The wire harness motor vehicles production in Malaysia has exhibited substantial growth over the years. From 2015's 7.15 million units, the production fluctuated with periods of significant decline, such as in 2016 (-28.99%), and remarkable rebounds, like in 2017 (29.89%). The more recent data shows a consistent increase, with 2023 marking a production volume of 11.11 million units, reflecting a 13.78% year-on-year growth and an impressive CAGR of 17.01% over the previous five years.
Looking forward, production is expected to continue rising, reaching 17.63 million units by 2028. With a forecasted 5-year CAGR of 6.97%, the industry is projected to grow by 40.03% over this period.
Future Trends to Watch:
• Adoption of electric and hybrid vehicles driving demand for advanced wire harness solutions.
• Increased local and regional investment in automotive manufacturing and infrastructure.
• Technological advancements in wire harness design for greater efficiency and reliability.
