Automotive Secondary Wiring Harness Market Share

Automotive Secondary Wiring Harness Market Share Analysis

Copper took the lead in the market, holding a big chunk with a substantial 86.31% share in 2016. Its market value reached an impressive USD 52,552.3 million and is expected to grow at the highest Compound Annual Growth Rate (CAGR) of 6.53% in the forecast period. Meanwhile, Aluminum secured the second-largest spot in 2016, with a value of USD 5,772.2 million. Its growth is projected at a CAGR of 5.58%. This signifies that copper dominates the market, boasting a significant share and promising growth, with aluminum following as the second-largest player on a positive growth path.

Connectors play a crucial role in linking wires and cables within automobiles. These connectors are specially designed to work in challenging conditions like extreme temperatures, vibrations, electromagnetic interference, water exposure, and more. With the increasing integration of information technology, major players are producing a variety of connectors that link wires to GPS, TV, and other wave-receiving devices in automobiles.

In the broader context, the dominance of copper suggests its widespread use and importance in the market. As it continues to grow at a high rate, it signifies a preference for copper in various applications. On the other hand, the growth trajectory of aluminum indicates its significant presence and potential expansion. The role of connectors is critical in modern automobiles, ensuring seamless connections for various electronic devices. With technological advancements, the development of connectors that facilitate connections with GPS, TV, and other devices reflects the industry's adaptability to evolving automotive needs. As technology becomes more integral to vehicles, the demand for advanced connectors is likely to continue growing, impacting the overall automotive wiring harness market positively.