The wiring harnesses in vehicles are designed to use less space inside the car, to provide additional protection to the wire, and to provide secure attachment points, to meet the challenges of vibration, friction, and other hazards. Cars, two wheelers, and trucks have separate harnesses for many on-board systems, including battery and power supply, ignition sets, steering column, cruise control, anti-lock braking, indicator (dashboard) cluster, interior lighting, interior safety and security, front-end lights, rear lights, doors (locks and window controls), trailer-hitch wiring, and more recently, rear-camera systems, mobile and Bluetooth connections, and GPS or satellite navigation systems.
The GCC automotive wiring harness market is driven by increase in wealth of population, rise in disposable income, lower cost of vehicle ownership, attractive insurance and financing options, and availability of low-cost fuel. Furthermore, rise in demand for premium cars as well as different strategies to expand the consumer base are the factors are propelling the growth of the wiring harness market in the GCC region.
Implementation of VAT and some stricter government regulations in GCC countries and fluctuations in exchange rate coupled with grey imports and regulations to reduce carbon emissions are some of the major restraining factors of this market.
Furthermore, rise in investments in vehicle and component manufacturing and surge in automotive aftermarket ensure emerging growth opportunities for this market. In addition, increase in technology adoption, vehicle customization, and various merger and investment strategies from the giant players to expand their business can be attributed to rise in sales of vehicles in GCC. These factors are projected to offer lucrative opportunities for the automotive wiring harness market in the GCC region.
At present, Saudi Arabia is dominating the market in term of revenue, followed by the UAE, Kuwait, Oman, Qatar and Bahrain.
The GCC automotive wiring harness market is segmented on the basis of application, and vehicle type. Body wiring harness, engine wiring harness, chassis wiring harness, HVAC wiring harness, and sensors wiring harness are studied under the application segment. Based on vehicle type, the market is categorized into passenger car, commercial vehicle, and two wheeler. The market is analyzed across countries such as Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, and Oman.
Comprehensive competitive analysis and profiles of major market players such as Key Kromberg & Schubert Middle East FZE, Motherson Group, LEONI, Sumitomo Electric Industries, Ltd., and Abdulla Moh’d Ibrahim Trading Est. Also, various parts suppliers to the top manufacturers include Aptiv PLC, THB Group, Federal mogul, Furukawa electric Co. Ltd., Lear corporation, Schlemmer holdings GmbH, and Yazaki corporation.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents the analytical depiction of the GCC automotive wiring harness marketalong with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Type
- Body wiring harness
- Engine wiring harness
- Chassis wiring harness
- HVAC wiring harness
- Sensor wiring harness
By Vehicle Type
- Passenger car
- Commercial vehicle
- Two wheeler
By Country
- Saudi Arabia
- UAE
- Kuwait
- Qatar
- Bahrain
- Oman
Table of Contents
Executive Summary
According to the report titled, 'GCC Automotive Wiring Harness by Application, and Vehicle Type: Opportunity Analysis and Industry Forecast, 2019-2026' the GCC automotive wiring harness market was valued at $321.2 million in 2018, and is projected to reach $408.7 million by 2026, registering a CAGR of 2.9% from 2019 to 2026. By application, the chassis wiring harness segment was the highest revenue contributor in 2018, accounting for $116.3 million, and is estimated to reach $153.7 million by 2026, registering a CAGR of 3.4% during the forecast period.Saudi Arabia is dominating the market in term of revenue, followed by the UAE, Kuwait, Oman, Qatar and Bahrain.
Wire harness is a set of compactly bundled wires that are arranged inside a vehicle to transmit energy. The wiring harness is the smart communication network in every modern car. This network is connected to as many as a hundred Electronic Control Units (ECUs), also known as ‘nodes,’ that control the electronics in the vehicles. A modern car has numerous different electronic units equipped from the manufacturers, such as the engine management system, power steering, electric windows, air conditioning, lighting, and others. All these units are controlled by chips that use the wiring harness to communicate with each other.
The wiring harnesses in vehicles are designed to use less space inside the car, to provide additional protection to the wire, and to provide secure attachment points, to meet the challenges of vibration, friction, and other hazards. Cars, two wheelers, and trucks have separate harnesses for many on-board systems, including battery and power supply, ignition sets, steering column, cruise control, anti-lock braking, indicator (dashboard) cluster, interior lighting, interior safety and security, front-end lights, rear lights, doors (locks and window controls), trailer-hitch wiring, and more recently, rear-camera systems, mobile and Bluetooth connections, and GPS or satellite navigation systems.
In addition, as per the industry expert, a passenger car generally has 2 km of wire in it and the average number of harnesses per vehicle lies between 20 and 25 as per the number of features included in the vehicle. The GCC automotive wiring harness market is analyzed based on its prospect and future growth rate in different countries of GCC. The report highlights numerous factors that influence the growth of the GCC automotive wiring harness market, which include market forecast, drivers, restraints, opportunities, and role of different key players operating in the market. Furthermore, the GCC automotive wiring harness market is segmented based on vehicle type and application. Based on application, the GCC automotive wiring harness market is segmented into body wiring harness, chassis wiring harness, engine wiring harness, HVAC wiring harness, and sensor wiring harness. Based on vehicle type, the market is divided into passenger cars, commercial vehicles, and two wheelers. The market is studied across Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain, and Oman.
Furthermore, rise in vehicle sales across all the GCC countries and ongoing local manufacturing wiring projects for infrastructure development are the key factors expected to significantly fuel the growth for the GCC automotive wiring harness market. Also, the key players operating in this business are adopting acquisition and expansion strategies to increase their presence in GCC. For instance, Motherson Sumi Systems Ltd. (MSSL), is establishing a wiring harness unit in UAE, which will be helpful for the company to produce a broad portfolio of wiring harness products.
According to Pranav Padalkar, Lead Analyst, Automotive and Transportation, “By application, the chassis wiring harness segment is expected to dominate the market, in terms of revenue. In addition, by vehicle type segment, the passenger car segment dominated the GCC automotive wiring harness market in 2018. By country, Saudi Arabia was the highest revenue contributor in 2018 andBahrain is expected to lead in the future, followed by UAE, Kuwait, Oman, and Qatar.”
KEY FINDINGS OF THE STUDY
In 2018, by application, the chassis wiring harness type segment generated the highest revenue.
In 2018, byvehicle type, the passenger car segment was the highest revenue contributor.
In 2018,GCC region-wise, Saudi Arabia contributed the highest revenue, followed by Bahrain, UAE, Kuwait, Oman, and Qatar.
The Key players operating in the GCC automotive wiring harness market are Kromberg & Schubert Middle East FZE, Motherson Group, LEONI, Sumitomo Electric Industries, Ltd., and Abdulla Moh’d Ibrahim Trading Est. Also, various parts suppliers to the top manufacturers include Aptiv PLC, THB Group, Federal mogul, Furukawa electric Co. Ltd., Lear corporation, Schlemmer holdings GmbH, and Yazaki corporation.
Companies Mentioned
- Kromberg & Schubert Middle East FZE
- Motherson Group
- LEONI
- Sumitomo Electric Industries Ltd.
- Abdulla Moh’d Ibrahim Trading Es
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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