In 2023, the wire harness tape market is anticipated to grow to US$ 249.1 Million. It is anticipated that it will continue to grow from 2023 to 2033 at a CAGR of 5.3%. By the end of 2033, the market is expected to be worth US$ 417.4 million, according to the analysis.
Many businesses benefit from cable harness tapes. The engine compartment and the exhaust system commonly expose cable sets to high temperatures. In order to protect these wires, many manufacturers opt for pricy, heat-resistant insulating materials.
By utilising tapes, the temperature in these cable harnesses can be lowered by up to 60%. Particularly for short parts that are exposed to thermal stress, this precise heat control technique is indicated. Costs can be reduced by doing the same thing in the effected wire harness without using insulating materials resistant to higher temperatures.
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Manufacturers are also providing heat-resistant adhesive tapes that may successfully bundle the cable harness in tight installation places with little airflow. Overall, the heat-controlling capacity of wire harness tapes would drive demand in the market.
The Key Players Are:
- 3M Company
- NITTO DENKO CORPORATION
- tesa SE
- Yongle (AVERY DENNISON CORPORATION)
- American Biltrite Inc.
- Adhesive Specialities
- Saint-Gobain S.A.
- Scapa Company
- others
Key Takeaways from the Wire Harness Tape Market Report
- Based on material, the plastic wire harness tape segment is expected to grow 1.5 times the current market value during 2023-2033.
- Rubber-based adhesive segment by adhesive type is set to increase 1.6x the current market value during the projection period from 2023 to 2033.
- By application, the power cable segment is anticipated to register a CAGR of 5.6% during 2023-2033.
- Sales of wire harness tapes are projected to expand at a CAGR of 6.0% during 2023-2033 in India.
- China wire harness tape market is likely to generate a share of around 63% in East Asia during the evaluation period.
“Increased demand for bundling solutions that can withstand extreme temperatures and environmental conditions in automotive and other industries would boost sales of wire harness tapes. Also, wire harness tapes offering good resistance to abrasion, moisture, and corrosion would gain high popularity among various end-use industries,” says an FMI analyst.
The growth of the automotive industry will bring new opportunities for manufacturers of wire harness tape.
The inside of cars and engine compartments both use wire harness tapes. Wire harness tapes are used in the automobile industry to offer the best possible wire harnessing for engine compartments and car interiors.
Due to the high flexibility of wire harness tapes, the harnesses can be swiftly and readily installed on any section of the car’s body. The wire tapes used in engine compartments must be extremely abrasion resistant, whilst the tape used in car interiors must dampen noise and vibration.
These factors can be ensured by using wire harness tapes. Increased production of cars and required components would propel the demand for wire harness tapes. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2021, around 80 million motor vehicles were produced in the world. This showcases that the demand for g wire harness tapes are projected to grow in the automotive industry.
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Competition Landscape: Wire Harness Tape Market
Key players operating in the global wire harness tape market are 3M Company, NITTO DENKO CORPORATION, tesa SE, Yongle (AVERY DENNISON CORPORATION), Saint-Gobain S.A., and Scapa Company. Also, some of the other noticeable players in the market include Coroplast Tape Corporation, Global Industries Corporation, ACHEM, American Biltrite Inc., Pro Tapes LLC, and others.
Wire Harness Tape Market Outlook by Category
By Material:
- Plastic
- Rubber
- Foam
- Metal (Foil)
By Adhesive Type:
- Acrylic-based
- Rubber-based
- Silicone-based
By Thickness:
- Less than 0.2 mm
- 0.2 – 0.3 mm
- Above 0.3 mm
By Application:
- Power Cables
- Communication Cables
- Industrial Cables
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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