Views: 0 Author: Site Editor Publish Time: 2022-12-13 Origin: Site
1. The industrial chain of the automotive wiring harness industry
The automobile wiring harness is the main body of the automobile circuit network. After the contact terminal (connector) punched by copper is crimped with the wire and cable, the plastic insulator or the metal shell is added, and the wiring harness is bundled to form a connecting circuit component. , mainly composed of wires, terminals, connectors and sheaths. Automotive wiring harness products are customized products, and different vehicle manufacturers and different models have different design schemes and quality standards.
Automobile wiring harness products belong to auto parts and are located in the middle reaches of the entire automobile industry chain. Its upstream industries are copper, rubber, plastic, wire and wire, etc., and its downstream industries are mainly automobile manufacturers and some parts supporting suppliers.
Schematic diagram of the industrial chain of the automotive wiring harness industry
Source: Compiled by Huajing Industrial Research Institute
2. Production and Sales of Automobiles and New Energy Vehicles in China
After the reform and opening up, China's auto industry has developed rapidly and has become the world's largest auto producer and new car consumer market. The auto industry has also become a pillar industry in China. According to statistics, my country's automobile production and sales in 2020 will be 25.225 million and 25.311 million respectively, a year-on-year decrease of 2.0% and 1.9%, and compared with the previous year, it has narrowed by 5.5 percentage points and 6.3 percentage points respectively.
Source: China Association of Automobile Manufacturers, compiled by Huajing Industry Research Institute
In recent years, my country's new energy vehicle market has continuously ushered in favorable policies. In the "Proposals of the Central Committee of the Communist Party of China on Formulating the Fourteenth Five-Year Plan for National Economic and Social Development and the Long-term Goals for 2035" issued in November 2020, it mentioned the development of strategic emerging industries, including new energy vehicles It is one of the key industries receiving attention. According to statistics, in 2020, my country's new energy vehicle production will be 366,000, a year-on-year increase of 9.99%, and sales will reach 1.367 million, a year-on-year increase of 13.35%.
Source: China Association of Automobile Manufacturers, compiled by Huajing Industry Research Institute
Related report: "2021-2026 China Automotive Wiring Harness Tape Industry Development Prospect Forecast and Investment Strategy Research Report" issued by Huajing Industrial Research Institute
3. Market Scale of China's Automotive Wiring Harness Industry
With the continuous increase of automobile sales, the demand for automobile wiring harness has also risen sharply, and the market capacity of automobile wiring harness has increased rapidly. In the field of traditional automotive electronics, the average total value of a single vehicle wiring harness product is about 2,000 yuan, and it is even higher for some high-end models. In 2020, China's automobile production will be 25.225 million. Based on the price of a single vehicle wiring harness of 2,000 yuan, the market size of China's automotive electronics wiring harness products will be 50.45 billion yuan.
Source: Compiled by Huajing Industrial Research Institute
4. Analysis of the competitive landscape of China's automotive wiring harness industry
The development of the automotive wiring harness industry is highly dependent on the automotive industry. Most brand automakers have their own relatively mature and stable automotive supporting systems. Especially international auto companies represented by German, American, and Japanese companies implement strict assessment and evaluation of parts suppliers. The long-term high standard requirements for components have made the combination of automotive wiring harness suppliers and automotive companies relatively stable. At present, the global automotive wiring harness market is mainly composed of Japan's Yazaki, Sumitomo Electric, Fujikura, South Korea's Yura, Comba, and Europe and the United States Leoni, Aptiv, Cronenberg Schubert, Dexmer, Lear And other wiring harness manufacturers lead.
Source of information: Compilation of public information
From the perspective of foreign automotive wiring harness companies, Germany's Leoni, Aptiv and Japan's Sumitomo Electric are all large auto parts companies with a long history of development. Energy and infrastructure, etc., the product categories are more diversified.
In the domestic market, although there are many automotive wiring harness manufacturers, most of them are small in scale. Only a few wiring harness manufacturers such as Shanghai Jinting, Liuzhou Shuangfei and Kunshan Huguang can enter the joint venture automotive supplier system with strict product quality.
Source: Compiled by Huajing Industrial Research Institute
Shanghai Jinting, a subsidiary of Yongding Co., Ltd., mainly serves Shanghai Volkswagen, Cummins and Volvo, Wuhan Jinting mainly serves GM, and Suzhou Jinting undertakes new energy vehicle products and other new businesses while serving SAIC GM to meet the production of new projects for customers need. According to statistics, as of 2019, Yongding's automotive wiring harness revenue was 1.269 billion yuan, accounting for 37.66% of the total revenue. As of the first three quarters of 2020, Yongding's operating income was 2.24 billion yuan, a year-on-year decrease of 14.38%.
Source: Company announcement, compiled by Huajing Industrial Research Institute
From the perspective of the production and sales of automotive wiring harnesses of Yongding Co., Ltd., the production and sales of automotive wiring harnesses of Yongding Co., Ltd. continued to grow from 2015 to 2019. As of 2019, the output of automotive wiring harnesses of Yongding Co., Ltd. was 16.7905 million pieces, and the sales volume was 18.2887 million pieces.
Source: Company announcement, compiled by Huajing Industrial Research Institute
Huguang Co., Ltd. is a company dedicated to the R&D, production and sales of automotive high and low voltage wiring harnesses. At present, it has established stable cooperative relations with world-renowned automakers such as Volkswagen Group, Daimler Benz, General Motors, Audi, Ford, Li Auto, and Jaguar Land Rover. According to statistics, as of the first three quarters of 2020, Huguang's operating income was 982 million yuan, a year-on-year decrease of 15.89%.
Source: Company announcement, compiled by Huajing Industrial Research Institute
From the perspective of Yongding’s automotive wiring harness business income, according to statistics, in 2019, Huguang’s automotive wiring harness business income was 1.557 billion yuan, a year-on-year increase of 8.73%; as of the first half of 2020, your Huguang’s automotive wiring harness business income was 536 million yuan .
Source: Company announcement, compiled by Huajing Industrial Research Institute
From the perspective of the production and sales of automobile wiring harnesses of Huguang Co., Ltd., according to statistics, as of 2019, the output of automobile wiring harnesses of Huguang Co., Ltd. was 9.5075 million pieces (sets), a year-on-year increase of 4.6%, and the sales volume was 9.5187 million pieces (sets), a year-on-year increase of 3.7%.
Source: Company announcement, compiled by Huajing Industrial Research Institute
5. Lightweight is the main tone of future automotive wiring harness development
As an important part of the vehicle, the automotive wiring harness accounts for 2% of the total weight of the vehicle, and continues to expand with the increase of automotive electronic equipment. The lightweight of the wiring harness is becoming more and more important to reduce the energy consumption of a single vehicle. The weight of copper wires in automotive wiring harnesses accounts for 75%, which is the main lightweight direction.
Source of information: Compilation of public information
The lightweight of automotive wiring harness mainly includes material lightweight, structural lightweight and layout optimization. 1) Material optimization, the conductivity of aluminum wire is close to that of copper, and the weight is lighter, and it is more and more used in power lines and signal lines; 2) Structure optimization, the signal line uses extra-fine copper wire, which can ensure the current conduction 3) Layout optimization, Bosch, a top supplier of auto parts, and BMW, a leading automaker, put forward the prospect of domain control architecture and power distribution architecture, Tesla, a leading new energy vehicle manufacturer On the Model3, the mass production matching of the domain control architecture and the power distribution architecture has been realized.