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Automotive Secondary Wiring Harness Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71829
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The automotive secondary wiring harness market share is expected to increase by USD 8.02 bn from 2021 to 2026, at a CAGR of 13.18%.

This automotive secondary wiring harness market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive secondary wiring harness market segmentation by application (sensors and HVAC) and geography (APAC, Europe, North America, South America, and MEA). The automotive secondary wiring harness market report also offers information on several market vendors, including Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Minda Corp. Ltd., Motherson Sumi Systems Ltd., Nexans autoelectric GmbH, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., and YURA Corp. among others.

What will the Automotive Secondary Wiring Harness Market Size be During the Forecast Period?

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Automotive Secondary Wiring Harness Market: Key Drivers and Trends

The increasing demand for battery electric vehicles is notably driving the automotive secondary wiring harness market growth, although factors such as stringent regulatory norms and standards for automotive wiring may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive secondary wiring harness industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Secondary Wiring Harness Market Driver

The significant growth in the demand for battery electric vehicles in the past few years is one of the key factors driving the automotive secondary wiring harness market growth. There has been an elevation in the sales of electric vehicles and these vehicles use all-electric powertrains systems and components, which are estimated to drive the growth of the market in focus during the forecast period. The enhancements in these vehicles in terms of technology and charging infrastructure and improving socio-economic conditions are fueling sales of electronic vehicles, harnessing the global automotive secondary wiring growth.

Key Automotive Secondary Wiring Harness Market Challenge

The imposition of stringent regulatory norms and standards of automotive wiring is a major challenge for the growth of the automotive secondary wiring market. The regulatory norms are for governing safe vehicular emissions, which pose a challenge for the manufacturers of secondary wiring harnesses. As an integral part of vehicles, automotive wiring harnesses transfer electrical signals and data. Regulations and stringent policies are imposed for achieving quality standards by the manufacturers of wiring harness to achieve automotive safety. Thus, regulatory norms are expected to become more stringent during the forecast period, making it difficult for the automotive secondary wiring harness market vendors.

This automotive secondary wiring harness market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Automotive Secondary Wiring Harness Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Fujikura Ltd.
  • Furukawa Electric Co. Ltd.
  • Leoni AG
  • Minda Corp. Ltd.
  • Motherson Sumi Systems Ltd.
  • Nexans autoelectric GmbH
  • Sumitomo Electric Industries Ltd.
  • Tianhai Auto Electronics Group Co. Ltd.
  • Yazaki Corp.
  • YURA Corp.

 

This statistical study of the automotive secondary wiring harness market encompasses successful business strategies deployed by the key vendors. The automotive secondary wiring harness market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive secondary wiring harness market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Automotive Secondary Wiring Harness Market?

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58% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the automotive secondary wiring harness market in APAC. Market growth in this region will be faster than the growth of the market in rest of the regions.

The rise in production and sales of automobiles will facilitate the automotive secondary wiring harness market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Automotive Secondary Wiring Harness Market?

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The automotive secondary wiring harness market share growth by the sensors segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive secondary wiring harness market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Secondary Wiring Harness Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 13.18%

Market growth 2022-2026

$ 8.02 billion

Market structure

Fragmented

YoY growth (%)

16.78

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 58%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Minda Corp. Ltd., Motherson Sumi Systems Ltd., Nexans autoelectric GmbH, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., and YURA Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Automotive Secondary Wiring Harness Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive secondary wiring harness market growth during the next five years
  • Precise estimation of the automotive secondary wiring harness market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive secondary wiring harness industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive secondary wiring harness market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Sensors - Market size and forecast 2021-2026
    • HVAC - Market size and forecast 2021-2026
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Fujikura Ltd.
      • Furukawa Electric Co. Ltd.
      • Leoni AG
      • Minda Corp. Ltd.
      • Motherson Sumi Systems Ltd.
      • Nexans autoelectric GmbH
      • Sumitomo Electric Industries Ltd.
      • Tianhai Auto Electronics Group Co. Ltd.
      • Yazaki Corp.
      • YURA Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The automotive secondary wiring harness market growth will increase by $8022.09 million during 2021-2026.
      The automotive secondary wiring harness market is expected to grow at a CAGR of 13.18% during 2021-2026.
      Technavio has segmented the automotive secondary wiring harness market by application (Sensors and HVAC) and geographic (APAC, Europe, North America, South America, and MEA).
      Fujikura Ltd., Furukawa Electric Co. Ltd., Leoni AG, Minda Corp. Ltd., Motherson Sumi Systems Ltd., Nexans autoelectric GmbH, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., YURA Corp. are a few of the key vendors in the automotive secondary wiring harness market.
      APAC will register the highest growth rate of 57.77% among the other regions. Therefore, the automotive secondary wiring harness market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Japan
      • Germany
      • South Korea (Republic of Korea)
      The key factors driving the automotive secondary wiring harness market growth are:
      • Increasing demand for battery electric vehicles
      The automotive secondary wiring harness market vendors should focus on grabbing business opportunities from the sensors segment as it accounted for the largest market share in the base year.
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