India commercial vehicle wiring harness market seen doubling by 2031

A new Allied Market Research report projects India’s commercial vehicle wiring harness market will grow from $774.4 million in 2021 to $1.48 billion by 2031, driven by EV adoption, connected-vehicle features and infrastructure spending. Copper, ICE vehicles and commercial vehicles led the market in 2021, while high-voltage, electric vehicle and construction equipment segments are expected to gain ground.

Why it matters: - India’s commercial vehicle wiring harness market is on track to nearly double over the next decade, signaling stronger demand for electrical systems that support connected, efficient and feature-rich commercial vehicles. - The market’s growth points to opportunities across vehicle manufacturing, components, and infrastructure-linked industrial supply chains.

What happened: - Allied Market Research said the India commercial vehicle wiring harness market was valued at $774.4 million in 2021. - The firm projects the market will reach $1,477.8 million by 2031. - Allied Market Research forecasts a compound annual growth rate of 6.8% from 2022 to 2031. - The report covers the market by material, propulsion, vehicle type, voltage and application. - Get the research sample pages and table of contents. - Procure the complete research report. - Inquire before buying.

The details: - R&D activity, technology development and adoption of advanced wiring harness solutions are expected to support demand during the forecast period. - Demand for feature-packed vehicles in India is another growth driver. - Greater adoption of the internet of things is expected to create additional growth opportunities. - Furukawa Electric developed a 6,912-fiber ultra-thin fiber optic cable in July 2021, using 16-strand rollable thin ribbons and the S12M16 ribbon welder and related tools. - The Ministry of Road Transport and Highways of India announced a $92.4 billion investment for infrastructure projects in December 2021, to be spent over the next 2-3 years. - Dhoot Transmission acquired Bengaluru-based harness and panel maker San Electromec in February 2019 to expand its portfolio in railways, defense, construction and specialty vehicles. - Yazaki India said in July 2021 that it planned to set up a wire harness manufacturing unit in Manipur, India. - By material, copper led the market in 2021. - By propulsion, ICE vehicles generated the most revenue in 2021. - By vehicle type, commercial vehicles accounted for the largest share in 2021. - By voltage, low-voltage applications were the biggest revenue contributor in 2021. - By application, chassis was the leading segment in 2021.

Between the lines: - The report suggests the market is still anchored in conventional commercial vehicles, even as electric vehicles and high-voltage systems are positioned for faster growth. - Infrastructure spending and industrial expansion could lift demand for wiring harnesses beyond vehicle assembly alone. - The COVID-19 shock disrupted raw material availability, manufacturing output and automobile demand in India, but the report expects a rebound as restrictions ease and economic activity normalizes.

What’s next: - Allied Market Research expects aluminium, electric vehicles, construction equipment, high voltage and dashboard-and-cabin applications to post significant growth. - Market expansion will likely depend on continued vehicle electrification, manufacturing capacity additions and broader infrastructure investment.

The bottom line: - India’s commercial vehicle wiring harness market is growing from a base dominated by copper, ICE vehicles and low-voltage uses toward a more electrified and connected mix.