Europe Automotive Wiring Harness Market Size & Outlook
Europe automotive wiring harness market, 2018-2030 (US$M)
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Europe automotive wiring harness market highlights
- The Europe automotive wiring harness market generated a revenue of USD 13,002.5 million in 2023.
- The market is expected to grow at a CAGR of 3.2% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 13,002.5 million |
| Market revenue in 2030 | USD 16,233.1 million |
| Growth rate | 3.2% (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, Europe region accounted for 26.0% 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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Europe 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 40.08% in 2023. Horizon Databook has segmented the Europe automotive wiring harness market based on electric wires, connectors, terminals covering the revenue growth of each sub-segment from 2018 to 2030.
In Europe, the automotive sector provides jobs for approximately 12 million people and accounts for 4% of the region’s GDP. The region is the global producer of motor vehicles and the sector represents the key private investori n R&D.
In 2017, 19.6 motor vehicles were manufactured in the European Union. Among these, 17 millionwere passenger cars. The European region is a headquarter for numerous prominent premium car manufacturers, including BMW.
Mercedes Benz, Audi, and Volkswagen Group, among others. Moreover, in 2016, the German automotive industry accounted for approximately 40% of the global premium cars production. The European region is projected to experience significant growth in the green cars segment.
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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 Europe automotive wiring harness market , including forecasts for subscribers. This continent databook contains high-level insights into Europe automotive wiring harness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe automotive wiring harness market size, by country, 2018-2030 (US$M)
Europe Automotive Wiring Harness Market Outlook Share, 2023 & 2030 (US$M)
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