Global Automotive Secondary Wiring Harness Market Size By Vehicle Type, By Application, By Material, By Geographic Scope And Forecast
Report ID: 376192|No. of Pages: 202
Global Automotive Secondary Wiring Harness Market Size By Vehicle Type, By Application, By Material, By Geographic Scope And Forecast
Automotive Secondary Wiring Harness Market Size And Forecast
Automotive Secondary Wiring Harness Market size was valued at USD 48.70 Billion in 2023 and is projected to reach USD 64.09 Billion by 2030, growing at a CAGR of 4.1% during the forecast period 2024-2030.
Global Automotive Secondary Wiring Harness Market Drivers
The market drivers for the Automotive Secondary Wiring Harness Market can be influenced by various factors. These may include:
- Increasing the Electrification of Vehicles: The increasing inclination towards electrification of automobiles, encompassing both hybrid and electric models, is fueling the need for additional wiring harnesses to sustain the intricate electrical systems linked to these drivetrains.
- Increasing Production of Automobiles: There is an increased need for secondary wiring harnesses as a result of the general rise in automobile production worldwide. In order to link different electrical components, wire harnesses are becoming more and more necessary as vehicle production grows.
- Technological Progress in Automotive Electronics: The need for more complex wire harnesses to support technologies like infotainment systems, advanced driver assistance systems (ADAS), and in-vehicle networking is driven by continuous improvements in car electronics.
- Strict Safety and Pollution Regulations: Advanced safety and emission control systems must be integrated in order to comply with strict safety and emission regulations. This increases the need for secondary wiring harnesses and necessitates additional wiring.
- Growing Intricacy of Automobile Systems: More extensive wiring is needed due to the increasing complexity of car systems, including engine control units (ECUs), sensors, and electronic parts. Harnesses for secondary wiring are essential for connecting and arranging these parts.
- Growing Customer Requirement for In-Car Technology: In order to support the electrical infrastructure of in-car technology like entertainment systems, navigation systems, and networking features, secondary wire harnesses are required. This is partly due to consumer demand for these features.
- Increasing Interest in Hybrid and Electric Vehicles: The need for specialized secondary wiring harnesses is driven by the growing popularity of electric and hybrid automobiles, which have more intricate electrical systems than conventional vehicles with internal combustion engines.
- Advanced Driver Assistance System (ADAS) Expansion: Advanced secondary wiring harnesses are in high demand as a result of the extensive use of ADAS features like adaptive cruise control, lane departure warning, and collision avoidance systems, which necessitate more cabling.
- Advancements in Technology for Wiring Materials: Constant advancements in wiring material technology, such as lightweight and high-performance materials, help to create secondary wiring harnesses that are more robust and efficient.
- Transition to Electric Power Steering Mechanisms: The need for secondary wiring harnesses to support the electronic components involved in steering control increases with the switch from hydraulic to electric power steering systems.
- Combining Cutting-Edge Infotainment Systems: Secondary wire harnesses are necessary to connect and power the latest infotainment systems that incorporate amenities like touchscreens, connectivity options, and voice recognition systems.
- Trends in Global Connectivity: Increasing trends in worldwide connectivity and the Internet of Things (IoT) boost the demand for wiring harnesses to facilitate communication between various vehicle systems and external networks.
Global Automotive Secondary Wiring Harness Market Restraints
Several factors can act as restraints or challenges for the Automotive Secondary Wiring Harness Market. These may include:
- Cost Pressure and Problems with Pricing: Increased production costs can be caused by the price of sophisticated materials, sophisticated manufacturing techniques, and intricate secondary wiring harnesses. Cost challenges could impede market expansion, particularly in the automotive industry’s price-sensitive divisions.
- Worldwide Supply Chain Upheavals: Events like the COVID-19 pandemic or geopolitical conflicts can generate disruptions in the global supply chain that can affect the availability of raw materials and components required for the fabrication of secondary wiring harnesses.
- Growing Difficulty and Customization Issues: When it comes to the design, construction, and testing of specialized secondary wire harnesses, manufacturers may face difficulties due to the growing complexity of automotive electrical systems and consumer demand for personalization.
- Space and Weight Restrictions: Secondary wire harnesses must be lightweight and space-efficient in order for automobiles to achieve fuel efficiency goals. This restriction can make it more difficult to incorporate new features or technological advancements.
- Problems with Evolving Technologies’ Compatibility: The swift progress in automobile technology could result in incompatibilities between newly developed electronic components or systems and secondary wiring harnesses that are currently in use. This could need redesigns or modifications, which would add to the expense and time.
- Strict Environmental Rules: Restrictions on the materials used in wiring harnesses may be imposed by environmental legislation and the drive for sustainability. The selection and disposal of materials can present issues for businesses in their efforts to comply with environmental regulations.
- Restricted Options for Retrofitting: Because of the limits of current wiring harnesses, retrofitting older automobiles with sophisticated electrical systems and features may be difficult. This restriction may have an effect on secondary wire harness aftermarket sales.
- Sluggish adoption in specific car categories: The demand for complex secondary wire harnesses may be constrained by a slower adoption rate of modern electronic systems in some vehicle segments, especially in developing markets or within specialized vehicle categories.
- Reliance on Trends in Automotive Production: The general patterns in vehicle production are directly related to the need for secondary wiring harnesses. Fluctuations in vehicle production levels can directly effect the need for wire harnesses.
- Concerns about Durability and Reliability: For wire harnesses, durability and dependability are essential. Buying decisions may be influenced by issues with secondary wiring harness performance and longevity.
- Opposition to Electricity: The demand for wiring harnesses related to electrified powertrains may be impacted by customer or market resistance to or slow adoption of electric and hybrid vehicles.
Global Automotive Secondary Wiring Harness Market Segmentation Analysis
The Global Automotive Secondary Wiring Harness Market is Segmented on the basis of Vehicle Type, Application, Material and Geography.
Automotive Secondary Wiring Harness Market, By Vehicle Type
- Passenger Vehicles: Secondary wiring harnesses designed for cars, SUVs, hatchbacks, and other personal vehicles.
- Commercial Vehicles: Wiring harnesses tailored for trucks, buses, and other commercial vehicles.
Automotive Secondary Wiring Harness Market, By Application
- Chassis Wiring Harness: Wiring harnesses that connect various electrical components within the vehicle’s chassis, such as sensors, actuators, and control units.
- Engine Wiring Harness: Wiring harnesses dedicated to connecting electrical components in the engine compartment, including sensors, ignition systems, and fuel injection systems.
- Body Wiring Harness: Wiring harnesses that cover the electrical systems within the vehicle body, including lighting, door locks, windows, and entertainment systems.
Automotive Secondary Wiring Harness Market, By Material
- Copper Wiring Harness: Wiring harnesses using copper conductors for electrical connectivity.
- Aluminum Wiring Harness: Wiring harnesses employing aluminum conductors for reduced weight.
- Other Materials: Wiring harnesses utilizing alternative materials for improved performance or cost-effectiveness.
Automotive Secondary Wiring Harness Market, By Geography
- North America: Market conditions and demand in the United States, Canada, and Mexico.
- Europe: Analysis of the Automotive Secondary Wiring Harness Market in European countries.
- Asia-Pacific: Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa: Examining market dynamics in the Middle East and African regions.
- Latin America: Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Automotive Secondary Wiring Harness Market are:
- Yazaki Corporation
- Sumitomo Electric Industries
- Aptiv PLC
- Furukawa Electric
- Leoni AG
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Yazaki Corporation, Sumitomo Electric Industries, Aptiv PLC, Furukawa Electric, Leoni AG. |
| SEGMENTS COVERED | By Vehicle Type, By Application, By Material and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
Top Trending Reports:
Global Automotive NTC Thermistor Market Size And Forecast
Global Automotive Seat Headrests Market Size And Forecast
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Verified Market Research.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Automotive Secondary Wiring Harness Market, By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles
5. Automotive Secondary Wiring Harness Market, By Application
• Chassis Wiring Harness
• Engine Wiring Harness
• Body Wiring Harness
6. Automotive Secondary Wiring Harness Market, By Material
• Copper Wiring Harness
• Aluminum Wiring Harness
• Other Materials
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• Yazaki Corporation
• Sumitomo Electric Industries
• Aptiv PLC
• Furukawa Electric
• Leoni AG
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
