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Automotive Wire Harnessing Tape Market By Material Type (Plastic,Rubber, Foam,Metal Foils) By Adhesive Type (Acrylic-based, Rubber-based, Silicone-based) By Product Type(Water soluble,Fire resistant) By Thickness (1mm – 0.15 mm, 15 mm – 0.2 mm, 2 mm – 0.25 mm, 25 mm – 0.3 mm) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global automotive wire harnessing tape market report explores the critical analysis of the automotive wire harnessing tape industry using key parameters. The report consists of investment strategies, the need for investments in the automotive wire harnessing tape industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the automotive wire harnessing tape industry and how economic and non-economic barriers are helping the market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses include Porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Automotive Wire Harnessing Tape Market by Volume

Yes

Automotive Wire Harnessing Tape Market by Value

Yes

Automotive Wire Harnessing Tape Market, Tornado Analysis

Yes

Automotive Wire Harnessing Tape Market, STAR Analysis

Yes

Automotive Wire Harnessing Tape Market, SRC Analysis

Yes

Automotive Wire Harnessing Tape Market, Import-Export Data

Yes (On Demand)

Automotive Wire Harnessing Tape Market Pricing Analysis

Yes (On Demand)

Automotive Wire Harnessing Tape Market Segment Analysis

By Material Type (Plastic, Rubber, Foam, Metal Foils, and Others)

By Adhesive Type (Acrylic-based, Rubber-based, and Silicone-based)

By Product Type (Water soluble, Fire resistant, and Semi-conductive)

By Thickness (0.1mm – 0.15 mm, 0.15 mm – 0.2 mm, 0.2 mm – 0.25 mm, 0.25 mm – 0.3 mm, and Above 0.3 mm)

By Applications (Power cable/wire, Communications cable/wire, and Industrial cable/wire)

Automotive Wire Harnessing Tape Market, Regional Analysis

North America (the US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

Latin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)

Automotive Wire Harnessing Tape Market Key Companies

H-Old, Yongle (Avery Dennison), 3M, Achem (YC Group), Nitto, Tesa (Beiersdorf AG), IPG, Saint Gobin (CHR), Scapa, Four Pillars, and Plymouth

Automotive Wire Harnessing Tape Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the Automotive Wire Harnessing Tape Market?

  • The metal foils segment led the market in terms of material type in 2021 and is expected to continue throughout the projection period. Metal foils have captured the attention of manufacturers owing to their lightweight, low cost, and wider availability. The weight of the automotive wiring harness tape is reduced by 15% to 20% when many OEMs use metal foil alloy as a conductor.
  • Rubber-based adhesive type segment accounted for the largest market share in 2021, owing to better performance and excellent physical and electrical properties, and is suitable for adding moisture protection and foam to electrical cables and connections. Rubber adhesive tapes assist in the insulation and sealing of electrical connections. Ideal for primary electrical insulation systems in low to high-voltage interconnections such as bus bar connections, moisture sealing, and general splice insulation.
  • The fire-resistant segment led the global market in the product type in 2021 and is expected to continue over the forecast period. The vehicle's safety depends on protecting the wires, as damage from high temperatures, projectiles, and corrosive chemicals can cause fires, serious malfunctions, and brake failures. As a result, wires must be bundled and covered for safety to avoid such issues. The replacement of metal bonding with fire-resistant tape to make automotive lighter weight is likely to propel the global automotive wire harnessing tape market growth.
  • The above 0.3 mm thickness segment dominated the global market in 2021, owing to the widely used thickness type in the automotive wire harnessing tape industry across the globe.
  • The power cable/wire applications segment accounted for the largest market share in 2021 due to increased demand for automotive wiring harness tape in power cable/wire applications such as frames, air brake pumps, and fuel systems.

Which region dominated the automotive wire harnessing tape market?

Asia Pacific dominated the global automotive wire harnessing tape market in 2021 and is expected to maintain its dominance throughout the forecast period. Growing automotive production in South Korea, India, China, and Japan contributes to the regional market's growth. The world's largest producer of automobiles in China. As a result, the market for Automotive Wiring Harness in China is expanding much faster. The OEMs based in China primarily adopt lightweight materials for wiring harnesses, significantly boosting the region's market growth. The Indian market is also expected to expand due to the country's highly advantageous economic structure and the numerous technological developments in the automotive sector. Increased demand for electric vehicles and proactive government initiatives are expected to provide additional growth opportunities in the region.

How is US Market Performing in the automotive wire harnessing tape market?

The United States has recently led the North American automotive wire harnessing tape market. It is expected to do so throughout the forecast period, as the United States has one of the world's largest automotive markets. In 2019, the United States exported 1.8 million new light vehicles and 131,200 medium and heavy trucks to more than 200 markets worldwide, with additional automotive parts exports. This high level of automotive production in the country will drive up demand for wire harnessing tape in the automotive industry, as it serves three primary functions: bonding, protecting, and covering. Moreover, as emission standards become more stringent, automakers are shifting their vehicle production more toward electrification and lightweight, which is expected to drive the U.S. automotive wire harnessing tape market as they have become a popular solution by providing a critical advantage when cars are no longer made almost entirely of steel.

What is the competitive environment of the automotive wire harnessing tape market?

The major players in the market are concentrating on forming strategic partnerships and helping businesses expand their operations internationally. Moreover, incorporating fabrication technological advancements into new prototype development strategies enables businesses to broaden their wire-harnessing tape product portfolio. These tactics will enable major players to expand their businesses and attract new clients worldwide. For instance, Furukawa Electric and Essex Magnet Wire (Essex) formed a joint venture in October 2020 to expand their magnet wire harness partnership between the two European entities. The companies plan to combine their magnet wire harness tape business operations in the coming months after obtaining the necessary regulatory and other approvals and signing definitive agreements. Likewise, Lohmann demonstrated an electrical conductor high-tech adhesive tape at the LOPEC trade show in June 2019. It will be utilized in a prototype heating design for electric cars that was created in collaboration with other members of the partnership project Printed Electronics.

Executive Summary

What are all the technical developments in the global automotive wire harnessing tape market?

The overall number of automotive wiring harnesses tape is growing every day due to the advanced technologies' continued expansion of vehicle features. The demand for driver assistance technologies (AFL, BSD, ACC, and LKA) to integrate advanced features into vehicles is driven by rising safety and security awareness. The introduction of environmentally friendly solvent recovery technology for adhesive coating is expected to drive market growth during the forecast period. Besides, manufacturers are focusing on R&D to improve electric vehicle technology and provide better offerings to markets such as China, the United States, France, Japan, and Germany. Innovative products have benefited from technological developments like making wires more flexible for better power delivery, producing more heat-resistant wires, and using aluminum instead of copper in wiring harnesses. For instance, Tesa ACXplus Multi-Purpose (MP) products were introduced in November 2019, serving as the go-to solution for mounting displays, emblems, and decorative parts on household appliances. The acrylic foam tapes can be used for various tasks, including bonding glass and fixing signs. Automotive wire harnessing tapes are likely to become more widely used due to emerging industry trends, such as car personalization, e-mobility, and low-VOC products.

Which are the key investments by the automotive wire harnessing tape market players?

Large businesses have been investing both organically and inorganically to expand their worldwide presence and meet the rising demand for automotive wiring harness tape. Market players have been encouraged to invest in the R&D of cutting-edge products due to the growing need to make vehicles safer and lower the risk of short circuits in vehicles. The increasing production of novel sealing products and the rising investment in R&D to create high-strength adhesive harnessing tapes are other factors anticipated to propel the market's expansion over the forecast period. For instance, Nexans entered into a share purchase agreement with Xignux SA of Mexico in September 2021 to acquire Centelsa, a premium cable maker in Latin America focused on adhesive building and utility applications. The agreement's completion is subject to regulatory approvals and is expected in the second half of 2022.

Some major players in the automotive wire harnessing tape market are H-Old, Yongle (Avery Dennison), 3M, Achem (YC Group), Nitto, Tesa (Beiersdorf AG), IPG, Saint Gobin (CHR), Scapa, Four Pillars, and Plymouth.

What are the Major Driving Factors for the Automotive Wire Harnessing Tape Market?

The increased integration of electronic devices in vehicles has boosted demand for automotive wiring harness tape. Numerous advantages come from installing a wiring harness in a vehicle, including reduced risk of an electrical outage, increased fuel economy, and improved performance. Besides, using technologically advanced systems in vehicles, such as infotainment and advanced driver assistance systems, is expected to drive demand during the forecast period. The growing adoption of electric vehicles (EVs) in developing regions is also expected to drive the automotive wiring harness market, as the number of electronic components used in EVs is significantly greater than that in conventional vehicles. Governments all over the world are providing more tax breaks and incentives, which are boosting demand for EVs and, as a result, driving automotive wiring harness tape sales. Vehicle production growth is inversely correlated with demand for automotive wiring harnesses tape. Thus, rising disposable income levels across developed markets, especially in emerging economies like India, China, and Brazil, are fueling the automotive manufacturing sector, which is then anticipated to spur the growth of the wiring harness tape industry.

automotive-wire-harnessing-tape-market

What are the Major Risks for the Automotive Wire Harnessing Tape Market?

Strict government regulations on the use of plastic, particularly non-recyclable plastic, may constrain the growth of the automotive wire harness tape market. Some materials' durability issues may hinder the expansion of the wire harness tape market to some extent. Another factor limiting the growth of the automotive wire harness tape market is the availability of alternative solutions for wire harness tape, such as advanced technology equipment. In addition, there are numerous electrical issues with the car, including ignition problems, non-working front and rear lights, battery problems, and light and alternator failures, occasionally resulting from wiring harness problems. Rapid temperature changes, such as those from extremely cold to extremely hot, and rapid temperature changes can cause the wiring harness to bend at times. These issues can seriously shorten the lifespan of the entire wiring harness and erode it. Aluminum, plastic, and copper are used to make wire harnesses. Copper is commonly used in wire harnesses as it is easy to fabricate and assemble, allows for small wire bundle sizes, and has high electrical conductivity, flexibility, and reliability. Copper is in high demand and dominates global prices. The rising use of copper in wire harnesses and the constantly changing cost of copper are expected to be challenging for the automotive wire harnessing tape market.

Which is the key adhesive type in the automotive wire harnessing tape market?

The rubber-based adhesive type is expected to dominate the global market during the forecast period. An automotive wiring harness is a collection of electrical wires, connectors, and other components, or an electrical wiring system, used in automobiles to transmit information and energy. This simplifies the electrical system and lowers the likelihood of serious electrical issues. The amount of tape needed for this purpose must be sufficient to bind the wires and provide sound absorption, insulation from heat and cold, and other benefits. Rubber-based adhesive tape performed better to meet this requirement, creating demand for automotive wire harness manufacturers from many important nations, including the United States, United Kingdom, China, etc. Rubber-based tapes with options up to 69kV are made for terminating and splicing cables and wires. In addition, it substitutes the metal bonding in the car with a lightweight material with superior aging and flexibility properties for reliable long-term performance. Rubber-based tapes are useful for sealing and insulating electrical connections. Ideal for primary electrical insulation in low to high-voltage applications such as general splice insulation, bus bar connections, and moisture sealing.

How is the automotive wire harnessing tape market performing in regions?

The Asia Pacific region dominated the automotive wire harnessing tape market in 2021 owing to rapid and extensive penetration of the automotive, construction, electronics, and healthcare sectors and rising disposable income in the region's countries. The growing popularity of enhanced convenience and safety features in mid-segment vehicles, combined with the availability of affordable labor in the region, propels the automotive wire harnessing tape industry forward. Rising environmental consciousness has fueled the demand for wire harness tape in the region's market. The Asia Pacific region is expected to experience the highest revenue growth during the forecast period owing to the rapidly expanding automobile sector in India, Japan, and China.

Furthermore, the North American market is expected to have the highest revenue share in the global automotive wire harnessing tape market during the forecast period due to the expanding development of more efficient and lightweight vehicles and the increasing use of adhesive tapes in various regional countries. The region will contribute significantly to the growth of the wire harness tape market during the forecast period owing to the significant existence of leading adhesive harnessing tape manufacturers in North American countries. Mexico has emerged as one of the largest auto manufacturing hubs in the North American region, as automobile manufacturers from the United States have established manufacturing plants there, owing to the many incentives schemes Mexico offers, such as low cost of production and tariff rates.

What is the regulatory landscape for the automotive wire harnessing tape market?

Regulating bodies have enacted strict emissions standards in many regions as vehicle emissions keep rising. The US Corporate Average Fuel Economy (CAFE) laws impose certain requirements on automobile manufacturers. Global emissions regulations that are too strict have compelled OEMs to lighten vehicles overall and increase fuel efficiency, decreasing operating costs for transportation. This improves maneuverability, speed and acceleration and allows for a greater payload capacity. Lower carbon emissions due to improved fuel efficiency lessen the impact of emissions on the environment. The growing urgency has exacerbated the need for weight reduction and cost reduction in vehicles to reduce CO2 emissions, government requirements for emissions regulations, and the rising trend toward weight loss. Governments are also promoting the use of electric vehicles through various initiatives worldwide. For instance, the Indian Government reduced the GST component on electric vehicles in 2021 and offered a subsidy of Rs. 1.5 lakh to purchase four-wheel EVs. Electric vehicles help to reduce pollution and are environmentally friendly. Electricity powers electric vehicles, and any damage to the wiring harness can seriously damage the vehicle. Thus, the demand for highly developed high-voltage wire harness tape in electric vehicles is anticipated to support the market's expansion.

What is the Market Size of Automotive Wire Harnessing Tape regarding value?

The global automotive wire harnessing tape market is anticipated to grow at a substantial CAGR of XX% in the upcoming years. The global automotive wire harnessing tape industry is estimated to be worth USD XX billion in 2021 and is expected to be worth USD XX billion by 2028.

What are the major players planning for the future of the automotive wire harnessing tape market?

Manufacturers operating in the market are anticipated to launch novel products and advanced technology, propelling the market's expansion during the forecast period. Several automakers plan to offer improved security and safety features, like airbags and cutting-edge driving systems, to comply with safety regulations. Automobile safety features like Lane Departure Warning System (LDWS), Autonomous Emergency Braking (AEB), and others need electronic components and an excellent wiring harness tape system. This, in turn, will likely increase demand for electronic components in vehicles, boosting future demand for automotive wire harness tape.

Segmentation of Global Automotive Wire Harnessing Tape Market -

Global Automotive Wire Harnessing Tape Market – By Material Type

  • Plastic
  • Rubber
  • Foam
  • Metal Foils
  • Others

Global Automotive Wire Harnessing Tape Market – By Adhesive Type

  • Acrylic-based
  • Rubber-based
  • Silicone-based

Global Automotive Wire Harnessing Tape Market – By Product Type

  • Water soluble
  • Fire resistant
  • Semi-conductive

Global Automotive Wire Harnessing Tape Market – By Thickness

  • 1mm – 0.15 mm
  • 15 mm – 0.2 mm
  • 2 mm – 0.25 mm
  • 25 mm – 0.3 mm
  • Above 0.3 mm

Global Automotive Wire Harnessing Tape Market – By Applications

  • Power cable/wire
  • Communications cable/wire
  • Industrial cable/wire

Global Automotive Wire Harnessing Tape Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global automotive wire harnessing tape market

The COVID-19 pandemic adversely impacted the automotive industry, further impacting the growth of the global automotive wire harnessing tape market.

The Asia Pacific region is expected to experience the highest automotive wire harnessing tape market revenue growth during the forecast period owing to the rapidly expanding automobile sector in India, Japan, and China.

Increased production and the growing trend of installing cutting-edge integrated features in vehicles have increased the demand for automotive wire harness tape. Factors such as rising consumer demand for vehicle electrification and the significance of vehicle safety fueled global market demand for automotive wire harnessing tape.

The metal foils segment had a major share in the global market in 2021.

The fire-resistant segment had a major share in the global market.

Automotive Wire Harnessing Tape Market Scope

Report Attribute Details
Market Value in 2021 USD XX billion
Market Value in 2028 USD XX billion
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Mining, Minerals and Metals
Report ID:   60793
Report Format:   PDF
Pages:   120
Rating:    4.6 (40)
Delivery Time: 24 Hours to 48 Hours   
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