Wire harness is also known as cable harness, which is used to keep numerous wires or cables organized. Wire harnesses are used in various industries, such as automobile, food & beverage, agriculture, and electronics. The wire harness market players have to follow some stringent regulations and standards for the production of wire harness. One such standard is IPC/WHMA-A-620 Revision D, introduced by IPC and Wiring Harness Manufacturer’s Association (WHMA), for the acceptance and requirements of wire harness assemblies. Further, governments’ encouragement in various industries is one of the factors contributing to the wire harness market growth. For instance, in December 2021, the Government of India announced an extra tax deduction of US$ 1,879.46 on the purchase of an electric vehicles on loans. Due to this, the production of electric vehicles is increasing, leading to the massive demand for wire harnesses and thus, propelling wire harness market growth. Moreover, based on material, the wire harness market is segmented into PVC, Vinyl, thermoplastic elastomer, polyurethane, and polyethylene. The wire harness of these materials are made for a variety of environments, thus each end user purchases the wire harness which is suitable. For instance, for moist environment, a wire harness made of polyethylene should be used as, polyethylene has ability to resist moisture.
Yazaki; Sumitomo Electric Industries, Ltd; Aptiv; Leoni; Lear – Prominent Market Participants in Wire Harness Market
Yazaki; Sumitomo Electric Industries, Ltd; Aptiv; Leoni; and Lear are some of the key market players operating in the global wire harness market. The listing of key players is derived by considering multiple factors such as overall revenue, current wire harness product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market-related activities.
Most of the market initiatives were observed in North American region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Country |
| 2022 | Yazaki Corporation’s US subsidiary Yazaki North America Inc. announced to establish a new plant in Guatemala, South America | SAM |
| 2020 | Furukawa Automotive Systems Inc., opened its new production facility in North America and Japan to accelerate its production capacity of wire harness | North America |
