Impact Analysis of Covid-19

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Market Insight- Global Automotive Wiring Harness Market

Market Overview

An automotive wiring harness also referred to as cable assembly is a set of cables used to integrate various electronic components that helps in transmitting power to various modules in an automotive vehicle. It is one of the most crucial components in the vehicle since it handles complete current flow across all of a vehicle including wipers, electrical devices, and other electronic components. The major difference between in automotive wire harness and a standard wire harness is the connectors used and the test is done to it. Automotive wiring harness protects wiring from vehicle vibrations, moisture, and abrasions. With the help of different components such as conduits, electrical tape, cable ties or a combination of these are used to tie electrical wires together to form the complete automotive wiring assembly.

The global automotive wiring harness market was valued for US$ 54,629.4 Mn in 2019 is expected to exhibit a CAGR of 8.9% during the forecast period

Market Dynamics- Drivers

  1. Rising demand for automotive vehicles worldwide is expected to drive growth of the global automotive wiring harness market during the forecast period

Across the globe, there is a high demand for automotive vehicles. According to the Coherent Market Insights’ (CMI) analysis, the global automobile industry registered an annual growth rate of over 5.5% from 2010 to 2015 and is estimated to be valued at US$ 5.1 trillion by end of 2015. According to the same source, the industry also involves significant research and development activities, representing an investment of around US$ 85 Bn (as of 2013). Thus, high demand for automotive vehicles is expected to boost the market growth during the forecast period.

  1. Gradually improving world economy is expected to propel the global automotive wiring harness market growth over the forecast period

The global economy is improving gradually and has witnessed significant growth in the recent past. According to the International Monitory Fund (IMF) World Economic Outlook (WEO), April 2014, the global economy is improving and is projected to further strengthen over the following two to three years. In APEJ and Latin America, supportive monetary conditions, robust labor market conditions and improvement in consumer confidence have increased consumption of oil and gas. Furthermore, according to the IMF, global inflation is expected to remain within a moderate range from 2014 to 2020. For instance, the global inflation rate is projected to reduce to 2.4% in 2016 from 2.6% in 2014. A drop in oil prices in 2014 is aiding macroeconomic conditions globally. Thus, these factors are expected to support growth of the global automotive wiring vehicles market growth in the near future.

APAC dominated the global automotive wiring harness market in 2019, accounting for 46.8% share in terms of value, followed by Europe and North America, respectively

Automotive Wiring Harness  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraints

  1. Lack of availability of standardized design modules is expected to restrain growth of the global automotive wiring harness market during the forecast period

Despite having technological advancements in the field of automotive assembly line, the manufacturing of wire harness is still done manually or with help of semi-automatic machines for certain operations. Furthermore, each manufacturer follows different methods in selecting the components and making layout for the vehicle, which in turn, is expected to restrict the market growth in the near future.

  1. Lack of strict regulatory policies for design and safety is expected to hinder the global automotive warring harness market growth over the forecast period

Unlike the functional components that include safety components and sensors namely horns and wipers, wire harness design is not mandated to fulfill any regulatory compliances. Therefore, insufficiency in design can cause serious hazards to the vehicle. Thus, a protection has to in-built for the wire harness.

Market Opportunities

  1. Growing adoption of ICE downsizing approach can provide major growth opportunities

Many manufacturers are focused on downsizing internal combustion engine (ICE) due to environmental challenges involved. This allows manufacture to produce more fuel-efficient engines and meet future environmental standards. This, in turn, increases the demand for compact wiring harness modules. Furthermore, ICE development/downsizing is expected to provide major growth opportunities in the market by 2020, especially in Japan, Europe, and the U.S.

  1. Increasing adoption of platform strategies can pose significant business opportunities

Adoption of Module and Platform strategies by major passenger car manufacturers such as General Motors and Volkswagen is driving growth of wiring harness systems. By 2020, 10 major manufacturers of automotive wiring harness are expected to focus on production of core platforms, thereby enabling them to reduce costs and introduce design innovations.

Automotive Wiring Harness  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Increasing the use of advanced technologies is a major trend in the market

Technological advancements in automotive industry have reduced usage of complex wiring mechanical controls, thereby increasing adoption of compact wiring harness in automotive. Growing implementation of automotive technologies namely drive-by-wire and automotive Ethernet uses all electronic controls to activate brakes, engines, and control on steering. Moreover, automotive Ethernet facilitates internal and external connectivity of a vehicle, thereby reducing usage of complex wiring mechanical controls.

  1. Growing consumer preference for sustainable products

Governments of various countries are focused on enforcing strict regulatory policies regarding carbon emission. Besides this, there is rising environmental awareness among common populace, which is expected to boost the demand for electric and hybrid vehicles. Thus, all these factors are expected to boost the demand for wiring harnesses. Vehicle manufacturers across the world need to adhere to various norms such as Euro 1, Euro 2, California Emission Standards, Bharat Stage Emission Standards, in order to reduce carbon emissions.

Segment information:

In global automotive wiring harness market, by vehicle segment, passenger vehicles sub segment dominated the global market in 2019, accounting for 67.0% share in terms of value

Automotive Wiring Harness  | Coherent Market Insights

Source: Coherent Market Insights

Value Chain Analysis

Automotive Wiring Harness  | Coherent Market Insights

Competitive Section

Key players operating in the global automotive warring harness market are Sumitomo Electric Industries, Ltd., YAZAKI Corporation, PKC Group PLC, Aisin Seiki Co., Amphenol RF, Furukawa Electric Co., Ltd., Samvardhana Motherson Group (SMG), LEONI, ERNI Electronics, AVX Corporation,  Delphi Automotive PLC, Lear Corporation, and Fujikura Ltd.

Key Developments

  1. Key players in the market are focused on mergers and acquisitions, in order to gain a competitive edge in the market. For instance, in January 2017, Motherson Sumi Systems Ltd (MSSL), a subsidiary of Samvardhana Motherson Group (SMG), acquired PKC Group PLC, a Finland-based wiring harness provider.
  2. Major companies in the market are involved in product launches, in order to expand product portfolio. For instance, in July 2019, Amphenol RF introduced new 100Ω High-Speed Data (HSD) cable assemblies for automotive and agricultural equipment applications.

Automotive wiring harness is an electrical assembly of various electronic components that helps in transferring power and information to various modules in an automotive vehicle. It is one of the most important components in the vehicle used to handle complete current flow across a vehicle including wipers, electrical devices, and other electronic components. The components that are assembled composed of speed sensors, electrical devices, heating, ventilation and air conditioning (HVAC) and other electrical components. The major difference between in automotive wire harness and a standard wire harness is the connectors used and the test is done to it. Automotive wiring harness protects wiring from vehicle vibrations, moisture, and abrasions. With the help of different components such as conduits, electrical tape, cable ties or a combination of these are used to tie electrical wires together to form the complete automotive wiring assembly.

Market Dynamics

Rapid growth of automobile industry owing to technological advancement features implemented in the vehicles is the factor driving the growth of automotive wiring harness market during the forecast period. All the car manufactures are designing cars with safety and electronic gadgets. Additionally, deploying such wiring harness systems helps in improving the efficiency of the fuel in the vehicles and also complies with government regulations for the usage of fuel and emission. Rising demand for automotive vehicles is also expected to drive growth of the global automotive wiring harness market. Across the globe, there is a high demand for automotive vehicles. According to the Coherent Market Insights’ (CMI) analysis, the global automobile industry recorded an annual growth rate of over 5.5% from 2010 to 2015 and is estimated to be valued at US$ 5.1 trillion by end of 2015.

Increasing demand for electric vehicles is also expected to drive growth of the global automotive wiring harness market during the forecast period. Developed regions such as Europe, North America, and Japan increased the demand for electric vehicles.  Due to increasing fuel costs and stringent regulatory policies regarding CO2 emission increasing the demand for electric vehicles in the region. Moreover, manufacturers are focused on investing in research and development activities, in order to improve electric vehicle technology and provide better offerings to the markets such as the U.S., Japan, France, and Germany. Rising disposable income is boosting the demand for electric vehicles, which in turn, is expected to boost the global automotive wiring harness market growth over the forecast period.

Market Taxonomy

This report segments the global automotive wiring harness market on the basis of by vehicle type, by application, and by region. On the basis of vehicle type, the global automotive wiring harness market is segmented into passenger (midsize, premium, luxury, SUV and sports), hybrid, electric, two wheeler, commercial (light commercial vehicles and heavy commercial vehicles) and buses & coaches. On the basis of application, global automotive wiring harness market is segmented into chassis & safety (conventional chassis, semi-forward chassis and full-forward chassis), HVAC, engine, sensors, body (roof, facia, door & window, seat, interior). On the basis of region, global automotive wiring harness market is segmented into North America, Latin America, Europe, APAC, Middle East and Africa.    

Key features of the study:

  • This report provides an in-depth analysis of the global automotive wiring harness market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global automotive wiring harness market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global automotive wiring harness market market include Sumitomo Electric Industries, Ltd., YAZAKI Corporation, PKC Group PLC, Aisin Seiki Co., Amphenol RF, Furukawa Electric Co., Ltd., Samvardhana Motherson Group (SMG), LEONI, ERNI Electronics, AVX Corporation,  Delphi Automotive PLC, Lear Corporation, and Fujikura Ltd.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global automotive wiring harness market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive wiring harness market.

Detailed Segmentation:

  1. Global Automotive Wiring Harness Market, By Vehicle Type
    • Passenger
      • Midsize
      • Premium
      • Luxury
      • SUV
      • Sports
    • Hybrid
    • Electric
    • Two Wheeler
    • Commercial
      • Light Commercial Vehicles
      • Heavy Commercial Vehicles
    • Buses & Coaches
  2. Global Automotive Wiring Harness Market , By Application
    • Chassis & Safety
      • Conventional Chassis
      • Semi-forward Chassis
      • Full-forward Chassis
    • HVAC
    • Engine
    • Sensors
    • Body
      • Roof
      • Facia
      • Door & Window
      • Seat
      • Interior
  3. Global Automotive Wiring Harness Market, By Region
    • North America
    • Latin America
    • Europe
    • APAC
    • Middle East and Africa
  4. Company Profiles
    • Sumitomo Electric Industries, Ltd. *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • YAZAKI Corporation
    • PKC Group PLC
    •  Aisin Seiki Co.
    • Amphenol RF
    • Furukawa Electric Co., Ltd.
    •  Samvardhana Motherson Group (SMG)
    •  LEONI, ERNI Electronics
    • AVX Corporation
    •  Delphi Automotive PLC
    •  Lear Corporation
    •  Fujikura Ltd

*Browse all the market data tables and figures on “Global Automotive Wiring Harness Market- Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purvi!ew
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Vehicle Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Automotive Wiring Harness Market, By Vehicle Type, 2017-2027  (US$ Million )
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Passenger
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
        • Midsize
        • Premium
        • Luxury
        • SUV
        • Sports
    • Hybrid
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Electric
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Two Wheeler
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Commercial
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
        • Light Commercial Vehicles
        • Heavy Commercial Vehicles
        • Buses & Coaches
  5. Global Automotive Wiring Harness Market, By Application, 2017-2027 (US$ Million  )
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Chassis & Safety
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
        • Conventional Chassis
        • Semi-forward Chassis
        • Full-forward Chassis
    • HVAC
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Engine
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Sensors
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Body
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
        • Roof
        • Facia
        • Door & Window
        • Seat
        • Interior
  6. Global Automotive Wiring Harness Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • APAC
      • Regional Trends
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • Sumitomo Electric Industries, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • YAZAKI Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • PKC Group PLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Aisin Seiki Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Amphenol RF
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Furukawa Electric Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Samvardhana Motherson Group (SMG)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • LEONI
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ERNI Electronics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • AVX Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Delphi Automotive PLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Lear Corporation
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Fujikura Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on “Global Automotive Wiring Harness Market-forecast to 2027”.

Frequently Asked Questions

The global automotive wiring harness market is estimated to reach US$ 108,229.2 million by 202 .
Major players operating in the global automotive wiring harness market include Sumitomo Electric Industries, Ltd., YAZAKI Corporation, PKC Group PLC, Aisin Seiki Co., Amphenol RF, Furukawa Electric Co., Ltd., Samvardhana Motherson Group (SMG), LEONI, ERNI Electronics, AVX Corporation, Delphi Automotive PLC, Lear Corporation, and Fujikura Ltd.
Lack of availability of standardized design modulesis one of the major factors that is expected to hamper growth of the market over the forecast period.
Rising demand for automotive vehicles, globally is one of the major factors that is expected to propel growth of the market over the forecast period.
Rising adoption of advanced automotive technologies is one of the major trends that has been observed in the market.
Among regions, APACis expected to hold dominant position in the global automotive wiring harness market in 2019 , accounting for 46.8% share , in terms of value, followed by Europe and North America, respectively.
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