Malaysia Automotive Wiring Harness Market Introduction and Overview
According to SPER Market Research, the Malaysia Automotive Wiring Harness Market is estimated to reach USD XX billion by 2033 with CAGR of 4.23%.
The report includes an in-depth analysis of the Malaysia Automotive Wiring Harness Market, including market size and trends, product mix, applications, and supplier analysis. In order to encourage the use of Industry 4.0 technology in the manufacturing sector, particularly the wire harness industry, the government has also launched Industry4WRD. In order to increase productivity and competitiveness, this program offers financial incentives and support to businesses who invest in automation and cutting-edge technologies. The wire harness sector is predicted to increase and maintain its competitiveness with the support of sector 4.0 technology.
- 2020: The National Automotive Policy 2020 seeks to position Malaysia as a leader in the region for energy-efficient automobiles, particularly electric vehicles, by offering tax breaks and creating an EV charging station network.
Market Opportunities and Challenges
The market for automotive wiring harnesses is expected to grow significantly due to a number of important factors. First off, the need for complex wiring solutions is fueled by the growing integration of advanced technologies into automobiles, such as infotainment systems, advanced driver-assistance systems (ADAS), and connectivity features. The complexity of wiring harnesses increases with the electrification and automation of vehicles, driving up market demand. The growing popularity of hybrid and electric cars is another important growth factor. Specialized wiring harnesses are needed for electric vehicles in order to control battery, electric motor, and charging system connectivity and power distribution. This trend is further accelerated by the global push for environmentally friendly transportation and strict emission regulations.
It is difficult for businesses to adopt cutting-edge technologies and innovation because of one of the industry's biggest problems: a shortage of trained workers and engineers. The government has started a number of programs aimed at raising the caliber and applicability of technical education and vocational training in order to solve this problem. Competitors with cheaper labor and production costs, like China, present another difficulty in selling wire harnesses at a reduced price. Malaysian enterprises find it challenging to maintain their competitiveness in the market, and in order to set themselves apart from rivals, they must prioritize innovation and personalization. An additional difficulty for Malaysia's wire harness sector is the exorbitant cost of raw materials like copper and aluminum.
Market Competitive Landscape
Malaysia's wire harness market is expanding quickly, and businesses are investing in cutting-edge technologies and R&D to stay competitive. The development of new infrastructure projects and the rising demand for smart and connected devices are also anticipated to fuel the expansion of the wire/cable harness market in Malaysia. Some of major players are K. Wire Harness Sdn. Bhd., Seiko Denki (M) SDN BHD, Chun Hau Electronic, E Manufacturing Sdn Bhd, EH Success Solutions Sdn. Bhd, Aval Electric Sdn. Bhd, Kanhseei Teckh Sdn. Bhd., AECO Manufacturing (M) Sdn. Bhd., Sapura Thales Electronic (STE), Chestronics, Hanshing Industries, SDKM Technologies Sdn. Bhd. and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application, By EV Type
|
| Regions covered | North, West, East, South
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| Companies Covered | K. Wire Harness Sdn. Bhd., Seiko Denki (M) SDN BHD, Chun Hau Electronic, E Manufacturing Sdn Bhd, EH Success Solutions Sdn. Bhd, Aval Electric Sdn. Bhd, Kanhseei Teckh Sdn. Bhd., AECO Manufacturing (M) Sdn. Bhd., Sapura Thales Electronic (STE), Chestronics, Hanshing Industries, SDKM Technologies Sdn. Bhd. and various others.
|
COVID-19 Impact on Malaysia Automotive Wiring Harness Market
The market for composite materials in Malaysia was significantly impacted by the COVID-19 pandemic. The manufacture of composite materials temporarily slowed down as a result of disruptions in the supply chain and manufacturing facilities. The COVID-19 pandemic has had a variety of immediate effects, despite continuing to alter how many businesses are growing. There will be a decline in demand in certain businesses, but many others will withstand the storm and present bright prospects for expansion. But as the limitations loosened and things gradually returned to normal, the market saw a boom. In response to changing industry demands, manufacturers have started looking into novel composite material applications and compositions.
Key Target Audience:
- Wire Harness Companies
- Automotive Companies
- Consumer Electronic Companies
- Major Appliance Companies
- Harness Material Manufacturing Companies
- Industrial Development Authority
- Wiring Harness Manufacturer’s Associations
- Private Equity Firms
- Venture Capitalists
Our in-depth analysis of the Malaysia Automotive Wiring Harness Market includes the following segments:
|
By Application: |
Airbag Harness
Cabin
Door Harness
Electronic Gear Shift System
Electronic Parking Brakes
Engine
|
|
By EV Type: |
BEV
HEV
PHEV
|
|
By Region: |
North
West
East
South
|
Key Topics Covered in the Report:
- Malaysia Automotive Wiring Harness Market Size (FY’2023-FY’2033)
- Overview of Malaysia Automotive Wiring Harness Market
- Segmentation of Malaysia Automotive Wiring Harness Market By Application (Engine, Cabin, Door Harness, Airbag Harness, Electronic Parking Brakes, Electronic Gear Shift System)
- Segmentation of Malaysia Automotive Wiring Harness Market By EV Type (BEV, HEV, PHEV)
- Statistical Snap of Malaysia Automotive Wiring Harness Market
- Expansion Analysis of Malaysia Automotive Wiring Harness Market
- Problems and Obstacles in Malaysia Automotive Wiring Harness Market
- Competitive Landscape in the Malaysia Automotive Wiring Harness Market
- Impact of COVID-19 and Demonetization on Malaysia Automotive Wiring Harness Market
- Details on Current Investment in Malaysia Automotive Wiring Harness Market
- Competitive Analysis of Malaysia Automotive Wiring Harness Market
- Prominent Players in the Malaysia Automotive Wiring Harness Market
- SWOT Analysis of Malaysia Automotive Wiring Harness Market
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Malaysia Automotive Wiring Harness Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Malaysia Automotive Wiring Harness Market Manufacturing Base Distribution, Sales Area, Application Type
6.2. Mergers & Acquisitions, Partnerships, Application Launch, and Collaboration in Malaysia Automotive Wiring Harness Market
7. Malaysia Automotive Wiring Harness Market, By Application, 2019-2033 (USD Million)
7.1. Malaysia Automotive Wiring Harness Market Value Share and Forecast, By Application, 2023-2033
7.2. Airbag Harness
7.3. Cabin
7.4. Door Harness
7.5. Electronic Gear Shift System
7.6. Electronic Parking Brakes
7.7. Engine
8. Malaysia Automotive Wiring Harness Market, By EV Type, 2019-2033 (USD Million)
8.1. Malaysia Automotive Wiring Harness Market Value Share and Forecast, By EV Type, 2023-2033
8.2. BEV
8.3. HEV
8.4. PHEV
9. Malaysia Automotive Wiring Harness Market Forecast, 2019-2033 (USD Million)
9.1. Malaysia Automotive Wiring Harness Market Size and Market Share
10. Malaysia Automotive Wiring Harness Market, By Application, 2019-2033 (USD Million)
10.1. Malaysia Automotive Wiring Harness Market Size and Market Share By Application (2019-2026)
10.2. Malaysia Automotive Wiring Harness Market Size and Market Share By Application (2027-2033)
11. Malaysia Automotive Wiring Harness Market, By EV Type, 2019-2033 (USD Million)
11.1. Malaysia Automotive Wiring Harness Market Size and Market Share By EV Type (2019-2026)
11.2. Malaysia Automotive Wiring Harness Market Size and Market Share By EV Type (2027-2033)
12. Malaysia Automotive Wiring Harness Market, By Region, 2019-2033 (USD Million)
12.1. Malaysia Automotive Wiring Harness Market Size and Market Share By Region (2019-2026)
12.2. Malaysia Automotive Wiring Harness Market Size and Market Share By Region (2027-2033)
12.2.1. North
12.2.2. West
12.2.3. East
12.2.4. South
13. Company Profile
13.1. AECO Manufacturing (M) Sdn. Bhd.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Application summary
13.1.4. Recent developments
13.2. Chestronics
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Application summary
13.2.4. Recent developments
13.3. E Manufacturing Sdn Bhd.
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Application summary
13.3.4. Recent developments
13.4. K. Wire Harness Sdn. Bhd.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Application summary
13.4.4. Recent developments
13.5. Hanshing Industries
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Application summary
13.5.4. Recent developments
13.6. SDKM Technologies Sdn. Bhd.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Application summary
13.6.4. Recent developments
13.7. Others
15 List of Abbreviations
16 Reference Links
17 Conclusion
18 Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
