At present, the global automotive wiring harness market is mainly dominated by companies from Japan, South Korea, Europe and the United States, but the rapid development of China’s automotive market has increased the procurement rate of local parts and components, superimposed the cost reduction demand of international auto manufacturers, and some Chinese vehicles with price advantages Wiring harness companies began to seize market share. Development Trend of Wiring Harness Industry – Localized Procurement Cost Advantage Promotes Domestic Substitution
With the improvement of simultaneous development and independent research and development capabilities, coupled with cost advantages and localized service advantages, local auto parts suppliers have begun to substitute imports in some auto parts fields, and my country’s auto parts industry is gradually realizing the trend of domestic substitution among.