Wire Harness Market (By Product Type: Wire Harness Connector and Wire Harness Terminal; By Material: PVC, Vinyl, Thermoplast Elastomer, Polyurethane, and Polyethylene; By Application: Automotive, Marine and Marine Engine, Aerospace & Defense, Military Machines, Gaming & Amusements, Medical Equipment & Devices Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021-2030

The global wire harness market size is predicted to surpass US$ 190 billion by 2030 and growth is expanding at a CAGR of 6.1% during the forecast period 2021 to 2030.

The global wire harness market is broadly affected by several factors, including rising demand for wire harnesses aligned with the growing demand for electric vehicles. Thus, expanding usage of wire harnesses in different segments is propelling the global wire harness market. The usage of wire harness in automotive and telecommunication sectors and increasing application of wire harness in consumer electronics are factors expected to boost the global wire harness market during the forecast period.

Powering automotive, medical devices, aerospace, and electronics manufacturing industries worldwide have created a robust foundation for wire harness manufacturers. Considering the demand from the automotive industry alone, the rising electronics and electrical complexity in vehicles today has been a key driver for the wire harness market. New generation vehicles at times contain more than 150 pounds of wiring, which subsequently results in application of thousands of wire harnesses in a single vehicle.

Despite the drop in sales of electric vehicles in 2020, their demand is projected to grow in the long term, as batteries become more affordable and the charging infrastructure becomes more widely available. This trend in electric vehicle production and distribution is expected to have a significant impact on the wire harness market.

Furthermore, the increase in electrical and electronic features in modern vehicles is placing more emphasis on wiring harnesses that transmit power and signals between actuators, sensors, and ECUs. The continued development of advanced driver assistance systems (ADAS) and electric powertrains has been particularly impactful, as they require additional sensor hardware and specialty wiring to transmit data and power. Furthermore, increasing demand for driver assistance systems and electrically propelled cars are driving growth in the wire harness manufacturing industry.

Transformation and automation in manufacturing and production technologies have resulted in increased production capacity across all industries, including wire harness manufacturers. The wire management products landscape foresees an optimal growth opportunity in terms of innovating and improving the products.

Technological advancements in various segments have resulted in electrification of several conventional products, thus snowballing the demand for electrical components and wire management products. Burgeoning complexity of electronic devices and automation is expected to widen the growth opportunity for players across the wire harness value chain.

Lack of Harmony of Standardized Products

Wire management products are crucial to maintain functionality and safety in a wide range of applications. Unfortunately, wire management products have been overly complicated by their base standards, which include various regional standards from the Association of Standardization and Certification (ANCE), the CSA Group (formerly the Canadian Standards Association), International Electrotechnical Commission (IEC), and Underwriters Laboratories (UL).

Consumers of wire management products have not had a consistent benchmark of performance and quality due to this complexity, often resulting in unexpected total business costs. The industry is being served by varying benchmarks for compliance testing and certification, as standards for wire management products are not harmonized.

COVID-19 Impact

The overall production and supply of wire harness products were hampered due to the outbreak of the COVID-19. However, it has generated immense opportunities for suppliers or retailers to expand their sales channels and increase the overall profitability of their business.

Companies are working with local governments to reach lockdown places and provide their product to distributors. India and China are expected to be key markets post the COVID-19 scenario. However, this market in Asia Pacific and Europe is expected to witness higher growth as a result of increasing demand for wire harness products in the automotive segment.

Prominent Regions

The demand for wire harnesses in the Asia Pacific region is estimated to expand at a faster pace than any other region. 

Europe and North America hold a prominent position in the overall wire harness market due to rising application of wire harnesses across myriad verticals, including transportation, automobiles, appliances, and electrical equipment in prominent countries, which include the U.S., the U.K., Canada, France, Germany, and various other European countries. The explosive trend of electric vehicles and their adoption across the globe is likely to boost the growth of the wire harness market all over the globe.

Key Players

Key players operating in the global wire harness market are Aptiv Plc, Fujikura Ltd. Furukawa Electric Co., Lear Corp. LEONI AG, THB Group, Yazaki Corporation, Sumitomo Electric Industries Ltd., Motherson Group, and AmWINS Group Inc.

Market Segmentation

Market By Product Type

  • Wire Harness Connector
    • Wire to Wire
    • Board to Board
    • Board to Wire
  • Wire Harness Terminal
    • Ring Terminal
    • Spade Terminal
    • Hook Terminal
    • Bullet Terminal
    • Others

Market By Material

  • PVC
  • Vinyl
  • Thermoplast Elastomer
  • Polyurethane
  • Polyethylene

Market By Application

  • Automotive
    • Trucks & Bus
    • Motorbikes & Scooters
    • Fleet Truck Cargo Van
    • Electric Vehicles
    • Others (Recreational Vehicles, etc.)
  • Marine and Marine Engine
  • Aerospace & Defense
  • Military Machines
  • Gaming & Amusements
    • Electronic/Casino Gaming Machines
    • Amusement Vending Machines
    • Crane & Gift Gaming Machines
    • Others (Medal Gaming Machines, etc.)
  • Medical Equipment & Devices
  • Commercial Refrigeration & Food Machines
  • Consumer Technology & Durables
    • Computing Devices
    • Networking & Communication
    • Appliances
    • Lawn & Garden Equipment
    • Others (Other Consumer Electronics)
  • Fitness Equipment/Machines
  • Power & Energy
    • Power Generation (Large Engine)
    • HVAC Equipment
    • Solar Panels
  • Agricultural Equipment
  • Industrial
    • Automation Equipment/Robotics
    • Construction Equipment
    • Material Handling Equipment
    • Fuel Dispenser System
    • Production Machinery
    • Floor Scrubbers
    • Ride On
    • Battery Operated
    • Electric Motors
    • Others
  • Mechanical Lifts
  • Elevators & Escalator
  • Battery
  • Others

Market By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This report focuses on wire harness market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall wire harness market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global wire harness market.

The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global wire harness market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the wire harness market.

The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.

In this study, the years considered to estimate the market size of wire harness are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2030

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.

The analysts have provided a comprehensive analysis of the competitive landscape of the global wire harness market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers


Research Methodology

The research methodology adopted by analysts for compiling the global wire harness market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global wire harness market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2021) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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