These include a layer of fleece and cloth to bundle wires together in the vehicle’s body.įMI states that rubber-based adhesives are expected to gain immense popularity in the field of wire harness tapes. These new tapes are considered to be the first of their kind in the wire harness sector. In December 2022, for instance, tesa, a leading manufacturer of adhesive tapes, launched its 51036 PV76 and PV78 wire harness sleeves under its SuperSleeveplus tape family.

Many automakers are thus preferring these tapes for incorporation into their vehicles. The lightweight nature and cost-effectiveness of wire harness tapes are also anticipated to drive the market during the evaluation period. It brought the total number of electric vehicles on the road to around 16.5 million. More than that many were sold every week in 2021. Only 120,000 electric vehicles were sold across the globe back in 2012. Owing to the rising shift of consumers towards lowering environmental pollution, electric vehicle makers have surged their production capacities in recent years.Īs per the International Energy Agency (IEA), in 2021, global sales of electric vehicles doubled, as compared to the previous year to a new height of 6.6 million. Increasing demand for vehicle electrification and raising awareness about the safety of vehicles are projected to drive the need for wire harness tapes in the next ten years. The market is expected to increase 1.8 times the current value during the forecast period on the back of the high demand for electric vehicles across the globe. Significantly rising demand for electrical instruments has increased the demand for wire harness tapes. With the propelling demand from various industries, the global wire harness tape market is anticipated to create an incremental opportunity of US$ 180.2 Million from 2023 to 2033. The top 5 manufacturers of wire harness tapes are anticipated to occupy around 20-25% of the global market in 2022.Īccording to the FMI analysis, the market for wire harness tapes reached US$ 237.2 Million in 2022. The report mentions that the market is predicted to be valued at US$ 417.4 Million by the end of 2033. It is projected to further expand at a CAGR of 5.3% throughout the projection period from 2023 to 2033.

The global wire harness tape market is likely to be supplemented at US$ 249.1 Million in 2023. Wire Harness Tape Market Outlook (2023 to 2033)

Wire harness tape