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Eco Friendly Low VOC Automotive Wiring Harness Tape Market Analysis

  • Report ID: GMI11697
  • Published Date: Oct 2024
  • Report Format: PDF

Eco Friendly Low VOC Automotive Wiring Harness Tape Market Analysis

Based on product, the market is divided into passenger cars, commercial vehicles, and two wheelers. The passenger cars held a market share of over 60% in 2023 and is expected to cross USD 400 million by 2032. As Advanced Driver Assistance Systems (ADAS) such as autonomous driving, lane assist, and adaptive cruise control become more common in passenger cars, the wiring in these cars is getting more complex. This increases the need for reliable, durable, and eco-friendly wiring harness tapes.
 

Automakers also face pressure to improve fuel efficiency and reduce CO emissions. Lightweight, eco-friendly tapes, which are lighter than traditional PVC tapes, help reduce vehicle weight. This is especially important for passenger cars, where fuel efficiency is a key selling factor.
 

Eco Friendly Low VOC Automotive Wiring Harness Tape Market, By Application, 2023

Based on application, the eco friendly low VOC automotive wiring harness tape market is divided into engine compartment, cabin, chassis, battery & powertrain, interior & exterior wiring harness and others. The engine compartment segment is expected to hold around 27% share in 2023. Engine compartments experience extreme temperatures and harsh conditions. The need for wiring harness tapes that can withstand these high temperatures while being eco-friendly drives demand for low VOC options. These tapes, with better thermal stability, are suitable for engine compartments.
 

Furthermore, the growth of hybrid and electric vehicles, which have complex electrical and battery systems, further increases the demand for reliable, eco-friendly wiring solutions that reduce harmful emissions.
 

China Eco Friendly Low VOC Automotive Wiring Harness Tape Market, 2022 -2032, (USD Million)

Asia Pacific dominates the global eco-friendly low VOC automotive wiring harness tape market with over 45% share in 2023. The rapid urbanization and rising car ownership in India and Southeast Asia drive the growth of the market in the region. This surge in automotive demand drives the need for sustainable materials, including eco-friendly wiring harness tapes, to meet growing environmental concerns and regulatory requirements. China's leading role in electric vehicle production and sales further increases demand for advanced eco-friendly tapes, as manufacturers seek to align with sustainability goals while integrating complex electrical systems.
 

In Europe, sustainability is a top priority for consumers and regulators. The European Union's strict environmental policies require automakers to use low VOC wiring harness tapes. Significant investments in green technology research and development are driving innovations in eco-friendly materials, meeting modern vehicle demands and promoting environmental responsibility.
 

North American consumers are increasingly choosing eco-friendly products, pushing automakers to use low VOC wiring harness tapes. Rising fuel prices and environmental concerns highlight the need for fuel-efficient vehicles. Lightweight, eco-friendly wiring harness tapes help reduce vehicle weight, improving fuel efficiency and meeting both regulatory standards and consumer expectations.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for eco-friendly, low VOC automotive wiring harness tape reached USD 470.5 million in 2023 and is anticipated to grow at a CAGR of 5.6% from 2024 to 2032.

Passenger cars held a market share of over 60% in 2023 and are expected to surpass USD 400 million by 2032. The increasing complexity of wiring systems in passenger cars, driven by the adoption of Advanced Driver Assistance Systems (ADAS), fuels this demand.

The engine compartment segment is expected to hold around 27% share in 2023. The need for wiring harness tapes that can withstand high temperatures and harsh conditions while being eco-friendly drives demand for low VOC options in this segment.

Asia Pacific dominates the market with over 45% share in 2023. Rapid urbanization and rising car ownership in India and Southeast Asia, along with China's leading role in electric vehicle production, drive this dominance.

Eco Friendly Low VOC Automotive Wiring Harness Tape Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 400
  • Countries covered: 21
  • Pages: 250
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