According to IMARC Group, The global automotive wiring harness market size reached US$ 80.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 103.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.15% during 2023-2028.
At present, the automotive wiring harness industry is witnessing product innovations aimed to minimize the load. Consequently, leading market vendors are using superior grades of conductors, insulators and sheaths for wires and cables in automotive wiring harness systems. This assists in enhancing the robustness and high-temperature resistance and protecting the product from any damage.
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The global market is primarily driven by considerable growth in the automotive sector. This can be accredited to the inflating disposable incomes of the masses and a significant increase in the vehicle fleet across the globe. Since the usage of automotive wiring harness improves the security and reliability of the vehicles while enhancing their fuel efficiency, it is widely gaining prominence among end users.
Top 10 Automotive Wiring Harness Manufacturers in the World
- BorgWarner, Inc.
- Furukawa Electric Co. Ltd.
- Lear Corporation
- Leoni AG
- Nexans Autoelectric GmbH
- Motherson Group
- Sumitomo Electric Industries, Ltd.
- AmWINS Group Inc.
- YAZAKI Corporation
- YURA Corporation
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