The wire harness market in Asia Pacific is expected to grow from US$ 38,722.01 million in 2022 to US$ 61,247.68 million by 2028. It is estimated to grow at a CAGR of 7.9% from 2022 to 2028.

Developing Wire and Cable Consumption

The growth in manufacturing and infrastructure in telecommunication, power, residential, and other sectors has resulted in the high consumption of wires and cables. The consumption is further driven by renewable energy development and government initiatives. For instance, the Government of India has been launching several initiatives (such as “Power for All”) and providing the necessary infrastructure to ensure uninterrupted electricity supply across the country. These government-promoted initiatives have exponentially increased the consumption of wire and cables in the power industry in India over the last five years. Further, countries, such as China and Indonesia are among the prominent countries with high wire consumption. These countries produce a high number of electronic appliances. In April 2021, Department of Trade and Industry (DTI) discussed about the expansion opportunities with six Japanese FDI under the new ‘Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act’ for wire harness operations. Moreover, Philippines is one of the world’s largest exporters of wire harness. As the consumption of wires and cables increases, the installation complexities and risk of shorts also increase. Wire harnesses help secure many masses of wires that could stretch for several kilometers and significantly overcome the shortcomings. Therefore, the demand for wire harnesses is directly proportional to the growing consumption of wires and cables.

Market Overview

lectronics manufacturing is an important part of the manufacturing export sector for many East Asian countries, including China, South Korea, Taiwan, Malaysia, Singapore, Philippines, Thailand, and Vietnam. In addition, the electrical device supply chain is highly integrated into various economies. China is a major supplier of electrical device intermediaries to many electrical device sectors in Southeast Asia. Hence, the region offers a suitable ecosystem for the wire harness market vendors to channel their sales growth. Furthermore, the region accounts for the largest consumer appliance industry globally, which is another key market driver. Companies in the wire harness market are developing innovative solutions for electronic consumer devices and high-strength and low-strength applications of varying degrees of equipment. The surprisingly high prevalence of connected devices among consumers is creating a stable source of revenue for companies in the wire harness market. Most foreign automakers in China have strict requirements for wire harnesses for vehicles, so they mainly choose China’s leading international wire harness manufacturers.

Asia Pacific Wire Harness Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Wire Harness Market Segmentation

The Asia Pacific wire harness market is segmented into product, material, end user, and country. Based on product, the market is segmented into wire harness connector, wire harness terminal, and others. The others segment held the largest market share in 2022.

Based on material, the market is segmented into PVC, vinyl, thermoplastic elastomer, polyurethane, and polyethylene. The PVC segment held the largest market share in 2022.

Based on end user, the market is segmented into automotive, agriculture, appliances, and others. The automotive segment held the largest market share in 2022.

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. The China dominated the market share in 2022.

DRAXLMAIER GROUP; Fujikura Ltd.; Lear Corporation; Sumitomo Electric Industries, Ltd.; LEONI AG; THB Group; Yazaki Corporation; FURUKAWA ELECTRIC CO., LTD.; Motherson Sumi Systems Ltd.; and YURA Corporation are the leading companies operating in the wire harness market in the region.

TABLE OF CONTENTS

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 Wire Harness Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. APAC Wire Harness Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Mounting Technological Improvements in Automobiles
5.1.2 Developing Wire and Cable Consumption
5.2 Market Restraints
5.2.1 Expanding Counterfeit Products That Can Cause Catastrophe
5.3 Market Opportunities
5.3.1 Technological Developments in Food & Beverages and Agriculture
5.4 Future Trends
5.4.1 Growing Usage of Lightweight Wire Harness
5.5 Impact Analysis of Drivers and Restraints
6. Wire Harness Market – APAC Market Analysis
6.1 APAC Wire Harness Market Revenue Forecast and Analysis
7. APAC Wire Harness Market Analysis – By Product Type
7.1 Overview
7.2 APAC Wire Harness Market, By Product Type (2021 and 2028)
7.3 Wire Harness Connector
7.3.1 Overview
7.3.2 Wire Harness Connector: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Wire Harness Terminal
7.4.1 Overview
7.4.2 Wire Harness Terminal: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Wire Harness Market Analysis – By Material
8.1 Overview
8.2 APAC Wire Harness Market, By Material (2021 and 2028)
8.3 PVC
8.3.1 Overview
8.3.2 PVC: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Vinyl
8.4.1 Overview
8.4.2 Vinyl: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Thermoplastic Elastomer
8.5.1 Overview
8.5.2 Thermoplastic Elastomer: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Polyurethane
8.6.1 Overview
8.6.2 Polyurethane: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Polyethylene
8.7.1 Overview
8.7.2 Polyethylene: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Wire Harness Market Analysis – By End User
9.1 Overview
9.2 APAC Wire Harness Market, By Material (2021 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Agriculture
9.4.1 Overview
9.4.2 Agriculture: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Appliance
9.5.1 Overview
9.5.2 Appliance: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Wire Harness Market – by Country Analysis
10.1 APAC: Wire Harness Market
10.1.1 APAC: Wire Harness Market- by Key Country
10.1.1.1 Australia: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Wire Harness Market- by Product Type
10.1.1.1.2 Australia: Wire Harness Market- By Material
10.1.1.1.3 Australia: Wire Harness Market- By End User
10.1.1.2 China: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Wire Harness Market- by Product Type
10.1.1.2.2 China: Wire Harness Market- By Material
10.1.1.2.3 China: Wire Harness Market- By End User
10.1.1.3 India: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Wire Harness Market- by Product Type
10.1.1.3.2 India: Wire Harness Market- By Material
10.1.1.3.3 India: Wire Harness Market- By End User
10.1.1.4 Japan: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Wire Harness Market- by Product Type
10.1.1.4.2 Japan: Wire Harness Market- By Material
10.1.1.4.3 Japan: Wire Harness Market- By End User
10.1.1.5 South Korea: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Wire Harness Market- by Product Type
10.1.1.5.2 South Korea: Wire Harness Market- By Material
10.1.1.5.3 South Korea: Wire Harness Market- By End User
10.1.1.6 Rest of APAC: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Wire Harness Market- by Product Type
10.1.1.6.2 Rest of APAC: Wire Harness Market- By Material
10.1.1.6.3 Rest of APAC: Wire Harness Market- By End User
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 THB Group
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 Yazaki Corporation
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 FURUKAWA ELECTRIC CO., 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 Motherson Sumi Systems Ltd.
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index

LIST OF TABLES

Table 1. APAC Wire Harness Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
 
 

LIST OF FIGURES

Figure 1. APAC Wire Harness Market Segmentation
Figure 2. APAC Wire Harness Market Segmentation – By Country
Figure 3. APAC Wire Harness Market Overview
Figure 4. APAC Wire Harness Market, by Product Type
Figure 5. APAC Wire Harness Market, by Material
Figure 6. APAC Wire Harness Market, by End User
Figure 7. APAC Wire Harness Market, by Country
Figure 8. APAC – PEST Analysis
Figure 9. APAC Wire Harness Market- Ecosystem Analysis
Figure 10. APAC Expert Opinions
Figure 11. APAC Wire Harness Market Impact Analysis of Drivers and Restraints
Figure 12. APAC Wire Harness Market Revenue Forecast and Analysis (US$ Million)
Figure 13. APAC Wire Harness Market Revenue Share, by Product Type (2021 and 2028)
Figure 14. APAC Wire Harness Connector: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Wire Harness Terminal: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Others: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Wire Harness Market Revenue Share, By Material (2021 and 2028)
Figure 18. APAC PVC: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Vinyl: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Thermoplastic Elastomer: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Polyurethane: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Polyethylene: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Wire Harness Market Revenue Share, by End User (2021 and 2028)
Figure 24. APAC Automotive: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Agriculture: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC Appliance: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. APAC Others: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. APAC: Wire Harness Market, By Key Country – Revenue (2021) (US$ Million)
Figure 29. APAC: Wire Harness Market Revenue Share, By Key Country (2021 and 2028)
Figure 30. Australia: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. China: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. India: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Japan: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. South Korea: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of APAC: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific wire 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 Asia Pacific wire 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 Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific wire 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

The List of Companies – Asia Pacific Wire Harness Market

● DRAXLMAIER GROUP
● Fujikura Ltd.
● Lear Corporation
● Sumitomo Electric Industries, Ltd.
● LEONI AG
● THB Group
● Yazaki Corporation
● FURUKAWA ELECTRIC CO., LTD.
● Motherson Sumi Systems Ltd.
● YURA Corporation