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Wire Harness Tape Market: Market Overview

Wire harness is assembling of wires in a bundle, which are used for transmitting signals and electric power. The safety of wire harness plays an important role in electrical and electronic industries. Tapes are the easy to use and affordable packaging solution used for bundling and protecting wire harnesses. According to the end use requirement the materials and product type and packaging requirement also varies. Choosing the right adhesive type for wire harness tapes is a critical job, as some adhesives may damage the wires and the wire insulation.

Wire harness tapes also have many applications from automotive industry and those includes attachment part mounting, hole covering, interior mounting, cable mounting, security labelling etc. The wire harness tapes are also used while painting the vehicle which helps and provide good surface finish and protection need. Fast growth in demand for electric vehicles contributed remarkably to the growth of wire harness tape market. Overall, the global viewpoint for wire harness tape market is projected to remain progressive during the forecast period.     

Wire Harness Tape Market: Market Dynamics

Rising trend of installation of integrated advanced features in the vehicles and increased production have raise the demand for wire harness tape in the market. The factors such as growing consumer’s demand of vehicle electrification and importance of safety of vehicles fuelled up the demand of wire harness tape on a great extent. Due to the consumer’s inclination towards reducing environmental pollution, consumer’s interest in electric vehicles has increased in last recent years, which will further show positive impact on the growth of the wire harness tape market. In the forecasted period this will be a major driving factor for the wire harness tape market. Some important features of wire harness tapes such as cost effectiveness, lightweight and others are contributing to fuel the market demand for wire harness tape.

Strict government regulations on the use of plastic or non-recyclable plastic may slow down the growth of the wire harness tape market. Durability problems with some materials may limit the growth of the wire harness tape market up to certain extent. The availability of alternative solutions for wire harness tape such as advanced technology equipment may become another reason for restraining the growth of the wire harness tape market. The COVID-19 outbreak in December 2019 has created the unfavourable conditions in the market. This pandemic has started to show impacts on wire harness tape market on large extent. COVID-19 pandemic impacted adversely on the automotive industry, which will further induce the impact on the growth of wire harness tape market across the world.

Wire Harness Tape Market: Segmentation

On the basis of material type, global wire harness tape market can be segmented as:

  • Plastic
  • Rubber
  • Foam
  • Metal Foils
  • Others

On the basis of adhesive type, global wire harness tape market can be segmented as:

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

On the basis of product type, global wire harness tape market can be segmented as:

  • Water soluble
  • Fire resistant
  • Semi-conductive

On the basis of thickness, global wire harness tape market can be segmented as:

  • 0.1mm – 0.15 mm
  • 0.15 mm – 0.2 mm
  • 0.2 mm – 0.25 mm
  • 0.25 mm – 0.3 mm
  • Above 0.3 mm

On the basis of applications, global wire harness tape market can be segmented as:

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

Wire Harness Tape Market: Regional Outlook

East and South Asian countries such as China and India are dominating the wire harness tape market due to the rapid and extensive penetration of electronics, automotive, construction and healthcare sectors coupled with increasing disposable income in these countries. North and Latin America regions hold the next large market share of the wire harness tape market. Rising awareness towards the usage of environment-friendly tapes fuelled the demand for wire harness tape in the market in these regions. On the back of significant presence of leading adhesive tapes manufacturers in European countries, the region will contribute significantly to the growth of the wire harness tape market during the forecast period. The Middle East and African countries will continue to witness substantial growth of the wire harness market in forecasted period, due to the growing infrastructure and commercial activities in the region.

Wire Harness Tape Market: Key Players

Some prominent players in the global wire harness tape Market:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on wire harness tape market segments and geographies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Wire Harness Tape Market

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