The global wire harness tape market is estimated to be around USD 269.7 million in 2024. With sales estimated to register a CAGR of 4.6% over the forecast period. The market valuation is envisioned to reach USD 422.9 million by 2034. The demand for electric vehicles is driving a 1.3-fold growth in the industry due to the demand for modifications in electrical instruments.
The structured network of wires, connectors, and terminals that run throughout a car to convey power and data are bundled neatly and protected by automotive wire harness tape, a specialty material. It is essential to the functioning of the vehicle's different systems and to maintain its safety.
For the foreseeable future, a stable development trajectory is projected in the global automotive wire harness tape market. The main factors for the increased production are the ongoing progress made in research and development and the growing need for wire harness tape in the automobile industry.
The forecasted price variations of raw materials are anticipated to provide obstacles to the development of the wire harness tape market. Such price swings may have an effect on the dynamics of the market as a whole and give suppliers and manufacturers cause for concern.
The automotive industry is increasingly employing wire harness tapes for a variety of applications, including security labeling, attachment part mounting, cable mounting, interior mounting, and hole covering, which is anticipated to propel market growth. Furthermore, the growing integration of advanced features in automobiles and the increasing car production are contributing to the escalating demand for wire harness tapes.
The budding applications in the electronic industry are presenting market opportunities for heat-resistant and flame-retardant wire harness tapes in the development of novel gadgets.
Global wire harness tape industry overview has displayed the volatility in the adoption of the tapes in the limited sectors such as automobile and electronic sectors. The demand for wire harness tapes is envisioned to rise due to the need for secure connections between electrical components. These tapes protect wires and cables from environmental factors like moisture, dust, and vibration, reducing the risk of short circuits.
| Attributes | Description |
|---|---|
| Estimated Global Wire Harness Tape Market Size (2024E) | USD 269.7 million |
| Projected Global Wire Harness Tape Market Value (2034F) | USD 422.9 million |
| Value-based CAGR (2024 to 2034) | 4.6% |
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Rise in the Demand for Electronic Vehicles
The automotive wire harness tape market is experiencing growth due to the rising demand for automotive wire harness tape for various applications such as the car interior, engine compartment, dashboard, floor, airbags, seat belts, and others on a global scale. One notable trend in the wire harness tape market is its increasing use in the production of electric vehicles.
As per the analysis of wire harness tape materials for durability and insulation, the tapes are ideal for the production of automobiles with multiple electronic circuits. The key players in the wire harness tape industry are developing novel tapes with different materials and adhesives according to the applications of the tapes in the production process of the electronic vehicles industry.
Trend of Car Customization
The current customer base primarily comprises millennials, with GenZ gaining traction in the realm of vehicle customization. Enthusiasts are driving innovation in engine, wiring, and interior enhancements for automobiles. The integration of wire harness tape in automotive wire harness assemblies presents an attractive prospect for vehicle customization. More youthful consumers are revitalizing vintage cars, imbuing them with a dynamic and futuristic appeal. The evolution of custom exterior and interior designs for vehicles underscores the growth in the market for wire harness tapes.
To sum up, in contemporary automobile wiring systems, wire harness tapes are essential. Car designers and developers rely on wire harness tapes to help them stay competitive in a difficult market by providing binding protection, organization, and efficiency benefits.
Inflating Raw Material Price and Chances of Electronic Failure to Hamper Adoption
The wire harness tape market is expected to be hindered by volatility in raw material prices. Along with that, the wiring harness failures in automobiles can cause electrical issues, causing battery, lights, alternator, non-functional lights, and ignition failure. Such concerns can also cause the harness to bend, reducing its lifespan and causing further damage.
The adoption of wire harness tapes aids in bundling and organizing wires and cables, making installation and maintenance easier. The demand for electronic devices and reliable connections is anticipated to propel the demand for wire harness tapes in the period of 2018 to 2023.
The industry in the period between 2018 to 2023 exhibited a CAGR of 3.3%. During the period of the pandemic, the sales of wire harness tapes were impacted due to the partial production of electronic vehicles and electronic gadgets. Subsequently, the demand for wire harness tapes has shown restricted applications in these sectors for a limited period. During the historical period and generated a market value of USD 256.9 million in 2023 from base valuation of USD 218.4 million in 2018.
The environmental sustainability considerations in wire harness tape production are augmenting the automobile production segment. The demand for plastic wire harness tape is developing in the early period of 2024 from the electronic vehicle industry. The growth factors influencing the wire harness tape market in the forecast period of 2024 to 2024 are the growing applications of electronic circuitry in several sectors.
The aerospace sector has also developed the demand for automotive wire harness tapes in the designing and assembly of spacecraft and aircraft. The lightweight nature and cost-effectiveness of wire harness tapes are also anticipated to push the demand during the evaluation period.
Principal Consultant
The wire harness tape sector is augmenting the demand based on various factors across the globe. In 2024, on the basis of adhesive type, rubber-based tapes are in demand, whereas the electrical and electronics industry is developing a larger consumer base for wire harness tapes.
The majority of the general population shows a strong preference for rubber-based wire harness tapes. It is projected that in 2024, these types of adhesive will account for 49.3% of the revenue share in the global market.
| Segment | Rubber-based (Adhesive Type) |
|---|---|
| Value Share (2024) | 49.3% |
Rubber, vinyl, electrical tape, conduit, or a blend of these materials are used to bind wires together in a wiring harness, which is an arrangement of cables used to carry electrical power or messages.
The demand for rubber-based adhesives is projected to experience a significant surge within the wire harness tape industry. This type of tape is widely utilized across various sectors for diverse purposes, such as insulation, protection against abrasion, and resistance to moisture. As a result, the need for rubber-based wire harness tape is anticipated to exhibit rapid growth over the forecast period.
On account of end use, the wire harness tapes industry is applied in multiple sectors. Among these, the electrical and electronics segment holds an industry share of 34.1% in 2024.
| Segment | Electrical and Electronics (End Use) |
|---|---|
| Value Share (2024) | 34.1% |
The increasing demand for electrical and electronic devices is a key aspect of the growth of the automotive wiring harness market. The expanding electrical and electronics industry is also foreseen to boost the demand for wire harness tapes, which are widely used for insulation, abrasion resistance, and moisture resistance in various applications.
Hence, the wire harness tape market is anticipated to experience rapid growth in the forecast period. The growing demand for electric vehicles (EVs) in developing regions is projected further to accelerate the market expansion within the specified time frame.
The section discusses the region-wise analysis of the wire harness tape industry. Information on key countries in several parts of the globe, including North America, Asia Pacific, Europe, and others, is provided. The United States is anticipated to remain at the forefront in North America, with a CAGR of 2.9% through 2034. In South Asia and Pacific, India is projected to witness a CAGR of 6.7% by 2034, leaving behind China at 5.9%.
| Countries | CAGR 2024 to 2034 |
|---|---|
| United States | 2.9% |
| Canada | 2.6% |
| United Kingdom | 2.8% |
| Germany | 2.4% |
| China | 5.9% |
| India | 6.7% |
The Indian wire harness tape industry is very likely to exhibit a healthy CAGR of 6.7% through 2034. Because of foreign producers, products are quite popular in the Indian market. India can provide resources and a large consumer base to the telecom business as a growing nation. The nation's technological developments are at an all-time high, enabling the sector to push limits.
More and more Indian enterprises are involved in the construction of underwater communication cables; the majority of these marine cables are being stretched across oceans. According to the National Maritime Foundation, there are four more proposed cable additions throughout the nation's maritime range. The wire harness tape sector may find new prospects as a result of the expansion of communication cables, which are utilized by wire harness tapes, in India.
China is also one of the most prominent countries when it comes to the wire harness tape industry. It is very likely to register a CAGR of 5.9% through 2034. China, the world's largest manufacturer in various industries, is dominated by its low labor cost and advanced innovation and technology, making it the preferred manufacturing hub globally.
China is the world's top producer of silicon, owing to its skilled labor force and strong supply chain. This dominance in silicon manufacturing will ease production in the wire harness tapes sector, as easy availability of adhesive strengthens manufacturers' production capacity. As such, Chinese industries are envisioned to propel growth in the market for wire harness tapes.
The United States wire harness tape industry is slated to show a 2.9% CAGR for the forecast period of 2024 to 2034. The United States boasts one of the world's largest automotive markets. As the demand for electric vehicles continues to rise in the country, there is a growing need for wire harness tapes.
Market players in the automobile industry are innovating and creating new applications for plastic wire harness tapes in the manufacturing of various car components such as car interiors, engine compartments, dashboards, floors, airbags, seat belts, and others. The advancement in car manufacturing in the United States is heavily reliant on cutting-edge research and development in the wire harness tape industry.
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Key players in the wire harness tape industry are focusing on creating cutting-edge goods from environmentally friendly and sustainable materials. Top manufacturers will be able to meet strict environmental laws in addition to increasing sales in the automobile and aerospace industries.
Enterprises are always coming up with new wire harness tapes that have better properties, such as increased heat resistance, chemical resistance, and strength, to meet the various demands of various automotive and electronics applications.
In order to fulfill the demand, major companies in the wire harness tape industry are improving their skills with the goal of boosting sales and income, augmenting the market size of wire harness tapes. A few of the major firms are using the acquisition method in an attempt to raise resources. In order to satisfy the strong demand from customers, they are also launching new products. The companies are also focusing on modernizing their facilities in order to increase their production capabilities.
Industry Updates
In November 2023, New York-based Saint-Gobain Tape Solutions introduced new automotive assembly technologies, including Norbond Z2000 acrylic tapes, ensuring long-lasting adhesion for complex surfaces.
In 2023, Yongle Tape, headquartered in China, introduced a new line of eco-friendly wire harness tapes aimed at reducing environmental impact.
The market is segmented by backing type, with options including PVC backing, cloth backing, polyester backing, and foil backing.
In terms of adhesive type, the market is trifurcated into acrylic-based, rubber-based, and silicone-based.
Based on end use of tapes, the industries such as automotive, transport, aerospace, marine and shipbuilding, building and construction, electrical and electronics, and DIY activities gains the upper hand.
As per region, the industry is divided into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.
The global valuation is USD 269.7 million as of 2024.
The market is expected to reach USD 422.9 million by 2034.
The market will be registering a CAGR of 4.6% from 2024 to 2034.
3M company, NITTO DENKO Corporation, Tesa SE, and Yongle (Avery Dennison Corporation) are some of the major players.
In 2023, the global market was valued at USD 256.9 million.
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
6.1. Material
6.2. Adhesive Type
6.3. Thickness
6.4. Application
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material
7.1. Plastic
7.2. Rubber
7.3. Foam
7.4. Metal (Foil)
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Adhesive Type
8.1. Acrylic-Based
8.2. Rubber-Based
8.3. Silicone-Based
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness
9.1. Less than 0.2 mm
9.2. 0.2 - 0.3 mm
9.3. Above 0.3 mm
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
10.1. Power Cables
10.2. Communication Cables
10.3. Industrial Cables
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
11.1. North America
11.2. Latin America
11.3. Western Europe
11.4. South Asia
11.5. East Asia
11.6. Eastern Europe
11.7. Middle East & Africa
12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
15. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
17. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
19. Sales Forecast 2024 to 2034 by Material, Adhesive Type, Thickness, and Application for 30 Countries
20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
21. Company Profile
21.1. 3M Company
21.2. NITTO DENKO CORPORATION
21.3. Tesa SE
21.4. American Biltrite Inc.
21.5. Adhesive Specialities
21.6. Saint-Gobain S.A.
21.7. Scapa Company
21.8. Coroplast Tape Corporation
21.9. Bron Tapes, Inc.
21.10. Jacobs Industries
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Wire Harness Tape Market
