Report : Middle East & Africa Wire Harness Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Wire Harness Connector, Wire Harness Terminal, and Others), Material (PVC, Vinyl, Thermoplastic Elastomer, Polyurethane, and Polyethylene), and End User (Automotive, Agriculture, Appliances, and Others)

 At 4.5% CAGR, the Middle East & Africa Wire Harness Market is speculated to be worth US$ 6,127.28 million by 2028, says Business Market Insights           

According to Business Market Insights’ research, the Middle East & Africa wire harness market was valued at US$ 4,691.67 million in 2022 and is expected to reach US$ 6,127.28 million by 2028, registering an annual growth rate of 4.5% from 2022 to 2028. Spreading technological advancement in automobiles.     

In automobiles, wire harnesses weigh around 100–150 lbs depending on the size and vehicle model. Heavier the wire, higher the weight of equipment. In industries such as aerospace, weight is matter of concern. Due to this, aircraft manufacturers are looking for lightweight wire harness by using lightweight connectors, clamps, etc. Further, lightweight wire harness reduces the vehicle exhaust emission and fuel consumption. For these OEMS, the firms try to select components based on price, quality, and weight. The weight is one of the major factors that is why the firms select aluminum alloys instead of copper, which is expensive as well. In August 2021, National Highway Traffic Safety Administration (NHTSA) finalizes model year 2024–2026 CAFÉ standards. According to the standards, the passenger cars and light truck models require to have fleet average of 49 mpg by 2026, with increased annual full efficiency of 8% for model years 2024 and 2025 and 10% by 2026. Such regulations compel manufacturers to reduce the overall weight to increase the fuel economy. This is expected to drive the market during the forecast period.

On the contrary, intensifying counterfeit products that can cause catastrophe hurdles the growth of Middle East & Africa wire harness market. 

  • Based on product type, the Middle East & Africa wire harness market is categorized into wire harness connector, wire harness terminal, and others. The wire harness connector segment held 44.3% market share in 2022, amassing US$ 2,080.21 million. It is projected to garner US$ 2,841.81 million by 2028 to expand at 5.3% CAGR during 2022–2028.    
  • Based on material, the Middle East & Africa wire harness market is categorized into PVC, vinyl, thermoplastic elastomer, polyurethane, and polyethylene. The PVC segment held 43.6% market share in 2022, amassing US$ 2,044.05 million. It is projected to garner US$ 2,623.14 million by 2028 to expand at 4.2% CAGR during 2022–2028.
  • Based on end user, the Middle East & Africa wire harness market is categorized into automotive, agriculture, appliances, and others. The automotive segment held 64.6% market share in 2022, amassing US$ 3,030.34 million. It is projected to garner US$ 3,699.71 million by 2028 to expand at 3.4% CAGR during 2022–2028.
  • Based on country, the Middle East & Africa wire harness market has been categorized into the Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa.  Our regional analysis states that South Africa captured 35.0% market share in 2022. It was assessed at US$ 1,642.08 million in 2022 and is likely to hit US$ 2,087.28 million by 2028, exhibiting a CAGR of 4.1% during the forecast period.            

Key players dominating the Middle East & Africa wire harness market are DRAXLMAIER GROUP; Fujikura Ltd.; Lear Corporation; Sumitomo Electric Industries, Ltd.; LEONI AG; Yazaki Corporation; FURUKAWA ELECTRIC CO., LTD.; Motherson Sumi Systems Ltd.; and YURA Corporation among others.

  • In Oct 2021, Toyota Boshoku Corporation to Adopt Aluminum Wire in Wire Harnesses for Automobile Seats.
  • In May 2022, Leoni AG sells Business Group Automotive Cable Solutions – next major step on the path to sustainable financial stabilization.

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