DALLAS, March 16, 2015 /PRNewswire/ --

This research says in 2014, the automotive relay industry of China registered revenue of about RMB3.5 billion, soaring6 6.7% from RMB2.1 billion in 2010. It is expected the CAGR for 2015-2018 will remain above 20%.

Global automotive relay market is dominated by TE Connectivity, Panasonic, LS, Omron, and other foreign companies. Being bullish about the Chinese market, most of these companies have built production bases in China.

Generally, the main circuit voltage of traditional vehicle is 12V or 24V, while that of new energy vehicle is typically above 200V. Hence, to cater to the development of new energy vehicle, high-voltage DC relay will be the R&D priority of automotive relay manufacturers. At present, Xiamen Hongfa Electroacoustic Co., Ltd. boasts the capability of developing and producing high-voltage DC relay.

Automotive relay, an important electronic component among automotive parts, finds widespread application in starting, preheating, cooling, fan, air-conditioning, lighting, electronic injection, oil pump, and other control systems. Automotive relay is second only to electronic sensor in terms of consumption in automobile, 20-70 pieces for single vehicle at present.

With improvement in automotive electronization and growing prevalence of new energy vehicle, China automotive relay industry has progressed steadily over the recent years.

Major Global Automotive Relay Companies
TE Connectivity, Omron, Panasonic, Fujitsu, HELLA, LS, Others, Gruner, YMT

Major Chinese Automotive Relay Companies
Xiamen Hongfa Electroacoustic Co., Ltd., Shanghai Hugong Auto-Electric Co., Ltd., Song Chuan Group, Guizhou Space Appliance Co., Ltd., Dongguan Sanyou Electrical Appliances Co., Ltd., Zhejiang HKE Relay Co., Ltd., Ningbo Forward Relay Co., Ltd., Audix Technology, Guizhou Tianyi Electrical Appliances Co., Ltd.

Purchase a copy of this report (Global and China Automotive Relay Industry Report, 2014-2018) at (Prices start at US $ 2150 for a single user PDF) @ http://www.chinamarketresearchreports.com/contacts/purchase.php?name=115025 .

TE Connectivity: a global leader in automotive relay market; posted global revenue of USD13.9 billion in FY2014, with 3% or so contributed by automotive relay; its Automotive Segment has two production bases in China (EPZ factory and NEPZ factory), of which NEPZ has started to manufacture automotive relay from 2014.

Omron: entered the Chinese market in 1978; recorded revenue of JPY995 billion in China in FY2014, 18.4% of the company's total revenue; automotive relay production base in China- Shanghai OMRON Control Components Co., Ltd. has 8 automotive relay production lines, and plans to introduce 15 advanced production lines in 2015.

Xiamen Hongfa Electroacoustic Co., Ltd.: the largest local Chinese automotive relay manufacturer and also one of a few global high-voltage DC relay suppliers. In Dec. 2013, the company invested the raised funds to build 6 high-voltage DC relay production lines, which are expected to be completed and put into operation in 2016, adding annual capacity of 1.2 million pieces then.

Global and China Automotive Relay Industry Report, 2014-2018 highlights the following: 

• Size, structure, and competitive landscape of global relay and automotive relay market.
• Size, structure, and competitive landscape of the Chinese relay and automotive relay market.
• Size and competitive landscape of global and Chinese auto and new energy vehicle market.
• Operation, revenue structure, and automotive relay business of 8 foreign and 9 Chinese automotive relay manufacturers.

Browse Latest Reports on "Automotive Market" 

Fuel tank plays an important role in protecting automotive safety, so vehicle plants put forward strict requirements on synchronous development capabilities, production capacity, financial strength and other aspects of fuel tank suppliers. In China, even in the world, vehicle plants and automotive fuel tank manufacturers maintain stable relationship, so that the market concentration rate is high. This feature is more apparent in the current mainstream plastic fuel tank market.

The international automotive plastic fuel tank enterprises include France-based Inergy, Germany-based Kautex, UK-based TI Automotive, Japan-based YACHIYO and China-based Yapp. These five producers occupy roughly 70% share of the global automotive plastic fuel tank market together.

In China, plastic fuel tanks are supplied by foreign companies (such as Inergy, Kautex, TI Automotive and Yachiyo) as well as local enterprises (including Yapp, Shunrong, Jiangsu Suguang), with a pattern that Yapp takes the lead while evenly matched others follow. Yapp seizes over 30% share in the Chinese plastic fuel tank market; Inergy, Kautex, TI Automotive, Yachiyo, Shunrong and Suguang hold more than 40% market share jointly.

In 2014, Chinese automotive steering system market size increased to 23.89 million sets, of which the demand for passenger car steering system rose to 19.92 million sets. In China, the EPS technology of mainstream companies has been more mature, the product demand has been growing rapidly, and EPS is replacing HPS to be the main role in the automotive steering system market.

The global automotive steering system market is highly concentrated in six big producers - JTEKT, ZF Lenksysteme, TRW, NSK, Mando and Nexteer, in which JTEKT and ZF Lenksysteme act as leaders with the respective market share of more than 15%. In 2014, the 100% stake of the world's second largest steering system manufacturer - ZF Lenksysteme was taken over by Bosch, while ZF acquired the third-ranked TRW; the fifth largest producer Mando became an independent company focusing on EPS and other parts.

In the Chinese market, JTEKT, ZF Lenksysteme and other foreign manufacturers still occupy dominating positions; at the same time, Chinese local enterprises such as CAAS, Zhejiang Shibao, FAWER Automotive Parts, AVIC-Xihang Yubei and ELITE represent huge potentials with higher market share.

Complete report is available (Global and China Automotive Steering System Industry Report, 2014-2018) at (Prices start at US $ 2300 for a single user PDF) @ http://www.chinamarketresearchreports.com/115013.html .

About Us:

China Market Research Reports is a database of selected syndicated market reports for global and China industries including but not limited to life sciences, information technology and telecommunications, consumer goods, food and beverages, energy and power, automotive and transportation, manufacturing and construction, materials and chemicals, public sector as well as business and financial services. We provide 24/7 online and offline support to our customers.

Connect with Us: 

G+/Google Plus: https://plus.google.com/u/0/+Chinamarketresearchreports/posts

Twitter: https://twitter.com/chinamrreport

Facebook: https://www.facebook.com/pages/China-Market-Research-Reports/727321113998299

Contact:
Ritesh Tiwari
TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252
Tel: +1-888-391-5441
sales@chinamarketresearchreports.com

SOURCE China Market Research Reports