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China Automotive Wiring Harness Industry Report 2017
Hits:2416         Date:2018-05-15

Research and Markets has announced the addition of the "Research Report on the Automotive Wiring Harness Industry in China, 2011-2020" report to their offering.

The global market share of Japanese automotive wiring harness manufacturers YAZAKI and SUMITOMO ELECTRIC adds up to over 50%, and the global market share exceeds 60% if FUJIKURA and FURUKAWA ELECTRIC are also included. In addition, three South Korean automotive wiring harness enterprises, KYYNGSHIN INDUSTRIAL, YURATECH and Yujin together account for over 10% of the global market share, and other large enterprises include LEONI AG, DELPHI and LEAR. 

According to the researcher, China has been the largest automobile producer and seller in the world for 8 successive years with the development of its automobile industry. The development of China's automobile industry also promotes the development of domestic automotive wiring harness enterprises. Most of the domestic automotive wiring harness enterprises are featured with lower production capacity and fewer matching models, providing products for some domestic OBM. 

As for some domestic OBM automobile enterprises with large annual production volume including BYD, GWM and Geely, these enterprises all own subordinate automotive wiring harness manufacturers. Most foreign-funded vehicle manufacturers in China have stricter requirements for automotive wiring harness, so they mainly choose international wiring harness giant manufacturers in China. In addition, Japanese automobile brands prefer purchasing products from Japanese automotive wiring harness manufacturers while Korean automobile brands prefer those from Korean manufacturers. 

According to the researcher, in 2017-2021, China will remain as one of the fastest growing economies in the world, and the production volume will keep growing. China's automotive wiring harness market is estimated to keep developing. 

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