Automotive wiring harness market across the globe is witnessing and upward trend owing to improving statistics in vehicle sales across the world. Considering the global light vehicle unit sales (Year-to-Date) in February 2017, which stood at 14.47 million units as compared to 13.73 million units during same month in 2016 (Year-To-Date), which represents over 5 percent increase in sales volume.
In addition to rising automobile sales, the automotive wiring harness market has also witnessed growth in recent years due to increase in electronic components in modern automobiles. The Anti-lock Braking System, Electronic Steering Wheel, Brake Assist, Stability Programs, and others have become a standard features in modern automobile assembly line.
Since all such electronic components are installed, the demand for automotive wiring harness has increased over the past few years across the globe. The spur in demand for electric & hybrid electric vehicles has also resulted in increased demand for automotive wiring harness market since these vehicle uses complex electrical distribution system, using vast length of cables and connectors as compared to conventional fuel vehicles.
Although, the North American market, primarily the United States dominates the global automotive wiring harness market, rapid growth is likely to be witnessed in Asia-Pacific region in years to come owing increasing demand for automobiles in the region. Within Asia-Pacific region, China is anticipated to represent highest growth rate in coming years due to increasing growth rate demand for vehicle in China.
Ministry of Industry and Information Technology (MIIT) estimates that the number of vehicles registered in the country is expected to exceed 200 million through the end of 2020, from 154 million in 2014.
Amongst the vehicle types, automotive wiring harness market is expected to register higher growth rate in passenger vehicles as compared to commercial vehicles through the forecast period. Further, due to the fact that electric vehicle market in in the nascent stage, the demand for automotive wiring harness is expected to proliferate in coming years.
The global automotive wiring harness market is segmented as follows:
Sumitomo Electric Industries, Ltd., Furukawa Electric Co., Ltd., Lear Corporation, Samvardhana Motherson Group (SMG), LEONI AG, Further, amongst others.
Market Research Approach
Bottom-Up approach was used to analyse the market. Under this approach, market demand, supply and capacity was forecast by adding state-wise demand, supply and capacity in the country for a product type, product sub-segments, technology and end-user application.
Market Research Methodology
Primary and Secondary Research was utilized for data collection and triangulation. Data was collected using techniques like interviews, surveys, focus groups, and market observations. A primary survey was conducted using our proprietary SurveyIntel Pro © Model to analyse consumer buying behaviour trends in terms of behavior that consumers display in searching for, purchasing, using, evaluating, and disposing of products and to address what, when, where, how, and from whom to purchase questions.
Primary Survey Respondents included:
Secondary Research included reports published by Industry Associations, Government Agencies, Marketing Journals, Economic Journals, Technology Journals and databases such as, Hoovers, Bloomberg, Chemical Weekly, Factiva et al.
Market Share, Volume & Value, Price, Profitability trends were analysed using time-series and econometric data analytics techniques using our EcoAnlayticsPro © Model. A detailed Competitor Analysis was conducted using our MarketIntel Pro © artificial intelligence based model to profile key market players and their reaction patterns. Supply and Value Chain Analysis was conducted using the Structured Rational Decision-Making model which focuses on strategic decision-making in supply chain.
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Global Automotive Wiring Harness Market 2017-22: Analytics, Value Chain, Strategy, Investment, Pricing and Competitor Mapping, By Application Area (Chassis, HVAC, Engine, Sensors, Body), Vehicle Types (Passenger, Commercial, Electric Vehicle – HEV, PHEV, BEV) and Geographical Regions
1. Research Methodology
1.1. Primary Research
1.2. Statistical and econometrics Techniques
1.2.1. Time Series Analysis
1.2.2. Regression Analysis
1.3. Qualitative Techniques
1.4 Secondary Research
1.5. Scenario Analysis
1.6. Data Sources
2. Executive Summary
2.2. Historical trends
2.3. Current Trends
2.4. Future outlook
3. Product Classification and Specifications
3.1. Product Type
3.2. Product Application
4. Technology Paradigm and Evolution
4.1. Existing Technology and Patents
4.2. Developing Technology
5. Global Market Trends, 2017-2022
5.1. Global Market Overview
5.2. Global Market Forecast, 2017-25
6. Macroeconomic Environment Analysis
6.1. Political and Legal Environment
6.2. Socio-cultural environment
6.3. Economic Environment
6.4. Technological environment
7. Mapping and Forecasting Structural Industrial Forces and Environment
7.1. Barriers to Entry
7.3. Costing Analysis
7.4. Bargaining power of Buyers and Sellers
7.5. Intensity of Rivalry
8. Market Demand and Supply Trends: Value and Volume Forecast, 2017-2022
8.1. By Type of Application
8.1.1 Chassis Harness - Value and Volume Forecast, 2017-2022
8.1.2. Body Harness - Value and Volume Forecast, 2017-2022
8.1.3. Engine Harness - Value and Volume Forecast, 2017-2022
8.1.4. HVAC Harness - Value and Volume Forecast, 2017-2022
8.1.5. Sensors - Value and Volume Forecast, 2017-2022
8.2. By Type of Vehicle
8.2.1. Passenger Vehicles, Value and Volume Forecast, 2017-2022
8.2.2. Commercial Vehicles, Value and Volume Forecast, 2017-2022
8.2.3. Electric Vehicles (HEV, PHEV, BEV), Value and Volume Forecast, 2017-2022
8.3. Geographical Segmentation
8.3.1. North America - Value and Volume Forecast, 2017-2022
8.3.2. South America - Value and Volume Forecast, 2017-2022
8.3.3. Asia Pacific - Value and Volume Forecast, 2017-2022
8.3.4. Middle East and Africa - Value and Volume Forecast, 2017-2022
8.3.4. Europe - Value and Volume Forecast, 2017-2022
9. Market Metrics (Survey)
9.1. Share of Hearts
9.2. Share of Minds
10. Market Share Analytics
10.1. Company Share: Type of Product
10.2. Company Share: Geography Segmentation
10.3. Company Share: Consumer Segmentation
11. Market Demand Drivers and Factor Analysis
12. Market Capacity Assessment
13. Distribution Channel Strategies
14. Competitor Analytics: Market leader’s perspective
14.1. Market Signals and Trends
14.2. Mergers and Acquisitions
14.3. Defining the competitors
14.4. What derives the competitor?
14.5. Analysis of Resources and Capabilities
15. Value Chain Analysis
15.1. Raw Material: Cost
15.2. Raw Material: Procurement
15.3. Buyers Value Chain
16. Foreign Trade Analysis
16.1 Export and Import Trends
16.2. Terms of access - quotas, tariffs, duties
17. M&A Activities and impact on Industry Structure
18. What Consumer is Saying - Satisfaction and Awareness Survey?
19. Economic and Demographics Forecast
19.1. GDP Forecast
19.2. Per Capita Income Forecast
19.3. Population Headline Indicators
19.4. Key Population Ratios
19.5. Urban/Rural Population & Life Expectancy
19.6. Population by Age Group
20. Price and Pricing Analysis and Drivers
21. Regulations and Policy
22. Taxation Policy and Policy Rates
23. Industry Player Profiles and Financial Analytics
23.1. Business Overview
23.2. Financial Data
23.3. Product Landscape
23.4. Strategic Outlook
24. Industry Risk Analysis