The wire harness market in South America is expected to grow from US$ 3,091.76 million in 2022 to US$ 3,767.60 million by 2028. It is estimated to grow at a CAGR of 3.3% from 2022 to 2028.

Growing Technological Advancements in Automobiles

Automobile manufacturers are implementing various technologies in their upcoming models to stay competitive in the market. Technologies such as automatic high beam control, self-driving, cruise control, and automatic lift gates are highly adopted by automobile companies as buyers are largely lured by attractive design, specifications, quality, and features. Some of the technologically advanced vehicles have approximately 40 wire harnesses comprising ~3,000 wires and around 700 connectors. Wire harnesses are one of the most important components of a vehicle’s electrical system. It bundles up to 5 km of cables in an average car. Moreover, in modern vehicles, the majority of components, such as engine, air conditioning, instrumentation, audio speaker, lights, and battery are connected through front, rear, and roof wire harnesses. Owing to the increasing technological advancements, the demand for wire harnesses is growing in the automobile industry. In July 2022, Mahindra, an automobile giant launched new-generation Scorpio – Christened Scorpio N. This car has various technologies and features such as AdrenoX infotainment system, connected car tech, and a 12-speaker Sony audio system. These additional technology integration in the vehicles increase the demand wire harness for better connectivity. In July 2022, Toyota launched a teaser of its new connected car technology, Toyota i-Connect. Moreover, customers are moving toward electric vehicles (EV), which is also a driving factor for the wire harness market. In May 2022, Pacific Gas and Electric Company (PG&E) announced its strategy to produce three pilot programs to check how bidirectional EVs and their chargers can give power to the electric grid and related benefits to the customers. Such factors are propelling the wire harness market growth.

Market Overview

South America includes several developing economies such as Brazil, Argentina, Chile, Peru, and Colombia. The economy witnessed a steady growth in its infrastructure development with the construction of airports, highways, dams, and others, which created an exponential demand for commercial vehicles in the region. Also, the transport infrastructure of the region is constantly developing, thus, resulting in an increasing need for commercial vehicles. In addition to this, countries in SAM are witnessing an upsurge in the middle-class population as well as growth in urbanization. The rise in the economic condition assists regional and international car makers and government bodies in taking further initiatives concerning the growth of the automotive sector in South America. Due to this, the South America automobile industry witnessed a growth of 7% in terms of sales in the first 2 quarters of 2018, with a sales figure for light commercial vehicles accounting for 2.83 million. As a result of the growing automotive industry, the demand for wire harnessing is likely to flourish over the forecast period.

South America Wire Harness Market Revenue and Forecast to 2028 (US$ Million)

South America Wire Harness Market Segmentation

The South America 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 Brazil, Argentina, and Rest of South America. The Brazil 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.; and Motherson Sumi Systems Ltd. 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. SAM Wire Harness Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. SAM Wire Harness Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Technological Advancements in Automobiles
5.2 Market Restraints
5.2.1 Rising Counterfeit Products That Can Cause Catastrophe
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 – SAM Market Analysis
6.1 SAM Wire Harness Market Overview
6.2 SAM Wire Harness Market Revenue Forecast and Analysis
7. SAM Wire Harness Market Analysis – By Product Type
7.1 Overview
7.2 SAM 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. SAM Wire Harness Market Analysis – By Material
8.1 Overview
8.2 SAM 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. SAM Wire Harness Market Analysis – By End User
9.1 Overview
9.2 SAM 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. SAM Wire Harness Market – By Country Analysis
10.1 SAM: Wire Harness Market
10.1.1 SAM: Wire Harness Market- by Key Country
10.1.1.1 Brazil: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Wire Harness Market- by Product Type
10.1.1.1.2 Brazil: Wire Harness Market- By Material
10.1.1.1.3 Brazil: Wire Harness Market- By End User
10.1.1.2 Argentina: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Wire Harness Market- by Product Type
10.1.1.2.2 Argentina: Wire Harness Market- By Material
10.1.1.2.3 Argentina: Wire Harness Market- By End User
10.1.1.3 Rest of SAM: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM: Wire Harness Market- by Product Type
10.1.1.3.2 Rest of SAM: Wire Harness Market- By Material
10.1.1.3.3 Rest of SAM: 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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index

LIST OF TABLES

Table 1. SAM Wire Harness Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Wire Harness Market- by Product Type–Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
 
 

LIST OF FIGURES

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