Whitepaper: Wire Harness Manufacturing in Mexico: The Key to Staying Competitive in North America
Today the difference between success or failure can be measured by just a few dollars on the hour. A growing number of small and midsize wire harness manufacturingcompanies are setting up in central Mexico to gain a competitive advantage. The global automotive wire harness manufacturing market, valued at $66,543 million back in 2015, is now expected to reach $93,069 million by 2022, growing at a CAGR of 5.1%.
Our wire harness manufacturingwhitepaper reveals:
- How four Entrada Group harness assembly clients expanded their business in Mexico
- How wire harness manufacturersin Mexico are lowering costs – sometimes as much as 30% – and growing topline revenue at the same time
- Why Mexico is the ideal wire harness manufacturing location for servicing North American customers
Download “Wire Harness Manufacturing in Mexico: The Key to Staying Competitive in North America” to learn how Mexico provides the competitive advantage wire harness manufacturers in the U.S. and Canada are looking for.
More from the Whitepaper
Today, more than 7,000 people are employed in wire harness manufacturing for over a dozen companies in the state of Zacatecas alone. This access to and abundance of affordable labor gives central Mexico a pronounced advantage over not only American and Canadian production locations, but also over other regions of Mexico.
What few know, however, is that Mexico’s hourly labor costs for fully loaded direct workers—who typically are working a wire harness manufacturing line— are a fraction of prevailing rates in the U.S. and Canada.
This whitepaper looks at the cost pressures faced by all wire harness manufacturers in the U.S. and Canada, highlighting in particular the experiences of four wire harness assembly clients operating at the Entrada Group campus. Each of the four turned to Entrada Group for their own nearshore Mexican production and experienced business growth throughout the years.