Automotive Wiring Harness Top Companies - Recent Developments, Business Strategy, Deal Strategy, Patent Strategy, Benchmarking and Management Outlook

Date : November 2024

Automotive Wiring Harness Market Size Analysis and Top Companies

The global automotive wiring harness market size is projected to hit around USD 88.36 billion by 2033 from USD 51.48 billion in 2023 and grow with a CAGR of 5.6% from the forecast period 2024 to 2033. The top companies operating in the automotive wiring harness are Sumitomo Electric Industries, Ltd., Delphi Automotive LLP, Furukawa Electric Co. Ltd, Lear Corporation, THB Group, Yura Corporation, Leoni Ag, SPARK MINDA, Yazaki Corporation, Fujikura Ltd., QINGDAO SANYUAN GROUP, SamvardhanaMotherson Group, NexansAutoelectric, PKC Group.

Market Report Coverage

Report Highlights Details
Market Size in 2023 USD 51.48 Billion
Market Size by 2033 USD 88.36 Billion
Growth Rate from 2024 to 2033 CAGR of 5.6%
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered Type, Material, Propulsion, Transmission, Vehicle, Sales Channel, Geography

Automotive Wiring Harness Key Players

  • Sumitomo Electric Industries, Ltd.
  • Delphi Automotive LLP
  • Furukawa Electric Co. Ltd
  • Lear Corporation
  • THB Group
  • Yura Corporation
  • Leoni Ag
  • SPARK MINDA
  • Yazaki Corporation
  • Fujikura Ltd.
  • QINGDAO SANYUAN GROUP
  • SamvardhanaMotherson Group
  • NexansAutoelectric
  • PKC Group

Recent Developments

  • PKC Group Plc was purchased for USD 665.5 million by Motherson Sumi Systems Ltd. in 2017. The company's presence in regions like Europe, the Americas, and Asia Pacific is projected to grow as a result of this acquisition.
  • Essex Magnet Wire and Furukawa Electric, both leaders in magnet wire product development and custom solutions, formed a joint venture in October 2020 to build on their prior magnet wire relationship in Europe. The firms would combine their magnet wire business activities in the coming months, pending the execution of definitive agreements and the usual regulatory and other approvals.

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