China's wire and cable industry scale

Introduction: At present, the global wire and cable market scale has exceeded 100 billion euros. In the global wire and cable industry, Asia's market size accounts for 37%, European market is close to 30%, the American market accounts for 24%, and other markets account for 9%. The wire and cable industry is one of the important supporting industries in China's national economic construction. It occupies a quarter of the output value of the electrical industry and is the second largest industry in the machinery industry after the automotive industry.

In the past ten years, China's wire and cable industry has made considerable progress. In 2013, China has exceeded the industry output value of 1.1 trillion, and has surpassed the United States as the world's largest wire and cable producer.

There are a large number of wire and cable companies in China. The number of SMEs accounts for more than 90%, and the industry competition is fierce. In the first three quarters of 2015, the average gross margin of the industry was only 10.51%. As China's economic transformation and upgrading and macroeconomic growth rate fell, the overall growth rate of the wire and cable industry also further slowed, and the intense competition in the industry further intensified. Less competitive small businesses will gradually be eliminated.

In fact, China's cable industry needs to worry about market space almost no matter whether it is in the present or in the future. In recent years, China’s infrastructure construction has been increasing year by year. “Where there is construction, we need to use wires and cables.” The wire and cable industry, as an important supporting industry for the national economy, has a promising future. Under the “new normal” of the economy, China’s power cable output will maintain a stable growth rate in the next few years without major fluctuations in China’s national macroeconomic environment. It is expected that by 2020, China’s power cable output will reach 110 billion meters. In the coming years, China's power, railway, rail transit, energy, construction, shipbuilding, and automobile industries will still maintain a large scale of investment, which will provide the wire and cable industry with many rare opportunities.

Attachment: Top Ten Wire and Cable Enterprises in 2015

As China's wire and cable industry, the proportion of sales revenue of large enterprises has increased year by year, its impact on China's wire and cable industry is also increasing. ProspectWeb released the latest 2015 Top 10 list of wire and cable companies. The list is as follows:

1) Far East Cable Co., Ltd.

2) Baosheng Technology Innovation Co., Ltd.

3) Zhongli Technology Group Co., Ltd.

4) Wuxi Jiangnan Cable Co., Ltd.

5) Qingdao Han Cable Co., Ltd.

6) Xingle Group Co., Ltd.

7) Shandong Yanggu Cable Group Co., Ltd.

8) Henan Jinshui Cable Group Co., Ltd.

9) Fujian Nanping Solar Cable Co., Ltd.

10) Shanghai Pudong Wire and Cable Group Co., Ltd.

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