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The switchover of passenger and commercial cars in industrialised countries from internal combustion engines to electric powertrains will increase the demand for wiring harnesses.
One of the most significant economic sectors in the world is the automotive industry. The usage of an automobile wire harness was not required in the beginning when cars just had mechanical parts.
Today’s cars come with electronic parts that can do more and more tasks every day in addition to the fundamental functions of moving, turning, and stopping. For the purpose of managing these electronic components, wiring harnesses are essential.
Automotive wire harnesses come in a huge variety, are typically made to order, and are tailored precisely for each car. Numerous production variants result in longer workdays and higher rework, inventory, and manufacturing expenses.
The Germany EV Wiring Harness Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2029, registering a CAGR of XX% from 2024 to 2030.
German automakers Volkswagen, BMW, and Porsche are having difficulty locating essential wire harnesses since their suppliers in western Ukraine have shut down due to the Russian invasion, which has forced them to reduce output.
The Volkswagen Group no longer makes electric vehicles in Germany that are MEB-based. Due to a serious shortage of parts, particularly wire harnesses, brought on by the Russian invasion of Ukraine, where suppliers were situated, the Volkswagen Group has suffered greatly.
