Analysis of current situation of wire and cable industry

Wire and cable are used to transmit electrical (magnetic) energy, information and electromagnetic energy conversion wire products. It is widely used in various departments of national economy and provides important supporting facilities for various industries, national defense construction and major construction projects.
China’s wire and cable industry, based on a large number of technology introduction, digestion and absorption and independent research and development, has formed a huge production capacity, product variety satisfaction rate and domestic market share of more than 90%. Large enterprises of wire and cable manufacturing have obvious advantages in market competitiveness and the market develops rapidly.


At present, the market competition in China’s wire and cable industry is fierce, and most small and medium-sized enterprises in China adopt price competition. Wire and cable enterprises lack of development momentum, independent innovation ability is not strong, in the low – and medium-end wire and cable market with relatively low technical added value, price competition is quite common.
As the global wire and cable market matures, wire and cable manufacturing slowdown, growth is not big, falling demand, cable companies relative excess capacity, prices, competition between enterprises, combined with copper, aluminum, plastic and other factors such as main raw materials rose sharply, causing many cable enterprise development difficult.
International cable enterprises occupy the market by means of mergers and acquisitions, external expansion and transfer of production bases, etc., and occupy a large share in the international market.
The relevant personage inside course of study introduces, in recent years foreign capital electric wire and cable enterprise enters, intensified the market competition of domestic electric wire and cable industry further.

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