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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.
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
The other prominent vendors in the market are Lear, MFE, and Viney.
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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: MARKET SEGMENTATION BY END-USER
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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