What is Car Wiring Harness Market?
A set of wires, terminals and connectors refers to the wiring harness. It is installed throughout the vehicle to transmit information and power to the components. The advanced features in automobile require the wire harness to connect and meet the requirements. It transfers the electrical signal to engine, power windows, navigation systems, meters, lights, entertainment systems and other safety components. In addition, it consists of different types of wires which are used for heat and cold resistance.
The market study is being classified by Type (Body Wiring Harness, Engine Wiring Harness, Chassis Wiring Harness, HVAC Wiring Harness and Sensors Wiring Harness) and major geographies with country level break-up.
Yazaki Corporation (Japan), Sumitomo (Japan), Leoni (Germany), Lear (United States), Yura (South Korea), Fujikura (Japan), Furukawa Electric (Japan), PKC (Finland), Nexans Autoelectric (Germany) and Kromberg & Schubert (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are THB Group (United Kingdom) and Coroplast (United States).
Research Analyst at AMA predicts that Europe Vendors will contribute to the maximum growth of Global Car Wiring Harness market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Car Wiring Harness market by Type, Application and Region.
On the basis of geography, the market of Car Wiring Harness has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing demand of high speed data transmission
- Rising installation of augmented dashboards, automatic door locking, automatic gear box and others
Market Trend
- Use of CAD tools for designing wire harness for past few years
Opportunities
- Rising demand of luxury and safety features are boosting the growth
Challenges
- Variety of connectors and terminals are the major challenge in the wire harness manufacturing. Due to the IPR issues the connectors can be copied which results in variety of terminal designs. At the vehicle level, there is very less scope for reduction of variety. These factors are challenging the design of wire harness.
Market Leaders and some development strategies
In April 2019, Lear Corporation has entered into the agreement to acquire Seattle based Xevo Inc. which is an automotive software supplier. This acquisition helps the company to strengthen the position.
In 2018, there has been development in wiring harness as ecofriendly products such as high voltage wiring harness systems for HEV and EV. Also, the weight saving wiring harness systems are introduced for fuel efficiency.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations