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Analysis of the development of the wire harness industry

Posted On:2018-07-10 16:30:16

At present, the main application areas of frontline beam products include: commercial equipment such as automobiles, industrial automation equipment, medical finance, rail transit, communications equipment, consumer electronics, household appliances, and military engineering. According to industry statistics in 2016, automotive wire bundles are still the largest. Use area, The proportion is 25.6 %; The second is the consumer electronic wire beam, accounting for 17.3 <UNK>; The proportion of wire bundles for communications equipment is 15.2 <UNK>; The proportion of commercial equipment such as medical finance is 5.3.
Analysis of the development of the global cable industry
The wirebeam industry has been developing for nearly a hundred years, and its products were first used in the fields of military products and industrial equipment. Through continuous technological progress and market expansion, the industry has now extended its application to all areas of the national economy. Such as automobiles, consumer electronics, industrial automation equipment, medical finance and other commercial equipment, the market is in a relatively mature stage. At present, the global market is divided into three camps. European, American and Korean manufacturers are in the first echelon. They are leaders in the global market. European, American, and Japanese and Korean companies have the power to determine the standards of the cable industry. They have strong technology and a large scale. It has a large market share in various subdivided application industries, such as aerospace, military, automotive, industrial automation and other fields have strong advantages; The second is the Taiwanese company in the second camp. Taiwanese companies have advanced management experience, high technical level, and strong brand management ability. The third is the third tier represented by mainland Chinese manufacturers. Although the mainland manufacturers started late, they still have unparalleled advantages in other countries. First, they rely on the mainland market. With the rapid development of automobile, consumer electronics and industrial automation, the Chinese wire harness industry has become the largest wire beam market in the world. The second is the advantage of human cost, with an abundant working population, and the per capita wage is significantly superior to that of developed countries; Third, the supporting industry is perfect, and China has various resources for the development of the industry, whether it is raw materials, intermediate products or various manufacturing equipment and technical support required for production. It is precisely because of the above factors that the world's major cable manufacturers have set up factories in mainland China to carry out nearby matching and localization services. In the future, with the improvement of Chinese wire beam manufacturers in terms of technology R&D capabilities, management capabilities, etc., it can be predicted that the voice in the global market will further increase, and thus gradually increase competitiveness. According to statistics, the global cable market size in 2016 was approximately US$ 120.8 billion, an increase of 4.2 billion year-on-year. According to projections, the size of the global wire beam market in 2021 reached US$ 143.3 billion, with an average annual compound growth rate of 3.32. In 2016, China's wire beam market reached 265.3 billion yuan, accounting for 338.0 billion in the world. It is the world's largest wire beam production base.
The development of the cable industry in China
The development of the wire beam industry in China can be traced back to the 1940s, and was mainly used in the military and aerospace fields in the early days. The development and growth of the industry has benefited from the transfer of the world cable cable production and manufacturing center. Since the reform and opening up, thanks to the domestic labor costs and resource advantages, China has quickly become a new line beam production base in the world, and European, American, Japanese, and other national line beam manufacturers have set up factories in China. It has promoted the rapid development of the domestic wire harness industry. In terms of overall market demand, China's market demand for wire bundles and the types of products it needs are also increasing year by year. On the one hand, it is due to the continuous growth of high-end equipment manufacturing industries such as downstream industrial automation and automotive industry. On the other hand, China has increasingly become a world manufacturing base. As the upstream supporting products of many industries such as consumer electronics, automobiles, rail transit, and military machinery, the market demand has steadily increased. The scale and variety of the market demand for Chinese wire beam products are also increasing year by year. Communications equipment, consumer electronics, automobiles, industrial automation and medical care industries have been continuously upgraded and their scale has grown rapidly, thus continuously promoting the development of the wire beam market. According to statistics, the size of China's wire beam market in 2016 reached 265.3 billion yuan, an increase of 7.73 billion yuan over 2015, and the compound growth rate of China's wire beam market in the five years from 2012 to 2016 reached 6.52 billion yuan, surpassing the 3.90 billion yuan growth level of the global market. According to projections, the size of the Chinese wire beam market will reach 387.8 billion yuan in 2021, accounting for 39.81 billion of the global market share, and the five-year compound growth rate will reach 6.24.



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