According to the analysis report on market demand and investment planning of China's automobile harness industry from 2016 to 2021 issued by prospective industry research institute, with the decline of automobile growth rate, the demand for automobile harness will also decline. In 2015, the growth rate of China's automobile market slowed down, the European automobile market remained depressed, and the American market was slightly optimistic. In such an environment, coupled with the continuous fermentation of allegations of manipulating the price of automobile harness, manufacturers are forced to reduce the price of automobile harness in response to relevant authorities. It is expected that the growth rate of the global automobile harness market will continue to decline in 2015.
According to the statistics of prospective industry research institute, it is expected that by 2021, the revenue of the global automotive harness market will increase to US $80.5 billion (about RMB 499.42 billion), with an annual compound growth rate of about 8.6%. In terms of regional market, the Asia Pacific region will become the world's major regional market for automotive wiring harness.

Automotive aftermarket, electrification and intelligence are the undeveloped trends of the automotive industry. With the increase of automobile functions and the universal application of electronic control technology, the more electrical parts, the greater the demand for wires. In particular, new energy vehicles showed strong growth momentum. New energy vehicles have higher requirements for wire harness transmission capacity, mechanical strength, insulation protection and electromagnetic compatibility, and the cost is also 20% ~ 40% higher than that of traditional automobile wire harness. Therefore, the demand of China's automobile harness market will be further increased.