Automotive Wiring Harness Market to Surpass US$ 96.0 Million by 2030 - Coherent Market Insights
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Monday, November 27, 2023
BURLINGAME, Calif., Nov. 27, 2023 /PRNewswire/ -- According to Coherent Market Insights, Global Automotive Wiring Harness market size was valued at US$ 53.58 Million in 2022 and is expected to surpass US$ 96.0 Million by 2030 and is anticipated to witness a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030.
Key Points:
- BURLINGAME, Calif., Nov. 27, 2023 /PRNewswire/ -- According to Coherent Market Insights, Global Automotive Wiring Harness market size was valued at US$ 53.58 Million in 2022 and is expected to surpass US$ 96.0 Million by 2030 and is anticipated to witness a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030.
- The global automotive wiring harness market is experiencing strong growth owing to rising vehicle production, growing demand for electric vehicle, advancement in vehicle technology, and integration of advanced driver assistance system.
- Key Trends and Analysis of the Global Automotive Wiring Harness Market:
Growing integration of electronic devices into vehicles will drive the demand for automotive wiring harness market during the forecast period. - Moreover, employing safety features in automotive cars enhances the security of passengers in the vehicle, which has positively impacted the growth of the automotive wiring harness market.