Requirements of automobile wire harness industry

Automobile wiring harness is the connector of automobile circuit and the carrier of transmitting electronic signal and electric energy. It is mainly composed of wire, terminal, sheath and other covers. As the center of information transmission, the harness is related to the safety of vehicles and the reliability of electronic and electrical equipment. Car harness products are customized products. Automobile manufacturers and their models have different design schemes and quality standards.

The data shows that although the overall car sales will recover strongly in 2020 after the epidemic, it is expected to continue to grow in the next few years. By 2025, the sales volume of cars will exceed 30 million, the degree of electrification and intelligence will be improved, and the price ratio of harnesses will increase year by year. It is estimated that the harness market will reach 130 billion yuan by 2025. With the deepening of industry competition, it presents the following main characteristics:

The strong cooperation between the factory and the vehicle manufacturer has improved the market concentration.

Most automobile manufacturers in the automobile industry have their own mature and stable automobile supporting systems. As far as the domestic harness market is concerned, most of the large independent vehicle manufacturers have stable supporting local harness manufacturers, while most of the foreign and joint venture vehicle manufacturers are wholly owned or joint ventures of international parts manufacturers in China, and have formed stable long-term cooperative relations. However, in recent years, with the increasing attention paid by international auto manufacturers to cost control, the domestic procurement of auto parts has been increasingly strengthened, which has brought opportunities for domestic excellent independent wire harness enterprises. These high-quality local enterprises have significantly improved their overall strength through long-term accumulated product technology and synchronous development experience, and gradually entered the supporting system of international automobile manufacturers with timely and effective services and reliable product quality.