PUBLISHER: The Insight Partners | PRODUCT CODE: 1372527
PUBLISHER: The Insight Partners | PRODUCT CODE: 1372527
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.
Wire harnesses reduce clutter, simplify usage, improve safety, and reduce installation time. Technological advancements in food & beverages and agricultural equipment have increased the demand for wire harnesses. In food & beverages, appliances such as microwave, vending machine and brewing machine consumption is increasing rapidly in residential and commercial sectors, Due to this, companies are producing more appliances for the food & beverages industry, and it is subsequently increasing the demand for wire harness. Further, HELUKABLE, Powersonic, are among the prominent players offering wire harnesses for the food & beverages industry in North America. Additionally, wire harnessing is highly used in agricultural equipment such as tractors harvesters, combines and irrigation systems in North America. Companies such as Environmental Tillage Systems, RCMR Inc., Osborne, and GVM Incorporated in North America provide wire harnessing in this equipment. In harvester tractors, water pumps, disc harrow, and various other agricultural equipment, wire harnesses are designed in a way that these bundles can perform extremely well under harsh conditions and can also carry heavy power loads. They also play a key role in improving fuel efficiency and resisting high heat and electromagnetic noise. Thus, the advantages will subsequently translate into lucrative growth opportunities for the North America wire harness market.
The North America wire harness market has been segmented into wire harness connector, wire harness terminal, and other based on the component. North America wire harness market by component has been led by the others segment which includes wire and cables, outer covering, and locks. The increasing consumption wire and cables in the automotive, aerospace & defense, industrial machinery & robotics has bolstered the segment growth. However, the increasing use of terminal for the easy connectivity is expected accelerate the segment growth with highest CAGR in the coming years in the North America wire harness market.
Vinyl is a strong, durable, wear-resistant, and moisture-resistant material that can resist rust and corrosion. Vinyl does not conduct electricity and has particularly good flame-retardant properties. Vinyl harness is mainly used in elevated temperature environments, mainly suitable for automotive and aerospace applications. Several companies in the North America wire harness market offer a full line of vinyl tape harnesses. NITTO DENKO CORPORATION, for instance, offers vinyl tape to secure and wrap wire harnesses distributed in automobiles. The tape is 0.07mm thick and super light, which allows it to be used in light weight modules. Therefore, such modules and innovations are likely to support the segmental growth over the forecast period.
Wiring harnesses in the automotive industry are used in motorcycles, three-wheeled vehicles, cars, utility vehicles, and commercial vehicles. Wire harnesses are designed according to the electrical and geometric requirements of the vehicle and are incorporated into the vehicle body, engine, and chassis. Body wire harnesses are built into dashboards, door locks, power windows, and internal power components. Engine wire harness built into speed sensor, lock system, cruise control system and fuel injection system. Chassis wiring includes front, rear, and main wire harnesses. Several manufacturers around the world offer a comprehensive range of automotive wire harnesses. The automotive segment is sub segmented into two-wheelers, construction vehicles, passenger cars, and commercial vehicles.
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 North America wire harness market players operating in the North America wire harness market. Various other North America wire harness market players have been analyzed during the study that are coming up with advanced technologies and offerings to contribute to the North America wire harness market proliferation.
In North America wire harness market various wires are used in two-wheelers or motorcycles to confer their full functionality. A wire harness fits into a perfectly arranged bundle and helps maintain a proper power supply. Wires in motorcycles are harnessed to prevent short circuits since all types of wires are measured, cut, and crimped to put together in a bundle. As motorcycles lack much bodywork, they are subjected to high levels of vibrations, which can cause wear and tear to the wires. To avoid this wear and tear, wires are harnessed into a single bundle, which helps them withstand vibrations and direct sunlight, thereby maintaining high efficiency throughout all seasons.