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China's wire harness industry competition analysis

The automobile wiring harness refers to a component in which a contact terminal (connector) which is punched out of copper is crimped to a wire and cable, and then an externally molded insulator or a metal casing is externally bonded to form a connecting circuit by wire harness bundling. The car wiring harness is the main body of the car circuit, and there is no car circuit without the wire harness. China is the world's largest automobile manufacturing country and the world's largest automobile wire harness manufacturing country.

As people's safety, comfort, economy and emission requirements increase, automobile wiring harnesses become more and more complex, and the automotive industry's technical requirements for automotive wiring harnesses will become higher and higher. Relevant data shows that there are 10 million sets of wire harness production in China each year, and the sales income is over 10 billion.

In recent years, the auto industry has experienced a spurt of growth, which has greatly promoted the development of China's automotive wiring harness production and supporting markets. The market demand for high-grade and high-quality wire harnesses is very broad. At the same time, because the wire harness production is labor-intensive, the foreign labor is expensive, and China is relatively low, so it has strong competitiveness in the foreign market, and the market prospect is promising.

China's low labor costs and relatively sound investment environment have attracted global automotive wire harness manufacturers to invest in China, which has made China an important global automotive wire harness production base.

The Wire Harness Industry Market Analysis and Analysis Report released by the China Report Hall shows that as the competition in the automobile market intensifies, the price of complete vehicles drops and falls again. Localized production and localized procurement are gradually becoming an inevitable trend. Automotive wire harness manufacturers offer rare opportunities for development.

At present, domestic auto wire harness enterprises have obvious advantages in supporting the trucks and buses, and the advantages of foreign auto wire harness enterprises in the main supporting car market are obvious. Being able to keep up with technological trends is the driving force behind the continued growth of all wire harness companies.

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

The future prospects of the automotive wire harness market are broad. Wire harness companies should continue to enhance their technical standards in order to gain a dominant position in the expansion of the automotive wire harness market.

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