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Vehicle Wiring Harness Market - Forecast(2023 - 2028)
Vehicle Wiring Harness Market Overview
The global Vehicle Wiring Harness Market is estimated to surpass $51.2 billion mark by 2026 growing at an estimated CAGR of more than 3.3% during the forecast period 2021 to 2026. Key drivers for Vehicle Wiring Harness segment were the increase in the number of electronic components used in cars and the increase in demand for automotive safety systems. From the last decades the increasing use of electrical components in the engine and gearbox compartment is projected to increase demand for Vehicle Wiring Harness over the forecast period. Autonomous driving and the increasing electrification of vehicles not only bring stricter safety and quality requirements for manufacturers of wiring harnesses – they are also confronted with new types of wiring harnesses as well.
Vehicle Wiring Harness Market Report Coverage
The report: “Vehicle Wiring Harness Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Vehicle Wiring Harness Market.
By Material: Metal (Copper, Aluminium and Others), Optical Fiber(Plastic, Glass and Others)
By Wire Protection Types: Shielded, Heat Resistant and Unshielded
By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
By Application: Engine, Chassis, Body and Lighting, HVAC, Dashboard/Cabin, Battery, Seat, Door and Others
By Transmission Type: Electrical Wiring, Data Transmission
By Vehicle Fuel Type: ICE Vehicles, Electric Vehicles, Hybrid Vehicles
By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).
Key Takeaways
- There is an industry-wide imperative to design lighter, more fuel-efficient cars. This has a bearing on conductor specifications and wiring harness design
- As the available space stays the same, miniaturization plays an important role on the one hand, and multi-function on the other.
- There are a rising number of electronic interfaces throughout the drive train and control systems, plus inside the passenger compartment. This is increasing the number and complexity of harnesses in vehicles.
Vehicle Wiring Harness Market Segment Analysis - By Material
Metals driven by adoption of copper wiring dominated the market in 2020. However, the optical fiber market is projected to witness significant growth and play a key role during the forecast period. The growing demand for high-speed data transmission from vehicle manufacturers is driving the market for optical fiber cables in vehicles. Copper may not suffice the requirements of upcoming functions and technologies. Optical fiber cables have a relatively higher speed than copper and other materials. Optical fiber cables held an extremely low share of the market in 2020, but with increasing demand for high-tech features like ADAS, augmented dashboards, automatic gear box, and automatic door locking in ICE and electric vehicles, the demand for optical fiber cables is likely to boost in future.
Vehicle Wiring Harness Market Segment Analysis - By Vehicle Type
The passenger vehicles sector dominates the Vehicle Wiring Harness market driven by significant adoption in luxury and high end vehicles. Key drivers for Vehicle Wiring Harness segment were the increase in the number of electronic components used in cars and the increase in demand for automotive safety systems. From the last decades the increasing use of electrical components in the engine and gearbox compartment is projected to increase demand for Vehicle Wiring Harness over the forecast period. This is especially prevalent in Commercial vehicles where the number of electronic components is rising at a significant rate.
Vehicle Wiring Harness Market Segment Analysis - By Geography
APAC remains the major market for Vehicle Wiring Harness driven by significant automotive production in the region. Despite the effect of Covid-19, China will remain the major market for Vehicle Wiring Harness in the APAC market. It is expected that the demand profile for vehicle sales in China is promising in the medium to long term, and that the country will remain the largest car market in the world in the coming future, directly increasing the growth of the Asia-Pacific’s Vehicle Wiring Harness market. Automotive OEMs need to change their manufacturing and customer base footprints, supply chains, and product offerings to growing geographic and segment supply and demand patterns; and the evolving Chinese after-sales market offers new growth opportunities.
Vehicle Wiring Harness Market Drivers
Installation and Easy Handling Benefits
Thin wiring cable is easier to handle and install when making connections. Now a days manufacture are offering thinner and has a smaller size cables, making it easier to handle and move manually. It is also highly flexible and ensures that the installation surface does not break or shave as the cable is twisted and distorted, that makes it much easier to control and feed the cable through confined spaces and ducts while dealing with vehicles. Many wires are built in a vehicle and then, consider installing only one device that incorporates many cables. Installing a single unit is obviously very quick compared to multiple units. Moreover, this also reduces the risks of incorrect wiring possibilities.
Rising Miniaturization driving automation of manufacturing process
As vehicles are increasingly being fitted out with electric parts and IT components, an increasing number of highly specialized wiring harnesses are required. These harnesses are characterized by their complexity and an increasing degree of miniaturization. These two challenges can only be met with the help of special machines. As a result, more and more manufacturers of wiring harnesses for the automotive industry will be using machines that have been designed specifically for the automated processing of wires and cables.
Vehicle Wiring Harness Market Challenges
High Voltage Wiring Presents issues
There has been a rising production of 48V wiring harnesses as a result of increased battery wiring in Electric and Hybrid vehicles. The production of these high-voltage systems means manufacturers are faced with a challenge on two fronts. On one hand, they have to get to grips with a new technology. On the other hand, 48 V systems are still usually only manufactured in small batches. The strict safety standards associated with this technology coupled with the need for economic production demands highly automated, digitized manufacturing.
Vehicle Wiring Harness Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Vehicle Wiring Harness Market. Acitome, Sumitomo Electric, Furukawa Electric, Delphi Automotive, Yazaki and others are considered to be the key players of the Vehicle Wiring Harness Market
Acquisitions/Technology Launches/Partnerships
Standard Motor Products is set to Acquire General Cable’s Automotive Ignition Wire Business. The acquisition will include the purchase of General Cable’s automotive ignition wire business in North America, as well as a subsidiary in Mexico.
Motherson Sumi acquires Stoneridge’s wiring harness business for $65.7 Mn. The deal would cover six manufacturing facilities that were located in Portland, Indiana in the US, Chihuahua, Saltillo and Monclova, in Mexico and an engineering and administrative center in Warren, Ohio, in the US.
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1. Vehicle Wiring Harness Market - Overview
1.1 Definitions and Scope
2. Vehicle Wiring Harness Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Vehicle Wiring Harness Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Vehicle Wiring Harness Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Vehicle Wiring Harness Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Vehicle Wiring Harness Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Vehicle Wiring Harness Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Vehicle Wiring Harness Market - By Product Type(Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
9. Vehicle Wiring Harness Market - By Type(Market Size -$Million / $Billion)
9.1 Major Manufacturers Introduction
9.1.1 Manufacturers List
9.1.1.1 Future Strategic Planning
10. Vehicle Wiring Harness - By Application Type(Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
11. Vehicle Wiring Harness- By Geography (Market Size -$Million / $Billion)
11.1 Vehicle Wiring Harness Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Vehicle Wiring Harness- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Vehicle Wiring Harness- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Vehicle Wiring Harness - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Vehicle Wiring Harness - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Vehicle Wiring Harness Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Vehicle Wiring Harness Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Vehicle Wiring Harness Market - Key Company List by Country Premium
15. Vehicle Wiring Harness Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Company 2
15.3 Company 3 & More
16.1 Abbreviations
16.2 Sources
17. Vehicle Wiring Harness Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
1.1 Definitions and Scope
2. Vehicle Wiring Harness Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Vehicle Wiring Harness Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Vehicle Wiring Harness Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Vehicle Wiring Harness Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Vehicle Wiring Harness Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Vehicle Wiring Harness Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Vehicle Wiring Harness Market - By Product Type(Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
9. Vehicle Wiring Harness Market - By Type(Market Size -$Million / $Billion)
9.1 Major Manufacturers Introduction
9.1.1 Manufacturers List
9.1.1.1 Future Strategic Planning
10. Vehicle Wiring Harness - By Application Type(Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
11. Vehicle Wiring Harness- By Geography (Market Size -$Million / $Billion)
11.1 Vehicle Wiring Harness Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Vehicle Wiring Harness- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Vehicle Wiring Harness- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Vehicle Wiring Harness - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Vehicle Wiring Harness - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Vehicle Wiring Harness Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Vehicle Wiring Harness Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Vehicle Wiring Harness Market - Key Company List by Country Premium
15. Vehicle Wiring Harness Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Company 2
15.3 Company 3 & More
*Financials would be provided on a best efforts basis for private companies
16. Vehicle Wiring Harness Market - Appendix16.1 Abbreviations
16.2 Sources
17. Vehicle Wiring Harness Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
LIST OF TABLES
1.Global Major Manufacturers Introduction Market 2019-2024 ($M)1.1 Manufacturers List Market 2019-2024 ($M) - Global Industry Research
1.1.1 Future Strategic Planning Market 2019-2024 ($M)
2.Global Major Manufacturers Introduction Market 2019-2024 (Volume/Units)
2.1 Manufacturers List Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Future Strategic Planning Market 2019-2024 (Volume/Units)
3.North America Major Manufacturers Introduction Market 2019-2024 ($M)
3.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Future Strategic Planning Market 2019-2024 ($M)
4.South America Major Manufacturers Introduction Market 2019-2024 ($M)
4.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Future Strategic Planning Market 2019-2024 ($M)
5.Europe Major Manufacturers Introduction Market 2019-2024 ($M)
5.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Future Strategic Planning Market 2019-2024 ($M)
6.APAC Major Manufacturers Introduction Market 2019-2024 ($M)
6.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Future Strategic Planning Market 2019-2024 ($M)
7.MENA Major Manufacturers Introduction Market 2019-2024 ($M)
7.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Future Strategic Planning Market 2019-2024 ($M)
LIST OF FIGURES
1.US Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)2.Canada Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
3.Mexico Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
4.Brazil Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
5.Argentina Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
6.Peru Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
7.Colombia Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
8.Chile Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
9.Rest of South America Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
10.UK Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
11.Germany Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
12.France Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
13.Italy Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
14.Spain Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
15.Rest of Europe Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
16.China Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
17.India Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
18.Japan Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
19.South Korea Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
20.South Africa Vehicle Wiring Harness Market Revenue, 2019-2024 ($M)
21.North America Vehicle Wiring Harness By Application
22.South America Vehicle Wiring Harness By Application
23.Europe Vehicle Wiring Harness By Application
24.APAC Vehicle Wiring Harness By Application
25.MENA Vehicle Wiring Harness By Application