The North America Automotive Wiring Harness Market would witness market growth of 4.4% CAGR during the forecast period (2022-2028).
Automotive electrical systems are made up of wire harnesses, which are designed based on the idea of safety in numbers. These harnesses combine and protect the wires, connectors, terminals, and clamps that convey and complete crucial electrical communications. An assemblage of electrical cables or wires that transfer signals or electrical power is referred to as a cable harness. It is also referred to as a wire harness, wiring harness, cable assembly, wiring assembly, or wiring loom.
A strong substance, such as vinyl, conduit, rubber, electrical tape, a weave of extrusion string, or a mix of these, is used to bind the wires together. Cable harnesses, which are frequently used in construction equipment as well as automobiles, offer several benefits over free wires and cables. For instance, a lot of cars, spaceships, and airplanes have masses of wires that, if fully extended, would extend for several kilometers.
Although EV sales in Canada, the US, and other countries have recently climbed significantly, they still only account for a small part of all new car sales. The International Energy Agency estimates that there were 665,000 electric vehicles on the road at the end of 2014, up from 180,000 in 2012. According to the most recent data, 0.28 percent of the market in Canada is now occupied by light-duty vehicles.
The US market dominated the North America Automotive Wiring Harness Market by Country in 2021; thereby, achieving a market value of $13 billion by 2028. The Canada market is poised to grow at a CAGR of 6.8% during (2022 - 2028). Additionally, The Mexico market would experience a CAGR of 5.8% during (2022 - 2028).
Based on Material, the market is segmented into Copper, Aluminum, and Others. Based on Application, the market is segmented into Chassis, Engine, Dashboard & Cabin, Body & Lighting, HVAC, and Others. Based on Propulsion, the market is segmented into ICE Vehicles, Electric Vehicles, and Hybrid Vehicles. Based on Voltage, the market is segmented into Low and High. Based on Vehicle Type, the market is segmented into Passenger Cars, Commercial Vehicles, and Two-Wheeler. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Wiring Harness Market is Predict to reach $65 Billion by 2028, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lear Corporation, Aptiv PLC, Sumitomo Electric Industries, Ltd., Fujikura Ltd., Nexans SA, Furukawa Electric Co., Ltd., Samvardhana Motherson International Ltd, Leoni AG, Yazaki Corporation and Yura Corporation
By Material
By Application
By Propulsion
By Voltage
By Vehicle Type
By Country
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