North America Wire Harness Market Forecast to 2030 - COVID-19 Impact and Regional Analysis - by Product Type (Wire Harness Connector, Wire Harness Terminal, and Others), Material (PVC, Vinyl, Thermoplastic Elastomer, Polyurethane, and Polyethylene), End User (Automotive, Marine, Aerospace and Defense, Consumer Durables, Medical, Agriculture, Industrial, Others), and Country
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.
Reasons to Buy Report
- To understand the North America wire harness market landscape and identify market segments that are most likely to guarantee a strong return.
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the North America wire harness market.
- To efficiently plan M&A and partnership deals in the North America wire harness market analysis by identifying market segments with the most promising probable sales.
- To make knowledgeable business decisions from the perceptive and comprehensive wire harnesses market analysis for the performance of various North America wire harness segments.
- To obtain revenue forecast for the North America wire harness market by various segments from 2022 to 2030 in US$.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Wire Harness Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Wire Harness Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Technological Innovations in Automobiles
5.1.2 Increasing Wire and Cable Consumption
5.2 Market Restraints
5.2.1 Corrosion Susceptible
5.3 Market Opportunities
5.3.1 Technological Advancements in Food & Beverages and Agriculture
5.4 Future Trends
5.4.1 Increasing Usage of Lightweight Wire Harness
5.5 Impact Analysis of Drivers and Restraints
6. Wire Harness Market – North America Market Analysis
6.1 North America Wire Harness Market Overview
6.2 North America Wire Harness Market Revenue Forecast and Analysis
7. North America Wire Harness Market Analysis – By Component
7.1 Overview
7.2 North America Wire Harness Market, By Component (2022 and 2030)
7.3 Wire Harness Connector
7.3.1 Overview
7.3.2 Wire Harness Connector: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Wire Harness Terminal
7.4.1 Overview
7.4.2 Wire Harness Terminal: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Wire Harness Market Analysis – By Material
8.1 Overview
8.2 North America Wire Harness Market, By Material (2022 and 2030)
8.3 PVC
8.3.1 Overview
8.3.2 PVC: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Vinyl
8.4.1 Overview
8.4.2 Vinyl: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Thermoplastic Elastomer
8.5.1 Overview
8.5.2 Thermoplastic Elastomer: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Polyurethane
8.6.1 Overview
8.6.2 Polyurethane: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
8.7 Polyethylene
8.7.1 Overview
8.7.2 Polyethylene: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Wire Harness Market Analysis – By End User
9.1 Overview
9.2 North America Wire Harness Market, By End User (2022 and 2030)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.3.2.1 Two-Wheelers
9.3.2.2 Two-Wheelers: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.3.2.3 Construction Vehicles
9.3.2.4 Construction Vehicles: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.3.2.5 Passenger Cars
9.3.2.6 Passenger Cars: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.3.2.7 Commercial Vehicles
9.3.2.8 Commercial Vehicles: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Marine
9.4.1 Overview
9.4.2 Marine: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Aerospace & Defense
9.5.1 Overview
9.5.2 Aerospace & Defense: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Consumer Durables
9.6.1 Overview
9.6.2 Consumer Durables: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.7 Medical
9.7.1 Overview
9.7.2 Medical: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.8 Agriculture
9.8.1 Overview
9.8.2 Agriculture: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.9 Industrial
9.9.1 Overview
9.9.2 Industrial: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.10 Others
9.10.1 Overview
9.10.2 Others: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
10. North America Wire Harness Market – Country Analysis
10.1 Overview
10.1.1 North America Wire Harness Market- by Key Country
10.1.1.1 US: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 US: Wire Harness Market- by Component
10.1.1.1.2 US: Wire Harness Market- By Material
10.1.1.1.3 US: Wire Harness Market- By End User
10.1.1.1.4 US: Wire Harness Market- By Automotive
10.1.1.2 Canada: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Canada: Wire Harness Market- by Component
10.1.1.2.2 Canada: Wire Harness Market- By Material
10.1.1.2.3 Canada: Wire Harness Market- By End User
10.1.1.2.4 Canada: Wire Harness Market- By Automotive
10.1.1.3 Mexico: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Mexico: Wire Harness Market- by Component
10.1.1.3.2 Mexico: Wire Harness Market- By Material
10.1.1.3.3 Mexico: Wire Harness Market- By End User
10.1.1.3.4 Mexico: Wire Harness Market- By Automotive
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profile
12.1 DRÄXLMAIER Group
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Fujikura Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lear Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sumitomo Electric Industries, Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 LEONI AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Yazaki Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 FURUKAWA ELECTRIC CO., LTD.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Motherson Sumi Systems Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Kato Cable
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 YURA Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Electrical Components International Inc
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 PARK Manufacturing Corp
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 KSM Electronics Inc
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 Electrex Inc
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Wire Harness Market Revenue and Forecast to 2030 (US$ Million)
Table 2. US: Wire Harness Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 3. US: Wire Harness Market- By Material –Revenue and Forecast to 2030 (US$ Million)
Table 4. US: Wire Harness Market- By End User –Revenue and Forecast to 2030 (US$ Million)
Table 5. US: Wire Harness Market- By Automotive –Revenue and Forecast to 2030 (US$ Million)
Table 6. Canada: Wire Harness Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 7. Canada: Wire Harness Market- By Material –Revenue and Forecast to 2030 (US$ Million)
Table 8. Canada: Wire Harness Market- By End User –Revenue and Forecast to 2030 (US$ Million)
Table 9. Canada: Wire Harness Market- By Automotive –Revenue and Forecast to 2030 (US$ Million)
Table 10. Mexico: Wire Harness Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 11. Mexico: Wire Harness Market- By Material –Revenue and Forecast to 2030 (US$ Million)
Table 12. Mexico: Wire Harness Market- By End User –Revenue and Forecast to 2030 (US$ Million)
Table 13. Mexico: Wire Harness Market- By Automotive –Revenue and Forecast to 2030 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Wire Harness Market Segmentation
Figure 2. North America Wire Harness Market Segmentation – By Country
Figure 3. North America Wire Harness Market Overview
Figure 4. North America Wire Harness Market, by Component
Figure 5. North America Wire Harness Market, by Material
Figure 6. North America Wire Harness Market, by Country
Figure 7. North America – PEST Analysis
Figure 8. North America Wire Harness Market- Ecosystem Analysis
Figure 9. North America Wire Harness Market Impact Analysis of Drivers and Restraints
Figure 10. North America Wire Harness Market Revenue Forecast and Analysis (US$ Million)
Figure 11. North America Wire Harness Market Revenue Share, by Component (2022 and 2030)
Figure 12. Wire Harness Connector: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Wire Harness Terminal: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Others: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. North America Wire Harness Market Revenue Share, By Material (2022 and 2030)
Figure 16. PVC: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Vinyl: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Thermoplastic Elastomer: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Polyurethane: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Polyethylene: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. North America Wire Harness Market Revenue Share, by End User (2022 and 2030)
Figure 22. Automotive: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Two-Wheelers: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Construction Vehicles: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Passenger Cars: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Commercial Vehicles: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Marine: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Aerospace & Defense: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Consumer Durables: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Medical: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. Agriculture: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 32. Industrial: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 33. Others: North America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 34. North America Wire Harness Market, by Key Country - Revenue (2022) (US$ Million)
Figure 35. North America Wire Harness Market Revenue Share, by Key Country (2022 and 2030)
Figure 36. US: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 37. Canada: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 38. Mexico: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
- DRÄXLMAIER Group
- Fujikura Ltd.
- Lear Corporation
- Sumitomo Electric Industries, Ltd.
- LEONI AG
- Yazaki Corporation
- FURUKAWA ELECTRIC CO., LTD.
- Motherson Sumi Systems Ltd.
- Kato Cable
- YURA Corporation
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