The wire harness market in Europe is expected to grow from US$ 22,020.52 million in 2022 to US$ 30,361.88 million by 2028. It is estimated to grow at a CAGR of 5.5% from 2022 to 2028.

Rising Technological Advancements in Automobiles

Automobile manufacturers are implementing various technologies in their upcoming models to stay competitive in the market. Technologies such as automatic high beam control, self-driving, cruise control, and automatic lift gates are highly adopted by automobile companies as buyers are largely lured by attractive design, specifications, quality, and features. Some of the technologically advanced vehicles have approximately 40 wire harnesses comprising ~3,000 wires and around 700 connectors. Wire harnesses are one of the most important components of a vehicle’s electrical system. It bundles up to 5 km of cables in an average car. Moreover, in modern vehicles, most components, such as engine, air conditioning, instrumentation, audio speaker, lights, and battery are connected through front, rear, and roof wire harnesses. Owing to the increasing technological advancements, the demand for wire harnesses is growing in the automobile industry. In July 2022, Mahindra, an automobile giant launched new-generation Scorpio – Christened Scorpio N. This car has various technologies and features such as AdrenoX infotainment system, connected car tech, and a 12-speaker Sony audio system. These additional technology integration in the vehicles increase the demand wire harness for better connectivity. In July 2022, Toyota launched a teaser of its new connected car technology, Toyota i-Connect. Moreover, customers are moving toward electric vehicles (EV), which is also a driving factor for the wire harness market. In May 2022, Pacific Gas and Electric Company (PG&E) announced its strategy to produce three pilot programs to check how bidirectional EVs and their chargers can give power to the electric grid and related benefits to the customers. Such factors are propelling the wire harness market growth.

Market Overview

Constant technological advancements have made Europe a highly competitive market. Europe holds one of the most important commercial vehicles producing and selling countries, such as Germany, France, and others. The European wire harness market is dominated by Germany.Governments of European countries are also taking the initiative, such as Zero Emission by 2050, which will drive the adoption of electric vehicles in the coming years. In addition, increasing investments in upgrading traditional grids and existing electrical infrastructure to reduce ongoing T&D losses, are projected to drive the wire harness market over the next few years. Similarly, the rising demand for consumer electronics, such as mobile phones, headphones, and laptops, is also expected to strengthen the business outlook for the region during the forecast period .

Europe Wire Harness Market Revenue and Forecast to 2028 (US$ Million)

Europe Wire Harness Market Segmentation

The Europe wire harness market is segmented into product, material, end user, and country. Based on product, the market is segmented into wire harness connector, wire harness terminal, and others. The others segment held the largest market share in 2022.

Based on material, the market is segmented into PVC, vinyl, thermoplastic elastomer, polyurethane, and polyethylene. The PVC segment held the largest market share in 2022. Based on end user, the market is segmented into automotive, agriculture, appliances, and others. The automotive segment held the largest market share in 2022. Based on country, the market is segmented into Germany, France, UK, Italy, Russia, and Rest of Europe. The Germany dominated the market share in 2022. DRAXLMAIER GROUP; Fujikura Ltd.; Lear Corporation; Sumitomo Electric Industries, Ltd.; LEONI AG; THB Group; Yazaki Corporation; FURUKAWA ELECTRIC CO., LTD.; Motherson Sumi Systems Ltd.; and YURA Corporation are the leading companies operating in the wire harness market in the region.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Wire Harness Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Wire Harness Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Technological Advancements in Automobiles
5.2 Market Restraints
5.2.1 Increasing Counterfeit Products That Can Cause Catastrophe
5.3 Market Opportunities
5.3.1 Technological Improvements in Food & Beverages and Agriculture
5.4 Future Trends
5.4.1 Growing Usage of Lightweight Wire Harness
5.5 Impact Analysis of Drivers and Restraints
6. Wire Harness Market – Europe Market Analysis
6.1 Europe Wire Harness Market Overview
6.2 Europe Wire Harness Market Revenue Forecast and Analysis
7. Europe Wire Harness Market Analysis – By Product Type
7.1 Overview
7.2 Europe Wire Harness Market, By Product Type (2021 and 2028)
7.3 Wire Harness Connector
7.3.1 Overview
7.3.2 Wire Harness Connector: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Wire Harness Terminal
7.4.1 Overview
7.4.2 Wire Harness Terminal: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Wire Harness Market Analysis – By Material
8.1 Overview
8.2 Europe Wire Harness Market, By Material (2021 and 2028)
8.3 PVC
8.3.1 Overview
8.3.2 PVC: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Vinyl
8.4.1 Overview
8.4.2 Vinyl: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Thermoplastic Elastomer
8.5.1 Overview
8.5.2 Thermoplastic Elastomer: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Polyurethane
8.6.1 Overview
8.6.2 Polyurethane: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Polyethylene
8.7.1 Overview
8.7.2 Polyethylene: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Wire Harness Market Analysis – By End User
9.1 Overview
9.2 Europe Wire Harness Market, By Material (2021 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Agriculture
9.4.1 Overview
9.4.2 Agriculture: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Appliance
9.5.1 Overview
9.5.2 Appliance: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Wire Harness Market – by Country Analysis
10.1 Europe: Wire Harness Market
10.1.1 Europe: Wire Harness Market- by Key Country
10.1.1.1 Germany: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Wire Harness Market- by Product Type
10.1.1.1.2 Germany: Wire Harness Market- By Material
10.1.1.1.3 Germany: Wire Harness Market- By End User
10.1.1.2 France: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Wire Harness Market- by Product Type
10.1.1.2.2 France: Wire Harness Market- By Material
10.1.1.2.3 France: Wire Harness Market- By End User
10.1.1.3 Italy: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Wire Harness Market- by Product Type
10.1.1.3.2 Italy: Wire Harness Market- By Material
10.1.1.3.3 Italy: Wire Harness Market- By End User
10.1.1.4 UK: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Wire Harness Market- by Product Type
10.1.1.4.2 UK: Wire Harness Market- By Material
10.1.1.4.3 UK: Wire Harness Market- By End User
10.1.1.5 Russia: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Wire Harness Market- by Product Type
10.1.1.5.2 Russia: Wire Harness Market- By Material
10.1.1.5.3 Russia: Wire Harness Market- By End User
10.1.1.6 Rest of Europe: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Wire Harness Market- by Product Type
10.1.1.6.2 Rest of Europe: Wire Harness Market- By Material
10.1.1.6.3 Rest of Europe: Wire Harness Market- By End User
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profile
12.1 DRÄXLMAIER Group
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Fujikura Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lear Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sumitomo Electric Industries, Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 LEONI AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 THB Group
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Yazaki Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 FURUKAWA ELECTRIC CO., LTD.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Motherson Sumi Systems Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 YURA Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index

LIST OF TABLES

Table 1. Europe Wire Harness Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Wire Harness Market- By End User–Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Wire Harness Market- By End User–Revenue and Forecast to 2028 (US$ Million)
Table 11. UK: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Wire Harness Market- By End User–Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Wire Harness Market- By End User–Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
 
 

LIST OF FIGURES

Figure 1. Europe Wire Harness Market Segmentation
Figure 2. Europe Wire Harness Market Segmentation – By Country
Figure 3. Europe Wire Harness Market Overview
Figure 4. Europe Wire Harness Market, by Product Type
Figure 5. Europe Wire Harness Market, by Material
Figure 6. Europe Wire Harness Market, by End User
Figure 7. Europe Wire Harness Market, by Country
Figure 8. Europe – PEST Analysis
Figure 9. Europe Wire Harness Market- Ecosystem Analysis
Figure 10. Europe Expert Opinions
Figure 11. Europe Wire Harness Market Impact Analysis of Drivers and Restraints
Figure 12. Europe Wire Harness Market Revenue Forecast and Analysis (US$ Million)
Figure 13. Europe Wire Harness Market Revenue Share, by Product Type (2021 and 2028)
Figure 14. Europe Wire Harness Connector: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Wire Harness Terminal: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Others: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Wire Harness Market Revenue Share, By Material (2021 and 2028)
Figure 18. Europe PVC: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Vinyl: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Thermoplastic Elastomer: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Polyurethane: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Polyethylene: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Wire Harness Market Revenue Share, by End User (2021 and 2028)
Figure 24. Europe Automotive: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Agriculture: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe Appliance: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe Others: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe: Wire Harness Market, By Key Country – Revenue (2021) (US$ Million)
Figure 29. Europe: Wire Harness Market Revenue Share, By Key Country (2021 and 2028)
Figure 30. Germany: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. France: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Italy: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. UK: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Russia: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Europe: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe wire harness market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Europe wire harness market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe wire harness market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – Europe Wire Harness Market

● DRAXLMAIER GROUP
● Fujikura Ltd.
● Lear Corporation
● Sumitomo Electric Industries, Ltd.
● LEONI AG
● THB Group
● Yazaki Corporation
● FURUKAWA ELECTRIC CO., LTD.
● Motherson Sumi Systems Ltd.
● YURA Corporation

At 5.5% CAGR, the Europe Wire Harness Market is speculated to be worth US$ 30,361.88 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Europe wire harness market was valued at US$ 22,020.52 million in 2022 and is expected to reach US$ 30,361.88 million by 2028, registering an annual growth rate of 5.5% from 2022 to 2028. Rising technological advancements in automobiles.

In automobiles, wire harnesses weigh around 100–150 lbs depending on the size and vehicle model. Heavier the wire, higher the weight of equipment. In industries such as aerospace, weight is matter of concern. Due to this, aircraft manufacturers are looking for lightweight wire harness by using lightweight connectors, clamps, etc. Further, lightweight wire harness reduces the vehicle exhaust emission and fuel consumption. The weight is one of the major factors that is why the firms select aluminum alloys instead of copper, which is expensive as well. In August 2021, National Highway Traffic Safety Administration (NHTSA) finalizes model year 2024–2026 CAFÉ standards. According to the standards, the passenger cars and light truck models require to have fleet average of 49 mpg by 2026, with increased annual full efficiency of 8% for model years 2024 and 2025 and 10% by 2026. Such regulations compel manufacturers to reduce the overall weight to increase the fuel economy. This is expected to drive the market during the forecast period.

On the contrary, increasing counterfeit products that can cause catastrophe hurdles the growth of Europe wire harness market.

Based on product type, the Europe wire harness market is categorized into wire harness connector, wire harness terminal, and others. The others segment held 45.5% market share in 2022, amassing US$ 10,013.25 million. It is projected to garner US$ 14,089.80 million by 2028 to expand at 5.9% CAGR during 2022–2028. Based on material, the Europe wire harness market is categorized into PVC, vinyl, thermoplastic elastomer, polyurethane, and polyethylene. The PVC segment held 5.1% market share in 2022, amassing US$ 9,596.49 million. It is projected to garner US$ 12,964.95 million by 2028 to expand at 5.1% CAGR during 2022–2028. Based on end user, the Europe wire harness market is categorized into automotive, agriculture, appliances, and others. The automotive segment held 52.0% market share in 2022, amassing US$ 11,455.79 million. It is projected to garner US$ 15,276.82 million by 2028 to expand at 4.9% CAGR during 2022–2028. Based on country, the Europe wire harness market has been categorized into the Germany, France, Italy, UK, Russia, and Rest of Europe. Our regional analysis states that Germany captured 39.1% market share in 2022. It was assessed at US$ 8,602.29 million in 2022 and is likely to hit US$ 13,277.01 million by 2028, exhibiting a CAGR of 7.5% during the forecast period. Key players dominating the Europe wire harness market are DRAXLMAIER GROUP; Fujikura Ltd.; Lear Corporation; Sumitomo Electric Industries, Ltd.; LEONI AG; THB Group; Yazaki Corporation; FURUKAWA ELECTRIC CO., LTD.; Motherson Sumi Systems Ltd.; and YURA Corporation among others.

In Oct 2021, Toyota Boshoku Corporation to Adopt Aluminum Wire in Wire Harnesses for Automobile Seats. In Mar 2021, Lear Leads Latest Investment Round in Flexible Circuit Maker CelLink.