HOME Research Insight Market Leaders - Automotive Wiring Harness Market



Market Leaders - Automotive Wiring Harness Market


Increased demand for high-end vehicles and growing stringency of emission regulations has changed the market dynamics for automotive wiring harness manufacturers. Along with this, the leading OEMs are also adopting collaboration strategies with local players in order to expand their product base and customers. These factors are driving innovations in automotive technologies and products. One such innovation is the light weight wiring harness used in various applications of automotive industry. The automotive wiring harness market has witnessed significant growth in developing countries. Vehicle production is growing in China, India, and a few countries of the Rest of the World region such as Russia and Brazil. OEMs are targeting emerging economies for vehicle production and expanding their existing capacities in these countries.

The global automotive wiring harness market is projected to grow at a CAGR of 7.5% from 2016 to 2021. The Asia-Pacific and Rest of the World (the Middle East and South America) regions show greater demand for automotive wiring harness, on account of increasing installation rate of high-end electronic features in passenger cars, upcoming legislation mandating safety technologies and growing demand for light and heavy vehicles in emerging markets such as China, Southeast Asia, India, and Russia. Asia-Pacific accounts for the largest market share of the automotive wiring harness market followed by North America, Europe and Rest of the World. China has the maximum share in the automotive wiring harness market of Asia-Pacific.

The automotive wiring harness market is dominated by a few global players and many regional players. Few of the key players are Yazaki Corporation (Japan), Sumitomo Electric Industries Ltd (Japan), Delphi Automotive LLP (U.K.), Lear Corporation (U.S.), Leoni AG (Germany), and Samvardhana Motherson Group (India). The top three players that are mentioned above accounted for about 70% of the market share in 2015. Yazaki Corporation is a global automotive component supplier with a major focus on wiring harnesses and its components such as connectors and terminals. The company is considered to be the worlds largest automotive wiring harness producer and holds one-third of the global market share. Yazaki Group comprises of about 170 subsidiary companies; more than half of these are outside of Japan (including Yazaki North America) in almost 40 countries.

Another major player is Lear Corporation, which is one of the largest suppliers of automotive seating and electrical distribution systems around the globe. The company is trying to expand its global footprint with new product development, joint agreements, and collaborations. For instance, Lear Corporation has entered into around 24 joint ventures with different companies from the automobile industry, which gives it an edge in the excessively competitive automotive market.

Other major players in the automotive wiring harness manufacturing market are mainly focusing on expanding their regional presence in order to achieve continuous and sustainable development. This is evident from several collaborations and joint ventures these companies have undertaken in recent years.

Related Reports:

Automotive Wiring Harness Market by Application (Chassis, Body, Engine, HVAC, and Speed Sensors), Vehicle Type (Light, and Heavy), EV Type (PHEV, BEV, and HEV), Component Type (Connectors, Terminals), Material Type, and Region - Global Forecast to 2021

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