North America Wire Harness Market

The North America wire harness market is expected to grow from US$ 22.63 billion in 2022 to, US$ 34.14 billion by 2030; it is estimated to register a CAGR of 5.3% from 2022 to 2030.

North America Wire Harness

Market Introduction

Polyethylene (PE) is the most widely used thermoplastic polymer for manufactured parts and components. It is available in many types and formulations to meet diverse needs. In general, polyethylene has excellent chemical and impact resistance, electrical properties and a low coefficient of friction. In addition, polyethylene is light, easy to work with, and has almost zero hygroscopicity. It is mainly used in industries such as petroleum industry, electronic wiring and network and data cables. As a result, global oil and gas infrastructure growth is expected to drive this segment during the forecast period.

The major stakeholders in the North America wire harness market ecosystem include component suppliers, wire harness manufacturers and end users. The demand for wire harness is driven by the factors such as booming automobile sector across the region, technological advancements in appliance manufacturing and increasing demand for wire harness to achieve electric connectivity. Fujikura Ltd.; Motherson Group; Nexans; Sumitomo Electric Industries, Ltd.; Yazaki Corporation among others are some of the major North America wire harness market players operating in the ecosystem. The organic and inorganic developments done by wire harness manufacturers leading to North America wire harness market growth. For instance, In March 2021, Lear acquired M&N Plastics, a plastic component for automotive electrical distribution manufacturer and injection molding specialist. This acquisition extends Lear's capacity of production of high voltage wire harness. The major ecosystem end users of the North America wire harness market are automobile, agriculture, appliances, and others. Thus, increasing adoption of wire harness by these industries have propelled the North America wire harness market growth.

The growth in manufacturing and infrastructure in telecommunication, power, residential, and other sectors has resulted in the high consumption of wires and cables. Therefore, the demand for wire harnesses is directly proportional to the growing consumption of wires and cables. The consumption of wires and cables is further driven by parameters such as rising urbanization and industrialization in developing countries and the growing demand for self-driven vehicles. 

Wire harnesses are made of metal wires and connectors susceptible to corrosion in harsh environments. Corrosion can damage the wire insulation, exposing the metal wires. It can lead to short circuits and electrical fires, disrupting the flow of electricity and leading to malfunctioning of electrical systems. Additionally, corrosion can require more frequent checks and repairs, thereby adding to the maintenance cost. To mitigate the risk of corrosion, wire harness manufacturers use various methods, such as using corrosion-resistant materials, applying protective coating, using sealed connectors, and consistent maintenance. Promark Electronics and Peterson Manufacturing are among the companies offering corrosion-resistant wire harnesses in North America.

In North America, in automobiles, wire harnesses weigh around 100–150 lbs depending on the size and vehicle model. Heavier the wire, higher the weight of equipment. In industries such as aerospace, weight is matter of concern. Due to this, aircraft manufacturers are looking for lightweight wire harness by using lightweight connectors, clamps, etc. Further, lightweight wire harness reduces the vehicle exhaust emission and fuel consumption. The US’s Corporate Average Fuel Economy (CAFÉ) law has set some standards for automobile companies. In August 2021, National Highway Traffic Safety Administration (NHTSA) finalizes model year 2024–2026 CAFÉ standards. According to the standards, the passenger cars and light truck models require to have fleet average of 49 mpg by 2026, with increased annual full efficiency of 8% for model years 2024 and 2025 and 10% by 2026. Such regulations compel manufacturers to reduce the overall weight to increase the fuel economy.

Lightweight wire harness has several advantages. It can help reduce the overall weight of a vehicle, improving fuel efficiency. The use of lightweight wire harness is expected to grow in North America in the coming years due to the increasing demand for fuel-efficient vehicles and the increasing complexity of vehicles. Therefore, the lightweight variety in the North America wire harness market is experiencing significant growth due to benefits such as reduced weight, improved durability, and reduced cost.

Key North America Wire Harness

Market Segments

Thermoplastic Elastomer (TPE) is a durable compound and can handle extreme temperatures well. TPE harness is frequently used for applications that undergo a fair amount of flex without damage or distortion. It is suitable for application where durability is needed and can be exposed to extreme temperatures. Furthermore, due to the substantial amounts of bending or the wide temperature ranges encountered, TPE harness are widely used in industrial applications, both indoors and outdoors. They are used for machinery, major equipment, engines, mining, power, and lighting due to the degree of flexibility they can undergo. Hence, the growing industrialization across APAC is anticipated to push the segmental growth forward in the North America wire harness market.

Polyurethane is often used as a jacketing material for harsh environments because of its excellent mechanical properties and chemical resistance. Polyurethane is UV resistant, water resistant and has a wide temperature range, making it a popular choice for outdoor applications. Polyurethane is a highly flexible compound and is commonly found as a sheath material in continuous bending applications. This type of wire harness is mostly used by the oil & gas industry, military & aerospace industry, among others. The positive outlook across these sectors is anticipated to propel the market segment forward over the forecast period.

North America Wire Harness Market

Major Sources and Companies Listed

Fujikura Ltd.; Furukawa Electric Co. Ltd.; Lear; LEONI; Motherson Group; Nexans; Sumitomo Electric Industries, Ltd; THB Group; Yazaki Corporation; Yura Corporation are among the key players operating in the North America wire harness market. Various other wire harness market players companies are also operating in the market, and they are coming up with advanced technologies and offerings to contribute to the wire harness market proliferation. In addition, several other wire harness market players have been studied and analyzed during this research study to get a holistic view of the ecosystem.

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