Market Overview

of Global Electrical Wiring Harnesses market:
The latest research study on the global Electrical Wiring Harnesses market finds that the global Electrical Wiring Harnesses market reached a value of USD 57925.48 million in 2022. It’s expected that the market will achieve USD 75304.2 million by 2028, exhibiting a CAGR of 4.47% during the forecast period.

Electrical Wiring Harness is an assembly of electrical cables or wires which transmit signals or electrical power. For example, many aircraft, automobiles and spacecraft contain many masses of wires which would stretch over several kilometers if fully extended. By binding the many wires and cables into a wiring harness, the wires and cables can be better secured against the adverse effects of vibrations, abrasions, and moisture.

The production and sales of Electrical Wiring Harness are affected by Covid-19
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.
For the Electrical Wiring Harness industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

The convenience of Internet and the development of e-commerce
With the rapid development of e-commerce industry, many industries have developed the synchronous operation mode of online websites and offline stores, and Electrical Wiring Harness industry have joined in. Online sales websites reduce many business components, including employees, procurement costs, telephone calls, data input, and requirements for opening physical stores, thus reducing transaction costs; Business management becomes easier: compared with traditional physical store management, online sales websites are easier to record store inventory, transportation, logs and overall business transactions. Online sales website also provides real-time update function, which can explore all the latest business trends, communicate with customers in time, solve problems and improve customer satisfaction. Many dealers choose to receive goods online, and orders can be tracked and managed online. The convenience of Internet and the development of e-commerce have promoted the demand growth of Electrical Wiring Harness industry.

Strict production standards and specifications
The IPC publication IPC/WHMA-A-620 standardizes the electrical wiring harness to meet the minimum requirements for electrical wiring harness. In view of the potential changes that may occur in the industry or technology, the publication will be reviewed frequently to ensure that the published standards remain at acceptable standards. IPC/WHMA-A-620 publication sets standards for various components in electrical wiring harness, including but not limited to electrostatic discharge protection, conduit, installation and maintenance, crimping, tensile test requirements and other operations which are essential to the production and function of electrical wiring harness. The standards set by IPCS vary according to the classification of products in the three defined product categories. Categories include Category 3: High-performance electronic products, which are suitable for products that require continuous and consistent performance, and cannot tolerate non-working periods. The environment in which these cable harnesses are used may be "extremely harsh". This category includes equipment involved in life support systems or equipment used for military purposes. The production of electrical wiring harness industry needs to comply with relevant specifications and standards, which poses certain challenges to the industry.

Region Overview:
In 2021, the share of the Electrical Wiring Harnesses market in Asia Pacific stood at 44.16%.

Company Overview:
Yazaki Corporation is one of the major players operating in the Electrical Wiring Harnesses market, holding a share of 23.03% in 2021.

Yazaki Corporation
Yazaki Corporation is an independent automotive component maker established in 1941. As well as automotive wire harnesses, core product for which Yazaki command large share in the global market, Yazaki develop and manufacture meters, electronic components and a host of other products for automotive use.

Sumitomo
Sumitomo Wiring Systems was founded as an electrical wire manufacturer in 1917. Since then it has grown into a leading global company in wiring harnesses for automobiles. Active on the world stage, it has built a solid business foundation by clearly recognizing and adapting to changes over time and in the field, using technology cultivated through its experience with electrical wires.

Segmentation Overview:
By type, General Type segment accounted for the largest share of market in 2021.

General Type
General Type is generally purchased in large quantities and mainly used in automobile industry.

Custom Type
Custom Type customizes Electrical Wiring Harness according to different requirements, which is mainly used in aerospace and medical equipment industries.

Application Overview:
In the Electrical Wiring Harnesses market, 73.75% of the total value was generated through the Automotive segment by application in 2021.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Electrical Wiring Harnesses market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Electrical Wiring Harnesses market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Electrical Wiring Harnesses and its sub-markets in an intuitive way.

Key Companies in the global Electrical Wiring Harnesses market covered in Chapter 3:
Sumitomo
Aptiv PLC
Dräxlmaier
Fujikura
Safran
Park Manufacturing
Precision Cable Assemblies
Lear
Yazaki Corporation
ICA Holdings
Kauffman Engineering
Furukawa Electric
Leoni
Latécoère
PKC

In Chapter 4 and Chapter 14.2, on the basis of types, the Electrical Wiring Harnesses market from 2018 to 2029 is primarily split into:
General Type
Custom Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electrical Wiring Harnesses market from 2018 to 2029 covers:
Automotive
Aerospace
Medical Equipment
Industrial Equipment
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Electrical Wiring Harnesses market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029