Energy & Power / Automotive Wire Harnesses Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Yazaki Corporation, Sumitomo, Delphi, Leoni
Automotive Wire Harnesses Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Yazaki Corporation, Sumitomo, Delphi, Leoni
Registering a CAGR of 4.21% over the forecast period of 2022-2027, the global Automotive Wire Harnesses Market is anticipated to reach the market value of USD 45.56 billion in 2027 from USD 35.62 billion in 2021.
Automotive Wire Harnesses Market Overview
The possibility of the study considers wiring harness as a bundle of wires performance various functions like transferring signals, data, and power within a vehicle achieved by data transmission and electrical wires. The claim for high-speed data transmission wiring harness is also experiential to have enlarged in the recent past, which is possible to further pick momentum as the number of electronic features rises up. The rising emphasis on safety solutions, expanding demand and usage of hybrid and electric vehicles, and increasing electrification of vehicles are some of the primary driving factors for the market's development. However, challenges such as reliability and durability may limit the market's progress.
Rise in adoption of electric vehicles across the globe is expected to supplement the market growth during the forecast period. Installation of flexible wires in automotive wiring harness for improved power delivery and increased use of aluminum to reduce weight of wiring harness are factors expected to further boost the growth of this market. However, high maintenance cost is expected to hamper the growth of the market. Furthermore, surge in development of autonomous vehicles and proactive government regulations associated with electric vehicles are expected to offer growth opportunities during the forecast period.
Who are the Major Players in Automotive Wire Harnesses Market?
The Automotive Wire Harnesses Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Yazaki Corporation, Sumitomo Corporation (Tokyo:8053.T), Delphi, Leoni, Lear Corporation (NYSE :LEA), Yura, Fujikura Ltd. (Tokyo:5803.T), Furukawa Electric Co., Ltd. (Tokyo:5801.T), PKC, Nexans Autoelectric, DRAXLMAIER, Kromberg&Schubert, THB, Coroplast, Coficab
Recent Developments:
January 2020, Yazaki Mercosulannounced its plans to build a new BRL 60 million factory in the city of Bonito, Brazil. The new 21,000-square-meter plant, with a capacity to produce 1,000 wiring harnesses per day, will supply the FCA plant in Pernambuco, where the Jeep Compass and Renegade and Fiat Toro pickup trucks are manufactured.
December 2020, Leoni launched Intelligent Power Distribution in future wiring systems, as the demand for wiring solutions in Automated Driving and vehicle electrification applications are increasing. The iPDS (intelligent Power Distribution Switch) and the iPDM (intelligent Power Distribution Module) prevent a possible total breakdown of the wiring system through processes that include activating or deactivating sub-systems or individual channels.
What are the major Applications, Types and Regions for Automotive Wire Harnesses Market?
Automotive Wire Harnesses Market is segmented based on the type, applications, companies and regions.
Asia-Pacific region is predicted to have a popular share in the automotive wiring harness market. Growing disposable income along with a rise in GDP in the Asia Pacific is driving the market. Comfort of manufacturing auto parts, vehicle sales, and growing government regulations improving electric vehicles adoption and robust expansion adopted by OEMs and suppliers in the region to accommodate increasing demand from the automotive industry across Asia-pacific region are expected to create a positive outlook for market development during the forecast period.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Automotive Wire Harnesses Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 4.21% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Automotive Wire Harnesses Report
Evaluate Automotive Wire Harnesses market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Automotive Wire Harnesses market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Automotive Wire Harnesses Market is studied from 2017 - 2027.
What is the growth rate of Automotive Wire Harnesses Market?
The Automotive Wire Harnesses Market is growing at a CAGR of 4.21% over the next 5 years.
Who are the leading key players in Automotive Wire Harnesses Market?
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
INTRODUCTION
MARKET DEFINATION
MARKET DYNAMICS
MARKET SEGMENTATION
REPORT TIMLINES
KEY STAKEHOLDERS
RESEARCH METHODOLOGY
DATA MINING
SECONDARY RESEARCH
PRIMARY RESEARCH
SUBJECT MATTER EXPERT ADVICE
QUALITY CHECK
FINAL REVIEW
DATA TRIANGULATION
BOTTOM-UP APPROACH
TOP-DOWN APPROACH
RESEARCH FLOW
EXECUTIVE SUMMARY
INTRODUCTION
GLOBAL AUTOMOTIVE WIRE HARNESSESMARKETBY TYPES
GLOBAL AUTOMOTIVE WIRE HARNESSES MARKET BY APPLICATIONS
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
