By 2027, the market of wiring harness for financial equipment will be about 3.7 billion yuan per year

By 2027, the market of wiring harness for financial equipment will be about 3.7 billion yuan per year

Although the amount of ATM and POS machines in the field of financial equipment shows a downward trend, the market of financial equipment wiring harness still has room for growth considering the updating and iteration demand of machines.  

In 2020, the financial equipment wire harness market accounted for a small proportion of the overall size of the wire harness industry, about 1%.  The demand for wire harness products in the financial equipment field is about 2.5 billion yuan.  

Although the number of ATM machines has decreased significantly, due to the continuous intelligent transformation of financial equipment, and various kinds of intelligent financial equipment keeping emerging, it is estimated that the market scale of financial equipment will continue to expand in the future. It is estimated that by 2027, the demand for wire harness products in the field will be 3.6 billion yuan.