Automotive Wiring Harness Market by Component (Connectors, Terminals), by Material (Conductor, Insulation), by Application (Body, Engine), by Vehicle Type (ICE, Electric Vehicles and Others), by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast to 2027

Automotive Wiring Harness Market Size, Share, Trends, Growth, Analysis, Research

AUTOMOTIVE WIRING HARNESS MARKET: Summary

The Global Automotive Wiring Harness Market is estimated to reach USD 65.2 Billion by 2027 at a CAGR of 4.6 %.

The wire harness is a set of electrical cables and wires bundled together mainly for signal transmission and providing electric power supply. It is also called as cable assembling or wiring loom. Automotive wiring harness plays an important role as they can be installed as one unit instead of one wire at a time, this helps to save space and increases the overall safety. It is designed to enhance the fuel efficiency of the vehicle. These harnesses can be designed as per the geometric and electrical requirements and thus can be used in the engine, body, and chassis of the vehicle.

AUTOMOTIVE WIRING HARNESS MARKET: Drivers & Restraints

Market Drivers:

  • Growing Need for Automotive Safety systems   

The wire harness is a crucial component of the automotive safety system. The main function of a wired system in any transportation is to transfer electricity from a power source safely to a given product. Any fault in the wiring system can result in short circuit, electrical fires, and can harm any users and passengers. Hence, there exists a high need for a better safety system to boost the passenger’s safety, which is expected to drive the automotive wiring harness market during the forecast period.

  • Rising Adoption of Electric Vehicles

The development of innovative technologies by automotive manufacturers is an outcome of the growing demand for luxurious and smart vehicles. Compared to the internal combustion engine (ICE) vehicles the need for wire harness is 3x in electric vehicles. Thus, the rise in demand for electric vehicles is projected to drive the demand for automotive wiring harness. According to the Edison Electric Institute, the total sales of electric vehicles in the United States raised 81% in 2018, as compared to 2017.

Thus, the rising adoption of electric vehicles is expected to propel the demand for automotive wiring harness market during the forecast period.

Market Restraints:

  • Fluctuating Raw Material Prices  

Copper is the world's most used metal due to its conductivity and versatility. Price fluctuations of copper, uncertain shortage, and supply-demand gap have significant negative impact on automotive manufacturers. Lack of constant supply of raw materials results in increasing raw material prices which, escalates the overall product price. Thus, fluctuating raw material price is a restraining factor for automotive wiring harness market growth during the forecast period.

AUTOMOTIVE WIRING HARNESS MARKET: Key segments

  • By Component: Connectors, Electric Wires, Terminals and Others
  • By Material: Conductor and Insulation
  • By Application: Body Wiring Harness, Engine Wiring Harness, Chassis Wiring Harness, HVAC Harness, Battery Harness, and Others
  • By Vehicle Type: Internal Combustion Engine (ICE), Electric Vehicles (EVs), and Others
  • Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa, and South America with individual country-level analysis

AUTOMOTIVE WIRING HARNESS MARKET: Report SCOPE

The report on the Automotive Wiring Harness market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

 

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2027

Base Year for Market Calculation

2019

Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Units)

Segments Included

Component, Material, Application, Vehicle Type, and Region

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, and South America

 

KEY Companies Covered

  • Sumitomo Electric Industries, Ltd. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • FURUKAWA ELECTRIC CO., LTD.
  • YAZAKI Corporation
  • LEONI AG
  • Aptiv
  • Nexans
  • Motherson Group
  • PKC Group Ltd
  • Fujikura Ltd.
  • Lear Corporation
  • Others

AUTOMOTIVE WIRING HARNESS MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Automotive Wiring Harness Market, by Component

  • Connectors
  • Electric Wires
  • Terminals
  • Others

Automotive Wiring Harness Market, by Material

  • Conductor
    • Aluminum
    • Copper
  • Insulation
    • Polyvinyl Chloride (PVC)
    • Chlorinated Polymers
    • Polypropylene
    • Others

Automotive Wiring Harness Market, by Application

  • Body Wiring Harness
    • Power Windows
    • Door Locks
    • Dashboard
    • Interior Electrical Components
    • Others
  • Engine Wiring Harness
    • Cruise Control Systems
    • Anti-Lock Braking Systems
    • Speed Sensors
    • Fuel Injection Systems
    • Others
  • Chassis Wiring Harness
    • Front Harness
    • Rear Harness
    • Main Harness
  • HVAC Harness
  • Battery Harness
  • Others

Automotive Wiring Harness Market, by Vehicle Type

  • Internal Combustion Engine (ICE)
  • Electric Vehicles (EVs)
    • Battery Electric Vehicles (BEVs)
    • Plug-In Hybrid Electric Vehicles (PHEVs)
    • Hybrid Electric Vehicles (HEVs)
    • Fuel Cell Electric Vehicles (FCEV)
  • Others

Automotive Wiring Harness Market, by Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Norway
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions answered by the report

  • What are the major developments impacting the global market and its growth?
  • What will be the effects of the developments in the global market on the industry and the market players in the near and far future?
  • What are the evolving types of the global market?
  • What are the evolving applications of the global market?
  • What are the major characteristics that will affect the global market growth during the study period?
  • Who are the key global players operating in the market?
  • How are the major players leveraging in the existing global market conditions?

Report Audience

  • Automotive Wiring Harness Market Providers
  • Automotive Wiring Harness Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Automotive Wiring Harness Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE AUTOMOTIVE WIRING HARNESS MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Need for Automotive Safety Systems   
      2. Rising Adoption of Electric Vehicles
    3. Restraints
      1. Fluctuating Raw Material Prices
      2. Flexible Printed Circuit Boards as Substitute to Automotive Wiring Harness
    4. Opportunities
      1. Increase in Demand of Semi-autonomous and Autonomous Vehicles
    5. Challenges
      1. Complex Harness Architecture
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS     
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. AUTOMOTIVE WIRING HARNESS MARKET BY COMPONENT, Market Size in USD Million and Units (2018—2027)
    1. Introduction
    2. Connectors
    3. Electric Wires
    4. Terminals
    5. Others
  7. AUTOMOTIVE WIRING HARNESS MARKET BY MATERIAL, Market Size in USD Million and Units (2018—2027)
    1. Introduction
    2. Conductor
      1. Aluminum
      2. Copper
    3. Insulation
      1. Polyvinyl Chloride
      2. Chlorinated Polymers
      3. Polypropylene
      4. Others
  8. AUTOMOTIVE WIRING HARNESS MARKET BY APPLICATION, Market Size in USD Million and Units (2018—2027)
    1. Introduction
    2. Body Wiring Harness
      1. Power Windows
      2. Door Locks
      3. Dashboard
      4. Interior Electrical Components
      5. Others
    3. Engine Wiring Harness
      1. Cruise Control Systems
      2. Anti-Lock Braking Systems
      3. Speed Sensors
      4. Fuel Injection Systems
      5. Others
    4. Chassis Wiring Harness
      1. Front Harness
      2. Rear Harness
      3. Main Harness
    5. HVAC Harness
    6. Battery Harness
    7. Others
  9. AUTOMOTIVE WIRING HARNESS MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2018—2027)
    1. Introduction
    2. Internal Combustion Engine (ICE)
    3. Electric Vehicles (EVs)
      1. Battery Electric Vehicles (BEVs)
      2. Plug-In Hybrid Electric Vehicles (PHEVs)
      3. Hybrid Electric Vehicles (HEVs)
      4. Fuel Cell Electric Vehicles (FCEV)
    4. Others
  10. AUTOMOTIVE WIRING HARNESS MARKET BY REGION, Market Size in USD Million and Units (2018—2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Norway
      7. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East & Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  11. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  12. COMPANY PROFILES
    1. Sumitomo Electric Industries, Ltd.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. FURUKAWA ELECTRIC CO., LTD.
    3. YAZAKI Corporation
    4. LEONI AG
    5. Aptiv
    6. Nexans
    7. Motherson Group
    8. PKC Group Ltd
    9. Fujikura Ltd.
    10. Lear Corporation
    11. Others
  13. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : AT 044

Published : January, 2020


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