Wiring Harness Market Share, Size, Industry Trends, Forecast (2018-23)
Wiring Harness Market Share, Size - Segmentation by Application (Body Wiring Harness, Engine Wiring Harness, Dashboard/Cabin Wiring Harness, Door Wiring Harness, Chassis Wiring Harness), Wire, Vehicle and by Geography - Growth, Trends, and Forecast (2019 - 2024)

PUBLISHED

SEP 2018

Wiring Harness Market Share, Size - Segmentation by Application (Body Wiring Harness, Engine Wiring Harness, Dashboard/Cabin Wiring Harness, Door Wiring Harness, Chassis Wiring Harness), Wire, Vehicle and by Geography - Growth, Trends, and Forecast (2019 - 2024)

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Wiring Harness Market 

The global automotive wiring harness market was valued at USD 73.89 billion in 2017 and is anticipated to reach USD 107.15 billion by 2023, registering a CAGR of 6.39% over the forecast period of 2018-2023. In both the recent past and the present, the use of wiring harness in automotive has been going through tremendous technological developments. Different new environment-friendly technologies along with the features of safety and comfort are applied to recent cars. For instance; high-voltage wiring harness systems for HEVs and EVs and weight-saving wiring harnesses systems designed to increase fuel efficiency, are attracting strong demand.

Wiring Harness Market

Source: Mordor Intelligence Analysis

Increased Automation Will Drive the Market

As the assembly of wiring harnesses is majorly performed manually in the automotive industry, which causes high labour costs and also there are very high chances of mistake or imperfection. For reducing these disadvantages, both industry and research undertook massive efforts to enhance the automation in the assembly of wiring harness modules. Fully automated crimping and block loading machines are already being successfully used in the industry for automated assembly of small wiring harnesses. In the past, weight savings and thinning of automotive wires have been achieved through contraption, majorly for thinning insulation material and devising conductor structures, which includes circular compressed structure. However, the industry requires newer techniques for the making the market more profitable and efficient.

Growing Demand for Aluminum Wiring Harness

The government of United States, China, France, and Germany has already implemented government laws and regulations for vehicular emission, and have commanded automobile manufacturers to use advanced technologies to combat high emission levels in vehicles. The emission level majorly depends on the overall weight of the car. Aluminum is used for vehicle electrification for reducing the overall weight of the vehicle, which leads to enhancement in fuel economy and reduces the CO2 emissions. The lightweight property of aluminum is making aluminum more demanding than copper. Along with the large cross-section wires for power cables, where aluminum conductors are already in use, the intermediate aluminum cable cross section of 2.5 mm2 to 6.0 mm2 gives enhanced potential for vehicle implementation to achieve weight-saving targets.

Key Developments in the Wiring Harness Market 

  • May 2018: Sumitomo Electric Industries Ltd announced its formulation of the Vision 2022 mid-term management plan. The plan had the concept of "contributing to a better society by leveraging Sumitomo Electric's expertise in connectivity and transmission technologies through concerted efforts of the entire group”.
  • December 2017: Aptiv, Valens working to slash car wiring.

Wiring Harness Market Major Players:

  • Leoni AG
  • Yazaki Corporation
  • Sumitomo Electric Industries Ltd
  • Motherson Sumi Systems Ltd
  • Furukawa Electric Co. Ltd

Reasons to Purchase Wiring Harness Market Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The vehicle type that is expected to dominate the market
  • The countries that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

                1.1 Scope of the Market

                1.2 Executive Summary

2. Research Methodology

                2.1 Study Deliverables

                2.2 Study Assumptions

                2.3 Research Phases

3. Wiring Harness Market Insights

                3.1 Current Market Scenario

                3.2 Industry Attractiveness - Porter's Five Force Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

                3.3 Technological Trends

                3.4 Manufacturing Standards

4. Market Dynamics

                4.1 Wiring Harness Market Drivers

                                4.1.1 Increasing Market Penetration of Electronics in Automobiles

                                4.1.2 Rising Demand for Hybrid and Electric Vehicles

                4.2 Wiring Harness Market Restraints

                                4.2.1 Rising Demand for Wireless Technology

                4.3 Wiring Harness Market Opportunities

                                4.3.1 High-Growth Potential in Emerging Markets

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

                5.1 Wiring Harness Market By Application Type

                                5.1.1 Powertrain

                                5.1.2 Comfort, Convenience, and Entertainment

                                5.1.3 Safety and Security

                                5.1.4 Body Wiring

                5.2 Wiring Harness Market By Wire Type

                                5.2.1 Copper

                                5.2.2 Aluminum

                5.3 Wiring Harness Market By Vehicle Type

                                5.3.1 Passenger Car

                                                5.3.1.1 IC Engine Vehicle

                                                5.3.1.2 Electric Vehicle

                                5.3.2 Commercial Vehicle

                                                5.3.2.1 IC Engine Vehicle

                                                5.3.2.2 Electric Vehicle

6. Wiring Harness Market Regional Analysis (Market Size, Growth, and Forecast)

                6.1 North America

                                6.1.1 United States

                                6.1.2 Canada

                                6.1.3 Mexico

                                6.1.4 Rest of North America

                6.2 Europe

                                6.2.1 Spain

                                6.2.2 United Kingdom

                                6.2.3 Germany

                                6.2.4 Russia

                                6.2.5 France

                                6.2.6 Rest of Europe

                6.3 Asia-Pacific

                                6.3.1 China

                                6.3.2 India

                                6.3.3 Japan

                                6.3.4 Rest of the Asia-Pacific

                6.4 Rest of the World

                                6.4.1 South America

                                6.4.2 Middle-East and Africa

7. Future of the Wiring Harness Market 

8. Wiring Harness Market Competitive Landscape

                8.1 Introduction

                8.2 Market Share Analysis**

9. Wiring Harness Market Companies Overview, Financials**, Products & Services, and Recent Developments)

                9.1 LEONI AG

                9.2 Yazaki Corporation

                9.3 Aptiv PLC

                9.4 Sumitomo Electric Industries Ltd

                9.5 Lear Corporation

                9.6 Motherson Sumi Systems Ltd

                9.7 Furukawa Electric Co. Ltd

                9.8 Fujikura Ltd

                9.9 Coroplast Fritz Müller GmbH & Co

                9.10 Jiangsu Kyungshin Electronic Co. Ltd

                9.11 Nexans

                9.12 THB Group

                *List not Exhaustive

10. Disclaimer

**Subject to Availability on Public Domain

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