Electric Vehicle Wiring Harness Market Report 2024 (Global Edition)

Global Electric Vehicle Wiring Harness Market Report 2024 Market Size Split by Type (Bi-folding Military Shovel, Three Folding Military Shovel, Others), by Application (Online Sales, Offline Sales)

Electric Vehicle Wiring Harness Market Report Description

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Competitive Landscape of the Electric Vehicle Wiring Harness Market

The competitive landscape of the Electric Vehicle Wiring Harness Market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Electric Vehicle Wiring Harness companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

May 2023: Sumitomo Electric Industries, Ltd. advanced the development of an automotive optical harness and is planning to release commercial samples in 2026. The firm is excited to enable high-speed, large-capacity communication and contribute to the development of Connected, Autonomous, Shared & Services, and Electric (CASE) technologies by utilizing its vast experience in wire harness technology and optical communication (Source: https://sumitomoelectric.com/press/2023/05/prs023 ) April 2024: AVR Global Technologies, Inc., a producer of wire harnesses, custom molded cables, and electronics assemblies, and Conner Industrial, a producer of Surface Mount Technology (SMT) PCBs and cables, announced their merger. AVR Conner Industrial Ltda would be the names of the businesses. These businesses' combined expertise in SMT, electronics box assembly, and custom wire harness OEM/CM/ODM production is probably going to assist manufacturers in increasing the efficiency of their products. (Source: https://www.avrglobaltech.com/ )

Top Companies Market Share in Electric Vehicle Wiring Harness Industry: (In no particular order of Rank)

• Aptiv PLC (Ireland)
• Yazaki Corporation (Japan)
• Leoni AG (Germany)
• TE Connectivity Ltd. (Switzerland)
• Sumitomo Wiring Systems Ltd. (Japan)
• Furukawa Electric Co.
• Ltd. (Japan)
• Delphi Technologies PLC (Ireland
• Bosch (Germany)
• Nexans (France)
• Cable Harness Group (China)
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Regional Analysis of the Electric Vehicle Wiring Harness Market

Which Region Dominates the Electric Vehicle Wiring Harness Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue because the increasing popularity of electric automobiles in North America is a major motivator. This trend is being fueled by dropping battery prices, government incentives, and increased environmental concerns. The need for wiring harnesses made especially for electric vehicles will grow as more of them are produced. High-voltage electrical systems, which power electric vehicles, call for specific wiring harnesses that can manage the higher voltage and current.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Electric Vehicle Wiring Harness Market due to several compelling reasons. ?Some of the biggest automakers in the world are based in the Asia Pacific region, and they are turning more and more of their attention toward producing electric vehicles. This rise is mostly being driven by China, where the government is offering large incentives for the production and sale of electric vehicles. In addition to investing in charging infrastructure, several countries in the Asia Pacific area are providing tax cuts and subsidies for electric cars. The need for electric car wiring harnesses is increasing as a result of consumers finding electric vehicles to be more appealing and inexpensive.

The current report Scope analyzes Electric Vehicle Wiring Harness Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

North America Electric Vehicle Wiring Harness

According to Cognitive Market Research, the global Electric Vehicle Wiring Harness Market size was estimated at USD 18541.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 7416.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.7% from 2024 to 2031

• According to Cognitive Market Research, the US had a major share in the Electric Vehicle Wiring Harness Market with a market size of USD 5851.60 million in 2024 and is projected to grow at a CAGR of 18.5% during the forecast period. The US is experiencing a spike in EV sales due to the general interest in EVs, which means that more electric car wiring harnesses are required.
• The Canada Electric Vehicle Wiring Harness Market had a market share of USD 889.98 million in 2024 and is projected to grow at a CAGR of 19.5% during the forecast period. Canada is likewise witnessing an increase in the adoption of EVs. This is anticipated to fuel the Canadian market for wire harnesses for electric vehicles to develop even further.
• The Mexico Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 19.2% during the forecast period, with a market size of USD 674.90 million in 2024.

Europe Electric Vehicle Wiring Harness

According to Cognitive Market Research, the global Electric Vehicle Wiring Harness Market size was estimated at USD 18541.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 5562.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.0% from 2024 to 2031.

• The United Kingdom Electric Vehicle Wiring Harness Market had a market share of USD 934.48 million in 2024 and is projected to grow at a CAGR of 19.8% during the forecast period. The UK-based automakers Bentley, Jaguar Land Rover, and Land Rover are making significant investments in electric vehicle development, which is driving up demand for specialist wiring harnesses.
• The France Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 18.2% during the forecast period, with a market size of USD 511.74 million in 2024.
• According to Cognitive Market Research, the Germany Electric Vehicle Wiring Harness Market size was valued at USD 1101.35 million in 2024 and is projected to grow at a CAGR of 19.2% during the forecast period. In the European market for wiring harnesses for electric vehicles, Germany has the most market share. This supremacy is consistent with Germany's robust automotive sector and notable increase in EV sales..
• The Italy Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 18.4% during the forecast period, with a market size of USD 478.36 million in 2024.
• The Russia Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 18.0% during the forecast period, with a market size of USD 862.17 million in 2024.
• The Spain Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 18.1% during the forecast period with a market size of USD 456.11 million in 2024
• The Luxembourg Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 19.1% during the forecast period, with a market size of USD 172.43 million in 2024.
• The Portugal Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 18.8% during the forecast period, with a market size of USD 116.81 million in 2024.
• The Greece Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 19.3% during the forecast period, with a market size of USD 66.75 million in 2024.
• Rest of Europe's Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 120.2% during the forecast period, with a market size of USD 862.17 million in 2024.

Asia Pacific Electric Vehicle Wiring Harness

According to Cognitive Market Research, the global Electric Vehicle Wiring Harness Market size was estimated at USD 18541.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 4264.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Electric Vehicle Wiring Harness Market size was valued at USD 1919.01 million in 2024 and is projected to grow at a CAGR of 22.0% during the forecast period. China's government policies strongly encourage the use of electric vehicles by providing tax incentives, subsidies, and infrastructure investments for charging stations. This results in higher EV manufacturing and a developing market for wire harnesses.
• The Japan Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 588.50 million in 2024.
• The India Electric Vehicle Wiring Harness Market had a market share of USD 511.74 million in 2024 and is projected to grow at a CAGR of 24.3% during the forecast period. India has a huge population, and in the upcoming years, there will likely be a major increase in demand for automobiles. There will undoubtedly be a high need for EV wire harnesses as a result of the government's promotion of electric vehicles, which will encourage domestic EV manufacture..
• The South Korea Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 21.6% during the forecast period, with a market size of USD 426.45 million in 2024.
• The Australia Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 22.2% during the forecast period, with a market size of USD 221.75 million in 2024.
• The South East Asia Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 23.5% during the forecast period, with a market size of USD 294.25 million in 2024.
• The Rest of Asia Pacific Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 22.3% during the forecast period, with a market size of USD 302.78 million in 2024.

South America Electric Vehicle Wiring Harness

According to Cognitive Market Research, the global Electric Vehicle Wiring Harness Market size was estimated at USD 18541.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 927.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.9% from 2024 to 2031

• According to Cognitive Market Research, the Brazil Electric Vehicle Wiring Harness Market size was valued at USD 396.78 million in 2024 and is projected to grow at a CAGR of 20.5% during the forecast period. Brazil is anticipated to rank among the top markets for wire harnesses for electric vehicles. The nation is home to a sizable and expanding automobile sector, and the government actively encourages the use of electric vehicles.
• Argentina's Electric Vehicle Wiring Harness Market had a market share of USD 155.75 million in 2024 and is projected to grow at a CAGR of 20.8% during the forecast period. The use of electric vehicles is being encouraged by the government of Argentina through several incentives. Tax rebates and subsidies are some of these incentives.
• Colombia Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 19.7% during the forecast period, with a market size of USD 82.51 million in 2024.
• Peru Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 20.1% during the forecast period, with a market size of USD 76.02 million in 2024.
• Chile's Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 20.2% during the forecast period, with a market size of USD 66.75 million in 2024.
• The Rest of Latin America Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 19.0% during the forecast period, with a market size of USD 149.26 million in 2024.

Middle East and Africa Electric Vehicle Wiring Harness

According to Cognitive Market Research, the global Electric Vehicle Wiring Harness Market size was estimated at USD 18541.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 370.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.2% from 2024 to 2031.

• The GCC Countries Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 158.71 million in 2024. The governments of the GCC are aggressively pushing the use of electric vehicles by offering tax exemptions, subsidies, and infrastructural development. As a result, there is a high demand for EVs and the specific wiring harnesses they need.
• The Egypt Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 20.5% during the forecast period, with a market size of USD 38.94 million in 2024.
• The South Africa Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 21.2% during the forecast period, with a market size of USD 58.59 million in 2024. In South Africa, as more people relocate into cities, there will likely be a greater need for effective and environmentally friendly transportation options. EVs can assist in meeting this need.
• The Turkey Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 19.3% during the forecast period, with a market size of USD 31.89 million in 2024.
• The Nigeria Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 19.2 million in 2024.
• The Rest of the MEA Electric Vehicle Wiring Harness Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 43.76 million in 2024.

Electric Vehicle Wiring Harness Market Analysis

3>Electric Vehicle Wiring Harness Market Type Segment Analysis

According to Cognitive Market Research, Bi-folding Military Shovel stands out as the dominating category. The military shovel that folds up is a whole different product. While unrelated, it's a fascinating illustration of a tool made to be durable and portable, with some characteristics that are necessary for EV wire harnesses. Military shovels that fold up are small, light, and multipurpose instruments that can be used for digging, chopping, and prying. Military troops, campers, hikers, and survivalists all like them.

Three Folding Military Shovel emerges as the fastest-growing category in the Electric Vehicle Wiring Harness Market. The market for electric vehicle wiring harnesses is unrelated to the three-fold military shovel. Yet, it is a useful portable tool that can be used for digging, chopping, and prying. It is a well-liked option for survivalists, hikers, and campers. Usually composed of metal or high-impact plastic, folding shovels feature a serrated blade. They are simple to store and move because they fold up into a small size.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electric Vehicle Wiring Harness Industry. Request a Free Sample PDF!

Electric Vehicle Wiring Harness Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is Offline Sales. However, given the nature of the product, we might assume that a sizable component of the market probably comprises offline sales. The main source of sales for wiring harnesses for electric vehicles is direct commerce between wiring harness providers and manufacturers (OEMs). Through long-standing contracts and commercial relationships, these transactions frequently take place offline. Wiring harnesses are intricate parts that need to be customized for every car type and have distinct technical requirements. For these kinds of deals, offline negotiation and communication may be preferable.

The fastest-growing category in the Electric Vehicle Wiring Harness Market is Online sales. Even if internet sales aren't the main way that electric car wiring harnesses are sold, there may be an increasing tendency toward replacement parts: Certain wiring harnesses for EV repairs or upgrades may be sold by internet sellers. Online retailers of high-performance wiring harnesses may be EV performance enhancement companies..

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Electric Vehicle Wiring Harness market report 2024 Edition by contacting our team.

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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