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Albany, NY -- (SBWIRE) -- 12/08/2014 -- Global and China Automotive Wiring Harness Industry Report, 2014-2015 covers the following content:
Global automobile market
China automobile market
Global automotive wiring harness market and industry
China automotive wiring harness market and industry
18 global automotive wiring harness companies
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Global automotive wiring harness market totaled USD24.3 billion in 2009, and rebounded in 2010 especially fueled by explosive growth in Chinese market, plus the skyrocketing copper price, the market size rose by 27.7% to USD31.9 billion. In 2011, the market size also ascended supported by continuously increasing copper price and improved automotive electronization. In 2012, benefited from North America, Japan and xEV market demand, wiring harness market kept growth of 10.5%. In 2013, slumping copper price, sluggish European economy and slipped sales volume of automobile in Europe caused the slowdown of wiring harness market, with growth rate merely 3.3%. In 2014, European economy extended its gloomy situation, Chinese automotive market fell down month by month, American market presented good performance, copper price continued declining, and Japanese Yen kept depreciation. Under such background, the wiring harness market in 2014 is projected to continue slowdown with growth rate only 2.6%.
It is estimated that in 2015 the copper price will go on slumping, Chinese automotive market growth slacken to be 5%, European market continue depressed, American market will be slightly better. Thus, global automotive wiring harness market growth is forecasted to slow down continuingly, there will be lawsuits against wiring harness price manipulation continuously, the wiring harness companies will be forced to lower the price for playing up to administrative institutions and automakers, and the market size will get small growth of 1.3% to attain USD43.5 billion.
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In 2014, China penalized three Japanese wiring harness manufacturers in the name of antimonopoly, so Japanese players reduced their investment in Chinese Mainland. The three big players including SEI, YAZAKI and FURUKAWA ELECTRIC got decreased sales from their bases in Chinese Mainland. Conversely, these Japanese players strengthened their investment in North America and Southeast Asia. Take YAZAKI as example, it recruited a large number of workers in North America, which made the total employees up over 20% till end of June 2014. It also vigorously expanded capacity in Thailand, Philippines and Vietnam.
Delphi continued to increase its investment in China. On one hand, it set up new production base in Tianjin; on the other hand, it expanded its capacity in Wuhan plant. LEONI invested Tieling of Liaoning in Dec.2013 and built new production base.
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