Vehicle Wiring Harness Market - Forecast(2021 - 2026)

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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
*Financials would be provided on a best efforts basis for private companies
16. Vehicle Wiring Harness Market - Appendix
        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

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