GCC Automotive Wiring Harness Market Vehicle Type (Passenger Car, Commercial Vehicle, and Two Wheeler) 2026

The GCC automotive wiring harness market was valued at $321.2 million in 2018, and is projected to reach $408.7 million by 2026, registering a CAGR of 2.9% from 2019 to 2026. By application, the chassis wiring harness segment was the highest revenue contributor in 2018, accounting for $116.3 million, and is estimated to reach $153.7 million by 2026, registering a CAGR of 3.4% during the forecast period. Saudi Arabia accounted for a major market share in 2018.

Automotive wiring harness is an electrical assembly of various components in a vehicle that transmits power and information to a single system. It plays an important role in transmitting information about the operation of the vehicle, sending & receiving sensor signals, and supplying power.

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Major Market Players:
• LOCAL PLAYERS
• Kromberg & Schubert
• Amit (Abdulla Moh'd Ibrahim Trading Est.)
• Mssl Mideast FZE (Subsidiary of Motherson Group)
• Leoni
• Sumitomo Electric Industries, Ltd.
• GLOBAL PLAYERS
• APTIV
• THB Group
• FEDERAL-MOGUL (SUBSIDIARY OF TENNECO)
• Furukawa Electric Co., Ltd.
• Lear Corporation

Also, wiring harnesses are the assemblies that consist of multiple terminated wires that are installed during vehicle production. The components that are assembled include speed sensors, heating, ventilation and air conditioning (HVAC) systems, electrical devices, and other electronic components. In the automotive wiring harness industry, the wires are first cut to the desired length, usually using a special wire-cutting machine. The wires may also be printed by a special machine during the cutting process or on a separate machine. After this, the ends of the wires are stripped to expose the metal (or core), which is then fitted to the required terminals or connector housings. The cables are assembled and clamped together on a special workbench or onto a pin board (assembly board), according to the design specification, to form the cable harness. After fitting the required protective sleeves, conduit, or extruded yarn, the harness is either fitted directly in the vehicle or shipped. The GCC automotive wiring harness market trends are decided on the basis of forecast from 2019 to 2026.

The GCC automotive wiring harness market is driven by increase in wealth of the population, rise in disposable income, lower cost of vehicle ownership, attractive insurance and financing options, and availability of low-cost fuel. Furthermore, rise in demand for premium cars as well as different strategies to expand the consumer base are the factors propelling the growth of the wiring harness market in the GCC region.

Implementation of VAT and some stricter government regulations in GCC countries and fluctuations in exchange rate coupled with grey imports and regulations to reduce carbon emissions are some of the major restraining factors of this GCC automotive wiring harness market.

The GCC automotive wiring harness market is segmented based on application, and vehicle type. Body wiring harness, engine wiring harness, chassis wiring harness, HVAC wiring harness, and sensors wiring harness are studied under the application segment. Based on vehicle type, the market is categorized into passenger car, commercial vehicle, and two wheeler. The market is analyzed across countries such as Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, and Oman.

In addition to the size, the wealth of the population also tends to have a large influence on the demand for vehicles. In the last 10 years, the total vehicles in use in the GCC have moved almost steadily with the GDP per capita. The economy in GCC region has witnessed richest and fastest growth in the world, largely owing to its proven oil reserves and increase in non-oil revenue. Furthermore, personal income levels of the population are directly correlated to economic growth. Hence, rise in economy is anticipated to translate into increase in disposable income. Moreover, a tax-free fiscal environment has supported discretionary spending. In addition, with a high degree of spending power, GCC region is moving toward the adoption of the high-value products such as cars and sport motorcycles. Global automakers of luxury as well as mid-segment cars are expanding their presence within GCC countries to lure the wealthy class. An expanding consumer base results in higher demand for new as well as used vehicles and related parts in the region.

GCC governments have implemented value added tax (VAT) system at a uniform rate of 5% from January 1, 2018. Although the rate is not significantly high, it is expected to have a negative influence on automobile sales volumes owing to rise in effective sales prices. In a survey conducted among financial and investment professionals in the UAE, 79% felt that the automobile industry will be the most affected by the introduction of VAT. In addition, some government regulations act as barriers in the GCC automobile sector. For instance, as per the UAE Commercial Agencies Law, there can only be one dealer per car manufacturer in each Emirate. Moreover, commercial agents should be nationals or companies registered in the UAE and owned entirely by the locals. In addition, rise in environmental concerns over global warming result in imposing stricter regulations on greenhouse gas emissions and promoting alternative fuel technologies in the GCC. In addition, companies are ready to meet the fuel economy requirement by supplying electric vehicles and diesel-powered vehicles in GCC through automakers (who export to GCC). Both approaches are expected to affect the type and quantity of wires used in vehicles. Thus, unfavorable policies of the government are hampering the growth of the wiring harness market in GCC region.

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