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Competition Analysis of Wire Harness Industry in China

Posted On:2018-10-08 11:32:44

Automobile wiring harness refers to the components that are made of copper and formed by bonding the contact terminal (connector) with the wire and cable, then externally remolding and pressing the insulator or the metal shell, etc. to form the connecting circuit by bundling the wire harness. Automobile wiring harness is the main body of the network of automobile circuit. Without wiring harness, there will be no automobile circuit. China is the largest automobile manufacturing country in the world, and also the largest automobile wiring harness manufacturing country in the world.

With the improvement of safety, comfort, economy and emission requirements of automobiles, automobile wiring harness is becoming more and more complex, and the technical requirements of automobile industry for automobile wiring harness will also be higher and higher. Relevant data show that China's annual harness output is tens of millions, achieving sales revenue of more than 10 billion.

In recent years, the blowout growth of automobile industry has greatly promoted the development of automobile harness production and matching market in China. The market demand for high-grade and high-quality wiring harness is very broad. At the same time, because wire harness production is a labor-intensive enterprise, foreign labor is expensive, and our country is relatively cheap, so it has a strong competitiveness in the foreign market, the market prospects are good.

China's lower labor costs and better investment environment attract global automotive wiring harness manufacturers to invest in China, which makes China quickly become an important global production base of automotive wiring harness.

The Market Survey and Analysis Report of Wire Harness Industry issued by China Report Hall shows that with the intensification of competition in the automobile market and the decline of vehicle prices, localized production and localized procurement have gradually become an inevitable trend, which provides a rare opportunity for domestic automobile wiring harness manufacturers to develop.

At present, domestic automobile wiring harness enterprises have obvious advantages in the truck and bus market, while foreign automobile wiring harness enterprises in the car market have obvious advantages. Keeping abreast of the technological development trend is the driving force for the sustainable development of all wire harness enterprises.

With the increase of automotive functions and the widespread application of electronic control technology, more and more electrical components, more and more wires, and the harness becomes thicker and heavier.

The future prospects of automobile wiring harness market are broad. Wiring harness enterprises should constantly enhance their own technical level in order to be in an advantageous position in the process of expanding the scale of automobile wiring harness market.

Ruian OLT Electrical Co., Ltd.

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