Market Share of Automotive Wiring Harness Industry
The Automotive Wiring Harness Market is highly consolidated, with global and very few local players dominating the market. Some of the major players in the market are Sumitomo Corporation, Aptiv Plc, Yazaki Corporation, Motherson Group, Leoni AG, and Lear Corporation. The market concentration can be considered to be medium-level competitive.
Different wiring harness manufacturers are prominent in other control systems of vehicles. Leoni AG group specializes in wires, wiring systems, and optical fibers for the automotive market. Leoni generates about 45% of its sales only in the EMEA region. To gain a considerable edge over other players in the market, many companies are forming partnerships to bring the latest features to their products and expand their production capacities.
For instance, in June 2022, Yazaki Corporation announced to set up a pilot production facility in Guatemala at Ayutla in the San Marcos Department. The plant will likely be set up at an investment of USD 10 million, will employ 1,000 people, and is expected to be operational by January 2023.
Automotive Wiring Harness Market Leaders
Sumitomo Corporation
Lear Corporation
Aptiv Plc
Yazaki Corporation
Leoni AG
*Disclaimer: Major Players sorted in no particular order
