Automotive Wiring Harness Market Share, Industry Trends 2027

Automotive Wiring Harness Market to 2027 - Global Analysis and Forecasts by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Commercial Vehicle); Type (Main, Auxiliaries, Cockpit, ICE Harness, E-Motor Harness, and Others)

Publication Month : May 2019

  • Report Code : TIPTE100000611
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 159
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The automotive wiring harness market accounted to US$ 47.08 Bn in 2018, and it is expected to grow at a CAGR of 4.27% during the forecast period 2019 – 2027

Increases are expected in all the major production regions, while the North America and Asia Pacific are likely to perform more dynamically than the European region. The output of vehicles with alternative drive technologies will again very much outpace the overall market. Double-digit rates of growth are expected in all regions, which adds up to a 51 percent global increase in output.

Lucrative Regional Automotive Wiring Harness Markets

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Market Insights

Rapid rise in vehicular population as a result of rising disposable incomes

As per the automobile associations, the global vehicular population had crossed 1 billion mark in the year 2010 itself which was driven by the aggressive growth rates in India and China in that fiscal year. The rise in the sales of vehicles and in particular passenger cars can be attributed to the steady increase in the disposable incomes of consumers. Developing economies witnessed a steady growth in the post-recession era and thus there was rise in the disposable incomes by consumers. Globally, the trend of urbanization is growing at an exponential growth rate. Due to this, the average disposal income of the population staying in urban cities is also increasing, allowing them to enhance their lifestyles. The number of passenger cars operated worldwide is therefore bolstering, further creating a demand for production of passenger cars to cater to the ever increasing demands. This would drive the revenue prospects of automotive wiring harness market

Advancement of technologies for display units, voice recognition systems and consumer electronics

Automobiles of today have evolved with large number of electronic integrations. The dashboard, infotainment systems, and head-up-display units in an automobile require large number of electronic components. As these electronic systems are becoming a common accessory, consumers and automakers have pushed the component suppliers for more innovations and integrations. Consumers demand for more intuitive technology, thus pushes automotive OEMs to look for best-in-class technology and features. Availability of large amounts of accessible content for entertainment and sources of information have left consumers demanding for more features integrated in the vehicle. These factors together would have a positive impact on the growth of automotive wiring harness market.

Segment by Vehicle Type Insights

The global automotive wiring harness market by vehicle type has been segmented into passenger car, Light Commercial Vehicle, and Medium & Heavy Commercial Vehicle (M&HCV). Wiring harness provides electrical as well as data connection within a vehicle. With the rise of advanced driver assistance systems such as Anti-lock Brake System (ABS), Electronic Brake Distribution (EBD), Lane-keep Assist, Traction Control, Electronic Stability Program (ESP), Adaptive Cruise Control, Automatic Braking, Automatic Parking and Blind Spot Detection (BSD) among others, the demand for data connectivity cables or harness is set to increase. TThe price variation of passenger vehicle wiring harness as compared with LCV and M&HCV is around 30% - 40% on the lower side. However, the sheer volume of the passenger vehicle production has negated the weightage of the LCV and M&HC wiring harness prices thus capturing a larger market share of the among the three vehicle types.

Segment by Type Insights

The global automotive wiring harness market by Type has been segmented into Main Harness, Auxilary Harness, ICE Harness, and others. The automotive wiring harness market by type was led by Main segment. There are various types of wiring harness that goes into a vehicle. Each harness is a perfect match for its purpose and depends upon the vehicle to vehicle and model to model. Individual wiring harness is specific to its model and application and has organized set of connectors, wires, and terminals and runs throughout the body of a vehicle and convey information and electric power. With the advent of the electric vehicle, high voltage >60V wiring harness is coming into play. The main harness of a vehicle is independent from the type of vehicle and features available in the vehicle. These are the most basic set of wires needed for a vehicle to run and is indispensable. However, as features in a vehicle increases, the type of harness also tend to increase.

Rest of Europe Automotive Wiring Harness Market by Type

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Automotive Wiring Harness Market: Strategic Insights

automotive-wiring-harness-market
Market Size Value inUS$ 47.08 Billion in 2018
Market Size Value byUS$ 68.18 Billion by 2027
Growth rateCAGR of 4.27% from 2019-2027
Forecast Period2019-2027
Base Year2019
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New market initiatives were observed off late by companies in global automotive wiring harness market. Few of the recent market initiatives are listed below:

2019:Aptiv PLC announced the opening of its Las Vegas Technical Center. The facility joins Boston, Singapore and Pittsburgh as one of Aptiv's major autonomous vehicle hubs, and is a state-of-the-art, all-inclusive facility for vehicle operations, research and development, data management and technology demonstration center.
2018:Furukawa Electric Co. received an order for new wire harness for global vehicles, following this the company has expanded the production capacity of its Philippines Center.
2018:Lear Corporation announced its investment in an Israel-based venture capital fund managed by Maniv Mobility that is focused on advancing mobility technology.

GLOBAL AUTOMOTIVE WIRING HARNESS – MARKET SEGMENTATION


Global Automotive Wiring Harness Market – By Vehicle type

  • Passenger Car
  • Light Commercial Vehicle
  • Medium & Heavy Commercial Vehicle

Global Automotive Wiring Harness Market – By Type

  • Main Harness
  • Auxiliary Harness
  • ICE Harness
  • Others (AC/DC charging, high voltage auxiliaries, traction, 3-phase)


Global Automotive Wiring Harness Market – By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Russia
    • UK
    • Turkey
    • Rest of Europe
  • Asia Pacific (APAC)

    • South Korea
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)

    • South Africa
    • Rest of MEA
  • South America

    • Brazil
    • Argentina
    • Rest of South America (SAM)

Automotive Wiring Harness Market - Company Profiles

  • Sumitomo Electric 
  • Lear Corporation 
  • Delphi Automotive PLC (Aptiv)
  • Yazaki Corporation 
  • Furukawa Electric Co. 
  • Fujikura Automotive 
  • Samvardhana Motherson Group 
  • Leoni AG 
  • Minda Spark
  • Nexans
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Vehicle Type ; Type

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Automotive Wiring Harness Market

  1. Sumitomo Electric 
  2. Lear Corporation 
  3. Delphi Automotive PLC (Aptiv)
  4. Yazaki Corporation 
  5. Furukawa Electric Co. 
  6. Fujikura Automotive 
  7. Samvardhana Motherson Group 
  8. Leoni AG 
  9. Minda Spark
  10. Nexans

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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