China Automotive Wiring Harness Market to Keep On Growing through 2021, Informs CRI in Its New Report Recently Added at MarketPublishers.com07 Jul 2017 • by Natalie Aster
LONDON – China has ranked the top automobile producer and seller worldwide for around 8 successive years due to robust uptake of the domestic automobile industry. This also gave impetus to the increase of the country’s automotive wiring harness industry.
The majority of the Chinese automotive wiring harness companies are featured with fewer matching models and lower production capacity, supplying products to some domestic OBM. As for the Chinese OBM auto companies with large annual production volumes (like GWM, Geely and BYD), these companies all own subordinate manufacturers of automotive wiring harness. Meantime, foreign-funded vehicle producers active in the country usually have stricter requirements for automotive wiring harness, therefore, they mainly give preference to international products.
The Chinese automobile production volume stood at around 28.12 million in the past year; and the country’s demand for automotive wiring harness surpassed 2 billion sets, while the market value exceeded CNY 40 billion. Energy vehicles sector perform as the key drive of the automotive wiring harness market growth in China.
Through 2021, China is likely to remain one of the most rapidly growing economies worldwide, and the production volume of the country’s automobile industry is predicted to keep on increasing at a high rate, thus, spurring the demand for automotive wiring harness.
New topical study “Research Report on Automotive Wiring Harness Industry in China, 2011-2020” prepared by China Research & Intelligence Co. (CRI) provides access to important qualitative and quantitative info on the performance of the Chinese automotive wiring harness market, covering the historical background, present scenario, dynamics, major growth influencing factors, competitive landscape, regulative framework and prevailing trends. Moreover, the report offers updated production, demand and consumption statistics, identifies the leading market players, discusses the key threats and challenges, points out the major opportunities and also gives future forecasts through 2020.
Follow to the CRI page at MarketPublishers.com to find many other in-demand research reports by this publisher.