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Automotive Wiring Harness, Connector and Cable Market

Automotive Wiring Harness, Connector and Cable Market

Automotive Wiring Harness, Connector and Cable Market Global Industry Assessment & Forecast

# Pages:

151

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0550

Segments Covered
  • By Product Types Automotive Wiring Harness, Connector, Cable
  • By Application Two Wheelers, Passenger Cars, Commercial Vehicles
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 42.81 Billion
Revenue 2028Revenue 2028: 60.14 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 4.34%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Automotive Wiring Harness, Connector and Cable market was valued at USD 42.81 Billion in 2020 and is projected to reach USD 60.14 Billion by 2028, growing at a CAGR of 4.34%% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 60.14 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 4.34%%

Definition And Overview

Automotive wiring harness is used to transmit power and information to a single system in a vehicle that is made up of an electrical assembly of various components. It transmits information about the operation of the vehicle, sending & receiving sensor signals, and supplying power. Automotive connectors are designed for use in automobile electrical systems and automobile cables are means of transmitting electricity to power various devices equipped on a vehicle.


The global Automotive Wiring Harness, Connector and Cable market was valued at USD 42.81 Billion in 2020 and is projected to reach USD 60.14 Billion by 2028, growing at a CAGR of 4.34%% from 2021 to 2028.

The global Automotive Wiring Harness, Connector and Cable market is segmented into product, application, regions, and countries. The regional segmentation covers current and forecasts demand on the basis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments are analyzed on the basis of current and future trends. The report covers a complete evaluation of the market based on competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 and forecast from 2021 to 2028. 

Yearly Infographics 42.81 Billion 60.14 Billion

COVID-19 Impact Analysis

Outbreak of COVID-19 led various countries impose strict lockdown measures during the initial stages of the pandemic. Numerous companies from different verticals faced challenges due to remote work environments. As a result, companies from various sectors switched to online/virtual platforms to maintain a steady flow in their daily business activities. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Market Insights

The increasing demand for high-performance electric vehicles is anticipated to augment the growth of the automotive wiring harness, connector and cable market during the forecast period. This is owing to the rising demand of the operating voltage across the powertrain components required to drive these vehicles, which increased from handling 48V to 800V.

The implementation of government laws and regulations for vehicular emission mandated automobile manufacturers to use advanced technologies to combat high emission levels in vehicles in various countries. The use of automotive wiring harness not only increases the fuel efficiency but also lower down vehicular emission levels. Hence, incorporation of advanced wiring harness is expected to support the growth of the market.

One of the major concerns for automotive wiring harness, connector and cable manufacturers in the market is to meet and offer reliability and durability standards of their products. The vehicles are equipped with heavy electronic components to control critical systems and needs solutions that are able to withstand both low and high frequency solutions. Hence, all electronic components used in such powertrain systems must be reliable and durable, since failures in such systems have disastrous results. these factors are High initial costs of insulating glass window compared to normal windows are some factors restraining market growth.

Global Automotive Wiring Harness, Connector and Cable Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Product Types, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Yazaki Corporation, Cypress Industries, Molex Incorporated, OasisIndia, Sbee Cables, MSSL, Delphi Automotive, Fujikura, Sumitomo Electric Industries Ltd..
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis

Market Segmentation

Product Types  Analysis: Preview

On the basis of Product Types, the market is segmented into Automotive Wiring Harness, Connector, Cable. Automotive Wiring Harness  held the highest share in 2020 and is expected to grow at a significant rate over the forecast period. This is attributed to the rising demand for the Automotive Wiring Harness in developing countries such as China and India. Digitalization in Asia Pacific region has led to a surge in the usage of technology in various business processes over the past few years. Rising adoption of online platforms across various sectors along with analytical solutions, IoT, AI, and Blockchain technology to gain a competitive advantage is also paving the way for the Automotive Wiring Harness, Connector and Cable market growth.

Application Analysis: Preview

Based on Application, the market is segmented into Two Wheelers, Passenger Cars, Commercial Vehicles. Commercial Car  held the largest share and is projected to grow at a notable CAGR over the coming years. Rising demand for Automotive Wiring Harness, Connector and Cable  in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively.

Global Automotive Wiring Harness, Connector and Cable Market: Product Types Segment Analysis

    • Automotive Wiring Harness
    • Connector
    • Cable

Global Automotive Wiring Harness, Connector and Cable Market: Application Segment Analysis

    • Two Wheelers
    • Passenger Cars
    • Commercial Vehicles

Regional Analysis Preview

On the basis of region, the global Automotive Wiring Harness, Connector and Cable market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region held a leading share of the global Automotive Wiring Harness, Connector and Cable market in 2020. Some of the major countries contributing to the market growth are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. China is considered as the most lucrative country for market players. This is attributed to the presence of major companies operating in the region.

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Automotive Wiring Harness, Connector and Cable Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Automotive Wiring Harness, Connector and Cable market are Yazaki Corporation, Cypress Industries, Molex Incorporated, OasisIndia, Sbee Cables, MSSL, Delphi Automotive, Fujikura, Sumitomo Electric Industries Ltd... The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

Key Highlights – Global Automotive Wiring Harness, Connector and Cable Market

  • Global Automotive Wiring Harness, Connector and Cable Market is projected to reach USD 60.14 Billion by 2028
  • Asia Pacific held the highest share of the Automotive Wiring Harness, Connector and Cable market
  • Automotive Wiring Harness held the largest share of the product segment in the Automotive Wiring Harness, Connector and Cable market
  • Commercial Car held the major share of the application segment in the Automotive Wiring Harness, Connector and Cable market

FAQ
Frequently Asked Question
  • The global Automotive Wiring Harness, Connector and Cable valued at 42.81 Billion in 2020 and is expected to reach 60.14 Billion in 2028 growing at a CAGR of 4.34%%.

  • The prominent players in the market are Yazaki Corporation, Cypress Industries, Molex Incorporated, OasisIndia, Sbee Cables, MSSL, Delphi Automotive, Fujikura, Sumitomo Electric Industries Ltd...

  • The market is project to grow at a CAGR of 4.34%% between 2021 and 2028.

  • The driving factors of the Automotive Wiring Harness, Connector and Cable include

    • The increasing demand for high-performance electric vehicles is anticipated to augment the growth of the automotive wiring harness, connector and cable market during the forecast period. This is owing to the rising demand of the operating voltage across the powertrain components required to drive these vehicles, which increased from handling 48V to 800V.
    • The implementation of government laws and regulations for vehicular emission mandated automobile manufacturers to use advanced technologies to combat high emission levels in vehicles in various countries. The use of automotive wiring harness not only increases the fuel efficiency but also lower down vehicular emission levels. Hence, incorporation of advanced wiring harness is expected to support the growth of the market.

  • Asia Pacific was the leading regional segment of the Automotive Wiring Harness, Connector and Cable in 2020.