The global Automotive Wiring Harness Market is estimated to surpass $51.2 billion mark by 2026 growing at an estimated CAGR of more than 3.3% during the forecast period 2021 to 2026. Key drivers for Automotive Wiring Harness segment were the increase in the number of electronic components used in cars and the increase in demand for automotive safety systems. From the last decades the increasing use of electrical components in the engine and gearbox compartment is projected to increase demand for Automotive Wiring Harness over the forecast period. Autonomous driving and the increasing electrification of vehicles not only bring stricter safety and quality requirements for manufacturers of wiring harnesses – they are also confronted with new types of wiring harnesses as well.
There is an industry-wide imperative to design lighter, more fuel-efficient cars. This has a bearing on conductor specifications and wiring harness design
As the available space stays the same, miniaturization plays an important role on the one hand and multi-function on the other.
There are a rising number of electronic interfaces throughout the drive train and control systems, plus inside the passenger compartment. This is increasing the number and complexity of harnesses in vehicles.
Automotive Wiring Harness Market Segment Analysis – By Material
Automotive Wiring Harness Market Segment Analysis – By Vehicle Type
Automotive Wiring Harness Market Segment Analysis – By Geography
Automotive Wiring Harness Market Drivers
Installation and Easy Handling Benefits
Rising Miniaturization driving automation of manufacturing process
Automotive Wiring Harness Market Challenges
High Voltage Wiring Presents issues
Automotive Wiring Harness Market Landscape
- Standard Motor Products is set to Acquire General Cable’s Automotive Ignition Wire Business. The acquisition will include the purchase of General Cable’s automotive ignition wire business in North America, as well as a subsidiary in Mexico.
- Motherson Sumi acquires Stoneridge’s wiring harness business for $65.7 Mn. The deal would cover six manufacturing facilities that were located in Portland, Indiana in the US, Chihuahua, Saltillo and Monclova, in Mexico and an engineering and administrative center in Warren, Ohio, in the US.
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