Global Two-wheeler Wiring Harness Market - APAC to Drive Growth | Technavio

The global two-wheeler wiring harness market is expected to grow at an impressive CAGR of above 10% during the forecast period, according to Technavio’s latest market research.

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Technavio has published a new market research report on the global two-wheeler wiring harness market 2017-2021 under their automotive library. (Graphic: Business Wire)

In this market research report, Technaviocovers the market outlook and growth prospects of the global two-wheeler wiring harness market for 2017-2021. The market is further categorized into three end-user segments, including commuter segment, premium segment, and mid-segment.

Technavio’s research analysts segment the global two-wheeler wiring harness market into the following regions:

• APAC
• Americas
• EMEA

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APAC: largest two-wheeler wiring harness market

The growth of the global two-wheeler wiring harness market is attributed to the technological advancements in the two-wheeler industry, developments in engine technologies, and increasing customer preference toward the use of two-wheelers. Further, the governments of APAC countries are strictly considering the need for reducing fuel consumption and CO2 emissions. In defining the market potential and introduction of new technologies for wiring harness market, the growing automotive industry in APAC will have a key role.

“Countries such as China and India, which are the largest markets for two-wheelers in APAC, will propel the demand for wiring harnesses. As two-wheelers are affordable, easy to maintain, convenient, and occupy less space, they are used mainly for personal transport. The commute and mid-segment two-wheelers are very popular in this region,” says Ganesh Subramaniam, a lead automotive electronics research expert from Technavio.

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Two-wheeler wiring harness market in Americas

The Americas is the second highest revenue generator in terms of sales of the wiring harness. Premium and mid-segment motorcycles propel the demand in this region. The two-wheeler wiring harness witnesses high demand from OEMs as well as the aftermarket which caters to the premium segment.

“The market in this region is focused on addressing the demand for high technology in the heavyweight category motorcycles to improve safety as well as ride comfort. The riders demand more comfort and smooth performance as their average age is 45. Premium motorcycles offer all the safety and traction control features which are controlled by the ECUs. Hence,” says Ganesh.

Two-wheeler wiring harness market in EMEA

Due to various challenges in the European economy, the growth of the two-wheeler market has been slow. The exit of Britain from the European Union and economic recession are the most vital factors that are expected to restrain the growth of this region. Border crossing constrains implemented owing to BREXIT have had a negative impact on the two-wheeler supply chain. In addition, the tax imposed on imports and exports of both the two-wheeler and related components between the UK and the other European nations will affect the two-wheeler wiring harness market in a negative manner.

The top vendors in the global two-wheeler wiring harness market as highlighted in this market research analysis are:

• Delphi Automotive
• LEONI
• Sumitomo Electric Industries
• Samvardhana Motherson
• Furukawa Electric

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