Latest Technology Development Trend Of Wire Harness Industry

- May 20, 2019-

The rapid expansion of the electric car industry is driving the global wiring harness one of the main emerging trend of the market, due to the increasing environmental problems and the demand for more efficient technology, the global demand for electric cars is growing rapidly, many countries, such as the United States, Germany, China, the Netherlands and Britain, have passed to the buyers and manufacturers to provide subsidies to promote the development of electric vehicles.In 2017, China's annual output of new energy vehicles was 794,000, with a wiring harness market of 4 billion. It is estimated that the annual output of new energy vehicles will reach 2.25 million, with a market of 11.2 billion. By 2025, the wiring harness market of new energy vehicles will reach 36.7 billion.From the perspective of regional market, in 2017, the global wire harness market was led by the asia-pacific region, with a market share of over 48%.It is followed by the United States and Europe, the Middle East and Africa.It is expected that by 2022, the market share of the asia-pacific region will further increase in the forecast period, while the market share of the other two regions will decrease.According to the forecast, the size of China's wire harness market will reach 387.8 billion yuan in 2021, accounting for 39.81 percent of the global market share, and the five-year compound growth rate will reach 6.24 percent.


From the perspective of the subdivided downstream application market of wire harness processing automation equipment, automotive wire harness and household appliance wire harness are the two major markets of wire harness intelligent equipment, occupying about 72.6% of the overall market share, while wire harness processing in other fields such as communication electronics, machinery and electricity only accounts for 27.4% of the market share.This market situation is due to the formation of automotive wiring harness and household electrical appliance wiring harness are two fields: the early application of automatic tool, is also the industry fields of application is relatively mature, and its output is larger, demand for the same processing specifications of wiring harness is bigger, application automation equipment can be more effective to save labor costs, improve the machining efficiency and machining quality.