Malaysia Wire Harness Market Outlook to 2027
Driven by Increase demand in Automotive Industry, Major Appliance, other connected devices, Government Initiatives and Infrastructural Development.
July 2023
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About the Report
About the Report
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.
Market Overview:
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.
- The market is led by K. Wire Harness Sdn. Bhd.; having the major share of the market. Other players include Seiko Denki (M) SDN BHD, Chun Hau Electronic, O.E Manufacturing Sdn Bhd, TEM Group, and others.
- As the demand for electronics products is increasing, so will the demand for Wire Harness products in the country. Wire/Cable Harness is an essential component that affects performance, efficiency and safety. The automotive industry has been witnessing a significant growth in demand for wire harnesses due to the rise in demand for electronic devices, EVs, and embedded wiring harness in the vehicles.
Key Trends by Market Segment:
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.
Competitive Landscape
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.
Future Outlook
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.
Scope Of The Report
Scope of the Report
|
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 |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- 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
Time Period Captured in the Report
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022-2027
Companies
Major Players Mentioned in the Report
- K. Wire Harness Sdn. Bhd.
- Seiko Denki (M) SDN BHD
- Chun Hau Electronic
- E Manufacturing Sdn Bhd
- TEM Group
- 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
- U. Connector (M) Sdn. Bhd.
- SDKM Technologies Sdn. Bhd.
- K. Wire Harness Sdn. Bhd.
- Seiko Denki (M) SDN BHD
- Chun Hau Electronic
- E Manufacturing Sdn Bhd
- TEM Group
- 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
- U. Connector (M) Sdn. Bhd.
- SDKM Technologies Sdn. Bhd.
Table of Contents
Table of Contents
1. Research Methodology
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. Ecosystem
2.1 International Players
2.2 Domestic Players
3. Value Chain Analysis
3.1 Step by step explanation of Value Chain Analysis in Malaysia Wire Harness Market
4. Industrial Analysis
4.1 Government Regulations
4.2 Licenses Required
4.3 PESTEL Analysis
4.4 Technological Developments
4.5 Porter's Five Forces
5. Market Overview
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. Market Genesis Malaysia Wire Harness Market
6.1 Emerging Phase
6.2 Growing Phase
6.3 Maturity Phase
7. Malaysia Harness Market Sizing and Segmentation, 2017-2022
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. Future Outlook of Malaysia Harness Market Sizing and Segmentation, 2017-2027
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. KSA Cold Chain Market Competition Landscape
9.1 Cross Comparison of KSA Cold Chain Market Players
Disclaimer
Research Methodology
Research Methodology
Step 1 (Hypothesis Creation):
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.
Step 2 (Hypothesis Testing):
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.
Step 3 (Future Forecasting via Poll Opinions and Statistical Tools):
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.
Step 4 (Interpretation and Proofreading):
The final analysis was then interpreted in the research report by our expert team well versed with the wire harness industry.
Frequently Asked Questions
Frequently Asked Questions
01 How big is Malaysia Wire Harness Market?
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.
02 What are the Key Factors Driving the Malaysia Wire Harness Market?
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.
03 Who are the major Players in the Malaysia Wire Harness Market?
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.
04 Which is the largest segment in Malaysia Wire Harness Market?
The Automotive Sector was the major segmnet in Malaysia Wire Harness Market in 2022.
05 What was the growth rate of Malaysia Wire Harness Market in the period of 2017-2022?
The Malaysia Wire Harness Market saw a growth of CAGR of 5.7% in the period of 2017-2022.
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