NEW YORK, July 20, 2023 /PRNewswire/ — The wire harness market size is estimated to grow by USD 35.17 billion from 2021 to 2026 at a CAGR of 5.7% according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including Aptiv Plc, BorgWarner Inc., Coroplast Fritz Muller GmbH and Co. KG, Cypress Holdings Ltd. dba Cypress Industries, Fujikura Co. Ltd., Furukawa Electric Co. Ltd., Kromberg and Schubert Automotive GmbH and Co. KG, Kyungshin Co. Ltd., Lear Corp., Leoni AG, Minda Corp. Ltd., Molex LLC, Motherson Sumi Systems Ltd., Nexans SA, Pacific Insight Electronics Corp., Prysmian Spa, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., and YURA Corp.

Wire harness market insights –

• Vendors: 15+, Including Aptiv Plc, BorgWarner Inc., Coroplast Fritz Muller GmbH and Co. KG, Cypress Holdings Ltd. dba Cypress Industries, Fujikura Co. Ltd., Furukawa Electric Co. Ltd., Kromberg and Schubert Automotive GmbH and Co. KG, Kyungshin Co. Ltd., Lear Corp., Leoni AG, Minda Corp. Ltd., Molex LLC, Motherson Sumi Systems Ltd., Nexans SA, Pacific Insight Electronics Corp., Prysmian Spa, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., and YURA Corp., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Application (Automotive, Telecom, Medical, and Others) and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

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Wire harness market – Customer Landscape

To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Key Market Driver- The global wire harness market is driven by rising automotive sales. The market is experiencing rapid advancements and upgrades in existing equipment, leading to increased adoption of wire harnesses in the forecast period. Developing countries like China and India, with their growing economic activities and increased income levels, are major contributors to the market growth, particularly for small- and medium-priced passenger cars targeted at the middle-income group. The US market has also witnessed significant growth in light trucks and sports utility vehicles in recent years. Additionally, government-imposed bans on older vehicles to reduce pollution rates will further support the market’s growth in the coming years.

Key Market Trend- The use of wire harnesses in the electric vehicle (EV) sector is a key market trend that will have a positive impact on the market growth in the forecast period. Various countries, including the US, Germany, China, the Netherlands, and the UK, have implemented initiatives to promote EVs, offering subsidies to manufacturers and buyers. For example, in China, there are government subsidies available for EV purchases, while in India, tax benefits are provided for EV purchases, and efforts are being made to shift public transport to electric vehicles. As the demand for EVs continues to grow, the demand for wire harnesses will also increase. Government policies and environmental concerns will further drive the demand for EVs in the forecast years.

Key Market Challenge- The short life cycle of wire harnesses is a significant challenge hindering market growth. The increasing consumer expectations and technological advancements are putting pressure on wire harness manufacturers to enhance their products for original equipment manufacturers (OEMs) and tier-1 suppliers. The rapid introduction of new products necessitates the reduction of cycle times in automobile production to remain competitive in the market. The short lifespan of vehicles and automotive electronic components negatively impacts the entire value chain of the automotive industry. For instance, an automotive wiring harness manufacturer typically takes around 5-8 months to design and develop a prototype, followed by 1-2 years of testing for automotive-grade compliance. From the prototype stage to commercial production, it takes approximately 1.5-3 years for an automotive wiring harness. Such factors pose challenges to the market’s growth during the forecast period.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

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What are the key data covered in this wire harness market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the wire harness market between 2022 and 2026
• Precise estimation of the wire harness market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the wire harness market across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of wire harness market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021 

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis – Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 24: Chart on Application – Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application – Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Automotive – Market size and forecast 2021-2026
• Exhibit 28: Chart on Automotive – Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Automotive – Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Automotive – Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Automotive – Year-over-year growth 2021-2026 (%)

• 5.4 Telecom – Market size and forecast 2021-2026
• Exhibit 32: Chart on Telecom – Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on Telecom – Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on Telecom – Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Telecom – Year-over-year growth 2021-2026 (%)

• 5.5 Medical – Market size and forecast 2021-2026
• Exhibit 36: Chart on Medical – Market size and forecast 2021-2026 ($ billion)
• Exhibit 37: Data Table on Medical – Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Chart on Medical – Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Medical – Year-over-year growth 2021-2026 (%)

• 5.6 Others – Market size and forecast 2021-2026
• Exhibit 40: Chart on Others – Market size and forecast 2021-2026 ($ billion)
• Exhibit 41: Data Table on Others – Market size and forecast 2021-2026 ($ billion)
• Exhibit 42: Chart on Others – Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Others – Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by Application 
• Exhibit 44: Market opportunity by Application ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 46: Chart on Market share by geography 2021-2026 (%)
• Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 48: Chart on Geographic comparison
• Exhibit 49: Data Table on Geographic comparison

• 7.3 APAC – Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)

• 7.4 Europe – Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe – Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on Europe – Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 7.5 North America – Market size and forecast 2021-2026
• Exhibit 58: Chart on North America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on North America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 7.6 South America – Market size and forecast 2021-2026
• Exhibit 62: Chart on South America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on South America – Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on South America – Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America – Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa – Market size and forecast 2021-2026 
• Exhibit 66: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

• 7.8 China – Market size and forecast 2021-2026
• Exhibit 70: Chart on China – Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on China – Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)

• 7.9 US – Market size and forecast 2021-2026
• Exhibit 74: Chart on US – Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on US – Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US – Year-over-year growth 2021-2026 (%)

• 7.10 Japan – Market size and forecast 2021-2026
• Exhibit 78: Chart on Japan – Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on Japan – Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on Japan – Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Japan – Year-over-year growth 2021-2026 (%)

• 7.11 Germany – Market size and forecast 2021-2026
• Exhibit 82: Chart on Germany – Market size and forecast 2021-2026 ($ billion)
• Exhibit 83: Data Table on Germany – Market size and forecast 2021-2026 ($ billion)
• Exhibit 84: Chart on Germany – Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Germany – Year-over-year growth 2021-2026 (%)

• 7.12 India – Market size and forecast 2021-2026
• Exhibit 86: Chart on India – Market size and forecast 2021-2026 ($ billion)
• Exhibit 87: Data Table on India – Market size and forecast 2021-2026 ($ billion)
• Exhibit 88: Chart on India – Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on India – Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 90: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers 

• 8.2 Market challenges 

• 8.3 Impact of drivers and challenges 
• Exhibit 91: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends 

9 Vendor Landscape

• 9.1 Overview 

• 9.2 Vendor landscape 
• Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 93: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 94: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 95: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 96: Matrix on vendor position and classification

• 10.3 Aptiv Plc 
• Exhibit 97: Aptiv Plc – Overview
• Exhibit 98: Aptiv Plc – Business segments
• Exhibit 99: Aptiv Plc – Key news
• Exhibit 100: Aptiv Plc – Key offerings
• Exhibit 101: Aptiv Plc – Segment focus

• 10.4 Fujikura Co. Ltd. 
• Exhibit 102: Fujikura Co. Ltd. – Overview
• Exhibit 103: Fujikura Co. Ltd. – Business segments
• Exhibit 104: Fujikura Co. Ltd. – Key news
• Exhibit 105: Fujikura Co. Ltd. – Key offerings
• Exhibit 106: Fujikura Co. Ltd. – Segment focus

• 10.5 Furukawa Electric Co. Ltd. 
• Exhibit 107: Furukawa Electric Co. Ltd. – Overview
• Exhibit 108: Furukawa Electric Co. Ltd. – Business segments
• Exhibit 109: Furukawa Electric Co. Ltd. – Key offerings
• Exhibit 110: Furukawa Electric Co. Ltd. – Segment focus

• 10.6 Lear Corp. 
• Exhibit 111: Lear Corp. – Overview
• Exhibit 112: Lear Corp. – Business segments
• Exhibit 113: Lear Corp. – Key news
• Exhibit 114: Lear Corp. – Key offerings
• Exhibit 115: Lear Corp. – Segment focus

• 10.7 Leoni AG 
• Exhibit 116: Leoni AG – Overview
• Exhibit 117: Leoni AG – Business segments
• Exhibit 118: Leoni AG – Key offerings
• Exhibit 119: Leoni AG – Segment focus

• 10.8 Nexans SA 
• Exhibit 120: Nexans SA – Overview
• Exhibit 121: Nexans SA – Business segments
• Exhibit 122: Nexans SA – Key offerings
• Exhibit 123: Nexans SA – Segment focus

• 10.9 Sumitomo Electric Industries Ltd. 
• Exhibit 124: Sumitomo Electric Industries Ltd. – Overview
• Exhibit 125: Sumitomo Electric Industries Ltd. – Business segments
• Exhibit 126: Sumitomo Electric Industries Ltd. – Key news
• Exhibit 127: Sumitomo Electric Industries Ltd. – Key offerings
• Exhibit 128: Sumitomo Electric Industries Ltd. – Segment focus

• 10.10 Tianhai Auto Electronics Group Co. Ltd.
• Exhibit 129: Tianhai Auto Electronics Group Co. Ltd. – Overview
• Exhibit 130: Tianhai Auto Electronics Group Co. Ltd. – Product / Service
• Exhibit 131: Tianhai Auto Electronics Group Co. Ltd. – Key offerings

• 10.11 Yazaki Corp. 
• Exhibit 132: Yazaki Corp. – Overview
• Exhibit 133: Yazaki Corp. – Product / Service
• Exhibit 134: Yazaki Corp. – Key offerings

• 10.12 YURA Corp. 
• Exhibit 135: YURA Corp. – Overview
• Exhibit 136: YURA Corp. – Product / Service
• Exhibit 137: YURA Corp. – Key offerings

11 Appendix

• 11.1 Scope of the report 

• 11.2 Inclusions and exclusions checklist
• Exhibit 138: Inclusions checklist
• Exhibit 139: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 140: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 141: Research methodology
• Exhibit 142: Validation techniques employed for market sizing
• Exhibit 143: Information sources

• 11.5 List of abbreviations 
• Exhibit 144: List of abbreviations

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