Report Detail
Commercial Vehicle Wiring Harness Market to 2027 - Global Analysis and Forecasts by Vehicle Type (Light Commercial Vehicles and Medium & Heavy Commercial Vehicles); LCV Type (SUV, Pickups, Minitrucks, and Minivans); M&HCV Type (Medium and Heavy Trucks, Heavy Mining Vehicle, Heavy Construction Vehicle, Heavy Agriculture Vehicle, and Medium Agriculture Vehicle/Tractor)
- RnM3926401 |
- 13 March, 2020 |
- Global |
- 152 Pages |
- The Insight Partners |
- Other
The global commercial vehicle wiring harness market was valued at US$ 11.50 Bn in 2018 and is expected to reach US$ 16.00 Bn by 2027 with a CAGR growth rate of 3.9% in the forecast period from 2019 to 2027. . The market for commercial vehicle wiring harness involves a number of tier1, tier2 and tier3 companies globally which capitalizes considerable amounts with an objective to design and manufacture advanced wiring harness components which are integrated as body wiring harness, engine wiring harness, and chassis wiring harness. The continuous modernizations in the field of technologies for a wide variety of applications in the lightweight commercial vehicle (LCV), medium & heavyweight commercial vehicle (HCV) are attracting several automakers across the world, which is paving the path for commercial vehicle wiring harness market in the current scenario. Moreover, the automotive industry is experiencing growth in the strategic partnerships between the automakers and wiring harness manufacturers to boost the commercial vehicle wiring harness market.
North America region accounted for the highest market share in 2018, nearly 45% of the entire market. The dominance of North America in the global commercial vehicle wiring harness market is since; the country houses a large number of automotive OEMs, telematics companies, and semiconductor companies. Additionally, the trend of adoption of newer technologies and solutions is also high in the country, which has pushed the residents to opt for an electric vehicle. As the electronics components are being increasingly introduced into modern commercial vehicles, the wiring is becoming increasingly significant, since the installation of wiring is essential for additional safety and connectivity systems. Automotive original equipment manufacturers (OEM) in the region are searching for new electrical architectures to streamline harness designs in order to minimize wiring complexity as well as cost. This factor is heavily fueling the growth of commercial vehicle wiring harness market in the country, which is catalyzing the growth of commercial vehicle wiring harness market in North America substantially.
APAC region held the second largest market share in the global commercial vehicle wiring harness market in 2018, followed by Europe. China is one of the prominent leaders in global electric vehicle development globally and ranks first in the Asia Pacific region. Likewise, the country houses a number of automobile manufacturers, and in the current scenario, these automakers in China are investing significantly in order to acquire advanced wiring harness products. The companies present in the region are highly focused on providing wires and cables for a commercial vehicle. For instance, Sumitomo Electric Industries, Ltd., one of the prominent players in the commercial vehicle wiring harness market, designs high-voltage wiring harnesses and connectors; the government is also highly investing in the automotive industry. Also, the production of commercial vehicles in APAC in 2018 was 4,229,563 units; thus, these factors make it the fastest-growing region.
The commercial vehicle wiring harness market is segmented on vehicle type. The vehicle type segment is bifurcated into LCV Type and M&HCV Type. The LCV type segment is sub-segmented into SUV, pickups, minitrucks, and minivans. Further, the M&HCV type segment of commercial vehicle wiring harness market is sub-segmented into medium and heavy trucks, heavy mining vehicle, heavy construction vehicle, heavy agriculture vehicle, and medium agriculture vehicle/tractor. The heavy agriculture vehicle sub-segment is expected to witness a highest CAGR in the commercial vehicle wiring harness market during the forecast period. The demand of heavy agriculture vehicle in developing countries such as India, Mexico, Argentina, is preopening the growth of commercial vehicle wiring harness market. The growing agricultural industry across the globe is demanding advanced agriculture vehicle for increasing the crop yield. Moreover, medium and heavy trucks is expected to dominate the commercial vehicle wiring harness market throughout the forecast period. These trucks are engineered mainly to operate under tough conditions, as well as manufactured by integrating best-in-class auto technology to offer an outstanding trucking experience to its customers. Thus, the demand of medium and heavy trucks is boosting globally.
Some of the key players in the commercial vehicle wiring harness market are Motherson Sumi Systems Limited, DRÄXLMAIER Group, AME Systems (Vic) Pty Ltd, Yazaki Corporation, THB Group, Sumitomo Electric Group, SPARK MINDA (Ashok Minda Group), Nexans Autoelectric, Lear Corporation, and Furukawa Electric Co. Ltd.
Other Market Players from Value Chain:
Kromberg & Schubert, Precision Cable Assemblies, AMSCO U.S. Inc, InterLnX, Inc., Boomslang Fabrication LLC, and Altex are some of the other market players from value chain which are not profiled in the report but the can be included based on request.
The overall commercial vehicle wiring harness market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the commercial vehicle wiring harness market. It also provides the overview and forecast for the global commercial vehicle wiring harness market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the commercial vehicle wiring harness industry.
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope of the Study
- 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. Commercial Vehicle Wiring Harness Market Landscape
- 4.1 Market Overview
- 4.2 Ecosystem Analysis
- 4.3 Pest Analysis
- 4.3.1 North America – PEST Analysis
- 4.3.2 Europe – PEST Analysis
- 4.3.3 Asia Pacific – PEST Analysis
- 4.3.4 Middle-East and Africa – PEST Analysis
- 4.3.5 South America – PEST Analysis
5. Commercial Vehicle Wiring Harness Market – Key Market Dynamics
- 5.1 Key Market Drivers
- 5.1.1 Boosting Demand for Electric Vehicles
- 5.2 Key Market Restraints
- 5.2.1 Integration of Wiring Harness Enhance the Upfront Cost of Vehicle
- 5.3 Key Market Opportunities
- 5.3.1 Growing trend of Electric Truck Production
- 5.4 Future Trends
- 5.4.1 Mounting focus on the integration of light weight wires and cables
- 5.5 Impact Analysis of Drivers and restraints
6. Commercial Vehicle Wiring Harness Market – Global Market Analysis
- 6.1 Global Commercial Vehicle Wiring Harness Market Overview
- 6.2 Global Commercial Vehicle Wiring Harness market Forecast and Analysis
- 6.3 Market Positioning:
7. Commercial Vehicle Wiring Harness Market – By Vehicle Type
- 7.1 Overview
- 7.2 Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type, 2018 and 2027
- 7.3 Light Commercial Vehicles (LCV)
- 7.3.1 Overview
- 7.3.2 Commercial Vehicle Wiring Harness Market for Light Commercial Vehicles, Revenue and Forecast to 2027 (US$ Mn)
- 7.3.3 Commercial Vehicle Wiring Harness Market Breakdown, by LCV Type, 2018 and 2027
- 7.3.4 SUV
- 7.3.4.1 Overview
- 7.3.4.2 Commercial vehicle wiring harness Market for SUV, Revenue and Forecast to 2027 (US$ Mn)
- 7.3.5 Pickups
- 7.3.5.1 Overview
- 7.3.5.2 Commercial Vehicle Wiring Harness Market for Pickups, Revenue and Forecast to 2027 (US$ Mn)
- 7.3.6 Minitrucks
- 7.3.6.1 Overview
- 7.3.6.2 Commercial vehicle wiring harness Market for Minitrucks, Revenue and Forecast to 2027 (US$ Mn)
- 7.3.7 Minivans
- 7.3.7.1 Overview
- 7.3.7.2 Commercial Vehicle Wiring Harness Market for Minivans, Revenue and Forecast to 2027 (US$ Mn)
- 7.4 Medium & Heavy Commercial Vehicles (M&HCV)
- 7.4.1 Overview
- 7.4.2 Commercial Vehicle Wiring Harness Market for Medium & Heavy Commercial Vehicles, Revenue and Forecast to 2027 (US$ Mn)
- 7.4.3 Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type, 2018 and 2027
- 7.4.4 Medium and Heavy trucks
- 7.4.4.1 Overview
- 7.4.4.2 Medium and Heavy Trucks Market, Revenue and Forecast to 2027 (US$ Mn)
- 7.4.5 Heavy Mining vehicle
- 7.4.5.1 Overview
- 7.4.5.2 Heavy Mining vehicle Market, Revenue and Forecast to 2027 (US$ Mn)
- 7.4.6 Heavy Construction vehicle
- 7.4.6.1 Overview
- 7.4.6.2 Heavy Construction vehicle Market, Revenue and Forecast to 2027 (US$ Mn)
- 7.4.7 Heavy Agriculture vehicle
- 7.4.7.1 Overview
- 7.4.7.2 Heavy Agriculture vehicle Market, Revenue and Forecast to 2027 (US$ Mn)
- 7.4.8 Medium Agriculture vehicle/Tractor
- 7.4.8.1 Overview
- 7.4.8.2 Medium Agriculture vehicle/Tractor Market, Revenue and Forecast to 2027 (US$ Mn)
8. Global Commercial Vehicle Wiring Harness Market – Geographic Analysis
- 8.1.1 Overview
- 8.1.2 North America Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.1.3 Overview
- 8.1.4 North America Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027 (US$ Mn)
- 8.1.5 North America Commercial Vehicle Wiring Harness Market Breakdown, By Vehicle Type
- 8.1.5.1 North America Commercial Vehicle Wiring Harness Market Breakdown, by LCV Type
- 8.1.5.2 North America Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.1.6 North America Commercial Vehicle Wiring Harness Market Breakdown, by Country
- 8.1.6.1 US Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.1.6.1.1 US Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.1.6.2 Canada Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.1.6.2.1 Canada Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.1.6.2.2 Canada Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.1.6.3 Mexico Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.1.6.3.1 Mexico Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.1.6.3.2 Mexico Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.2 Europe Commercial Vehicle Wiring Harness Market Revenue And Forecast To 2027
- 8.2.1 Overview
- 8.2.2 Europe Commercial Vehicle Wiring Harness Market Revenue and Forecast to 2027 (US$ Mn)
- 8.2.3 Europe Commercial Vehicle Wiring Harness Market Breakdown, By Vehicle Type
- 8.2.3.1 Europe Commercial Vehicle Wiring Harness Market Breakdown, by LCV Type
- 8.2.3.2 Europe Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.2.4 Europe Commercial Vehicle Wiring Harness Market Breakdown, by Country
- 8.2.4.1 UK Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.2.4.1.1 UK Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.2.4.1.2 UK Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.2.4.2 Germany Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.2.4.2.1 UK Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.2.4.2.2 UK Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.2.4.3 France Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.2.4.3.1 France Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.2.4.3.2 France Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.2.4.4 Russia Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.2.4.4.1 Russia Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.2.4.4.2 Russia Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.2.4.5 Italy Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.2.4.5.1 Italy Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.2.4.5.2 Italy Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.2.4.6 Turkey Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.2.4.6.1 Turkey Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.2.4.6.2 Turkey Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.2.4.7 Rest of Europe Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.2.4.7.1 Rest of Europe Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.2.4.7.2 Rest of Europe Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.3 APAC Commercial Vehicle Wiring Harness Market, Revenue and Forecast To 2027
- 8.3.1 Overview
- 8.3.2 APAC Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027 (US$ Mn)
- 8.3.3 APAC Commercial Vehicle Wiring Harness Market Breakdown, By Vehicle Type
- 8.3.3.1 APAC Commercial Vehicle Wiring Harness Market Breakdown, by LCV Type
- 8.3.3.2 APAC Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.3.4 APAC Commercial Vehicle Wiring Harness Market Breakdown, by Country
- 8.3.4.1 China Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027 (US$ Mn)
- 8.3.4.1.1 China Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.3.4.1.2 China Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.3.4.2 Japan Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027 (US$ Mn)
- 8.3.4.2.1 Japan Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.3.4.2.2 Japan Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.3.4.3 India Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027 (US$ Mn)
- 8.3.4.3.1 India Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.3.4.3.2 India Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.3.4.4 South Korea Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027 (US$ Mn)
- 8.3.4.4.1 South Korea Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.3.4.4.2 South Korea Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.3.4.5 Rest of APAC Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027 (US$ Mn)
- 8.3.4.5.1 Rest of APAC Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.3.4.5.2 Rest of APAC Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.4 MEA Commercial Vehicle Wiring Harness Market, Revenue and Forecast To 2027
- 8.4.1 Overview
- 8.4.2 MEA Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027 (US$ Mn)
- 8.4.3 MEA Commercial Vehicle Wiring Harness Market Breakdown, By Vehicle Type
- 8.4.3.1 MEA Commercial Vehicle Wiring Harness Market Breakdown, by LCV Type
- 8.4.4 MEA Commercial Vehicle Wiring Harness Market Breakdown, By Country
- 8.4.4.1 South Africa Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027 (US$ Mn)
- 8.4.4.1.1 South Africa Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.4.4.1.2 South Africa Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.4.4.2 Rest of MEA Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027 (US$ Mn)
- 8.4.4.2.1 Rest of MEA Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.4.4.2.2 Rest of MEA Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.5 South America Commercial Vehicle Wiring Harness Market Revenue And Forecast To 2027
- 8.5.1 Overview
- 8.5.2 South America Commercial Vehicle Wiring Harness Market Revenue and Forecast to 2027 (US$ Mn)
- 8.5.3 South America Commercial Vehicle Wiring Harness Market Breakdown, By Vehicle Type
- 8.5.3.1 South America Commercial Vehicle Wiring Harness Market Breakdown, by LCV Type
- 8.5.3.2 South America Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.5.4 SAM Commercial Vehicle Wiring Harness Market Breakdown, by Country
- 8.5.4.1 Brazil Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.5.4.1.1 Brazil Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.5.4.1.2 Brazil Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.5.4.2 Argentina Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.5.4.2.1 Argentina Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.5.4.2.2 Argentina Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
- 8.5.4.3 Rest of SAM Commercial Vehicle Wiring Harness Market, Revenue and Forecast to 2027
- 8.5.4.3.1 Rest of SAM Commercial Vehicle Wiring Harness Market Breakdown, by Vehicle Type
- 8.5.4.3.2 Rest of SAM Commercial Vehicle Wiring Harness Market Breakdown, by M&HCV Type
9. Global Commercial Vehicle Wiring Harness Market-Industry Landscape
- 9.1 Overview
- 9.2 Market Initiative
- 9.3 Merger and Acquisition
- 9.4 New Development
10. Appendix
- 10.1 About The Insight Partners
- 10.2 Glossary of Terms
Summary:
Get latest Market Research Reports on Commercial Vehicle Wiring Harness . Industry analysis & Market Report on Commercial Vehicle Wiring Harness is a syndicated market report, published as Commercial Vehicle Wiring Harness Market to 2027 - Global Analysis and Forecasts by Vehicle Type (Light Commercial Vehicles and Medium & Heavy Commercial Vehicles); LCV Type (SUV, Pickups, Minitrucks, and Minivans); M&HCV Type (Medium and Heavy Trucks, Heavy Mining Vehicle, Heavy Construction Vehicle, Heavy Agriculture Vehicle, and Medium Agriculture Vehicle/Tractor). It is complete Research Study and Industry Analysis of Commercial Vehicle Wiring Harness market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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