Asia-Pacific and Africa Automotive Wiring Harness Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAUTR2869 | Last Updated On: Jun 23 2022 | Available Formats

> Asia-Pacific and Africa Automotive Wiring Harness Market Expected to reach a high CAGR during the forecast period 2022-2029: DataM Intelligence

Asia-Pacific and Africa Automotive Wiring Harness Market is segmented By Type (Standard Wiring Harness, Stereo Relocation Harness, Amplifier Integration Harness, Amplifier Bypass Harness, Chime Retention Harness, Premium Wiring Harness, Others), By Component (Electric Wire (Shielded Wire, Mesh Screen, Stranded Wire, Heat Resistant Wire, Others), Connector (Connector Type, Connector Accessories, Connector Housings, Data Connectivity Systems, Mechatronics, PCB Headers, Power Distribution Boxes, Seals & Cavity Plugs), Connector System (Board-to-Board, Wire-to-Board, Wire-to-Bus Bar, Wire-to-Component, Wire-to-Device, Wire-to-Panel, Wire-to-Wire), Terminals (Ring Terminals, Spade Terminals, Hook Terminals, Quick-Disconnect Terminals, Bullet Terminals, Butt Terminals, Flagged Terminals, Others), Dressing (Bellows, PVC Pipe, Tape, Others), Line Protection Component (Fuse (Fast-Melting, Slow-Melting)), Breaker, Fusible Line, Others), By Material (Metal (Copper, Aluminum, Others), Plastic, Glass, Others), By Standard (Japanese Standard (AVSS), National Standard (QVR), German Standard (FLRY), American Standard AVSS (AVS), Others), By User (Original Equipment Manufacturers (OEM), Aftermarket, Others), By Application (Body Wiring Harness, Engine Wiring Harness, Chassis Wiring Harness, HVAC Wiring Harness, Sensors Wiring Harness, Lighting Wiring Harness, Dashboard Wiring Harness, Battery Wiring Harness, Seat Wiring Harness, Sunroof Wiring Harness, Door Wiring Harness, Others), By End-User (Two Wheelers, Passenger Cars, Commercial Vehicles, Electrical Vehicle, Recreational Vehicles, Others), and By Region – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Asia-Pacific and Africa Automotive Wiring Harness Market is expected to grow at a high CAGR during the forecasting period (2022-2029).

The rise in electric vehicle demand all around the world due to favourable government policies is the major factor for the rise in the automotive wiring harness market

A wiring harness is an organized set of wires, terminals, and connectors that run throughout the entire vehicle and relay information and electric power, thereby playing a critical role in “connecting” a variety of components. Power and information travel through this network much like the circulatory and central nervous systems of the human body

The report covers all the major trends and drivers playing a vital role in the growth of the Asia-Pacific and Africa automotive wiring harness market. The Asia-Pacific and Africa automotive wiring harness market has been segmented based on Region, Type, Component, Material, Standard, User, Application and End-User

Market Dynamics:-

The Asia-Pacific and Africa automotive wiring harness market growth is primarily driven by the rise in electric vehicle sales all around the world owing to the favourable government policies to reduce pollution by switching to electric vehicles. According to International Energy Agency (IEA), in 2017, more than one Billion EVs were sold Asia-Pacific and Africa, with countries like Norway, China, and the US dominating the Asia-Pacific and Africa EVs market in terms of market share

However, the high maintenance cost due to the rusting problem of the metal will hinder the growth of the automotive wiring harness market for the forecast period. Another reason is the availability of the alternate connectors better than the harness. For instance, Panasonic has commercialized a connector with a unique structure that allows direct connection between an automotive FPC (flexible printed circuit) and the board. This connector eliminates the need for wire harnesses previously needed for connection

Segmentation Analysis:-

By Component, the Asia-Pacific and Africa automotive wiring harness market is segmented into Electric Wire, Connectors, Terminals, Dressing, Line Protection components and Others. Terminals have the dominant share in the Component segment and are expected to retain their dominance in the forecast period. However, the rise in the transportation industry due to the growing number of travellers will boost the automotive wiring harness industry. Rising advancement in the technology of the automobile industry such as self-driving is asking for more complex wire harnessing will drive the market for the terminals. However, the connectors will grow with higher CAGR due to the adoption of various safety systems such as airbags, anti-lock braking systems (ABS), and others that use connectors

By End-User, the Asia-Pacific and Africa automotive wiring harness market are segmented into Two Wheelers, Passenger Cars, Commercial Vehicles (Bus, Truck, Heavy Commercial Vehicles, Agricultural Vehicles (Tractor, Harvester, Balers, Others), Others), Electrical Vehicle, Recreational Vehicles and Others. Passenger Cars have the dominant position in the automotive wiring harness Vehicle type segment and is expected to retain their dominance in the forecasted period due to the large demand and sales of passenger cars all around the world. Moreover, the rise in demand for electric passenger cars is also boosting the market for the following period. However, the rising pollution is creating demand for commercial electric vehicles which will boost the market of wiring harnesses for the commercial vehicle segment in the forecast period

Geographical Analysis:-

By geography, the Asia-Pacific and Africa automotive wiring harness market is segmented into Asia-Pacific (APAC) and Africa

 Asia-Pacific holds the largest market share for the automotive wiring harness market due to the increasing sales of passenger cars in the region. The major contributor to the market share in China, Japan, and India. The rise in sales of passenger cars in the region is having a direct impact on the automotive wiring harness market

Africa is after Asia-Pacific in terms of market share in the Asia-Pacific and Africa automotive wiring harness market, due to the rise in the production and sales of commercial vehicles in the region. South Africa and Nigeria are having large sales of commercial vehicles. The growing need for various features such as HVAC and other safety systems in commercial vehicles will be boosting the market for the wiring harness market for the forecast period

Competitive Landscape:-

Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Asia-Pacific and Africa automotive wiring harness market is a fragmented market with the presence of various Asia-Pacific and Africa and regional players in the market. The major players include Delphi Automotive LLP, Furukawa Electric Co. Ltd, Sumitomo Electric Industries Ltd., Lear Corporation, and THB Group. Other key players in the market include SPARK MINDA, Samvardhana Motherson Group, Nexans Auto electric, Yazaki Corporation, and Yura Corporation

In July 2019, A new way of wiring a car has been revealed by electric carmaker Tesla that may greatly improve the production time of upcoming models such as the Model Y and its all-electric Tesla ute. By using the new wiring system as published in a new patent, the EV maker also hopes to avoid the type of issues it faced when it tried to automate the production of the Model 3

In February 2019, Aurangabad-headquartered Dhoot Transmission, the second-largest wiring harness manufacturer in the two-wheeler segment in the country, has acquired San Electronic, Bengaluru-based iconic brand in wire harness and control panel in of highway and railway sector to enhance its portfolio, especially in railways, defence, construction, and speciality vehicle segments

Trending Topics

Automotive Electric Bus Market

Automotive Exhaust Market

Automotive Parts Die Casting Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest