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Global Automotive Wiring Harness Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 1/12/2023
  • NO OF PAGES
  • 202
  • CATEGORY
  • Automotive & Transportation

Market Overview:

The global automotive wiring harness market refers to the market for the cables and wires that are used to transmit electrical signals in automobiles. These wiring harnesses are essential components of modern cars and are used to connect various electrical and electronic components such as sensors, lights, ignition systems, and infotainment systems.

The global automotive wiring harness market size was valued at USD 49,711.9 million in 2022 and is projected to grow at a CAGR of 3.8% during the forecast period. The growth of the market is driven by the increasing demand for advanced features and safety systems in automobiles, as well as the growing trend of electric and hybrid vehicles.

Market Dynamics:

Drivers:

Increasing demand for advanced features and safety systems in automobiles: The growing demand for advanced features and safety systems in automobiles, such as infotainment systems, advanced driver assistance systems, and airbags, is driving the demand for automotive wiring harnesses.

Growing trend of electric and hybrid vehicles: The increasing adoption of electric and hybrid vehicles is driving the demand for advanced wiring harnesses, as these vehicles require specialized wiring harnesses for their high-voltage electrical systems.

Technological advancements in wiring harnesses: The development of new technologies, such as lightweight and high-temperature-resistant wiring harnesses, is driving the demand for automotive wiring harnesses.

Restraint:

One of the major restraints for the global automotive wiring harness market is the increasing complexity of wiring harnesses. With the increasing demand for advanced features and safety systems in automobiles, the wiring harnesses have become more complex and sophisticated, which can increase the manufacturing and installation time and cost. Additionally, the increasing use of advanced materials and technologies in wiring harnesses can further add to their complexity and cost.

Regional Analysis:

The global automotive wiring harness market can be segmented into various regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Here is a brief regional analysis of the market:

North America: The North American region is a significant market for automotive wiring harnesses, driven by the presence of leading automotive manufacturers and suppliers in the region. The United States is the largest market in the region, owing to the high demand for advanced safety and infotainment systems in automobiles.

Europe: Europe is also a significant market for automotive wiring harnesses, owing to the presence of leading automotive manufacturers such as BMW, Daimler, and Volkswagen in the region. The market growth in Europe is driven by the increasing demand for electric and hybrid vehicles, which require advanced wiring harnesses.

Asia-Pacific: The Asia-Pacific region is the largest market for automotive wiring harnesses, driven by the high production of automobiles in countries such as China, India, and Japan. The increasing demand for electric and hybrid vehicles in the region is also driving the growth of the market.

Latin America: The Latin America region is a growing market for automotive wiring harnesses, driven by the increasing demand for advanced safety and infotainment systems in automobiles.

Middle East & Africa: The Middle East & Africa region is a small market for automotive wiring harnesses, but it is expected to grow in the coming years, owing to the increasing demand for electric and hybrid vehicles in the region.

Overall, the Asia-Pacific region is expected to dominate the global automotive wiring harness market during the forecast period, owing to the high production of automobiles in the region. However, the North American and European markets are also significant and are expected to show steady growth in the coming years.

Market Segmentation:

By Component: The market can be segmented into Connectors, Wires, Terminals, Others.

By Material Type: The market can be segmented into Copper, Aluminum, Others.

By Vehicle Type: The market can be segmented into Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles, and others.

By Application: The market can be segmented into Body Wiring Harness, Engine Wiring Harness, Chassis Wiring Harness, HVAC Wiring Harness, and others.

By Sales Channel: The market can be segmented into Original Equipment Manufacturers (OEMs) and Aftermarket.

By Region: The market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Segmenting the market based on these factors can help manufacturers and suppliers to identify the specific customer requirements and develop targeted strategies to cater to their needs. Additionally, it can help them to identify new market opportunities and expand their customer base.

Competitive Landscape:

The global automotive wiring harness market is highly competitive, with the presence of several major players operating globally.

Some of the key players in the market include:

Yazaki Corporation

Sumitomo Electric Industries, Ltd.

Aptiv PLC

Lear Corporation

Leoni AG

Fujikura Ltd.

Furukawa Electric Co., Ltd.

THB Group

Samvardhana Motherson Group

PKC Group

Others**

These companies are engaged in various strategies, such as mergers and acquisitions, collaborations, partnerships, and new product launches, to enhance their market presence and expand their customer base. Additionally, they are investing heavily in research and development activities to develop advanced and innovative products to meet the evolving customer requirements.

Moreover, the market is witnessing a trend of consolidation, with large players acquiring smaller players to expand their product portfolio and strengthen their market position. For instance, in 2021, Aptiv PLC acquired HellermannTyton Group, a leading provider of cable management solutions, to expand its portfolio of high-performance electrical solutions.

Overall, the global automotive wiring harness market is expected to remain highly competitive in the coming years, driven by the intense competition among the leading players and the increasing demand for advanced and innovative products.


Global Automotive Wiring Harness Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive Wiring Harness market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Automotive Wiring Harness market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive Wiring Harness would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Automotive Wiring Harness Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Automotive Wiring Harness Revenue
1.4 Market Analysis by Type
1.4.1 Global Automotive Wiring Harness Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Body Wiring Harness
1.4.3 Chassis Wiring Harness
1.4.4 Engine Wiring Harness
1.4.5 HVAC Wiring Harness
1.4.6 Speed Sensors Wiring Harness
1.5 Market by Application
1.5.1 Global Automotive Wiring Harness Market Share by Application: 2023-2032
1.5.2 Passenger Vehicle
1.5.3 Commercial Vehicle
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Automotive Wiring Harness Market
1.8.1 Global Automotive Wiring Harness Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Automotive Wiring Harness Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Automotive Wiring Harness Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Automotive Wiring Harness Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Automotive Wiring Harness Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Automotive Wiring Harness Sales Volume Market Share by Region (2017-2022)
3.2 Global Automotive Wiring Harness Sales Revenue Market Share by Region (2017-2022)
3.3 North America Automotive Wiring Harness Sales Volume
3.3.1 North America Automotive Wiring Harness Sales Volume Growth Rate (2017-2022)
3.3.2 North America Automotive Wiring Harness Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Automotive Wiring Harness Sales Volume
3.4.1 East Asia Automotive Wiring Harness Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Automotive Wiring Harness Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Automotive Wiring Harness Sales Volume (2017-2022)
3.5.1 Europe Automotive Wiring Harness Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Automotive Wiring Harness Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Automotive Wiring Harness Sales Volume (2017-2022)
3.6.1 South Asia Automotive Wiring Harness Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Automotive Wiring Harness Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Automotive Wiring Harness Sales Volume (2017-2022)
3.7.1 Southeast Asia Automotive Wiring Harness Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Automotive Wiring Harness Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Automotive Wiring Harness Sales Volume (2017-2022)
3.8.1 Middle East Automotive Wiring Harness Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Automotive Wiring Harness Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Automotive Wiring Harness Sales Volume (2017-2022)
3.9.1 Africa Automotive Wiring Harness Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Automotive Wiring Harness Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Automotive Wiring Harness Sales Volume (2017-2022)
3.10.1 Oceania Automotive Wiring Harness Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Automotive Wiring Harness Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Automotive Wiring Harness Sales Volume (2017-2022)
3.11.1 South America Automotive Wiring Harness Sales Volume Growth Rate (2017-2022)
3.11.2 South America Automotive Wiring Harness Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Automotive Wiring Harness Sales Volume (2017-2022)
3.12.1 Rest of the World Automotive Wiring Harness Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Automotive Wiring Harness Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Automotive Wiring Harness Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Automotive Wiring Harness Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Automotive Wiring Harness Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Automotive Wiring Harness Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Automotive Wiring Harness Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Automotive Wiring Harness Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Automotive Wiring Harness Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Automotive Wiring Harness Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Automotive Wiring Harness Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Automotive Wiring Harness Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Automotive Wiring Harness Sales Volume Market Share by Type (2017-2022)
14.2 Global Automotive Wiring Harness Sales Revenue Market Share by Type (2017-2022)
14.3 Global Automotive Wiring Harness Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Automotive Wiring Harness Consumption Volume by Application (2017-2022)
15.2 Global Automotive Wiring Harness Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Automotive Wiring Harness Business
16.1 Yazaki Corporation
16.1.1 Yazaki Corporation Company Profile
16.1.2 Yazaki Corporation Automotive Wiring Harness Product Specification
16.1.3 Yazaki Corporation Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Sumitomo
16.2.1 Sumitomo Company Profile
16.2.2 Sumitomo Automotive Wiring Harness Product Specification
16.2.3 Sumitomo Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 Delphi
16.3.1 Delphi Company Profile
16.3.2 Delphi Automotive Wiring Harness Product Specification
16.3.3 Delphi Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Leoni
16.4.1 Leoni Company Profile
16.4.2 Leoni Automotive Wiring Harness Product Specification
16.4.3 Leoni Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Lear
16.5.1 Lear Company Profile
16.5.2 Lear Automotive Wiring Harness Product Specification
16.5.3 Lear Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 Yura
16.6.1 Yura Company Profile
16.6.2 Yura Automotive Wiring Harness Product Specification
16.6.3 Yura Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Fujikura
16.7.1 Fujikura Company Profile
16.7.2 Fujikura Automotive Wiring Harness Product Specification
16.7.3 Fujikura Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 Furukawa Electric
16.8.1 Furukawa Electric Company Profile
16.8.2 Furukawa Electric Automotive Wiring Harness Product Specification
16.8.3 Furukawa Electric Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 PKC
16.9.1 PKC Company Profile
16.9.2 PKC Automotive Wiring Harness Product Specification
16.9.3 PKC Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Nexans Autoelectric
16.10.1 Nexans Autoelectric Company Profile
16.10.2 Nexans Autoelectric Automotive Wiring Harness Product Specification
16.10.3 Nexans Autoelectric Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 DRAXLMAIER
16.11.1 DRAXLMAIER Company Profile
16.11.2 DRAXLMAIER Automotive Wiring Harness Product Specification
16.11.3 DRAXLMAIER Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 Kromberg&Schubert
16.12.1 Kromberg&Schubert Company Profile
16.12.2 Kromberg&Schubert Automotive Wiring Harness Product Specification
16.12.3 Kromberg&Schubert Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.13 THB
16.13.1 THB Company Profile
16.13.2 THB Automotive Wiring Harness Product Specification
16.13.3 THB Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.14 Coroplast
16.14.1 Coroplast Company Profile
16.14.2 Coroplast Automotive Wiring Harness Product Specification
16.14.3 Coroplast Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.15 Coficab
16.15.1 Coficab Company Profile
16.15.2 Coficab Automotive Wiring Harness Product Specification
16.15.3 Coficab Automotive Wiring Harness Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Automotive Wiring Harness Manufacturing Cost Analysis
17.1 Automotive Wiring Harness Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Automotive Wiring Harness
17.4 Automotive Wiring Harness Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Automotive Wiring Harness Distributors List
18.3 Automotive Wiring Harness Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Automotive Wiring Harness (2023-2032)
20.2 Global Forecasted Revenue of Automotive Wiring Harness (2023-2032)
20.3 Global Forecasted Price of Automotive Wiring Harness (2017-2032)
20.4 Global Forecasted Production of Automotive Wiring Harness by Region (2023-2032)
20.4.1 North America Automotive Wiring Harness Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Automotive Wiring Harness Production, Revenue Forecast (2023-2032)
20.4.3 Europe Automotive Wiring Harness Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Automotive Wiring Harness Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Automotive Wiring Harness Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Automotive Wiring Harness Production, Revenue Forecast (2023-2032)
20.4.7 Africa Automotive Wiring Harness Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Automotive Wiring Harness Production, Revenue Forecast (2023-2032)
20.4.9 South America Automotive Wiring Harness Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Automotive Wiring Harness Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Automotive Wiring Harness by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Automotive Wiring Harness by Country
21.2 East Asia Market Forecasted Consumption of Automotive Wiring Harness by Country
21.3 Europe Market Forecasted Consumption of Automotive Wiring Harness by Countriy
21.4 South Asia Forecasted Consumption of Automotive Wiring Harness by Country
21.5 Southeast Asia Forecasted Consumption of Automotive Wiring Harness by Country
21.6 Middle East Forecasted Consumption of Automotive Wiring Harness by Country
21.7 Africa Forecasted Consumption of Automotive Wiring Harness by Country
21.8 Oceania Forecasted Consumption of Automotive Wiring Harness by Country
21.9 South America Forecasted Consumption of Automotive Wiring Harness by Country
21.10 Rest of the world Forecasted Consumption of Automotive Wiring Harness by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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