The global automotive wire harness market is expected to grow at a considerable rate i.e., USD $75 billion by 2027, with a CAGR of 5.8% during the forecast period 2021-2027. Increasing the integration of electronic devices into vehicles has a positive impact on the wire harness market. This ensures safety, increases performance, fuel-efficient, and low probability of electrical shortage. Companies are focusing on strategic collaborations with end-users and regional distributors to expand their customer base. Several manufacturers are providing new production facilities for producing wire harnesses in developing countries due to the low labor cost involved. However, the COVID-19 pandemic has caused a severe impact on the automotive sector and wire harness market. There are a lot of disruptions in the supply chain halting the production and fall in demand. In the post COVID, there will be an increase in consumer preference of own vehicular transport and the rise in demand for autonomous and safe vehicles, thus providing revenue and employment generation in the automotive wire harness market.
Browse 62 market data Tables and 40 Figures spread through 150 Pages and in-depth TOC on " Automotive Wire Harness Market by Component Type (Electric Wire, Connectors, Terminals, and Others), by Application/Product Type (Body, Chassis, Engine, HVAC, and Sensors), by Vehicle Type (Passenger Vehicles, Commercial Vehicles, and Electric Vehicles), by Material Type (Metallic and Optic Fiber), and Region - Global Forecast to 2027"
Chassis & safety application type segment will remain a key beneficiary in terms of revenue in the market
On the basis of application, the market is segmented into body, chassis, engine, HVAC, and sensors. The chassis and safety segment will remain a key beneficiary in terms of revenue and includes fog lamps, headlamps, fuel flaps, and turn indicators. Chassis is used in electric and conventional vehicles.
Global Automotive Wire Harness Market Segmentation Analysis
Segment |
Categorization |
Leading Category |
Component Type |
Electric Wire, Connectors, Terminals and Others |
Terminal (Fastest) |
Application |
Body, Chassis, Engine, HVAC, and Sensors |
Chassis (Largest) |
Vehicle Type |
Passenger Vehicles, Commercial Vehicles, and Electric Vehicles |
Passenger Vehicles (High CAGR) Electric Vehicles (Fastest) |
Material type |
Metallic and Optic Fiber |
Metallic (Largest) |
Region |
North America, Europe, Asia-Pacific, and Rest of the World |
Asia-Pacific (Largest) |
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Geography Insight
Geographically, APAC has the largest market share in the forecast period. This is due to the increasing road infrastructure activities, growing automotive manufacturing, an increase in demand for safety, low labor cost and convenience features in mid-segment vehicles will facilities will drive the growth of the region.
Competitive Insight
Some of the key players operating in the automotive wire harness market: Delphi Technologies PLC, Furukawa Electric Co. Limited, Leoni AG, Lear Corporation, Sumitomo Electric Industries Limited, Spark Minda, Yazaki Corporation, Samvardhana Motherson Group, Nexans Auto Electric Gmbh, and Yura Corporation.
In September 2020, Motherson Sumi Systems Limited had entered into an agreement to acquire US-based Stoneridge Inc’s wiring harness business for USD 65.7 million. The acquired business has a turnover of approx. USD 300 Million.
Scope of the Report
Report Metric |
Details |
Market Size Available for the Years in the Study |
2015–2027 |
Historical Period |
2015–2020 |
Base Year |
2020 |
Forecast Period |
2021–2027 |
Segments Covered in the Study |
Component Type, Application, Vehicle Type, Material Type, and Region |
Geographies Covered in the Study |
North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.) |
Companies Covered in the Study |
Delphi Technologies PLC, Furukawa Electric Co. Limited, Leoni AG, Lear Corporation, Sumitomo Electric Industries Limited, Spark Minda, Yazaki Corporation, Samvardhana Motherson Group, Nexans Auto Electric Gmbh and Yura Corporation |
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The report provides the market value for the base year 2020 and a yearly forecast till 2027 in terms of revenue (USD Million). The report segments the global automotive wire harness market on the basis of component type, vehicle type, application, material type, sales channel, and region
Global Automotive Wire Harness Market Coverage
Component Type Insight and Forecast 2015-2027
Vehicle Type Insight and Forecast 2015-2027
Application Insight and Forecast 2015-2027
Material Type Insight and Forecast 2015-2027
Geographical Segmentation
Automotive Wire Harness Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)