Asia Pacific Automotive Wiring Harness Market Size & Outlook
Asia Pacific automotive wiring harness market, 2018-2030 (US$M)
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Asia Pacific automotive wiring harness market highlights
- The Asia Pacific automotive wiring harness market generated a revenue of USD 22,958.2 million in 2023.
- The market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, terminals was the largest revenue generating component in 2023.
- Terminals is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 22,958.2 million |
| Market revenue in 2030 | USD 30,601.4 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Terminals |
| Fastest growing segment | Terminals |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electric Wires, Connectors, Terminals |
| Key market players worldwide | THB Group, BorgWarner Inc, Furukawa Electric Co Ltd, Kromberg & Schubert Gmbh & Co. Kg Kabel-automobiltechnik, Lear Corporation, Lear Corp, Leoni AG ADR, PKC Group, Spark Minda, Sumitomo Electric Industries Ltd, Yazaki |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 45.8% of the global automotive wiring harness market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 30,601.4 million by 2030.
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Automotive Wiring Harness Market Scope
Automotive Wiring Harness Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific automotive wiring harness market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive wiring harness market will help companies and investors design strategic landscapes.
Terminals was the largest segment with a revenue share of 42.35% in 2023. Horizon Databook has segmented the Asia Pacific automotive wiring harness market based on electric wires, connectors, terminals covering the revenue growth of each sub-segment from 2018 to 2030.
The government of India has introduced the Automotive Mission Plan (AMP) 2016–26, an initiative of the Make in India move. The AMP 2016–26 focuses on enhancing the automotive manufacturing output to 3–4 times by 2026. Currently, India i s the sixth largest country to manufacture four wheeler vehicles.
This initiative is expected to boost the automotive contribution to the GDP by 12% and create 65 million more jobs. In India, electric vehicles are gaining traction owing to favorable government initiatives coupled with the increasing presence of global players.
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Target buyers of Asia Pacific automotive wiring harness market databook
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Our clientele includes a mix of automotive wiring harness market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific automotive wiring harness market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific automotive wiring harness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific automotive wiring harness market size, by country, 2018-2030 (US$M)
Asia Pacific Automotive Wiring Harness Market Outlook Share, 2023 & 2030 (US$M)
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