Increasing Production of Wiring Harness to Augment Growth of Automotive Wiring Harness Market

Automotive Wiring Harness


 A wiring harness, also called a cable harness, wiring harness or wiring loom, is a flat rectangular piece of metal, usually stainless steel that is used to connect and disconnect electronic components of a system. It can be seen from a distance and has a single or double layer of wires. The wires or cables used in a wiring harness are carefully chosen for their size, length, wire gauge, and resistance to corrosion. The wires are twisted together by an earth wire and sealed with a heat shrink wrap. The cable is then ready to be put into a vehicle.

Market Dynamics

Increasing production of wiring harness is expected to propel growth of the global automotive wiring harness market. For instance, in September 2020, Sumi (Cambodia) Wiring Systems Co., Ltd. increased production to double its early-year levels and meet the growing demands of overseas markets.

Increasing adoption of connected cars is expected to offer lucrative growth opportunities for players in the global automotive wiring harness market. For instance, in November 2020, Hyundai Motor Group and Nvidia announced the roll-out of the Nvidia Drive connected car platform across all new models from Hyundai, Kia and Genesis from 2022 onwards.

Among regions, Africa is expected to witness significant growth in the automotive wiring harness market, owing to high export of wire harnesses from the region. For instance, in January 2021, Fiat Chrysler Automobiles announced to source wire harnesses from new Japanese factories in Morocco.

However, significant decline in the automotive sector is expected to hinder growth of the automotive wiring harness market. For instance, according to the Society of Motor Manufacturers and Traders, the new car registrations in the U.K. decreased by 44% in March 2020 compared that in March 2019.

Competitive Analysis

Major players operating in the global automotive wiring harness market include, Sumitomo Electric Industries, Ltd., YAZAKI Corporation, PKC Group PLC, Aisin Seiki Co., Amphenol RF, Furukawa Electric Co., Ltd., Sumi (Cambodia) Wiring Systems Co., Ltd., Samvardhana Motherson Group (SMG), LEONI, Motherson Sumi Systems Ltd., ERNI Electronics, AVX Corporation,  Delphi Automotive PLC, Lear Corporation, and Fujikura Ltd.

Major players operating in the global automotive wiring harness market are focused on adopting various strategies to enhance their market share. For instance, in July 2020, Motherson Sumi announced a new corporate structure, wherein the domestic wiring harness business of the company will be demerged into a separate entity.

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