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The global Cable Harnesses market reached a value of about USD 136.5 billion in 2021. The industry is projected to grow at a CAGR of around 5% in the forecast period of 2022-2027 to reach a value of about USD 182.9 billion by 2027.
The global Cable Harnesses industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing automotive industry is primarily leading the industry growth. The Asia Pacific is the highest category spender by region, driving the demand for the Cable Harnesses industry.
A cable harness or a wire harness is a logical and well-organised arrangement of cables within an insulated material that transports messages or electricity. A durable material, such as rubber, vinyl, electrical tape, conduit, a weave of extruded thread, or a mix, is used to connect the wires. The Cable Harnesses industry report comprises segments by end-use (Automotive, Telecom & Datacom, Computer & Peripherals, Industrial, Military & Aerospace, Transportation, Consumer, Electronics, Medical, Business & Office, Instrumentation, and Others) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The Asia Pacific holds a significant share in the industry due to the increased demand for automobiles because of the lifting of closures and restrictions. Furthermore, numerous governments throughout the world have made various steps to promote the use of electric cars, which is further boosting industry growth.
The market is being driven by the extensive application of the product in the automotive sector. The industry is driven by rising consumer demand for automobiles in North America, Europe, and China. The market's growth includes a rising emphasis on safety solutions, increased demand and usage of hybrid and electric cars, and increasing electrification of vehicles. In addition, an increase in global car sales, greater attention to road safety, and pollution reduction due to regulatory enforcement are likely to propel the industry. Furthermore, the increased need for connection and internet protocol in emerging and developed countries is expected to drive the telecom cable harness market forward, enhancing the industry's development. Also, the low-cost vending machine wiring harness is in high order in the food business. As a result, the market is developing due to the following factors.
However, as standards for wire management products are not unified, the industry is serviced by diverse compliance testing and certification benchmarks.
The global Cable Harnesses industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major international Cable Harnesses regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
The wires are first cut to the correct length using a specific wire-cutting machine. The cables can alternatively be printed on by a separate device or a particular machine during the cutting process. After that, the wires' ends are stripped to reveal the uninsulated conductor, and any appropriate terminals or connection housings are installed. To make the cable harness, the cables are joined and fastened together on a dedicated workstation or proper specifications onto a pinboard (assembly board) according to the design requirements.
The industry is being aided by applying the commodity to other goods. These harnesses are commonly found in heating/warming equipment, mixers, slicers, and similar appliances. They are employed in almost all end-use applications, including mechanical lifts, medical equipment and gadgets, and consumer electronics boosting the industry growth. Furthermore, Wire harness manufacturers are developing solutions that can adapt to a wide range of high and low-intensity applications in electronic medical equipment and instruments, furthering the industry growth. The advancements in the sector, such as new material advancements in wire harnesses and the introduction of wiring harness production employing 3D printing technology, will also influence market growth. Also, companies in the wire harness industry are expanding R&D in breakthrough bioscience technologies, which are likely to impact the market positively.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The market concentration is regarded to be competitive at a medium level. Different wire harness manufacturers are well-known in various vehicle control systems. Major wire harness manufacturers are concentrating on producing high-quality wire harnesses to attract more clients. Many vendors in the industry are expanding their investments in capacity, marketing, and sales, strengthening distribution networks, and logistics and warehousing to increase their market position.
1. Executive Summary
2. Cable Harnesses Market Snapshot
2.1. Cable Harnesses Market Outlook
2.2. Cable Harnesses Industry Analysis by End-Use
2.2.1. Automotive
2.2.2. Telecom & Datacom
2.2.3. Computer & Peripherals
2.2.4. Industrial
2.2.5. Military & Aerospace
2.2.6. Transportation
2.2.7. Consumer
2.2.8. Electronics
2.2.9. Medical
2.2.10. Business & Office
2.2.11. Instrumentation
2.2.12. Others
2.3. Region Overview
2.3.1. North America
2.3.2. Europe
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East and Africa
3. Impact of Recent Events
4. Cable Harnesses Value Chain Analysis
5. Cable Harnesses Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Cable Harnesses Cost Structure
9. Cable Harnesses Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Cable Harnesses Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. Swot Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New Entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Yazaki Corporation
15.2. Delphi Automotive PLC
15.3. Fujikura Ltd.
15.4. Sumitomo Electric Industries,Ltd.
15.5. Motherson Sumi Systems Limited
The global Cable Harnesses market size was valued at USD 136.5 billion in 2021.
As per the end-use provided, the Automotive segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for the product in various products is one of the essential drivers of the Cable Harnesses market growth.
Yazaki Corporation, Delphi Automotive PLC, Fujikura Ltd., Sumitomo Electric Industries, Ltd., and Motherson Sumi Systems Limited are some of the key players in the market.
The Asia Pacific region of the Cable Harnesses industry holds a significant share in the market.
The global Cable Harnesses market attained a value of USD 136.5 billion in 2021, driven by the extensive application of the product in the automotive sector. In addition, an increase in global car sales, greater attention to road safety, and pollution reduction due to regulatory enforcement are likely to propel the industry. Aided by the application of the commodity in other goods, such as heating/warming equipment, mixers, slicers, and other similar appliances, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5%. The market is projected to reach USD 182.9 billion by 2027. Some of the leading players in the industry are Yazaki Corporation, Delphi Automotive PLC, Fujikura Ltd., Sumitomo Electric Industries, Ltd., and Motherson Sumi Systems Limited.
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