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Wire Harness Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 139
  • SKU: IRTNTR40441
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The wire harness market share is expected to increase to USD 35.17 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.7%. One of the key highlights of this report is the valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Wire Harness Market Size be During the Forecast Period?

Wire Harness Market Size

Download the Free Report Sample to Unlock the  Market Size for the Forecast Period and Other Important Statistics

The market report also offers information on several market vendors, including Aptiv Plc, BorgWarner Inc., Coroplast Fritz Muller GmbH and Co. KG, Cypress Holdings Ltd. dba Cypress Industries, Fujikura Co. Ltd., Furukawa Electric Co. Ltd., Kromberg and Schubert Automotive GmbH and Co. KG, Kyungshin Co. Ltd., Lear Corp., Leoni AG, Minda Corp. Ltd., Molex LLC, Motherson Sumi Systems Ltd., Nexans SA, Pacific Insight Electronics Corp., Prysmian Spa, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., and YURA Corp. among others.

 

Who are the Major Wire Harness Market Vendors?

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

 

  • Aptiv Plc
  • BorgWarner Inc.
  • Coroplast Fritz Muller GmbH and Co. KG
  • Cypress Holdings Ltd. dba Cypress Industries
  • Fujikura Co. Ltd.
  • Furukawa Electric Co. Ltd.
  • Kromberg and Schubert Automotive GmbH and Co. KG
  • Kyungshin Co. Ltd.
  • Lear Corp.
  • Leoni AG
  • Minda Corp. Ltd.
  • Molex LLC
  • Motherson Sumi Systems Ltd.
  • Nexans SA
  • Pacific Insight Electronics Corp.
  • Prysmian Spa
  • Sumitomo Electric Industries Ltd.
  • Tianhai Auto Electronics Group Co. Ltd.
  • Yazaki Corp.
  • YURA Corp.

 

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

Product Insights and News

  • LEONI AG - The company offers a wide range of wiring systems such as Engine harnesses, Full EDS architecture, and Technical sub harnesses.
  • LEONI AG - Under the wiring systems segment, the company provides complete wiring systems and customized cable harnesses for the motor vehicle industry. The products and services include the development and production of sophisticated cable harnesses, high voltage wiring systems for hybrid and electric vehicles, special connectors, integrated wiring systems, and energy distribution components.

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 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.

Parent Market Analysis

Technavio categorizes the global wire harness market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Wire Harness Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Wire Harness Market?

Wire Harness Market Market segmentation by region

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47% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for wire harnesses in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The presence of several domestic car manufacturers, increasing smartphone penetration, and rapid increase in rural subscribers will facilitate the 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.

COVID Impact and Recovery Analysis

In 2020, the market in focus witnessed a decline due to the outbreak of COVID-19. Countries such as China and India were severely affected by the pandemic. Governments of most countries in APAC introduced emergency legislation that imposed restrictions on business activities and social gatherings. However, in 2021, the lifting of lockdown restrictions and the resumption of various industrial activities, such as those in the manufacturing, aerospace industry, and other industries, increased the demand for wire harnesses significantly. Hence, it is expected to positively impact the regional market in focus during the forecast period.

What are the Revenue-generating Application Segments in the Wire Harness Market?

Wire Harness Market Segmentation

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The market share growth by the automotive segment will be significant during the forecast period. Devices such as speakers, GPS, advanced automated controls, and anti-lock braking systems (ABS) use wire harnesses to transmit electrical power or signals from one point to another. Thus, the rapid growth of the automotive industry will drive the growth of the market in the forecast years. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

Wire Harness Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing automotive sales is notably driving the market growth, although factors such as the short life cycle of wire harnesses may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wire harness industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Market Driver

  • One of the key factors driving the global wire harness industry growth is the increasing automotive sales.
  • Wire harness enables energy transmission and communication between all the components in vehicles.
  • The market is witnessing rapid advances and the upgrade of existing equipment, which is expected to increase the adoption of wire harnesses during the forecast period.
  • A major share of the growth is contributed by developing countries such as China and India owing to the rapid increase in economic activities and increased income levels of people, which have fueled the demand for small- and medium-price ranged passenger cars among the middle-income group.
  • The US contributed a significant share to the growth of light trucks and sports utility vehicles over the past few years.
  • Governments are issuing bans on older vehicles to reduce pollution rates, which will further support the market growth in the forecast years.

Key Market Trend

  • The increasing use of wire harnesses in the EV sector is one of the key market trends that is expected to impact the industry positively in the forecast period. 
  • Many countries, such as the US, Germany, China, the Netherlands, and the UK, have already taken initiatives to promote EVs by offering various subsidies to manufacturers and buyers.
  • In China, the government offers subsidies for the purchase of EVs.
  • In India, the government provides tax benefits on the purchase of EVs and is also focusing on shifting public transport to electric vehicles.
  • With the growing demand for EVs, there will be an increase in the demand for wire harnesses.
  • Government policies, coupled with environmental concerns, will further propel the demand for EVs in the forecast years.

Key Market Challenge

  • One of the key challenges to the global wire harness industry growth is the short life cycle of wire harnesses.
  • Dynamic consumer expectations and technological innovations are increasing the pressure on wire harness manufacturers to offer improved products for OEMs and tier-1 suppliers.
  • The continuous launch of new products increases the need to reduce the cycle time for automobile production to sustain itself in the competitive market.
  • The entire value chain of the automotive industry is adversely affected by the short lifespan of vehicles and automotive electronic components. For instance;
    • An automotive wiring harness manufacturer requires about 5-8 months to design and develop a prototype, after which the manufacturer tests the product for automotive-grade compliance for about 1-2 years.
    • The whole procedure takes approximately 1.5-3 years for an automotive wiring harness to reach the commercial production stage from the prototype stage.
  • Such factors may challenge the growth of the market during the forecast period.

This 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.

 

Wire Harness Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.7%

Market growth 2022-2026

$ 35.17 billion

Market structure

Concentrated

YoY growth (%)

4.7

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aptiv Plc, BorgWarner Inc., Coroplast Fritz Muller GmbH and Co. KG, Cypress Holdings Ltd. dba Cypress Industries, Fujikura Co. Ltd., Furukawa Electric Co. Ltd., Kromberg and Schubert Automotive GmbH and Co. KG, Kyungshin Co. Ltd., Lear Corp., Leoni AG, Minda Corp. Ltd., Molex LLC, Motherson Sumi Systems Ltd., Nexans SA, Pacific Insight Electronics Corp., Prysmian Spa, 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

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What are the Key Data Covered in this Wire Harness Market Report?

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

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Automotive - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
    • 5.4 Telecom - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Telecom - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Telecom - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Telecom - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Telecom - Year-over-year growth 2021-2026 (%)
    • 5.5 Medical - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Medical - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Medical - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Medical - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Medical - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 44: Market opportunity by Application ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Aptiv Plc
              • Exhibit 97: Aptiv Plc - Overview
              • Exhibit 98: Aptiv Plc - Business segments
              • Exhibit 99: Aptiv Plc - Key news
              • Exhibit 100: Aptiv Plc - Key offerings
              • Exhibit 101: Aptiv Plc - Segment focus
            • 10.4 Fujikura Co. Ltd.
              • Exhibit 102: Fujikura Co. Ltd. - Overview
              • Exhibit 103: Fujikura Co. Ltd. - Business segments
              • Exhibit 104: Fujikura Co. Ltd. - Key news
              • Exhibit 105: Fujikura Co. Ltd. - Key offerings
              • Exhibit 106: Fujikura Co. Ltd. - Segment focus
            • 10.5 Furukawa Electric Co. Ltd.
              • Exhibit 107: Furukawa Electric Co. Ltd. - Overview
              • Exhibit 108: Furukawa Electric Co. Ltd. - Business segments
              • Exhibit 109: Furukawa Electric Co. Ltd. - Key offerings
              • Exhibit 110: Furukawa Electric Co. Ltd. - Segment focus
            • 10.6 Lear Corp.
              • Exhibit 111: Lear Corp. - Overview
              • Exhibit 112: Lear Corp. - Business segments
              • Exhibit 113: Lear Corp. - Key news
              • Exhibit 114: Lear Corp. - Key offerings
              • Exhibit 115: Lear Corp. - Segment focus
            • 10.7 Leoni AG
              • Exhibit 116: Leoni AG - Overview
              • Exhibit 117: Leoni AG - Business segments
              • Exhibit 118: Leoni AG - Key offerings
              • Exhibit 119: Leoni AG - Segment focus
            • 10.8 Nexans SA
              • Exhibit 120: Nexans SA - Overview
              • Exhibit 121: Nexans SA - Business segments
              • Exhibit 122: Nexans SA - Key offerings
              • Exhibit 123: Nexans SA - Segment focus
            • 10.9 Sumitomo Electric Industries Ltd.
              • Exhibit 124: Sumitomo Electric Industries Ltd. - Overview
              • Exhibit 125: Sumitomo Electric Industries Ltd. - Business segments
              • Exhibit 126: Sumitomo Electric Industries Ltd. - Key news
              • Exhibit 127: Sumitomo Electric Industries Ltd. - Key offerings
              • Exhibit 128: Sumitomo Electric Industries Ltd. - Segment focus
            • 10.10 Tianhai Auto Electronics Group Co. Ltd.
              • Exhibit 129: Tianhai Auto Electronics Group Co. Ltd. - Overview
              • Exhibit 130: Tianhai Auto Electronics Group Co. Ltd. - Product / Service
              • Exhibit 131: Tianhai Auto Electronics Group Co. Ltd. - Key offerings
            • 10.11 Yazaki Corp.
              • Exhibit 132: Yazaki Corp. - Overview
              • Exhibit 133: Yazaki Corp. - Product / Service
              • Exhibit 134: Yazaki Corp. - Key offerings
            • 10.12 YURA Corp.
              • Exhibit 135: YURA Corp. - Overview
              • Exhibit 136: YURA Corp. - Product / Service
              • Exhibit 137: YURA Corp. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 138: Inclusions checklist
                • Exhibit 139: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 140: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 141: Research methodology
                • Exhibit 142: Validation techniques employed for market sizing
                • Exhibit 143: Information sources
              • 11.5 List of abbreviations
                • Exhibit 144: List of abbreviations
              • adoption of automation in manufacturing the process: The requirement of automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address optimization of processes, extend the level of autonomous processes, continuous monitoring and control of process parameters and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.

                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
                Technavio

                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
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                Wire Harness Market market growth will increase by $35.17 billion during 2022-2026.
                The wire harness market market is expected to grow at a CAGR of 5.7% during 2022-2026.
                Technavio has segmented the wire harness market market by application (Automotive, Telecom, Medical, and Others) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
                Aptiv Plc, BorgWarner Inc., Coroplast Fritz Muller GmbH and Co. KG, Cypress Holdings Ltd. dba Cypress Industries, Fujikura Co. Ltd., Furukawa Electric Co. Ltd., Kromberg and Schubert Automotive GmbH and Co. KG, Kyungshin Co. Ltd., Lear Corp., Leoni AG, Minda Corp. Ltd., Molex LLC, Motherson Sumi Systems Ltd., Nexans SA, Pacific Insight Electronics Corp., Prysmian Spa, Sumitomo Electric Industries Ltd., Tianhai Auto Electronics Group Co. Ltd., Yazaki Corp., YURA Corp. are a few of the key vendors in the wire harness market market.
                APAC will register the highest growth rate of 47% among the other regions. Therefore, the wire harness market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                • US
                • China
                • Japan
                • India
                • Germany
                The key factors driving the wire harness market market growth are:
                • Increasing automotive sales
                • Increasing use of wire harnesses in EV sector
                The wire harness market market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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