Automotive Wiring Harness Market Research Report - Forecast to 2027

Global  Automotive  Wiring  Harness  Market  Research  Report    By  Material  Type  (Copper,  Aluminum  and  Others),  By  Component  Type  (Wires,  Connectors  and  Terminals),  By  Application  (Engine, HVAC,  Body,  Chassis,  Sensors,  Others),  By  Vehicle  Type  (Passenger    Vehicle  and  Commercial  Vehicle) - Forecast to 2027

ID: MRFR/AM/1778-CR | June 2018 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Overview


Market Research Future (MRFR) predicts the Global Automotive Wiring Harness Market to reach USD 93,074.4 Million at a 6.35% CAGR from 2017-2023 (assessment period). An automotive wiring harness consists of a range of wires, terminals, and connectors that relay electrical signals between the components of the vehicle. The wiring harness protects wires and cables from moisture, abrasion, vibration, and other external influences. The advantages of incorporating harnesses include the low probability of electrical shortage, decreased installation time, increased fuel efficiency, and superior performance. In addition, the integration of advanced driver assistance systems and infotainment systems in cars is expected to fuel industry demand in the near future. Improved purchasing parity of consumers, combined with rising demand for the latest systems, is expected to affect the market. Policies to minimize greenhouse gas emissions and fluctuating fuel prices can stimulate demand for automotive wiring harnesses. Demand for electric vehicles is expected to create opportunities for growth in the market.


COVID-19 Impact on the Global Automotive Wiring Harness Market


The automotive and transport sector is among the most susceptible verticals to the ongoing outbreak of COVID-19 and is currently in the midst of unprecedented uncertainty. COVID-19 is predicted to affect the supply chain and demand for products in the automotive sector. The industry's concern has changed from being focused on supply chain disruption from China to the overall drop in demand for automotive goods. The demand for commercial vehicles is expected to fall with the closing of all non-essential facilities. In addition, shifts in consumer buying behavior due to the uncertainty surrounding the pandemic may have significant consequences for the immediate future.


Market Dynamics


Drivers


Rise in the Number of Government Regulations towards Fuel Usage and Emissions


The U.S., France, Germany, and China have introduced government laws and regulations for vehicular emission and have mandated vehicle manufacturers to use advanced technologies to combat high vehicle emissions. The California Air Resources Board (CARB) has initiated the California Vehicle Emissions Program, which provides guidelines for manufacturers to develop and distribute zero-emission vehicles (ZEVs). The current ZEV regulations include a significant increase in the manufacture and selling of low-emission gasoline and diesel engine vehicles, in particular for the 2018–2025 model year. By the 2025 model year, nearly 15% of the total sales volume of manufacturers in California can be accounted through the sales of these vehicles. In addition, the Directives of the European Union and related legislation restrict the amount of regulated pollutants that can be generated by new motor vehicles and engines sold in the EU. Automotive wiring harness is reported to improve fuel efficiency and minimize vehicle emissions; thus, the integration of advanced wiring harness is expected to result in the development of fuel-efficient and environmentally-friendly vehicles.


Surge in the vehicle production


The worldwide rise in vehicle production and the growing demand for technically advanced electronic safety equipment in the automotive sector are some of the main factors likely to stimulate market expansion over the next few years. In addition, automotive wire harnesses provide a wide range of vehicle advantages, including enhanced hybrid vehicle performance, reduced vehicle short-circuit risk, reduced installation time, increased fuel efficiency, improved vehicle performance under harsh or extreme environmental conditions, and the ability to carry large loads of power. This, in turn, will help the automotive wiring harness industry to create new growth horizons in the near future.


Market Segmentation


Global Automotive Wiring Harness Industry has been segmented into Material Type, Component Type, Application, and Vehicles. 


By material type, the global automotive wiring harness market has been segmented into copper, aluminum, and others. 


By component type, the global automotive wiring harness market has been segmented into wires, connectors, and terminals. 


Based on application, the global automotive wiring harness market has been segmented into engines, chassis, heating, sensors, body, ventilation, and air conditioning (HVAC), and others. 


By vehicles, the global automotive wiring harness market has been segmented into passenger and commercial vehicles.


Regional Analysis


APAC to Witness Significant Growth


The Asia Pacific is expected to see substantial growth in the luxury car industry. In fact, China's luxury car sales have been so high that leading luxury brands such as Lamborghini and Maserati have seen their best year of sales growth in 2016. Due to this growth and demand in China, Japan, and India, vehicle production in these markets has increased significantly over the last five years. Many leading manufacturers of luxury cars like BMW, Daimler, Volkswagen, Mercedes Benz, Audi, and Porsche have dynamically developed their markets in the Asia Pacific, especially China. In addition, there is a strong demand for vehicle access control in the Asia Pacific. Security in passenger cars has become highly important over the last few years, as customers are beginning to use advanced technologies like keyless entry, immobilizer, stolen vehicle assist, and alarms. These additional features, combined with the growing penetration of luxury vehicles, are expected to fuel the demand for wiring harnesses in the Asia Pacific


Competitive Landscape 


The automotive wiring harness industry is moderately competitive. Companies operating in the market must continue improving their products to retain a sustainable competitive advantage over their competitors and provide product differentiation.


Key Players


Lear Corporation (U.S.), Fujikura Ltd. (Japan), THB Group (China), Sumitomo Electric Industries Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), YAZAKI Corporation (Japan), Delphi Automotive Plc. (renamed itself as Aptiv) (U.K.), PKC Group (Finland), Leoni AG (Germany), Motherson Sumi Systems (India), and others are leading players in the automotive wiring harness market.


Report Overview


This report estimates revenue growth at worldwide, regional, and country levels and offers an insight into the latest developments in each sub-sector from 2017 to 2023. For this analysis, MRFR divided the Global Automotive Wiring Harness Market report by material Type, Component Type, Application, Vehicle Type, and Region.


Segmentation Table


By Material Type



  • Copper

  • Aluminum

  • Others


By Component Type



  • Wires

  • Connectors

  • Terminals


By Application



  • Engine

  • Chassis

  • Body

  • Sensors

  • Heating, ventilation, and air conditioning (HVAC)

  • Others


By Vehicle Type



  • Passenger Vehicle

  • Commercial Vehicle



Frequently Asked Questions (FAQ) :


Advancements in the semiconductor technology to bring down the number of units as well as the weight of cars, surging demand for cars for travelling purposes and the increasing purchasing power of consumers can benefit the global market in the near future.

Soaring demand for electric vehicles can create a growth opportunity in the market.

The material types covered in the report include aluminum, copper, and others.

The market has been studied with respect to regions of Europe, Asia Pacific, the Middle East and Africa as well as North America.

The most renowned players in the market are PKC Group (Finland), Delphi Automotive Plc. (renamed itself as Aptiv) (U.K.), Motherson Sumi Systems (India), Lear Corporation (U.S.), Fujikura Ltd. (Japan), Sumitomo Electric Industries Ltd. (Japan), YAZAKI Corporation (Japan), THB Group (China), Leoni AG (Germany), Furukawa Electric Co., Ltd. (Japan), and others.

The growth rate that the market can achieve is 6.35%.

The market can touch a valuation of USD 93,074.4 million by 2023.

The global automotive wiring harness market is anticipated to reach a valuation of USD 93,074.4 million by 2023, expanding at a 6.35% CAGR during the assessment period (2018-2023). High sales of cars is the primary factor driving the market. Focus on automotive manufacturers in developing nations and complexities in on-board electronics are anticipated to spur market growth during the forecast period. Integration of advanced driver assistance systems (ADAS) and infotainment systems in cars is predicted to provide growth opportunities for players.


Automotive wiring harness is a unit comprising of bundled wires and data circuits which acts a conduit between all electrical components of an automotive. The unit protects wires and cables from abrasion, moisture, and other external influences. Rise in disposable income levels of consumers is expected to play a major role in market demand in the coming years. Increasing emphasis on passenger comfort and safety is touted to play a developmental role in the market.


The automotive wiring harness market has been segmented by material type, component type, application, vehicle type, and region. By material type, the market is segmented into copper, aluminum, and others. The copper segment is expected to generate significant market revenue by 2023 owing to highly regarded properties of coating adherence, finish, resistivity, and high tensile strength.


By component type, the market is segmented into wires, connectors, and terminals. The wires segment is projected to grow at a 6.43% CAGR over the forecast period. Wires play a pivotal role in relaying electrical signals to various vehicle components. They are used to power meters, engine lights, navigation systems, power windows and doors, etc.


On the basis of application, the market has been segmented into body, engine, sensors, chassis, heating, ventilation, and air conditioning (HVAC), and others. The engine segment is projected to exhibit a 6.61% CAGR during the forecast period owing to the engine being at the nexus of control of all vehicle components.


By vehicle type, the market is segmented into passenger and commercial vehicles. The passenger vehicle segment had accounted for a large market share in 2016. It can command a respectable CAGR during the forecast period owing to demand for passenger cars by consumers with disposable incomes.


Regional Analysis


On the basis of regions, the global automotive wiring harness market has been segmented into North America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).


The APAC market is deemed to grow at a 6.79% CAGR over the forecast period. Presence of various automobile manufacturing units in China and India are expected to spur market growth. Increased production of passenger and commercial vehicles is anticipated to bolster market demand in the coming years.


The North America market accounted for a large market share owing to the U.S. Demand for latest vehicles integrated with the latest technology is expected to bode well for the market. Development of connected vehicles and self-driving vehicles is projected to present new opportunities for local players.


The Europe automotive wiring harness market is expected to exhibit a remarkable CAGR owing to presence of commendable automobile manufacturers in the U.K. and Germany. Fiats outlined by regulatory agencies with respect to percentage of pollutants to be emitted is anticipated to lead to rapid adoption of wiring harnesses. In addition, sales of electric vehicles and hybrid electric vehicles can influence market demand in the coming years.


Competitive Analysis


PKC Group(Finland), Delphi Automotive Plc. (renamed itself as Aptiv) (U.K.), Furukawa Electric Co., Ltd. (Japan), YAZAKI Corporation (Japan), Fujikura Ltd. (Japan), Sumitomo Electric Industries Ltd. (Japan), Leoni AG (Germany), Motherson Sumi Systems (India), Lear Corporation (U.S.), THB Group (China), and others are some of the noteworthy players in the automotive wiring harness market. Acquisitions and new product launches are strategies employed by players to gain a larger share in the market. Stringent policies undertaken by regulatory agencies to reduce carbon emissions is expected to bolster market demand in the coming years.

Automotive Wiring Harness market are coming up with various strategies to stand in the competition


In competitive landscape, the report covers the growth strategies adopted by the companies between 2015 and 2017. The key players adopted various strategies to retain and/or expand their market share.


Sumitomo Electric Industries Ltd. is one of the major player, holding the top position in the global automotive wiring harness market. The company is a global provider of products related to automotive electronics, info-communications, industrial materials and environment and energy. In the automotive segment, the company provides wiring harnesses, anti-vibration rubber products, and other automotive parts. The major focus of the company is on new growth in the current business field, investment in integrated business field, and expansion of customer fields.


Delphi Automotive Plc. is an automotive company, based in the U.K. The company designs and manufactures vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. The Signal and Power Solutions division designs, manufactures, and assembles vehicle’s electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management, electrical centers, and hybrid high voltage and safety distribution systems. It operates 126 major manufacturing facilities and 15 major technical centers across the globe. It has offices in 46 countries, which is focused on developing market relevant products and solutions for customers. The company’s major focus is on increasing its manufacturing footprint in Asian markets, including China, and establishing strong business relationships with Asian automotive manufacturers.


Lear Corporation is headquartered in the U.S. and engaged in the manufacturing of seating assemblies and other components for automotive and aircraft industries. The company operates in 39 countries and has had 18 major acquisitions across the globe. Lear has more than 143 manufacturing facilities in 22 low-cost countries. It serves all of the world’s major automotive manufacturers across businesses and various component categories in both, seating and E-Systems segments. The company’s strategy is to invest in the growth of the business, improve long-term competitiveness, and consistently return cash to shareholders, while maintaining a strong and flexible financial position.


Leoni AG, a German company, has two major business segments namely, wiring systems, and wire & cable solutions.  The wiring systems division provides complete wiring systems and customized cable harnesses for the motor vehicle industry. Its products and services comprise cable harnesses, integrated wiring systems, high-voltage wiring systems for hybrid and electric vehicles, energy distribution components, and special connectors and related services. The compan has more than 86,000 employees in 31 countries.


The other major players operating in this market, who have adopted these strategies are Fujikura Ltd (Japan), PKC Group (Finland), Motherson Sumi Systems (India), Furukawa Electric Co., Ltd. (Japan) and THB Group (China).