Published by mark itwired
Posted on September 28, 2021
5 min readLast updated: February 1, 2026
The automotive wiring harness market is growing due to increased demand for electric vehicles and automated driving systems, with East Asia and Europe leading the market.
Substantial increase in the investment for automated driving activities and development of electric vehicles charging infrastructure across the globe are expected to remain key defining factors in the global automotive wiring harness market. As per FMI’s analysis, the global automotive wiring harness sales are set to exceed US$ 48 Bn in 2021, whereas in the long-term, revenues will grow at 9.4%. FMI’s latest edition of the report reveals latest perspectives, along with a detailed analysis of how COVID-19 induced slowdown will impact future sales.
The COVID-19 pandemic crisis has severely affected the global economic growth, resulting in complete shutdown manufacturing activities and disruptions in the supply chain networks. However, automotive wiring harness market is expected to recover sharply as the economic activity resumes post the containment of pandemic.
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“Manufacturers are focused on developing new wires and cables which occupy less space and are lighter in weight with cost-efficient manufacturing techniques. Raw materials are also being blended to improve the features of the final product. In addition, increase in technology adoption, vehicle customization and various investments and merger strategies to expand their business can be attributed to rise in sales of vehicles which upsurge the automotive wiring harness market. These activities are augmenting the adoption of automotive wiring harness and creating positive prospects for the market growth.” says FMI analyst.
The market is witnessing significant consolidation, in which the leading players account for more than half of the share. The diffusion of small regional players is expected to increase competitive intensity during the forecast period. Some of the key players in the market are LEONI Group, Samvardhana Motherson Group, Sumitomo Electric, Yazaki Group and Fujikura Ltd. These players have considerable hold over market share, and have longstanding relationships with a number of leading end users, giving them a competitive advantage.
Automotive wiring harness manufacturers are likely to witness a steady space of opportunities, owing to its applications in the never-ending automotive sector. However, manufacturers are emphasizing on developing customized products as per customer demands along with improved life cycle and durability. These factors are expected to positively influence growth of automotive wiring harness during the assessment period.
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| Attribute | Details |
| Forecast Period | 2021-2031 |
| Historical Data Available for | 2016-2020 |
| Market Analysis | USD Million for value and Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa |
| Key Countries Covered | US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Oceania, GCC Countries, Turkey, South Africa |
| Key Segments Covered | Product Type, Vehicle Type, Sales Channel and Region |
| Key Companies Profiled | LEONI Group, Samvardhana Motherson Group Sumitomo Electric Yazaki Group Fujikura Ltd. Lear Corporation Furukawa Electric Co. Ltd YURA Tech Corporation Nexans |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
China currently leads the global market for automotive wiring harness. Sales in China will be over one fifth of total demand throughout the forecast period.
Chassis & Safety are highly sought-after in any vehicle production. The demand for Semi-Forward Chassis is expected to remain high in the near future, especially due to its proliferated usage across electric and conventional vehicles.
Automotive wiring harness are widely used in passenger cars. Their usage in electric cars is anticipated to remain key factor impacting the overall market growth.
The post How High-Performance Systems Demand is Spurring Growth of Automotive Wiring Harness Market: Future market Insights Report Analysis first appeared on Market Research Blog.
The article discusses the growth of the automotive wiring harness market driven by demand for high-performance systems.
The pandemic caused disruptions, but the market is expected to recover as economic activities resume.
East Asia and Europe are leading due to major automotive companies in these regions.
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