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)
The wire harness market in Middle East & Africa is expected to grow from US$ 4,691.67 million in 2022 to US$ 6,127.28 million by 2028. It is estimated to grow at a CAGR of 4.5% from 2022 to 2028.
Technological Developments in Food & Beverages and Agriculture
Wire harnesses reduce clutter, simplify usage, improve safety, and reduce installation time. Technological advancements in food & beverages and agricultural equipment have increased the demand for wire harnesses. In food & beverages, appliances such as microwave, vending machine and brewing machine consumption is increasing rapidly in residential and commercial sectors, Due to this, companies are producing more appliances for the food & beverages industry, and it is subsequently increasing the demand for wire harness. Further, HELUKABLE, Powersonic, and Marsh Electronics are among the prominent players offering wire harnesses for the food & beverages industry. Carr Manufacturing Company, Sumitomo Electric Industries, TLC Electronics, and AG & Construction offer wire harnesses for agricultural equipment. In harvester tractors, water pumps, disc harrow, and various other agricultural equipment, wire harnesses are designed in a way that these bundles can perform extremely well under harsh conditions and can also carry heavy power loads. They also play a key role in improving fuel efficiency and resisting high heat and electromagnetic noise. Due to this, the demand for wire harness in agriculture industry is rapidly growing. Thus, the advantages will subsequently translate into lucrative growth opportunities for the wire harness market.
Market Overview
Increasing demand for vehicles in the Middle East is encouraging automakers worldwide to set up regional manufacturing bases. The government is also offering incentives to help develop plans to establish regional vehicle manufacturing centers. In addition, many strategies have also been developed to address the growing demand for vehicles at GCC. For instance, Saudi Arabia National Automobile Manufacturing Company (SNAM) and Saudi Arabia Public Investment Fund (SAPIF) have partnered with Daewoo International in South Korea to develop a vehicle assembly plant. KSA Sultan has a strategic plan to open an automobile factory by 2023 and start manufacturing automobile parts in the GCC region in the next few years. Such initiatives by giants to expand their operations in GCC countries are expected to help boost demand for wire harnesses for several types of vehicles soon. As a result, the government has recently taken several steps to allow the country to shift its focus to other areas such as manufacturing. Dubai has already built one of the largest industrial hubs in the region, attracting new manufacturers and working in new factories. Hence, the region’s growing focus on manufacturing will likely boost the market over the forecast period.
Middle East & Africa Wire Harness Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Wire Harness Market Segmentation
The Middle East & Africa 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 wire harness connector 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 South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa. The South Africa dominated the market share in 2022.
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 are the leading companies operating in the wire harness market in the region.
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