North America Automotive Wiring Harness Market Size & Outlook
North America automotive wiring harness market, 2018-2030 (US$M)
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North America automotive wiring harness market highlights
- The North America automotive wiring harness market generated a revenue of USD 7,721.3 million in 2023.
- The market is expected to grow at a CAGR of 1.9% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 7,721.3 million |
| Market revenue in 2030 | USD 8,801.4 million |
| Growth rate | 1.9% (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, North America region accounted for 15.4% 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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North America 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 43.22% in 2023. Horizon Databook has segmented the North America automotive wiring harness market based on electric wires, connectors, terminals covering the revenue growth of each sub-segment from 2018 to 2030.
The North American region is characterized by the large number of population having improved purchasing power, continuous investments in infrastructure, and governments’ increasing focus on having in-house automotive production.
The federal government provides numerous incentives to electric vehicles buyers, including the federal tax credit for plugin electric vehicles. This tax credit ranges from USD 2,500 to USD 7,500 for an individual vehicle, depending on the battery's capacity, and is only available in the year the car is placed in service.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America automotive wiring harness market , including forecasts for subscribers. This continent databook contains high-level insights into North America automotive wiring harness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America automotive wiring harness market size, by country, 2018-2030 (US$M)
North America Automotive Wiring Harness Market Outlook Share, 2023 & 2030 (US$M)
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