Global Two-wheeler Wiring Harness Market 2017-2021
About Two-wheeler Wiring Harness
A two-wheeler wiring harness is an assembly of electric wires or cables and other components such as terminals, connectors, and clamps that are used to transfer information and power among the electronic components. The wiring harness is a standard stock fitment in any two-wheeler. It is also known as a wiring loom for the vehicles. Electric wires are tied together using cable ties, electrical tapes, conduits, or a combination of these to form the complete wiring assembly. A two-wheeler wiring harness safeguards the wires against the impacts of vibrations.
Technavio’s analysts forecast the global two-wheeler wiring harness market to grow at a CAGR of 10.41% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global two-wheeler wiring harness market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Two-wheeler Wiring Harness Market 2017-2021
Technavio recognizes the following companies as the key players in the global two-wheeler wiring harness market: Delphi Automotive*, LEONI, Sumitomo Electric Industries, Samvardhana Motherson, and Furukawa Electric.
Other Prominent Vendors in the market are: Lear, MFE, and Viney.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing usage of water-proof wiring harnesses. The unsealed connectors of wiring harness were widely used in the two-wheelers as it helps in transmitting the electric signals either from the power source to the electronic equipment or connects the internal controls of a machine. As the unsealed connectors are prone to damage and failure such as terminal issues and corrosion of wires, the OEMs and the two-wheeler manufacturers are shifting from the usage of unsealed connectors to the air-tight sealed connectors.”
According to the report, one driver in the market is growing two-wheeler market in developing countries. Two-wheelers are used for personal transport, as they are affordable, easy to maintain, convenient, occupies less space, and are easy to park. The commuter and the mid-segment two-wheelers are mainly used as alternatives to walking and short distance commute. They are very popular in the growing economies such as India, China, Indonesia, and others. India is the largest market for two-wheelers, followed by China and Indonesia. APAC constitutes the major share of two-wheeler market, and it is expected to grow at an exponential rate during the forecast period. In 2016, India dominated the two-wheelers market with 17.7 million two-wheeler units sold, followed by China with 16.8 million two-wheelers units sold.
Further, the report states that one challenge in the market is consolidation of ECUs to reduce wiring harness in two-wheelers. ECU is a very costly device as it incorporates an array of advanced sensors to collect data from the engine and connected equipment. The availability of multicore system-on-chip (SoC) has resulted in rapid advancement in processing power of ECU in vehicles. This will lead to consolidation of ECUs in a two-wheeler to a central SoC. As a result, there will be reduction in the amount of wiring harnesses requirement per vehicle as several ECUs will be replaced by a single SoC. Today, two-wheelers technologies are heading toward mechatronics as sensors are being used as hardware for these technologies.
Delphi Automotive*, LEONI, Sumitomo Electric Industries, Samvardhana Motherson, Furukawa Electric, Lear, MFE, and Viney.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook