Asia Pacific Commercial Vehicle Wiring Harness Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Vehicle Type (Electric Vehicle, Automotive, Light Commercial Vehicle, and Medium and Heavy Co

The Asia Pacific commercial vehicle wiring harness market is poised for substantial growth, with projections indicating that it will reach approximately USD 12,276.12 million by 2031, up from USD 6,039.52 million in 2023. This growth trajectory reflects a compound annual growth rate (CAGR) of 9.3% from 2023 to 2031.

Executive Summary and Market Analysis

The commercial vehicle wiring harness market in the Asia Pacific region is expected to expand significantly during the forecast period, driven primarily by the burgeoning transportation sector and the increasing production of commercial vehicles. According to data from Atradius N.V. published in April 2024, the transportation and logistics industry is anticipated to grow by 6.3% by the end of 2024. Key countries such as Australia, Singapore, China, India, and Japan are experiencing robust growth in their transportation networks, with Australia and Singapore projected to grow by 5%.

In response to the evolving market landscape, industry players are increasingly leveraging artificial intelligence (AI) technology in the manufacturing of wiring harnesses. For example, in November 2023, Yazaki Corporation and NEC Corporation conducted a successful demonstration experiment utilizing the NEC Digital Robot Planning Solution . This innovative approach enables the autonomous production of motion plans for multiple robots, aimed at enhancing the efficiency of vehicle wire harness manufacturing. Following positive results, these companies are now testing for mass production, with plans to commercialize the system by July 2025, marking a significant advancement in Japan's manufacturing capabilities.

Strategic Insights

Market Segmentation Analysis

The Asia Pacific commercial vehicle wiring harness market is segmented by vehicle type, which includes electric vehicles, automotive, light commercial vehicles, and medium and heavy commercial vehicles. In 2023, the automotive segment dominated the market share. The light commercial vehicle segment is further divided into SUVs, pickups, minitrucks, and minivans, while the medium and heavy commercial vehicle segment includes medium and heavy trucks, heavy mining trucks, heavy construction vehicles, and agricultural vehicles.

Market Outlook

Vehicle manufacturers are continuously innovating and integrating new technologies into modern vehicles. The rising demand for safety and security features is prompting automotive manufacturers to incorporate advanced technologies such as self-driving capabilities and advanced driver assistance systems (ADAS). These technologies are revolutionizing transportation by enhancing driver safety through features like adaptive cruise control, lane-keeping assistance, and automatic emergency braking. Research from the National Library of Medicine indicates that the implementation of automatic emergency braking systems can reduce rear-end collisions by 43% and significantly lower pedestrian fatalities and injuries.

Moreover, vehicles are becoming increasingly connected due to the integration of the Internet of Things (IoT) and vehicle connectivity. This transformation is turning vehicles into multifunctional hubs for entertainment, communication, and productivity. The growing demand for integrated screens and displays within commercial vehicle interiors further illustrates this trend. As vehicles evolve to accommodate advanced features, the need for a variety of hardware, including wires, cables, and connectors, increases. Wiring harnesses play a crucial role in organizing these components, providing safety against abrasions, vibrations, and moisture, while maximizing space efficiency and minimizing the risk of short circuits.

Country Insights

The Asia Pacific commercial vehicle wiring harness market is comprised of several key countries, including China, Japan, India, South Korea, and other regions within Asia Pacific. Notably, China held the largest market share in 2023. As one of the world's leading electric vehicle manufacturers, China also excels in the production of passenger cars and commercial vehicles, supported by a robust manufacturing base that drives demand for wiring harnesses.

In July 2023, Dongfeng Motor Corporation, a prominent player in the light commercial vehicle sector in China, launched a comprehensive lineup of fully electric light commercial vehicles tailored for logistics and last-mile delivery solutions. The surge in automotive sales in China has significantly increased the demand for wiring harnesses, both in terms of value and volume, correlating with the rise in commercial vehicle sales.

Company Profiles

Key players in the Asia Pacific commercial vehicle wiring harness market include Motherson Sumi Systems Ltd, AME Systems (VIC) Pty Ltd, Spark Minda, Yazaki Corporation, Sumitomo Electric Industries Ltd, Nexans SA, Furukawa Electric Co Ltd, Lear Corporation, DRÄXLMAIER Group, and ECO CABLES, among others. These companies are actively pursuing strategies such as market expansion, product innovation, and mergers and acquisitions to enhance their product offerings and increase their market share. Show more