Automotive Wire Harnessing Tape Market Overview:
As per MRFR analysis, the automotive wire harnessing tape market size was estimated at 8.76 (USD Billion) in 2022. The automotive wire harnessing tape market industry is expected to grow from 9.07(USD Billion) in 2023 to 12.42 (USD Billion) by 2032. The automotive wire harnessing tape market CAGR (growth rate) is expected to be around 3.55% during the forecast period (2024-2032).
Key Automotive Wire Harnessing Tape Market Trends Highlighted
The automotive wire harnessing tape market is on a remarkable upswing, driven by the inexorable rise of electric vehicles (EVs) and growing focus on safety and convenience features. The push for lightweight and fuel-efficient vehicles is leading to an increased demand for harnesses with reduced weight and enhanced performance. The adoption of advanced driver assistance systems (ADAS) and infotainment systems necessitates the use of reliable and efficient taping solutions for wire management.
There is a surge in demand for high-temperature tapes that can withstand extreme engine temperatures. This trend is fueled by the shift towards turbocharged engines and hybrid powertrains. Additionally, the integration of cameras, sensors, and other electronic components has created a need for tapes that provide EMI/RFI shielding and improved durability.
Key market drivers include stringent safety regulations, increasing vehicle production, and the growing popularity of premium vehicles. The opportunities to be explored in the Automotive Wire Harnessing Tape Market lie in the development of eco-friendly tapes, the integration of smart technologies, and the expansion into emerging markets.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Wire Harnessing Tape Market Drivers
Increasing Demand for Lightweight and Fuel-efficient Vehicles
The automotive industry is constantly trying to improve the fuel efficiency and reduce the emissions produced by vehicles. In this regard, lightweight materials are paramount. Automotive wire harnessing tapes are materials used to bind the electric wires in bundles while also applying a protection layer. By using light materials, such as copper, or aluminum, it is possible to reduce the overall weight of the vehicle. As a result, the fuel efficiency and the vehicle emissions are improved.
For the following reasons, it will be the increasing demand for lightweight vehicles that will influence the Automotive Wire Harnessing Tape Market. Around the world, governments are imposing more severe fuel efficiency standards for vehicles. Automakers need to bear these regulations in mind while building their vehicles. It is known that lightweight materials in vehicle construction are not a new idea.
However, with the increased regulations in place, automakers have an incentive to use even more lightweight materials such as aluminum, and carbon fiber. This consequently will mean that more and more automotive wire harnessing tapes designed from lightweight materials will be demanded. In addition, the number of electric vehicles on the road is increasing and these vehicles need to be as lighter as possible to function properly.
Growing Adoption of Advanced Driver Assistance Systems (ADAS)
Advanced driver assistance systems (ADAS) are a suite of technologies that are designed to improve safety and convenience for drivers. These systems include features such as lane departure warning, automatic emergency braking, and adaptive cruise control.
The growing adoption of ADAS is expected to be a major driver of growth for the Automotive Wire Harnessing Tape Market. As ADAS systems become more sophisticated, they require more complex wiring harnesses, and this is expected to drive demand for automotive wire harnessing tapes.
Rising Demand for Electric and Hybrid Vehicles
The demand for electric and hybrid vehicles is growing rapidly, as consumers become more aware of the environmental benefits of these vehicles. Electric and hybrid vehicles require specialized wiring harnesses that can withstand the high voltages and temperatures associated with electric motors and batteries. The rising demand for electric and hybrid vehicles is expected to be a major driver of growth for the Automotive Wire Harnessing Tape Market.
Automotive Wire Harnessing Tape Market Segment Insights:
Automotive Wire Harnessing Tape Market Material Insights
The market is segmented by material into polyimide, polyethylene terephthalate, polyester, PVC, and Teflon. In 2023, the polyimide segment accounted for the largest share of the market, and it is expected to continue to dominate over the forecast period.
Polyimide tapes are resistant to high temperature, provide excellent electrical insulation, and excellent chemical resistance, which make it is widely used in automotive application where harsh environment occurs. Like polyester, polyethylene terephthalate is expected to grow steadily over the forecast period, which can be explained with low price and characteristics of Einelektrika.
Polyester, which is used owing to its high strength in automotive applications, sculpt a major part of the market, which is also expected to grow stably however be replaced with PET segment in some applications. Demand for PVC tapes is also expected to grow at a moderate pace over the forecast period, mainly due to low price and characteristics of processing.
Tapes from the Teflon group are resistant to many chemicals and provide high temperature resistance, which is responsible for a presence in specialized automotive segment: high performance and racing vehicles, which sculpt the smallest part of the market. The growth of the market is driven by the growth of the automobile production, the increasing demand for lightweight and fuel-efficient vehicles, and the increasing adoption of advanced driver assistance systems.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Wire Harnessing Tape Market Tape Type Insights
The Automotive Wire Harnessing Tape Market is segmented by Tape Type into Adhesive Tapes, Non-Adhesive Tapes, High-Temperature Tapes, Low-Temperature Tapes, and ESD-Resistant Tapes. Adhesive Tapes is the largest segment in the Automotive Wire Harnessing Tape Market, responsible for generating over 55% of the Automotive Wire Harnessing Tape Market revenue in 2023. The rapid expansion of the Adhesive Tapes segment is a result of the rising worldwide demand for lightweight and fuel-efficient vehicles that require high-performance tapes to secure and protect the wire harnesses.Non-Adhesive Tapes will have the highest growth rate in the time period 2023-28 since they offer excellent electrical insulation and are much easier to use when compared to Adhesive Tapes. High-Temperature Tapes are specifically designed to withstand exceptionally high temperatures and are primarily used in extreme under-hood applications. Low-Temperature Tapes are formulated for harsh winter applications and maintain their performance even in very cold environments. ESD-Resistant Tapes are used to prevent electro-static discharge that will wreak havoc on the electronic components of the vehicles.
Automotive Wire Harnessing Tape Market Application Insights
The application segment of the Automotive Wire Harnessing Tape Market plays a crucial role in shaping the industry landscape. The segment comprises various applications, each with its unique requirements and growth dynamics. Key applications in this market include Insulation, Bundling, Protection, EMI Shielding, and Fire Resistance. Insulation remains a dominant application, accounting for a significant share of the Automotive Wire Harnessing Tape Market revenue. It involves wrapping wires with tape to prevent electrical shorts and ensure safe operation.Bundling, another important application, involves securing and organizing multiple wires together to enhance aesthetics and reduce clutter. Protection is another key application, with tapes used to safeguard wires from external factors such as abrasion, moisture, and chemicals. EMI Shielding, on the other hand, utilizes tapes to minimize electromagnetic interference, ensuring signal integrity and reducing noise in electronic systems. Fire Resistance tapes are also gaining traction due to their ability to prevent or slow down the spread of flames, improving safety in vehicles.These applications collectively drive the growth of the Automotive Wire Harnessing Tape Market, with each segment contributing to the overall market expansion.
Automotive Wire Harnessing Tape Market Regional Insights
The Automotive Wire Harnessing Tape Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest regional market, accounting for a significant share of the global market in 2023. The region is expected to continue to dominate the market during the forecast period, owing to the presence of major automotive manufacturers and increasing demand for lightweight and fuel-efficient vehicles. Europe is the second-largest regional market, driven by the growing automotive industry and stringent emission regulations.The APAC region is expected to witness the fastest growth during the forecast period, due to the rising automotive production in countries such as China and India. South America and MEA are expected to contribute a smaller share to the global market, but are expected to grow at a steady pace.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Wire Harnessing Tape Market Key Players and Competitive Insights:
Key participants in the automotive wire harnessing tape market are always trying to develop competitive advantages by investing in research and development, expanding their product portfolios, and creating strategic alliances.
Key manufacturers are continuously innovating and introducing new products to meet the changing needs of customers. The growing demand for lightweight and efficient vehicles and the increased use of advanced driver assistance and autonomous vehicles systems are boosting the automotive wire harnessing tape market growth.
3M is a major company that offers various high-performance wire harnessing tapes for the automotive industry. The company’s products are primarily used to wrap and protect wires and wire harnesses, providing electrical and mechanical insulation. They are characterized by their durability, reliability, and ease of use, and are popular with automotive companies worldwide.
3M has offices in every region of the world and a large group of engineers and technical professionals who work with customers to build custom solutions. In this way, the company retains a high market share and customer loyalty, especially in mature markets like the United States.
Nitto Denko, a tough competitor for the Automotive Wire Harnessing Tape Market, is one of the Automotive Wire Harnessing Tape Market Facilities major participants. The tape variety includes electrical, cloth, and heat-resistant tapes. The tapes are tailored to the harsh heat, moisture, and chemical conditions in which they are used to ensure longevity.
Nitto Denko offers a global network of manufacturing and distribution facilities to serve customers all over the planet. Strict implementation of all new innovations in the Automotive Wire Harnessing Tape Market by the corporation is also supported.
Key Companies in the Automotive Wire Harnessing Tape Market Include:
- Guangdong Hansheng Adhesive Products Co. Ltd
- SaintGobain
- Taizhou Tianhe New Material Technology Co. Ltd
- Shenzhen Aitaifu New Materials Co. Ltd
- Rogers Corporation
- 3M
- Scapa Group plc
- LINTEC Corporation
- Zhenjiang Dahua Special Adhesive Tape Co., Ltd
- JX Nippon Mining Metals Corporation
- Bishop Associates Inc
- Nitto Denko Corporation
- Tesa SE
- Avery Dennison Corporation
- Beijing Shengye New Material Technology Co., Ltd
Automotive Wire Harnessing Tape Market Developments
The Automotive Wire Harnessing Tape Market is projected to reach USD 12.42 billion by 2032, exhibiting a CAGR of 3.55% during the forecast period 2024-2032. Rising demand for lightweight and fuel-efficient vehicles is driving the market growth as wire harnessing tapes are used to bundle and protect wires in automotive applications.
Additionally, increasing adoption of advanced driver assistance systems (ADAS) and autonomous vehicles is creating new opportunities for market expansion. Key industry players are focusing on developing innovative tape solutions to meet the specific requirements of the automotive industry, such as high-temperature resistance, flame retardancy, and EMI shielding.
Automotive Wire Harnessing Tape Market Segmentation Insights
- Automotive Wire Harnessing Tape Market Material Outlook
- Polyimide
- Polyethylene Terephthalate (PET)
- Polyester
- Polyvinyl Chloride (PVC)
- Teflon
- Automotive Wire Harnessing Tape Market Tape Type Outlook
- Adhesive Tapes
- Non-Adhesive Tapes
- High-Temperature Tapes
- Low-Temperature Tapes
- ESD-Resistant Tapes
- Automotive Wire Harnessing Tape Market Application Outlook
- Insulation
- Bundling
- Protection
- EMI Shielding
- Fire Resistance
- Automotive Wire Harnessing Tape Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
8.76(USD Billion) |
| Market Size 2023 |
9.07(USD Billion) |
| Market Size 2032 |
12.42(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.55% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Guangdong Hansheng Adhesive Products Co., Ltd, SaintGobain, Taizhou Tianhe New Material Technology Co., Ltd, Shenzhen Aitaifu New Materials Co., Ltd, Rogers Corporation, 3M, Scapa Group plc, LINTEC Corporation, Zhenjiang Dahua Special Adhesive Tape Co., Ltd, JX Nippon Mining Metals Corporation, Bishop Associates Inc, Nitto Denko Corporation, Tesa SE, Avery Dennison Corporation, Beijing Shengye New Material Technology Co., Ltd |
| Segments Covered |
Material, Tape Type, Application, Regional |
| Key Market Opportunities |
Lightweighting Electrification Safety Regulations Autonomous Driving Integration of Electronics |
| Key Market Dynamics |
Increasing electric vehicle production Demand for lightweight and flexible tapes Growing focus on safety and reliability Advancements in tape technology Rising demand for customization |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Automotive Wire Harnessing Tape Market size was valued at USD 9.07 billion in 2023 and is projected to reach USD 12.42 billion by 2032, exhibiting a CAGR of 3.55%.
Factors driving market growth include rising automotive production, increasing demand for lightweight and fuel-efficient vehicles, and growing adoption of advanced driver-assistance systems (ADAS) and autonomous vehicles.
Asia Pacific is projected to dominate the market with a share of 40.5% in 2023, due to the presence of major automotive manufacturing hubs such as China, Japan, and South Korea.
Automotive wire harnessing tapes are used for bundling and protecting electrical wires in a variety of automotive applications, including engine compartments, interiors, and exteriors.
Key competitors include 3M, Tesa, Nitto Denko, Avery Dennison, and Scapa.
Challenges include fluctuating raw material prices, stringent environmental regulations, and the need for continuous innovation to meet evolving automotive industry requirements.
The market is expected to exhibit a CAGR of 3.55% from 2023 to 2032.
Emerging trends include the adoption of sustainable materials, the development of self-fusing tapes, and the integration of sensors and other electronic components into wire harnesses.
Technological advancements, such as the miniaturization of electronic components and the adoption of lightweight materials, are driving innovation in wire harnessing tapes.
Growth opportunities lie in the increasing demand for electric and hybrid vehicles, the expansion of the automotive aftermarket, and the growing adoption of autonomous driving technologies.
