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Middle East & Africa Wire Harness Market Forecast to 2030 - 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, Marine, Aerospace and Defense, Consumer Durables, Medical, Agriculture, Industrial, and Others)
Market Report I 2023-08-29 I 145 Pages I The Insight Partners
The Middle East & Africa wire harness market is expected to grow from US$ 5,569.08 million in 2023 to US$ 7,399.40 million by 2030. It is estimated to grow at a CAGR of 4.1% from 2023 to 2030.
Technological Advancements in Food & Beverages and Agriculture Drives Middle East & Africa Wire Harness Market
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. Car Manufacturing Company, and Sumitomo Electric Industries 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. Thus, the advantages will subsequently translate into lucrative growth opportunities for the Middle East & Africa wire harness market .
Middle East & Africa Wire Harness 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. For instance, in Saudi Arabia, the government is developing a national vehicle cluster as part of the National Industrial Cluster Development Program (NICDP), intending to produce 600,000 vehicles annually by 2025. 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 in the near future.
Furthermore, while the oil and gas industry accounts for about 40% of UAE's GDP, the country is also facing shrinking profits as much of the world is looking at alternative energy sources. 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.
Vendors in the Middle East & Africa wire harness market are visualizing the region as the next emerging market, setting up new production facilities to cater to the growing demand. For instance, in September 2019, Motherson Sumi Systems Limited announced to sets up a wire harness unit in the UAE. The Emirate of Ras Al Khaimah will host the new factory for auto wire harnesses, rear-view mirrors for passenger cars, and injection-molded parts. This will provide Motherson Sumi Systems with great opportunities for larger exposure to the global markets. Hence, the growing development across the region is anticipated to propel the market forward over the forecast period.
Middle East & Africa Wire Harness Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Wire Harness Market Segmentation
The Middle East & Africa wire harness market is segmented into product type, material, end user, and country.
Based on product type, the Middle East & Africa wire harness market is segmented into wire harness connector, wire harness terminal, and others. In 2023, the others segment registered a largest share in the Middle East & Africa wire harness market.
Based on material, the Middle East & Africa wire harness market is segmented into PVC, vinyl, thermoplastic elastomer, polyurethane, and polyethylene. In 2023, the PVC segment registered a largest share in the Middle East & Africa wire harness market.
Based on end-use, the Middle East & Africa wire harness market is segmented into automotive, marine, aerospace and defense, consumer durables, medical, agriculture, industrial, and others. In 2023, the automotive segment registered a largest share in the Middle East & Africa wire harness market. The automotive segment is further segmented into two wheeler, construction vehicles, passenger cars, and commercial vehicles.
Based on country, the Middle East & Africa wire harness market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. In 2023, the UAE segment registered a largest share in the Middle East & Africa wire harness market.
DRAXLMAIER Group; Fujikura Ltd.; FURUKAWA ELECTRIC CO., LTD.; Lear Corporation; LEONI AG; Motherson Sumi Systems Ltd.; Sumitomo Electric Industries, Ltd.; Yazaki Corporation; and YURA Corporation are the leading companies operating in the Middle East & Africa wire harness market.
TABLE OF CONTENTS
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. Middle East & Africa Wire Harness Market Landscape
4.1 Market Overview
4.2 Middle East & Africa PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Middle East & Africa Wire Harness Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Technological Advancements in Automobiles
5.1.2 Increasing Wire and Cable Consumption
5.2 Market Restraints
5.2.1 Rising Counterfeit Products That Can Cause Catastrophe
5.3 Market Opportunities
5.3.1 Technological Advancements in Food & Beverages and Agriculture
5.4 Future Trends
5.4.1 Increasing Usage of Lightweight Wire Harness
5.5 Impact Analysis of Drivers and Restraints
6. Wire Harness Market - Middle East & Africa Market Analysis
6.1 Middle East & Africa Wire Harness Market Overview
6.2 Middle East and Africa Wire Harness Market Revenue Forecast and Analysis
7. Middle East & Africa Wire Harness Market Analysis - By Component
7.1 Overview
7.2 Middle East & Africa Wire Harness Market, By Component (2022 and 2030)
7.3 Wire Harness Connector
7.3.1 Overview
7.3.2 Wire Harness Connector: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Wire Harness Terminal
7.4.1 Overview
7.4.2 Wire Harness Terminal: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Wire Harness Market Analysis - By Material
8.1 Overview
8.2 Middle East & Africa Wire Harness Market, By Material (2022 and 2030)
8.3 PVC
8.3.1 Overview
8.3.2 PVC: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Vinyl
8.4.1 Overview
8.4.2 Vinyl: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Thermoplastic Elastomer
8.5.1 Overview
8.5.2 Thermoplastic Elastomer: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
8.6 Polyurethane
8.6.1 Overview
8.6.2 Polyurethane: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
8.7 Polyethylene
8.7.1 Overview
8.7.2 Polyethylene: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Wire Harness Market Analysis - By End User
9.1 Overview
9.2 Middle East & Africa Wire Harness Market, By End User (2022 and 2030)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9.3.2.1 Two-Wheelers
9.3.2.2 Two-Wheelers: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9.3.2.3 Construction Vehicles
9.3.2.4 Construction Vehicles: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9.3.2.5 Passenger Cars
9.3.2.6 Passenger Cars: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9.3.2.7 Commercial Vehicles
9.3.2.8 Commercial Vehicles: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Marine
9.4.1 Overview
9.4.2 Marine: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Aerospace & Defense
9.5.1 Overview
9.5.2 Aerospace & Defense: Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9.6 Consumer Durables
9.6.1 Overview
9.6.2 Consumer Durables: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9.7 Medical
9.7.1 Overview
9.7.2 Medical: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9.8 Agriculture
9.8.1 Overview
9.8.2 Agriculture: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9.9 Industrial
9.9.1 Overview
9.9.2 Industrial: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
9.10 Others
9.10.1 Overview
9.10.2 Others: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
10. Middle East & Africa Wire Harness Market - Country Analysis
10.1 Overview
10.1.1 Middle East & Africa Wire Harness Market- by Key Country
10.1.1.1 South Africa: Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 South Africa: Wire Harness Market- by Component
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
10.1.1.1.4 South Africa: Wire Harness Market- By Automotive
10.1.1.2 Saudi Arabia: Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Saudi Arabia: Wire Harness Market- by Component
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
10.1.1.2.4 Saudi Arabia: Wire Harness Market- By Automotive
10.1.1.3 UAE: Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 UAE: Wire Harness Market- by Component
10.1.1.3.2 UAE: Wire Harness Market- By Material
10.1.1.3.3 UAE: Wire Harness Market- By End User
10.1.1.3.4 UAE: Wire Harness Market- By Automotive
10.1.1.4 Rest of MEA: Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Rest of MEA: Wire Harness Market- by Component
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
10.1.1.4.4 Rest of MEA: Wire Harness Market- By Automotive
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profile
12.1 DRAXLMAIER 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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Wire Harness Market Revenue and Forecast to 2030 (US$ Million)
Table 2. South Africa: Wire Harness Market- by Component -Revenue and Forecast to 2030 (US$ Million)
Table 3. South Africa: Wire Harness Market- By Material -Revenue and Forecast to 2030 (US$ Million)
Table 4. South Africa: Wire Harness Market- By End User -Revenue and Forecast to 2030 (US$ Million)
Table 5. South Africa: Wire Harness Market- By Automotive -Revenue and Forecast to 2030 (US$ Million)
Table 6. Saudi Arabia: Wire Harness Market- by Component -Revenue and Forecast to 2030 (US$ Million)
Table 7. Saudi Arabia: Wire Harness Market- By Material -Revenue and Forecast to 2030 (US$ Million)
Table 8. Saudi Arabia: Wire Harness Market- By End User -Revenue and Forecast to 2030 (US$ Million)
Table 9. Saudi Arabia: Wire Harness Market- By Automotive -Revenue and Forecast to 2030 (US$ Million)
Table 10. UAE: Wire Harness Market- by Component -Revenue and Forecast to 2030 (US$ Million)
Table 11. UAE: Wire Harness Market- By Material -Revenue and Forecast to 2030 (US$ Million)
Table 12. UAE: Wire Harness Market- By End User -Revenue and Forecast to 2030 (US$ Million)
Table 13. UAE: Wire Harness Market- By Automotive -Revenue and Forecast to 2030 (US$ Million)
Table 14. Rest of MEA: Wire Harness Market- by Component -Revenue and Forecast to 2030 (US$ Million)
Table 15. Rest of MEA: Wire Harness Market- By Material -Revenue and Forecast to 2030 (US$ Million)
Table 16. Rest of MEA: Wire Harness Market- By End User -Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of MEA: Wire Harness Market- By Automotive -Revenue and Forecast to 2030 (US$ Million)
Table 18. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Wire Harness Market Segmentation
Figure 2. Middle East & Africa Wire Harness Market Segmentation - By Country
Figure 3. Middle East & Africa Wire Harness Market Overview
Figure 4. Middle East & Africa Wire Harness Market, by Component
Figure 5. Middle East & Africa Wire Harness Market, by Material
Figure 6. Middle East & Africa Wire Harness Market, by Country
Figure 7. Middle East & Africa - PEST Analysis
Figure 8. Middle East & Africa Wire Harness Market- Ecosystem Analysis
Figure 9. Middle East & Africa Wire Harness Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East and Africa Wire Harness Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Middle East & Africa Wire Harness Market Revenue Share, by Component (2022 and 2030)
Figure 12. Wire Harness Connector: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Wire Harness Terminal: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. Others: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Middle East & Africa Wire Harness Market Revenue Share, By Material (2022 and 2030)
Figure 16. PVC: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Vinyl: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Thermoplastic Elastomer: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. Polyurethane: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. Polyethylene: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 21. Middle East & Africa Wire Harness Market Revenue Share, by End User (2022 and 2030)
Figure 22. Automotive: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 23. Two-Wheelers: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 24. Construction Vehicles: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 25. Passenger Cars: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 26. Commercial Vehicles: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 27. Marine: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 28. Aerospace & Defense: Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 29. Consumer Durables: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 30. Medical: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 31. Agriculture: Middle east & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 32. Industrial: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 33. Others: Middle East & Africa Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 34. Middle East & Africa Wire Harness Market Share, By Key Country - Revenue (2022) (US$ Million)
Figure 35. Middle East & Africa Wire Harness Market Revenue Share, By Key Country (2022 and 2030)
Figure 36. South Africa: Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 37. Saudi Arabia: Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 38. UAE: Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
Figure 39. Rest of MEA: Wire Harness Market - Revenue and Forecast to 2030 (US$ Million)
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