South America Wire Harness Market Forecast to 2030

South America 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)

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Description

The South America wire harness market is expected to grow from US$ 3,927.32 million in 2023 to US$ 4,995.28 million by 2030. It is estimated to grow at a CAGR of 3.5% from 2023 to 2030.

Technological Advancements in Food & Beverages and Agriculture Drive South America 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. 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. Thus, the advantages will subsequently translate into lucrative growth opportunities for the South America wire harness market.

South America Wire Harness Market Overview

South America includes several developing economies such as Brazil, Argentina, Chile, Peru, and Colombia. The economy witnessed a steady growth in its infrastructure development with the construction of airports, highways, dams, and others, which created an exponential demand for commercial vehicles in the region. Also, the transport infrastructure of the region is constantly developing, thus, resulting in an increasing need for commercial vehicles. In addition to this, countries in SAM are witnessing an upsurge in the middle-class population as well as growth in urbanization. The rise in the economic condition assists regional and international car makers and government bodies in taking further initiatives concerning the growth of the automotive sector in South America. Due to this, the SAM automobile industry witnessed a growth of 7% in terms of sales in the first 2 quarters of 2018, with a sales figure for light commercial vehicles accounting for 2.83 million. As a result of the growing automotive industry, the demand for wire harnessing is likely to flourish over the forecast period. Brazil is the largest market for the American Tower in South America. It contributes to almost half (19,100) of the regional cellular sites. With the rollout of 5G technology, the number of cellular towers throughout the region is expected to increase drastically soon, increasing the demand for electronic components, which eventually reflects positively on the SAM wire harness markets.

South America Wire Harness Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Wire Harness Market Segmentation

The South & Central America wire harness market is segmented into product type, material, end user, and country.

Based on product type, the South & Central America 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 South & Central America wire harness market.

Based on material, the South & Central America wire harness market is segmented into PVC, vinyl, thermoplastic elastomer, polyurethane, and polyethylene. In 2023, the PVC segment registered a largest share in the South & Central America wire harness market.

Based on end-use, the South & Central America 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 South & Central America wire harness market. The automotive segment is further segmented into two wheeler, construction vehicles, passenger cars, and commercial vehicles.

Based on country, the South & Central America wire harness market is segmented into Brazil, Argentina, and the Rest of South & Central America. In 2023, Brazil segment registered a largest share in the South & Central America wire harness market.

DRÄXLMAIER Group; Fujikura Ltd.; FURUKAWA ELECTRIC CO., LTD.; Lear Corporation; LEONI AG; Motherson Sumi Systems Ltd.; Sumitomo Electric Industries, Ltd.; and Yazaki Corporation are the leading companies operating in the South & Central America wire harness market.

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At 3.5% CAGR, the South America Wire Harness Market is speculated to be worth US$ 4,995.28 million by 2030, saysthe research team

According tothe research team’ research, the South America wire harness market was valued at US$ 3,927.32 million in 2023 and is expected to reach US$ 4,995.28 million by 2030, registering a CAGR of 3.5% from 2023 to 2030. Growing technological advancements in automobiles and agriculture and technological advancements in food & beverages and agriculture are the critical factors attributed to the South America wire harness market expansion.

Automobile manufacturers are implementing various technologies in their upcoming models to stay competitive in the market. Technologies such as automatic high beam control, self-driving, cruise control, and automatic lift gates are highly adopted by automobile companies as buyers are largely lured by attractive design, specifications, quality, and features. Some of the technologically advanced vehicles have approximately 40 wire harnesses comprising ~3,000 wires and around 700 connectors. Wire harnesses are one of the most important components of a vehicle’s electrical system. It bundles up to 5 km of cables in an average car. Moreover, in modern vehicles, the majority of components, such as engine, air conditioning, instrumentation, audio speaker, lights, and battery are connected through front, rear, and roof wire harnesses. Owing to the increasing technological advancements, the demand for wire harnesses is growing in the automobile industry. In July 2022, Toyota launched a teaser of its new connected car technology, Toyota i-Connect. Moreover, customers are moving toward electric vehicles (EV), which is also a driving factor for the South America wire harness market. Such factors are propelling the South America wire harness market growth.

On the contrary, rising counterfeit products that can cause catastrophe hurdles the growth of South America wire harness market.

Based on product type, the South America wire harness market is segmented into wire harness connector, wire harness terminal, and others. The others segment held 54.9% share of South America wire harness market in 2023, amassing US$ 2,157.75 million. It is projected to garner US$ 2,837.69 million by 2030 to expand at 4.0% CAGR during 2023–2030.

Based on material, the South America wire harness market is segmented into PVC, vinyl, thermoplastic elastomer, polyurethane, and polyethylene. The PVC segment held 51.5% share of South America wire harness market in 2023, amassing US$ 2,024.45 million. It is projected to garner US$ 2,438.74 million by 2030 to expand at 2.7% CAGR during 2023–2030.

Based on end-use, the South America wire harness market is segmented into automotive, marine, aerospace and defense, consumer durables, medical, agriculture, industrial, and others. The automotive segment held 47.8% share of South America wire harness market in 2023, amassing US$ 1,878.07 million. It is projected to garner US$ 2,615.46 million by 2030 to expand at 4.8% CAGR during 2023–2030. The automotive segment is further segmented into two wheeler, construction vehicles, passenger cars, and commercial vehicles.

Based on country, the South & Central America wire harness market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 53.2% share of South America wire harness market in 2023. It was assessed at US$ 2,090.51 million in 2023 and is likely to hit US$ 2,820.34 million by 2030, exhibiting a CAGR of 4.4% during the forecast period.

Key players profiles in the South America wire harness market report DRÄXLMAIER Group; Fujikura Ltd.; FURUKAWA ELECTRIC CO., LTD.; Lear Corporation; LEONI AG; Motherson Sumi Systems Ltd.; Sumitomo Electric Industries, Ltd.; and Yazaki Corporation, among others.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 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. South America Wire Harness Market Landscape
4.1 Market Overview
4.2 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South America 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 – South America Market Analysis
6.1 South America Wire Harness Market Overview
6.2 South America Wire Harness Market Revenue Forecast and Analysis
7. South America Wire Harness Market Analysis – By Component
7.1 Overview
7.2 South America Wire Harness Market, By Component (2022 and 2030)
7.3 Wire Harness Connector
7.3.1 Overview
7.3.2 Wire Harness Connector: South America 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: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
8. South America Wire Harness Market Analysis – By Material
8.1 Overview
8.2 South America Wire Harness Market, By Material (2022 and 2030)
8.3 PVC
8.3.1 Overview
8.3.2 PVC: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Vinyl
8.4.1 Overview
8.4.2 Vinyl: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Thermoplastic Elastomer
8.5.1 Overview
8.5.2 Thermoplastic Elastomer: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Polyurethane
8.6.1 Overview
8.6.2 Polyurethane: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
8.7 Polyethylene
8.7.1 Overview
8.7.2 Polyethylene: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9. South America Wire Harness Market Analysis – By End User
9.1 Overview
9.2 South America Wire Harness Market, By End User (2022 and 2030)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.3.2.1 Two-Wheelers
9.3.2.2 Two-Wheelers: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.3.2.3 Construction Vehicles
9.3.2.4 Construction Vehicles: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.3.2.5 Passenger Cars
9.3.2.6 Passenger Cars: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.3.2.7 Commercial Vehicles
9.3.2.8 Commercial Vehicles: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Marine
9.4.1 Overview
9.4.2 Marine: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Aerospace & Defense
9.5.1 Overview
9.5.2 Aerospace & Defense: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Consumer Durables
9.6.1 Overview
9.6.2 Consumer Durables: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.7 Medical
9.7.1 Overview
9.7.2 Medical: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.8 Agriculture
9.8.1 Overview
9.8.2 Agriculture: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.9 Industrial
9.9.1 Overview
9.9.2 Industrial: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
9.10 Others
9.10.1 Overview
9.10.2 Others: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
10. South America Wire Harness Market – Country Analysis
10.1 Overview
10.1.1 South America Wire Harness Market- by Key Country
10.1.1.1 Brazil: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.1.1 Brazil: Wire Harness Market- by Component
10.1.1.1.2 Brazil: Wire Harness Market- By Material
10.1.1.1.3 Brazil: Wire Harness Market- By End User
10.1.1.1.4 Brazil: Wire Harness Market- By Automotive
10.1.1.2 Argentina: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Argentina: Wire Harness Market- by Component
10.1.1.2.2 Argentina: Wire Harness Market- By Material
10.1.1.2.3 Argentina: Wire Harness Market- By End User
10.1.1.2.4 Argentina: Wire Harness Market- By Automotive
10.1.1.3 Rest of SAM: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Rest of SAM: Wire Harness Market- by Component
10.1.1.3.2 Rest of SAM: Wire Harness Market- By Material
10.1.1.3.3 Rest of SAM: Wire Harness Market- By End User
10.1.1.3.4 Rest of SAM: 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 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
13. Appendix
13.1 About
13.2 Word Index

LIST OF TABLES

Table 1. South America Wire Harness Market Revenue and Forecast to 2030 (US$ Million)
Table 2. Brazil: Wire Harness Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 3. Brazil: Wire Harness Market- By Material –Revenue and Forecast to 2030 (US$ Million)
Table 4. Brazil: Wire Harness Market- By End User –Revenue and Forecast to 2030 (US$ Million)
Table 5. Brazil: Wire Harness Market- By Automotive –Revenue and Forecast to 2030 (US$ Million)
Table 6. Argentina: Wire Harness Market- by Component –Revenue and Forecast to 2030 (US$ Million)
Table 7. Argentina: Wire Harness Market- By Material –Revenue and Forecast to 2030 (US$ Million)
Table 8. Argentina: Wire Harness Market- By End User –Revenue and Forecast to 2030 (US$ Million)
Table 9. Argentina: Wire Harness Market- By Automotive –Revenue and Forecast to 2030 (US$ Million)
Table 10. Rest of SAM: Wire Harness Market- by Component–Revenue and Forecast to 2030 (US$ Million)
Table 11. Rest of SAM: Wire Harness Market- By Material –Revenue and Forecast to 2030 (US$ Million)
Table 12. Rest of SAM: Wire Harness Market- By End User –Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of SAM: Wire Harness Market- By Automotive –Revenue and Forecast to 2030 (US$ Million)
Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. South America Wire Harness Market Segmentation
Figure 2. South America Wire Harness Market Segmentation – By Country
Figure 3. South America Wire Harness Market Overview
Figure 4. South America Wire Harness Market, by Component
Figure 5. South America Wire Harness Market, by Material
Figure 6. South America Wire Harness Market, by Country
Figure 7. South America – PEST Analysis
Figure 8. South America Wire Harness Market- Ecosystem Analysis
Figure 9. South America Wire Harness Market Impact Analysis of Drivers and Restraints
Figure 10. South America Wire Harness Market Revenue Forecast and Analysis (US$ Million)
Figure 11. South America Wire Harness Market Revenue Share, by Component (2022 and 2030)
Figure 12. Wire Harness Connector: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Wire Harness Terminal: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Others: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. South America Wire Harness Market Revenue Share, By Material (2022 and 2030)
Figure 16. PVC: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Vinyl: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Thermoplastic Elastomer: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Polyurethane: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Polyethylene: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. South America Wire Harness Market Revenue Share, by End User (2022 and 2030)
Figure 22. Automotive: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Two-Wheelers: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Construction Vehicles: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Passenger Cars: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Commercial Vehicles: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Marine: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Aerospace & Defense: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Consumer Durables: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Medical: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. Agriculture: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 32. Industrial: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 33. Others: South America Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 34. South America Wire Harness Market, By Key Country – Revenue (2022) (US$ Million)
Figure 35. South America Wire Harness Market Revenue Share, By Key Country (2022 and 2030)
Figure 36. Brazil: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 37. Argentina: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)
Figure 38. Rest of SAM: Wire Harness Market – Revenue and Forecast to 2030 (US$ Million)

The List of Companies – South America Wire Harness Market
– DRÄXLMAIER Group
– Fujikura Ltd.
– FURUKAWA ELECTRIC CO., LTD.
– Lear Corporation
– LEONI AG
– Motherson Sumi Systems Ltd.
– Sumitomo Electric Industries, Ltd.
– Yazaki Corporation

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