Global Two-wheeler Wiring Harness Market 2017-2021

Overview of the global two-wheeler wiring harness market

Owing to the tested and proven engine mechanism, the to-wheeler market is dominated by the traditional internal combustion engine (ICE) two-wheeler segment. However, with the rising global concerns regarding climatic change, the demand for eco-friendly vehicles such as electric two-wheelers is increasing. Technavio’s market research study has identified this increasing demand for electric two-wheelers as one of the primary growth factors for the two-wheeler wiring harness market. The smaller size of the electric motors enables the inclusion of more features. Electric two-wheelers are equipped with high-voltage electric motors powered by larger battery packs that require high voltage wiring designs. With the growing demand for electric two-wheelers, the demand for wiring harnesses will increase in the coming years. Our market analysts estimate that this market will grow steadily at a CAGR of greater than 10% by 2021.

The growing usage of water-proof wiring harnesses is one of the key trends that will gain traction in the two-wheeler wiring harness market during the next few years. OEMs and two-wheeler manufacturers are adopting air-tight sealed connectors over unsealed connectors. Since unsealed connectors are prone to damage and failure such as terminal issues and corrosion of wires, the OEMs are reducing their usage in vehicles. Moreover, the harsh climatic conditions also influence the utilization of waterproof wiring harnesses made of materials such as copper, aluminum, stainless steel, or titanium.

Competitive landscape and key vendors

The two-wheeler wiring harness market is moderately fragmented owing to the presence of few key vendors and several regional vendors. The key players in this motorcycle wiring harness market are increasing their investments in R&D and expanding their consumer base. With the increasing demand for two-wheelers advanced technologies and government regulations, the market’s competitive environment will intensify in the coming years. To attain a competitive advantage over the other players, the vendors have the need to focus more on the quality and design of the materials.

The leading vendors in the market are

• Delphi Automotive*
• LEONI
• Sumitomo Electric Industries
• Samvardhana Motherson
• Furukawa Electric

The other prominent vendors in the market are Lear, MFE, and Viney.   

Segmentation by end-user and analysis of the two-wheeler wiring harness market

• Premium segment
• Mid-segment
• Commuter segment

Commuters will be the major end-users to the two-wheeler wiring harness market due to the increasing sales of two-wheelers and the growing demand for the installation of safety features such as ABS in commuter two-wheelers. The rising number of road accidents that resulted in the introduction of stringent regulations that mandate the installation of safety systems in consumer motorcycles also fuels the market’s growth prospects in this end-user segment.

Geographical segmentation and analysis of the two-wheeler wiring harness market

• Americas
• APAC
• EMEA

APAC will the major revenue contributor to the motorcycle wiring harness market due to the increasing production of commuter two-wheelers and the high demand in countries such as India and China. OEMs in the market are steadily penetrating this region to expand their business and maximize profits. Factors such as technological advancements, developments in engine technologies, and the growing customer preference toward the use of two-wheelers, will drive the growth of the two-wheeler wiring harness market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global two-wheeler wiring harness market?
• What are the key market trends impacting the growth of the global two-wheeler wiring harness market?
• What are the challenges to market growth?
• Who are the key vendors in the global two-wheeler wiring harness market?
• What are the market opportunities and threats faced by the vendors in the global two-wheeler wiring harness market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global two-wheeler wiring harness market?

Technavio also offers customization on reports based on specific client requirement.