD 2316.41 million in 2023.

 

Asia Pacific Car Wiring Harness

According to Cognitive Market Research, the global Car Wiring Harness market size was estimated at USD 49815.2 Million out of which Asia Pacific held the market of more than 23% of the global revenue with a market size of USD 11457.50 million in 2023 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. Asia Pacific is a driving force in the flourishing automobile wiring harness market, owing to the region's strong automotive manufacturing sector and rapid technological adoption. The overview emphasizes the growing demand for advanced wiring solutions as Asia Pacific sees an increase in electric vehicle adoption, connection integration, and safety feature implementation. The electric car business, which relies on complicated wiring harnesses, is a big contributor to this expansion. With Asia Pacific at the forefront of automotive innovation and production, the region's vehicle wire harness market is experiencing steady growth. To summarize, Asia Pacific's dynamic automotive ecosystem and rising emphasis on cutting-edge technology position it as a vital contributor to the changing environment of the vehicle wiring harness market.

• According to Cognitive Market Research, the China  Car Wiring Harness market size was valued at USD 5155.87 million in 2023 and is projected to grow at a CAGR of 6.7% during the forecast period. This is majorly due to the rising demand for electric vehicles. 
• The India Car Wiring Harness market had a market share of USD 1581.13 million in 2023 and is projected to grow at a CAGR of 5.7% during the forecast period. This is due to the increased complex wiring solutions. 
• The Japan Car Wiring Harness market is projected to witness growth at a CAGR of 9.0% during the forecast period with a market size of USD 1374.90 million in 2023.
• The South Korea Car Wiring Harness market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD 1145.75 million in 2023.
• The Australia Car Wiring Harness market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 595.79 million in 2023.
• The South East Asia Car Wiring Harness market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 790.57 million in 2023.
• The Rest of Asia Pacific Car Wiring Harness market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 813.48 million in 2023.

 

South America Car Wiring Harness Market

According to Cognitive Market Research, the global Car Wiring Harness market size was estimated at USD 2490.76 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 49815.2 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030. Latin America is a significant player in the burgeoning automobile wire harness market, which is characterized by a growing automotive industry and increased demand for new technology. The overview shows a growing demand for complex wiring solutions as the region adopts electric vehicles, increased safety features, and connectivity possibilities. The electric vehicle sector, which relies on complicated electrical systems, is a crucial driver of this expansion. Despite problems such as economic volatility, Latin America's automotive scene is changing, contributing to the growth of the automobile wire harness industry. To summarize, the region's increasing technological usage and the restructuring of the automotive sector position Latin America as an emerging player with great growth potential in the vehicle wiring harness market.

• According to Cognitive Market Research, the Brazil Car Wiring Harness market size was valued at USD 1066.05 million in 2023 and is projected to grow at a CAGR of 5.2% during the forecast period. This is majorly due to the vehicle wire harness. 
• The Argentina Car Wiring Harness market had a market share of USD 418.45 million in 2023 and is projected to grow at a CAGR of 5.5% during the forecast period. This is due to the adoption of improved safety features. 
• The Colombia Car Wiring Harness market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 221.68 million in 2023.
• The Peru Car Wiring Harness market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 204.24 million in 2023.
• The Chile Car Wiring Harness market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 179.33 million in 2023.
• The Rest of Latin America Car Wiring Harness market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 401.01 million in 2023.

 

Middle East and Africa Car Wiring Harness

According to Cognitive Market Research, the global Car Wiring Harness market size was estimated at USD 996.30 Million out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD 49815.2 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. The Middle East and Africa are emerging as major players in the rising automobile wire harness market, owing to a developing automotive sector and more technology integration. The overview focuses on the region's growing demand for sophisticated wiring solutions, which is being driven by the adoption of electric vehicles, safety standards, and better networking capabilities. The electric car market, which requires sophisticated electrical systems, is a key contributor to this expansion. Despite economic constraints, the Middle East and Africa's automotive industry is undergoing revolution, contributing to the growth of the automobile wire harness market. Finally, the region's expanding automotive sector establishes the Middle East and Africa as a notable player with significant growth potential in the vehicle wiring harness market.

• According to Cognitive Market Research, the GCC Countries  Car Wiring Harness market size was valued at USD XX million in 2023 and is projected to grow at a CAGR of XX% during the forecast period. This is majorly due to electric vehicle adoption.
• The South Africa Car Wiring Harness market had a market share of USD XX million in 2023 and is projected to grow at a CAGR of XX% during the forecast period. This is due to the increased demand for batteries and electric drivetrains. 
• TheEgypt Car Wiring Harness market is projected to witness growth at a CAGR of XX% during the forecast period with a market size of USD XX million in 2023.
• TheTurkey Car Wiring Harness market is projected to witness growth at a CAGR of XX% during the forecast period with a market size of USD XX million in 2023.
• TheNigeria Car Wiring Harness market is projected to witness growth at a CAGR of XX% during the forecast period with a market size of USD XX million in 2023.
• The Rest of MEA Car Wiring Harness market is projected to witness growth at a CAGR of XX% during the forecast period with a market size of USD XX million in 2023.

 

Car Wiring Harness Market Analysis

Car Wiring Harness Market Type Segment Analysis

According to Cognitive Market Research, the Ignition System held the major market share over the forecast period. Modern power transmission and control technologies are installed in vehicles, which raises the need for intricate wiring solutions. Wiring harnesses are critical for connecting and managing the electrical components of drivetrains and powertrains, contributing to the overall inventiveness and sophistication of automotive systems.

Drivetrain and Powertrain System is the fastest-growing category over the forecast period. As automakers put modern technologies, safety features, and connection options into passenger vehicles, the complexity of electrical systems increases. Wiring harnesses are critical for effectively handling and sending electrical signals, contributing to the development of modern and sophisticated electrical systems in passenger cars.

• Ignition System
• Charging System
• Drivetrain
• Powertrain System
• Infotainment System and Dashboard
• Vehicle Control and Safety Systems
• Body and Cabin Wiring Harness

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Car Wiring Harness Industry. Request a Free Sample PDF!

Car Wiring Harness Market Vehicle Type Segment Analysis

According to Cognitive Market Research, Passenger Cars hold a prominent market share. As commercial vehicles add new technologies, safety features, and connection possibilities, the complexity of electrical systems grows. Wiring harnesses play an important role in efficiently controlling and delivering electrical signals, helping to construct advanced electrical designs in commercial vehicles.

Commercial vehicles are the fastest-growing category over the forecast period; as vehicles include new technologies, the requirement for efficient and long-lasting wiring solutions increases. Copper's conductivity guarantees optimal signal transfer, making it an ideal material for wiring harness production. Its versatility and performance play an important role in developing reliable and high-performance electrical systems in cars.

• Copper
• Aluminium

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Car Wiring Harness Vehicle Type Segment Analysis

According to Cognitive Market Research, Copper holds a prominent market share because vehicles include new technologies, and the requirement for efficient and long-lasting wiring solutions increases. Copper's conductivity guarantees optimal signal transfer, making it an ideal material for wiring harness production. Its versatility and performance play an important role in developing reliable and high-performance electrical systems in cars.

Aluminum is the fastest-growing category over the forecast period. Aluminum is not the major material for automobile wiring harnesses, but its lightweight characteristics make it an increasingly important component in vehicle construction, helping to reduce total weight. As automakers prioritize fuel efficiency and electric vehicle range, the usage of aluminum in structural components indirectly impacts the automotive wire harness market by impacting vehicle design and efficiency, particularly for those with modern electrical systems.

• Passenger Cars
• Commercial Vehicle

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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