Region:Asia
Author(s):Anchal Kumar and Aditya Mishra
Product Code:KR1350
The report provides a comprehensive analysis of the potential of the Malaysia Wire Harness Industry in Malaysia. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
Its market segmentation includes by end user, by harnessing material, by wire material, by voltage and by market type; growth enablers and drivers, challenges and bottlenecks, trends driving digital adoption; regulatory framework; industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each segmentation.
According to Ken Research estimates, the Malaysia Wire Harness Market – which grew at a CAGR of 5.7% in the period of 2017-2022 – is expected to grow at a CAGR of 7.9% in the forecasted period of 2022-2027, owing to the increased demand for Automotive, IoT (connected devises), and consumer electronics.
By End User: The Malaysia wire harness market can be segmented based on the end-user industry, which includes automotive, consumer electronics, industrial equipment, healthcare, and others. The automotive industry is the largest end-user of wire harnesses in Malaysia, with major players like Proton, Perodua, and Honda. In this industry, wire harnesses are used in various applications such as engine management, communication systems, lighting systems, and powertrains.
By Harnessing Material: The demand for different harness materials varies depending on the end-use industry. For example, the automotive industry uses a variety of harness materials to meet the different performance requirements of vehicles. The use of PVC and other plastics in the automotive industry is expected to increase due to their lightweight and low-cost nature, which makes them ideal for high-volume production. In contrast, the aerospace industry requires high-performance materials such as fiberglass and other composites to meet the strict safety and performance standards of aircraft. Other industries, such as healthcare, require harnesses made from materials that are resistant to harsh chemicals and sterilization procedures.
In the Malaysia Wire Harness Market, there are about 30+ players operating in the overall market, and top 2 players accounted ~16.7% share in the market in terms of revenue. The major parameters on which these players compete includes, product/service offerings, total manufacturing capacity and others.
The Malaysia Wire Harness Market is projected to show a growth of CAGR 7.9% in the forecasted period of 2022-2027, owing to the increasing demand for consumer electronics, automotive, rising spending on healthcare, growth of and infrastructural development.
By End User |
Automotive Industry Major Appliance Industrial Equipment Other Consumer Appliances Others (Others include Aerospace and Defense, Gaming and Amusement, Medical Equipment and Devices, Commercial Refrigeration, Food Machines and Entertainment appliances) |
By Harnessing Material |
PVC Nylon Teflon Polyester Fiberglass Others (Others include Kevlar, Nomex, Vinyl, Thermoplastic Elastomer, Polypropylene, Polyurethane, Silicone, and Polyethylene) |
By Wire Material |
Copper Aluminum Others (Others include Steel, Nickel, Silver, Gold) |
By Voltage |
High Voltage Low Voltage |
By Market Type |
Organized Unorganized |
1.1 Market Definitions and Assumptions
1.2 Market Sizing Approach
1.3 Consolidated Research Approach
1.4 Sample Size Inclusion
1.5 Limitation and Future Conclusion
2.1 International Players
2.2 Domestic Players
3.1 Step by step explanation of Value Chain Analysis in Malaysia Wire Harness Market
4.1 Government Regulations
4.2 Licenses Required
4.3 PESTEL Analysis
4.4 Technological Developments
4.5 Porter's Five Forces
5.1 Overview on Wire Material Market in Malaysia
5.2 Overview on Harness Material market in Malaysia (Nomex, Vinyl, and others)
5.3 Overview Wire/Cable Harness Market in Malaysia
5.4 Overview of Automotive Industry in Wire/ cable Harness market in Malaysia
5.5 Overview of Machinery Market Industry in Wire/ Cable Harness market in Malaysia
5.6 Opportunities in Malaysia Wire/Cable Harness Market
5.7 Key Challenges faced by the wire/cable harness industry
5.8 Model-based workflows
6.1 Emerging Phase
6.2 Growing Phase
6.3 Maturity Phase
7.1 Malaysia Wire Harness Market Sizing Analysis, 2017-2022
7.2 Malaysia Wire Harness Market Segmentation by End User, 2022
7.3 Malaysia Wire Harness Market Segmentation by Harness Material, 2022
7.4 Malaysia Wire Harness Market Segmentation by Wire material, 2022
7.5 Malaysia Wire Harness Market Segmentation by Voltage, 2022
7.6 Malaysia Wire Harness Market Segmentation by Market Type, 2022
8.1 Future Malaysia Wire Harness Market Sizing Analysis, 2022-2027
8.2 Future Market Segmentation of Malaysia Wire Harness Market by End User, 2027
8.3 Future Market Segmentation of Malaysia Wire Harness Market by Harness Material, 2027
8.4 Future Market Segmentation of Malaysia Wire Harness Market by Wire material, 2027
8.5 Future Market Segmentation of Malaysia Wire Harness Market by Voltage, 2027
8.6 Future Market Segmentation of Malaysia Wire Harness Market by Market Type, 2027
9.1 Cross Comparison of KSA Cold Chain Market Players
The research team had first framed a hypothesis about the market through analysis of existing industry factors, obtained from company reports and from magazines, journals, online articles, ministries, government associations and data from Ministry of International Trade and Industry (MITI), Malaysian Industrial Development Authority (MIDA), World Bank and others. We have used both public and proprietary databases to define each market and collect data points about the same.
The research team had then conducted CATI (Computer Assisted Telephonic Interviews) with several industry veterans including decision makers from J.K. Wire Harness Sdn. Bhd., Seiko Denki (M) SDN BHD, Chun Hau Electronic and others in the ecosystem to get their insight on the market onboard and to seek justification to the hypothesis framed by the team.
Multi-Factor regression and scenario analysis was conducted on the lag variables i.e., on the historical market size of the industry by identifying the independent and quantifiable variables directly impacting the market. The forecasting was done by using SPSS statistical tools. The variables were checked for multi-co linearity and other bias that could be there in the model. The conclusion from the regression was then double checked by conducting poll opinions.
The final analysis was then interpreted in the research report by our expert team well versed with the wire harness industry.
The Malaysia Wire Harness market had a valuation of USD 670 Mn in 2022 and is expected to grow to USD 980 Mn by 2037.
The surge in the market is primarily attributed to the growing need for automobiles, consumer electronics, and industrial machinery within the nation. The rising popularity of smart home gadgets and the escalating demand for industrial automation are poised to amplify the requirement for wire and cable harness products in Malaysia.
J.K. Wire Harness Sdn. Bhd., Seiko Denki (M) SDN BHD, Chun Hau Electronic and O.E Manufacturing Sdn Bhd are few of the major players in market.
The Automotive Sector was the major segmnet in Malaysia Wire Harness Market in 2022.
The Malaysia Wire Harness Market saw a growth of CAGR of 5.7% in the period of 2017-2022.
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