Wire Harness Market Share

Wire Harness Market Share

Sumitomo Electric Industries, Yazaki Corporation and Furukawa Electric held significant market share of over 15% market share in 2023. These leading companies' concerted efforts to enhance wire harness industry demand involve strategic investments in research and development, innovative product designs, and expanding manufacturing capabilities. By focusing on customer-centric solutions, improving product quality, and optimizing supply chain efficiency, companies aim to meet the evolving needs of industries and capitalize on the growing demand for wire harnesses in various sectors.
 

Moreover, they are focusing on expanding globally and through acquisitions to secure a strong market position. They're also innovating with new product lines and collaborating with automakers to meet the growing demand for complex wiring systems in electric and hybrid vehicles.
 

Wire Harness Market Companies

Major players operating in the market are:

• Amphenol Corporation
• Furukawa Electric
• Kromberg & Schubert
• Lear Corporation
• Leoni AG
• Manitou Group Gear
• PKC Group (Motherson)
• Sumitomo Electric Industries
• TE Connectivity
• Yazaki Corporation