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)
Description
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.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa 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 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.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa 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
Table of Contents
124 Pages
- 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. MEA Wire Harness Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 MEA
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinions
- 5. MEA Wire Harness Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Spreading Technological Advancements in Automobiles
- 5.2 Market Restraints
- 5.2.1 Intensifying Counterfeit Products That Can Cause Catastrophe
- 5.3 Market Opportunities
- 5.3.1 Technological Development in Food & Beverages and Agriculture
- 5.4 Future Trends
- 5.4.1 Growing Usage of Lightweight Wire Harness
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Wire Harness Market – MEA Market Analysis
- 6.1 MEA Wire Harness Market Overview
- 6.2 MEA Wire Harness Market Revenue Forecast and Analysis
- 7. MEA Wire Harness Market Analysis – By Product Type
- 7.1 Overview
- 7.2 MEA 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. MEA Wire Harness Market Analysis – By Material
- 8.1 Overview
- 8.2 MEA 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. MEA Wire Harness Market Analysis – By End User
- 9.1 Overview
- 9.2 MEA 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. MEA Wire Harness Market – by Country Analysis
- 10.1 MEA: Wire Harness Market
- 10.1.1 MEA: Wire Harness Market- by Key Country
- 10.1.1.1 South Africa: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.1.1 South Africa: Wire Harness Market- by Product Type
- 10.1.1.1.2 South Africa: Wire Harness Market- By Material
- 10.1.1.1.3 South Africa: Wire Harness Market- By End User
- 10.1.1.2 Saudi Arabia: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.2.1 Saudi Arabia: Wire Harness Market- by Product Type
- 10.1.1.2.2 Saudi Arabia: Wire Harness Market- By Material
- 10.1.1.2.3 Saudi Arabia: Wire Harness Market- By End User
- 10.1.1.3 UAE: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.3.1 UAE: Wire Harness Market- by Product Type
- 10.1.1.3.2 UAE: Wire Harness Market- By Material
- 10.1.1.3.3 UAE: Wire Harness Market- By End User
- 10.1.1.4 Rest of MEA: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.4.1 Rest of MEA: Wire Harness Market- by Product Type
- 10.1.1.4.2 Rest of MEA: Wire Harness Market- By Material
- 10.1.1.4.3 Rest of MEA: 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 Yazaki Corporation
- 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 FURUKAWA ELECTRIC CO., LTD.
- 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 Motherson Sumi Systems 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 YURA Corporation
- 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. MEA Wire Harness Market Revenue and Forecast to 2028 (US$ Million)
- Table 2. South Africa: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
- Table 3. South Africa: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
- Table 4. South Africa: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
- Table 5. Saudi Arabia: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
- Table 6. Saudi Arabia: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
- Table 7. Saudi Arabia: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
- Table 8. UAE: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
- Table 9. UAE: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
- Table 10. UAE: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
- Table 11. Rest of MEA: Wire Harness Market- by Product Type –Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of MEA: Wire Harness Market- By Material –Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of MEA: Wire Harness Market- By End User –Revenue and Forecast to 2028 (US$ Million)
- Table 14. List of Abbreviation
- LIST OF FIGURES
- Figure 1. MEA Wire Harness Market Segmentation
- Figure 2. MEA Wire Harness Market Segmentation – By Country
- Figure 3. MEA Wire Harness Market Overview
- Figure 4. MEA Wire Harness Market, by Product Type
- Figure 5. MEA Wire Harness Market, by Material
- Figure 6. MEA Wire Harness Market, by End User
- Figure 7. MEA Wire Harness Market, by Country
- Figure 8. MEA – PEST Analysis
- Figure 9. MEA Wire Harness Market- Ecosystem Analysis
- Figure 10. MEA Expert Opinions
- Figure 11. MEA Wire Harness Market Impact Analysis of Drivers and Restraints
- Figure 12. MEA Wire Harness Market Revenue Forecast and Analysis (US$ Million)
- Figure 13. MEA Wire Harness Market Revenue Share, by Product Type(2021 and 2028)
- Figure 14. MEA Wire Harness Connector: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 15. MEA Wire Harness Terminal: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. MEA Others: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. MEA Wire Harness Market Revenue Share, By Material (2021 and 2028)
- Figure 18. MEA PVC: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 19. MEA Vinyl: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 20. MEA Thermoplastic Elastomer: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. MEA Polyurethane: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 22. MEA Polyethylene: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 23. MEA Wire Harness Market Revenue Share, by End User (2021 and 2028)
- Figure 24. MEA Automotive: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 25. MEA Agriculture: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 26. MEA Appliance: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 27. MEA Others: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 28. MEA: Wire Harness Market, By Key Country – Revenue (2021) (US$ Million)
- Figure 29. MEA: Wire Harness Market Revenue Share, By Key Country (2021 and 2028)
- Figure 30. South Africa: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 31. Saudi Arabia: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 32. UAE: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 33. Rest of MEA: Wire Harness Market – Revenue and Forecast to 2028 (US$ Million)
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