World - Wiring Sets Used In Vehicles, Aircraft Or Ships - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the expected growth in demand for wiring sets used in vehicles, aircraft, and ships globally, with market performance forecasts indicating a steady increase over the next eight years. From 2022 to 2030, the market volume is projected to reach 6.9M tons, with a value of $245.9B. China emerges as the largest consumer and producer in this market, with significant contributions from the United States, India, Mexico, and other countries. The article also highlights trends in consumption, production, imports, and exports, providing valuable insights for industry stakeholders.
Market Forecast
Driven by increasing demand for wiring sets used in vehicles, aircraft or ships worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 6.9M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market value to $245.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Wiring sets used in vehicles, aircraft or ships
In 2022, the amount of wiring sets used in vehicles, aircraft or ships consumed worldwide declined to 6.5M tons, reducing by -2.5% compared with the previous year. The total consumption volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption of reached the maximum volume at 7.2M tons in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
The size of the market for wiring sets used in vehicles, aircraft or ships worldwide reached $195.9B in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $210.7B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
China (1.4M tons) remains the largest wiring sets used in vehicles, aircraft or ships consuming country worldwide, accounting for 22% of total volume. Moreover, consumption of wiring sets used in vehicles, aircraft or ships in China exceeded the figures recorded by the second-largest consumer, the United States (677K tons), twofold. The third position in this ranking was taken by India (574K tons), with an 8.8% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +2.4%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (-2.8% per year) and India (+1.9% per year).
In value terms, the United States ($63.8B) led the market, alone. The second position in the ranking was taken by China ($25.4B). It was followed by India.
In the United States, the market of wiring sets used in vehicles, aircraft or ships remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+2.8% per year) and India (+3.6% per year).
The countries with the highest levels of wiring sets used in vehicles, aircraft or ships per capita consumption in 2022 were Romania (6 kg per person), Japan (3 kg per person) and Germany (2.4 kg per person).
From 2012 to 2022, the most notable rate of growth in terms of ships, amongst the leading consuming countries, was attained by Japan (with a CAGR of +6.5%), while ships for the other global leaders experienced more modest paces of growth.
Production
World Production of Wiring sets used in vehicles, aircraft or ships
In 2022, global production of wiring sets used in vehicles, aircraft or ships reduced to 6.7M tons, approximately mirroring the previous year. The total output volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 19%. Global production peaked at 7M tons in 2019; however, from 2020 to 2022, production remained at a lower figure.
In value terms, production of wiring sets used in vehicles, aircraft or ships expanded to $195B in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 33%. Global production peaked at $197.7B in 2020; however, from 2021 to 2022, production failed to regain momentum.
Production By Country
The country with the largest volume of production of wiring sets used in vehicles, aircraft or ships was China (1.5M tons), comprising approx. 23% of total volume. Moreover, production of wiring sets used in vehicles, aircraft or ships in China exceeded the figures recorded by the second-largest producer, India (578K tons), threefold. The United States (564K tons) ranked third in terms of total production with an 8.4% share.
In China, production of wiring sets used in vehicles, aircraft or ships expanded at an average annual rate of +1.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.0% per year) and the United States (-2.0% per year).
Imports
World Imports of Wiring sets used in vehicles, aircraft or ships
In 2022, the amount of wiring sets used in vehicles, aircraft or ships imported worldwide was estimated at 1.6M tons, remaining stable against the year before. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. Global imports peaked at 2M tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of wiring sets used in vehicles, aircraft or ships stood at $47.1B in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. Over the period under review, global imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
Imports By Country
In 2022, Germany (209K tons) and Japan (201K tons) represented the key importers of wiring sets used in vehicles, aircraft or shipsaround the world, together making up 26% of total imports. It was followed by South Korea (123K tons), Spain (118K tons), the United States (118K tons), the Czech Republic (95K tons) and Mexico (75K tons), together achieving a 34% share of total imports. The following importers - France (65K tons), Slovakia (59K tons), the UK (48K tons), Hungary (44K tons), Italy (37K tons) and Canada (33K tons) - together made up 18% of total imports.
From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +11.1%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($12.8B) constitutes the largest market for imported wiring sets used in vehicles, aircraft or ships worldwide, comprising 27% of global imports. The second position in the ranking was taken by Germany ($5.3B), with an 11% share of global imports. It was followed by Japan, with an 11% share.
From 2012 to 2022, the average annual growth rate of value in the United States amounted to +4.2%. In the other countries, the average annual rates were as follows: Germany (+2.9% per year) and Japan (+1.7% per year).
Import Prices By Country
The average import price for wiring sets used in vehicles, aircraft or ships stood at $30,218 per ton in 2022, picking up by 7.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2020 when the average import price increased by 25%. Global import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($109,029 per ton), while Spain ($17,806 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Wiring sets used in vehicles, aircraft or ships
In 2022, shipments abroad of wiring sets used in vehicles, aircraft or ships increased by 8.1% to 1.8M tons, rising for the second consecutive year after two years of decline. In general, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.9% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 59%. As a result, the exports attained the peak of 2.6M tons. From 2015 to 2022, the growth of the global exports of remained at a lower figure.
In value terms, exports of wiring sets used in vehicles, aircraft or ships rose remarkably to $43.2B in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 16%. The global exports peaked in 2022 and are expected to retain growth in years to come.
Exports By Country
In 2022, Mexico (416K tons) was the main exporter of wiring sets used in vehicles, aircraft or ships, achieving 24% of total exports. China (132K tons) took the second position in the ranking, followed by the Philippines (125K tons), Romania (98K tons), Morocco (82K tons) and Vietnam (81K tons). All these countries together held near 29% share of total exports. The Czech Republic (72K tons), Serbia (57K tons), Germany (52K tons), Ukraine (48K tons), Poland (45K tons), Spain (44K tons) and Indonesia (39K tons) took a relatively small share of total exports.
From 2012 to 2022, average annual rates of growth with regard to wiring sets used in vehicles, aircraft or ships exports from Mexico stood at +3.5%. At the same time, Serbia (+15.9%), Morocco (+6.1%), the Czech Republic (+5.5%), the Philippines (+3.5%), Spain (+3.4%), Vietnam (+3.3%), Germany (+2.5%), Indonesia (+2.5%) and Ukraine (+2.2%) displayed positive paces of growth. Moreover, Serbia emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.9% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Romania (-1.1%) and China (-3.6%) illustrated a downward trend over the same period. While the share of Mexico (+2.9 p.p.) and Serbia (+2.3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Romania (-2.1 p.p.) and China (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Mexico ($9.4B) remains the largest wiring sets used in vehicles, aircraft or ships supplier worldwide, comprising 22% of global exports. The second position in the ranking was held by Vietnam ($3.1B), with a 7.1% share of global exports. It was followed by China, with a 6.5% share.
In Mexico, exports of wiring sets used in vehicles, aircraft or ships expanded at an average annual rate of +5.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+6.5% per year) and China (-1.5% per year).
Export Prices By Country
In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $24,464 per ton, reducing by -1.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2015 an increase of 56%. The global export price peaked at $24,963 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($37,526 per ton), while Spain ($13,969 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.6%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for wiring sets used in vehicles, aircraft or ships. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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