International Tech Times
SEE OTHER BRANDS

Your science and technology news reporter

Wired for Growth: Automotive Wiring Harness Market worth USD 47,618.0 million to USD 73.71 Billion from (2021-2030)

Automotive Wiring Harness Industry Size

WILMINGTON, NEW CASTLE, DE, UNITED STATES, July 14, 2025 /EINPresswire.com/ -- The report indicates that the global market for automotive wiring harness market size is expected to generate $73.71 billion by 2030, having witnessed a value of $47.61 billion in 2020, with a notable CAGR of 4.6% throughout the forecast timeframe of 2021 to 2030.

Factors influencing the growth of the market:

The global automotive wiring harness market is expanding rapidly due to technological advancements, developments of safety features in automobiles, and increased shift towards EVs. However, the high cost of maintenance restrains market growth to some extent. Nevertheless, accelerated development of autonomous vehicles and dynamic government regulations are estimated to offer remunerative growth opportunities for the market in the upcoming years.

Request Sample Pages – https://www.alliedmarketresearch.com/request-sample/643

Electric vehicles operate on electric power, while reducing maintenance costs, and carbon emissions. Various countries across the world promote the use of electric vehicles to reduce the adoption of traditional gasoline fuel based vehicles and decrease their carbon footprint. Electric vehicles are integrated with high voltage wiring harnesses. The growth in demand for electric vehicles is expected to accelerate the demand for high voltage wiring harnesses to handle complex electric vehicle systems.

Key market players:

Sumitomo Electric Industries, Ltd
Furukawa Electric Co., Ltd
Yazaki Corporation
Lear Corporation
Aptiv PLC
SamvardhanaMotherson Group
Yura Corporation
NexansAutoelectricGmbh
Fujikura Ltd.
Leoni AG

The copper segment to rule the roost by 2030

Based on materials, the copper segment grabbed the highest market share of nearly three-fourths of the global automotive wiring harness market revenue in 2020 and is estimated to retain its dominance throughout the forecast timeframe. The growth is attributed to robust demand for larger vehicles like SUVs and vans, electrification of vehicles, and great efficiency of copper in automobiles. On the other hand, the aluminum segment is estimated to display the highest CAGR of 6.4% from 2021 to 2030. The segment is expected to experience growth during the forecast period as there is an increasing adoption of aluminum-based wiring harnesses, which helps reduce both the weight and costs associated with copper wiring harnesses.

Interested to Procure the Research Report? Inquire Before Buying - https://www.alliedmarketresearch.com/purchase-enquiry/643

The ICE vehicles segment dominated the market in 2020

On the basis of propulsion, the ICE vehicles segment garnered the major share in 2020, accounting for more than four-fifths of the overall market revenue and is projected to retain its dominance throughout the forecast timeframe. The segment is driven by rising demand from emerging economies, development of advanced safety features in passenger cars, and robust demand for passenger vehicles. The electric vehicles segment, on the other hand, is estimated to portray the fastest CAGR of 7.5% from 2020 to 2030. Several countries across the globe are encouraging the usage of EVs to lower the adoption of conventional gasoline derived vehicles and reduce their carbon footprint. The report also discusses the hybrid vehicles segment.

Asia-Pacific followed by North America to continue its supremacy

The regional analysis in the report indicates that the North America region held the highest market share of nearly half of the total market revenue in 2020 and is estimated to retain its dominance throughout the forecast timeframe. Surge in adoption of EVs, growth in disposable income among nations such as China & India, and robust demand for advanced features in vehicles and premium cars. The LAMEA region is anticipated to display the fastest growth with 6.6% CAGR throughout the forecast timeframe. The growth of the LAMEA automotive wiring harness market is propelled by factors like the increasing demand for fuel-efficient and environmentally friendly vehicles and the implementation of vehicle emission protocols.

Procure Complete Research Report (PDF with Qualitative and Quotative Data, Insights, Statistics, Tables, Charts, Figures) - https://www.alliedmarketresearch.com/automotive-wiring-harness-market/purchase-options

Key Findings Of The Study

By material, the aluminum segment is anticipated to exhibit significant growth in the near future.
By propulsion, the electric vehicles segment is anticipated to exhibit significant growth in the near future.
By vehicle type, the two wheeler segment is anticipated to exhibit significant growth in the near future.
By voltage, the high voltage automotive wiring harness segment is anticipated to exhibit significant growth in the near future.
By application, the dashboard and cabin segment is anticipated to exhibit significant growth in the near future.
By region, LAMEA is anticipated to register the highest CAGR during the forecast period.

David Correa
Allied Market Research
+ +1 800-792-5285
email us here
Visit us on social media:
LinkedIn
Facebook
YouTube
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Share us

on your social networks:
AGPs

Get the latest news on this topic.

SIGN UP FOR FREE TODAY

No Thanks

By signing to this email alert, you
agree to our Terms of Service