Boston, MA -- (ReleaseWire) -- 04/29/2014 -- A wiring harness is an assembly of cables or wires which transmit signals or electrical power.
Voltage drop and electromagnetic compatibility (EMC) are two critical features of automobile wiring harness. EU requires that the content of 6 substances including lead, mercury and cadmium in automobile wiring harness must fall into RoHS compliance.
Major auto manufacturers usually maintain close and stable cooperation with professional manufacturers of wiring harness for it is a critical spare part that affects electrical performance of the whole vehicle. The global market of auto wiring harness is monopolized by 4 major manufacturers that take over 75% of the market shares. Most manufacturers in Japan inherit fine techniques from cable production in the past. In addition, enterprises like Sumitomo Group can reduce costs by taking advantage of existing upstream mineral resources.
View Full Report Details and Table of Contents
Yazaki Corporation and Sumitomo Group started to develop dedicated high voltage (HV) wiring harness for auto manufacturers in Japan in the 1980s. In the 1990s, Delphi initiated the development of HV wiring harness for General Motors (GM). The integrated production system of HV wiring harness in Japan and the U.S. is constantly testified and improved in practice.
As the leading enterprise of connectors in China, Shenzhen Deren Electronic Co., Ltd. purchased the auto connector and wiring harness business of CAEG, a listed enterprise in Singapore, and became the share holder of THB Group in 2012. As the largest manufacturer of auto wiring harness and connectors in China, THB Group provides wiring harness for FAW-Volkswagen Automobile Co. Ltd., Shanghai GM and numerous domestic auto manufacturers. Meanwhile, Shenzhen Gaorun Science and Technology Co., Ltd., jointly established by Shenzhen Deren Electronic Co., Ltd. and Kromberg & Schubert Group, entered the high-end market of auto wiring harness. Kromberg & Schubert Group is one of Germany's largest manufacturers of auto wiring harness as well as the supplier for German auto manufacturers such as Volkswagen and BMW.
The production volume of vehicles was 22.1168 million in China in 2013. According to CRI, the demand for auto wiring harness exceeded 1.4 billion while the market size surpassed USD 10 billion.
Special processing in aspects of transport capacity, mechanical strength, insulation protection and electromagnetic compatibility leads to a 25%-50% increase in the production cost of HV wiring harness in new energy vehicles compared with that in traditional vehicles. Therefore, the purchasing cost of wiring harness in new energy vehicles increases by 20%-40% compared with that in traditional vehicles.
It is estimated that China will remain the fastest growing economy in the world in the coming years. Therefore, the production volume of vehicles will continue to rise while that of new energy vehicles exhibits strong momentum for growth.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Transportation research reports at Fast Market Research
You may also be interested in these related reports:
- Research Report on China Tire Industry, 2013-2017
- Research Report on Automobile 4S Stores in China, 2013-2017
- Research Report on China's Natural Gas Industry Chain, 2013-2017
- Global Oil and Gas Survey 2013-2014 - Market Trends, Marketing Spend and Sales Strategies in the Global Oil and Gas Industry
- Global Business Survey: Revenue Growth Trends and Key Markets for Growth in 2013-2014
- Global Business Survey: MandA Trends and Key Markets for Growth in 2013-2014
- Global Oil and Gas Survey 2013-2014 - Market Trends, Buyer Spend and Procurement Strategies in the Global Oil and Gas Industry
- Global Medical Devices Survey 2013-2014 - Market Trends, Marketing Spend and Sales Strategies in the Global Medical Devices Industry
- Research Report on Medical Industry in China, 2014-2018
- Research Report on China Integrated Circuit (IC) Industry, 2014-2018