Asia Pacific Electric Vehicle Wiring Harness Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Vehicle Type (Plug-in Hybrid Electric Vehicles (PHEV), Battery Electric Vehicle (BEV), Hybrid Electric Vehicles (HEV), and Fuel Cell Electric Vehicles (FCBEV)), Product Type (High Voltage Wiring Harness and Medium Low Voltage Wiring Harness), and Material Type (Copper-Clad Wire, Aluminum Alloy Wire, Glass Optical Fiber, Plastic Optical Fiber, and Others)

Market Introduction

With extensive manufacturing facilities in China, India, and Japan, a massive consumer base, and key market players, Asia Pacific has surfaced as the leading and fastest-growing region in the global automobile manufacturing space. China is the largest market for electric vehicles in Asia Pacific, with high dominance of charging stations. The electric vehicle wiring harness market in this region is mainly driven by the increasing production of vehicles and the up gradation of technologies. Vehicle manufacturing companies' innovations and government agencies' investments have boosted auto production in Asia Pacific, increasing the demand for efficient and high-performance wiring harness solutions. In recent years, growing concerns toward environmental safety have received a great deal of attention. Therefore, OEMs in the region are focusing on energy-efficient technologies the reduce CO2 emissions. Electric vehicle (EV) manufacturers are investing in developing products with improved fuel consumption and higher specific output. EV manufacturing and sale is witnessing rapid growth in the Asia Pacific region due to a solid focus on removing the dependency on petrol and diesel and government incentives to promote the utility of electric vehicles. The rising proliferation of battery electric vehicle (BEV), due to its cost-effectiveness and user-friendly features, investments in the plug-in hybrid Electric Vehicles (PHEV), and demand for comfort in passenger cars, is leading to an increase in the number of wires, which is anticipated to boost the APAC electric vehicle wiring harness market.

In case of COVID-19, APAC is highly affected specially India. Rise in consumer demand for expensive features in automobiles is encouraging manufacturers to invest in high-end technological solutions. The car industry was the first economic victim of COVID-19 in China with the shutdown of major automotive production sites and manufacturing plants. The automotive market in Asia Pacific region continued to rebound strongly in 2021. Industry experts expect the automakers' margins to improve in FY22. The market rebound is encouraging the growth of electric vehicle wiring harness solutions. In most countries, subsidies are a critical tool for maintaining the EV policy due to higher vehicle costs. The Japanese government arranged for US $77.1 million of EV subsidies in January 2021 to boost BEV sales. A number of new venture firms are emerging in the electric vehicle market in China, Japan and South Korea which is estimated to provide lucrative growth opportunities for the electric vehicle wiring harness market. As demands continue to increase, automotive OEMs are looking at new electrical architectures to simplify harness designs to minimize wiring complexity and cost. Investments in R&D for developing secure and reliable wiring harness systems is likely to boost the regional market in the post pandemic era.

Market Overview and Dynamics

The APAC electric vehicle wiring harness market is expected to grow from US$ 1,257.65 million in 2021 to US$ 3,318.25 million by 2028; it is estimated to grow at a CAGR of 14.9% from 2021 to 2028. Evolving consumer preferences and technological advancements are helping to reshape the Electric Vehicles (EV) industry significantly. China is one of the leading countries in terms of EV adoption. OEMs and suppliers across the region are preparing for the shift toward EVs and away from Internal Combustion Engine (ICE) vehicles. The demand for comfortable vehicles with advanced features, such as air conditioning, climate control, park-assist cameras, high-resolution intelligent displays, touch screens, rapid charging capability, and automatic wipers and lights, has led to a rapid rise in the EV market. This fact is driving the demand for electric vehicle wiring harnesses across the region. The rising need for improved performance in hybrid cars has augmented the demand for wire harnesses as they provide excellent performance in harsh environments. Benefits, such as the transmission of high currents in extreme conditions, the ability to handle electrical loads, and resistance to high heat and electromagnetic noise, further driving the growth of the APAC electric vehicle wiring harness market.

Key Market Segments

In terms of vehicle type, the battery electric vehicle (BEV) segment accounted for the largest share of the APAC electric vehicle wiring harness market in 2020. In terms of product type, the high voltage wiring harness segment held a larger market share of the APAC electric vehicle wiring harness market in 2020. Further, the copper-clad wire segment held a larger share of the APAC electric vehicle wiring harness market based on material type in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC electric vehicle wiring harness market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Coroplast Fritz Müller GmbH & Co. KG; Cypress Industries; Fujikura Ltd.; Furukawa Electric Co. Ltd.; Motherson Sumi Systems Ltd.; Nexans autoelectric GmbH; SINBON Electronics Co., Ltd.; Sumitomo Electric Industries, Ltd.; THB Group; and Yazaki Corporation among others.

Reasons to buy report

To understand the APAC electric vehicle wiring harness market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC electric vehicle wiring harness market
Efficiently plan M&A and partnership deals in APAC electric vehicle wiring harness market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC electric vehicle wiring harness market
Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Electric Vehicle Wiring Harness Market Segmentation
APAC Electric Vehicle Wiring Harness Market - By Vehicle Type

Plug-in Hybrid Electric Vehicles (PHEV)
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicles (HEV)
Fuel Cell Electric Vehicles (FCBEV)

APAC Electric Vehicle Wiring Harness Market - By Product Type

High Voltage Wiring Harness
Medium Low Voltage Wiring Harness

APAC Electric Vehicle Wiring Harness Market - By Material Type

Copper-Clad Wire
Aluminum Alloy Wire
Glass Optical Fiber
Plastic Optical Fiber
Others

APAC Electric Vehicle Wiring Harness Market - By Country

China
Japan
India
South Korea
Rest of APAC

APAC Electric Vehicle Wiring Harness Market - Company Profiles

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Electric Vehicle Wiring Harness Market Landscape

4.1 Market Overview

4.2 APAC PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. APAC Electric Vehicle Wiring Harness Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growth in Electric Vehicle Sales with Advanced Features

5.1.2 Surging Demand for Lightweight Harness

5.2 Market Restraints

5.2.1 Overpriced Maintenance

5.3 Market Opportunities

5.3.1 Surge in the Government Regulations for Enhanced Vehicle Safety Systems and E-mobility

5.4 Future Trends

5.4.1 Burgeoning Adoption of Super Charging Cables and Connectors

5.5 Impact Analysis of Drivers and Restraints

6. Electric Vehicle Wiring Harness Market – APAC Analysis

6.1 APAC Electric Vehicle Wiring Harness Market Overview

6.2 APAC Electric Vehicle Wiring Harness Market Revenue Forecast and Analysis

7. APAC Electric Vehicle Wiring Harness Market Analysis – By Vehicle Type

7.1 Overview

7.2 APAC Electric Vehicle Wiring Harness Market, By Vehicle Type (2020 And 2028)

7.3 Plug-in hybrid Electric Vehicles (PHEV)

7.3.1 Overview

7.3.2 Plug-in hybrid Electric Vehicles (PHEV): Electric Vehicle Wiring Harness Market Revenue and Forecast To 2028 (US$ Million)

7.4 Battery Electric Vehicle

7.4.1 Overview

7.4.2 Battery Electric Vehicle (BEV): Electric Vehicle Wiring Harness Market Revenue and Forecast To 2028 (US$ Million)

7.5 Hybrid Electric Vehicle (HEV)

7.5.1 Overview

7.5.2 Hybrid Electric Vehicle (HEV): Electric Vehicle Wiring Harness Market Revenue and Forecast To 2028 (US$ Million)

7.6 Fuel Cell Electric Vehicle (FCEV)

7.6.1 Overview

7.6.2 Fuel Cell Electric Vehicle (FCEV): Electric Vehicle Wiring Harness Market Revenue and Forecast To 2028 (US$ Million)

8. APAC Electric Vehicle Wiring Harness Market Analysis – By Product Type

8.1 Overview

8.2 APAC Electric Vehicle Wiring Harness Market, By Product Type (2020 And 2028)

8.3 High Voltage Harness

8.3.1 Overview

8.3.2 High Voltage Harness: Electric Vehicle Wiring Harness Market Revenue and Forecast To 2028 (US$ Million)

8.4 Medium Low Voltage Harness

8.4.1 Overview

8.4.2 Medium Low Voltage Harness: Electric Vehicle Wiring Harness Market Revenue and Forecast To 2028 (US$ Million)

9. APAC Electric Vehicle Wiring Harness Market Analysis – By Material Type

9.1 Overview

9.2 APAC Electric Vehicle Wiring Harness Market, By Material Type (2020 and 2028)

9.3 Copper

9.3.1 Overview

9.3.2 Copper: Electric Vehicle Wiring Harness Market Revenue and Forecast To 2028 (US$ Million)

9.4 Aluminium Alloy

9.4.1 Overview

9.4.2 Aluminium Alloy: Electric Vehicle Wiring Harness Market Revenue and Forecast To 2028 (US$ Million)

9.5 Glass Optic Fibre

9.5.1 Overview

9.5.2 Glass optic Fibre: Electric Vehicle Wiring Harness Market Revenue and Forecast To 2028 (US$ Million)

9.6 Plastic Optic Fibre

9.6.1 Overview

9.6.2 Plastic Optic Fibre: Electric Vehicle Wiring Harness Market Revenue and Forecast To 2028 (US$ Million)

9.7 Others

9.7.1 Overview

9.7.2 Others: Electric Vehicle Wiring Harness Market Revenue and Forecast To 2028 (US$ Million)

10. APAC Electric Vehicle Wiring Harness Market – Country Analysis

10.1 Overview

10.1.1 APAC: Electric Vehicle Wiring Harness Market, by Key Country

10.1.1.1 China: Electric Vehicle Wiring Harness Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 China: Electric Vehicle Wiring Harness Market, by Vehicle Type

10.1.1.1.2 China: Electric Vehicle Wiring Harness Market, by Product Type

10.1.1.1.3 China: Electric Vehicle Wiring Harness Market, by Material Type

10.1.1.2 Japan: Electric Vehicle Wiring Harness Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 Japan: Electric Vehicle Wiring Harness Market, by Vehicle Type

10.1.1.2.2 Japan: Electric Vehicle Wiring Harness Market, by Product Type

10.1.1.2.3 Japan: Electric Vehicle Wiring Harness Market, by Material Type

10.1.1.3 India: Electric Vehicle Wiring Harness Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Electric Vehicle Wiring Harness Market, by Vehicle Type

10.1.1.3.2 India: Electric Vehicle Wiring Harness Market, by Product Type

10.1.1.3.3 India: Electric Vehicle Wiring Harness Market, by Material Type

10.1.1.4 South Korea: Electric Vehicle Wiring Harness Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 South Korea: Electric Vehicle Wiring Harness Market, by Vehicle Type

10.1.1.4.2 South Korea: Electric Vehicle Wiring Harness Market, by Product Type

10.1.1.4.3 South Korea: Electric Vehicle Wiring Harness Market, by Material Type

10.1.1.5 Rest of APAC: Electric Vehicle Wiring Harness Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 Rest of APAC: Electric Vehicle Wiring Harness Market, by Vehicle Type

10.1.1.5.2 Rest of APAC: Electric Vehicle Wiring Harness Market, by Product Type

10.1.1.5.3 Rest of APAC: Electric Vehicle Wiring Harness Market, by Material Type

11. APAC Electric Vehicle Wiring Harness Market - COVID-19 Impact Analysis

11.1 APAC: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

13. Company Profiles

13.1 Coroplast Fritz Müller GmbH & Co. KG

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Cypress Industries

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Fujikura Ltd.

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Furukawa Electric Co. Ltd.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Motherson Sumi Systems Ltd.

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Nexans autoelectric GmbH

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 SINBON Electronics Co., Ltd.

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Sumitomo Electric Industries, Ltd.

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 THB Group

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Yazaki Corporation

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. APAC Electric vehicle wiring harness Market Revenue and Forecast to 2028 (US$ Million)

Table 2. APAC: Electric Vehicle Wiring Harness Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3. China: Electric Vehicle Wiring Harness Market, by Vehicle Type– Revenue and Forecast to 2028 (US$ Million)

Table 4. China: Electric Vehicle Wiring Harness Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 5. China: Electric Vehicle Wiring Harness Market, by Material Type–Revenue and Forecast to 2028 (US$ Million)

Table 6. Japan: Electric Vehicle Wiring Harness Market, by Vehicle Type– Revenue and Forecast to 2028 (US$ Million)

Table 7. Japan: Electric Vehicle Wiring Harness Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 8. Japan: Electric Vehicle Wiring Harness Market, by Material Type–Revenue and Forecast to 2028 (US$ Million)

Table 9. India: Electric Vehicle Wiring Harness Market, by Vehicle Type– Revenue and Forecast to 2028 (US$ Million)

Table 10. India: Electric Vehicle Wiring Harness Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 11. India: Electric Vehicle Wiring Harness Market, by Material Type–Revenue and Forecast to 2028 (US$ Million)

Table 12. South Korea: Electric Vehicle Wiring Harness Market, by Vehicle Type– Revenue and Forecast to 2028 (US$ Million)

Table 13. South Korea: Electric Vehicle Wiring Harness Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 14. South Korea: Electric Vehicle Wiring Harness Market, by Material Type–Revenue and Forecast to 2028 (US$ Million)

Table 15. Rest of APAC: Electric Vehicle Wiring Harness Market, by Vehicle Type– Revenue and Forecast to 2028 (US$ Million)

Table 16. Rest of APAC: Electric Vehicle Wiring Harness Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 17. Rest of APAC: Electric Vehicle Wiring Harness Market, by Material Type–Revenue and Forecast to 2028 (US$ Million)

Table 18. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Electric Vehicle Wiring Harness Market Segmentation

Figure 2. APAC Electric Vehicle Wiring Harness Market Segmentation – By Country

Figure 3. APAC Electric Vehicle Wiring Harness Market Overview

Figure 4. APAC Electric Vehicle Wiring Harness Market, By Vehicle type

Figure 5. APAC Electric Vehicle Wiring Harness Market, By Product type

Figure 6. APAC Electric Vehicle Wiring Harness Market, By Material type

Figure 7. APAC Electric Vehicle Wiring Harness Market, By Country

Figure 8. APAC – PEST Analysis

Figure 9. APAC Electric Vehicle Wiring Harness Market- Ecosystem Analysis

Figure 10. APAC Electric Vehicle Wiring Harness Market Impact Analysis of Drivers and Restraints

Figure 11. APAC Electric vehicle wiring harness Market Revenue Forecast and Analysis (US$ Million)

Figure 12. APAC Electric Vehicle Wiring Harness Market, By Vehicle Type (2020 And 2028)

Figure 13. APAC Plug-in hybrid Electric Vehicles (PHEV): Electric Vehicle Wiring Harness Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. APAC Battery Electric Vehicle (BEV): Electric Vehicle Wiring Harness Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. APAC Hybrid Electric Vehicle (HEV): Electric Vehicle Wiring Harness Market Revenue and Forecast to 2028 (US$ Million)

Figure 16. APAC Fuel Cell Electric Vehicle (FCEV): Electric Vehicle Wiring Harness Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. APAC Electric Vehicle Wiring Harness Market, By Product Type (2020 and 2028)

Figure 18. APAC High Voltage Harness: Electric Vehicle Wiring Harness Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. APAC Medium Low Voltage Harness: Electric Vehicle Wiring Harness Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. APAC Electric Vehicle Wiring Harness Market, By Material Type (2020 and 2028)

Figure 21. APAC Copper: Electric Vehicle Wiring Harness Market Revenue and Forecast to 2028 (US$ Million)

Figure 22. APAC Aluminium Alloy: Electric Vehicle Wiring Harness Market Revenue and Forecast to 2028 (US$ Million)

Figure 23. APAC Glass Optic Fiber: Electric Vehicle Wiring Harness Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. APAC Plastic Optic Fiber: Electric Vehicle Wiring Harness MARKET REVENUE and Forecast to 2028 (US$ Million)

Figure 25. APAC Others: Electric Vehicle Wiring Harness Market Revenue and Forecast to 2028 (US$ Million)

Figure 26. APAC: Electric Vehicle Wiring Harness Market Revenue Overview, by Country (2020) (US$ Mn)

Figure 27. APAC: electric vehicle wiring harness Market Revenue Share, by Key Country (2020 and 2028)

Figure 28. China: Electric Vehicle Wiring Harness Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Japan: Electric Vehicle Wiring Harness Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. India: Electric Vehicle Wiring Harness Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. South Korea: Electric Vehicle Wiring Harness Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Rest of APAC: Electric Vehicle Wiring Harness Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Impact of COVID-19 Pandemic in APAC Country Markets

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC electric vehicle wiring harness market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC electric vehicle wiring harness market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the electric vehicle wiring harness market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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