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Development status of China in 2021 wire and cable industry

      As the main carrier of power transmission, wires and cables are widely used in electrical equipment, lighting circuits, household appliances, etc., provide important supporting support for various industries and major construction projects, and are the basic guarantee for the normal operation of modern economy and society. With the rapid development of China’s economy and the construction of a large number of infrastructure facilities, wire and cable is one of the major industries in the construction of the national economy. Investment opportunities have attracted great attention from the industry. The market scale has been rapidly expanded. From 2004 to 2010, the year of China’s wire and cable market The compound growth rate used to exceed 20%. At present, China has become the world's largest wire and cable manufacturer with a scale of nearly 10,000 enterprises. The industry's overcapacity exceeds 50%, and the cable production capacity can even meet nearly 80% of the global market.

      However, the concentration of my country's wire and cable industry is relatively low. The number of small and medium-sized enterprises accounts for more than 90%. The industry is highly competitive and the situation of overcapacity is severe. The utilization rate of ordinary wire and cable production equipment is generally less than 40%.

      In developed regions such as Europe and the United States, the total production capacity of the top 10 cable companies exceeds 60%, while the total production capacity of the top 10 cable companies in China only accounts for 10% of the country's total production capacity. The industry concentration is low, and the total production capacity is more than 90%. The products of SMEs are mainly concentrated in the low-end market, and the competition is fierce. Due to weak technical force, insufficient independent innovation ability, and oversupply of products, some SMEs have gradually compressed their limited profit margins and faced survival difficulties, so they had to be forced to withdraw. market.

      At present, in my country’s wire and cable industry, foreign-funded companies occupy a considerable proportion. Nexans and Pirelli from Europe, Furukawa and Sumitomo from Japan all occupy a considerable share of my country’s wire and cable market. Foreign-funded companies have even greater advantages in the high-end product market. obvious. With the successive entry of foreign capital into China's wire and cable industry, the plight of domestic high-end products in short supply has been eased to a certain extent.

      Under the guidance of market demand and national policies, my country’s wire and cable industry is also actively carrying out industrial integration and technological innovation. Only in this way can the market share be increased. In addition, relying on brand, technology, capital, and management advantages, continue to promote the research and development of new products. Expand new market growth points and focus on the development of special cables such as environmental protection cables, urban rail transit cables, new energy cables, flame-retardant and fire-resistant cables, so as to increase the voice of wire and cable products.

      HENAN TANO CABLE CO LTD( TANO CABLE for short ) is a leading and professional manufacturer of cable and wire. TANO CABLE always insist “Quality is uppermost”, has already awarded the ISO 9001 Quality Management System certificate. Welcome to inquiry online.
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