China Wires & Cables Market (2020-2026) | Share, Forecast, Industry, COVID-19 IMPACT, Analysis, Companies, Growth, Outlook, Value, Revenue, Trends & Size

China Wires and Cables Market | Country-Wise Share and Competition Analysis

In the year 2021, Viet Nam was the largest exporter in terms of value, followed by Rep. of Korea. It has registered a growth of 12.4% over the previous year. While Rep. of Korea registered a growth of 4.98% as compared to the previous year. In the year 2017, Rep. of Korea was the largest exporter followed by Japan. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, China has a Herfindahl index of 918 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  1182 which signifies high competitiveness in the market.

China Wires and Cables Market - Export Market OpportunitiesThe Latest Development (2023) of the China Wires & Cables Market

China Wires & Cables Market is witnessing major growth in recent times on account of notable development in the technology and production processes. The focus of the country is the expansion of the power transmission, telecommunications, and transportation networks, investments in infrastructure continue to drive the demand for wires and cables in various applications. China Belt and Road Initiative (BRI), a major economic and infrastructure development project, has also played a crucial role in the overall development of the wires and cables industry in China.  Environmental regulations have become crucial in the industry, and efforts to improve sustainability and reduce environmental impact are shaping the landscape of the market. Companies are adopting more ecologically friendly practices and technologies to align with China environmental goals.

Topics Covered in China Wires & Cables Market Report

China Wires & Cables Market report thoroughly covers the market by voltage, installation and end user. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

China Wires & Cables Market is projected to grow over the coming year. China Wires & Cables Market report is a part of our periodical regional publication Asia Pacific Wires & Cables Market outlook report. 6W tracks the Wires & Cables market for over 60 countries with individual country-wise market opportunity assessments and publishes with the report titled Global Wires & Cables Market outlook report annually.

China Wires & Cables Market Synopsis

China Wires & Cables Market is expected to grow in the forecast period due to the development in technology and the emphasis of the country on renewable sources. The increasing popularity of electronics has also played a vital role in the development of the market.

According to 6Wresearch, China Wires & Cables Market size is projected to register growth during 2020-2026. Various factors can be attributed to the development of the market. The revolution in the electric vehicle industry has fuelled the demand for reliable wires &cables. China has been making various efforts towards renewable energy sources like solar and wind power. The increasing adoption of clean energy initiatives has bolstered the growth of the market. The technological advancement in the wires & cables industry has helped the producers to improve product quality, efficiency, and performance, and competitiveness of the product. The development in the infrastructure of the country has also created a demand for wires & cables. There are numerous challenges in the market. The market in China is highly competitive due to the presence of numerous domestic and international players vying for market share in China. The industry heavily relies on copper, Aluminum, and other raw materials for the production of wires and cables and the price of these products is very high.

COVID-19 Impact on China Wires & Cables Market

The outbreak of the COVID-19 pandemic had a remarkable impact on the Wires & Cables Market in China. The government of China implemented strict lockdowns and travel restrictions to contain the spread of the virus which heavily disturbed industrial activities and supply chains across the country and the globe. Production units and construction sites faced temporary closures, leading to production delays and project postponements. One of the major setbacks for the industry was a decline in demand for wires and cables from the construction and manufacturing sectors. The disruption in global trade and logistics also affected the wires and cable manufacturers in China. Supply chain disruptions, container shortages, and logistical challenges impacted the timely delivery of products to international markets leading to a major decline in export volumes and it affected the China Wires & Cables Market Share.

China Wires & Cables Market: Key players

• Prysmian Group
• Nexans
• Jiangnan Group Limited
• Far East Cable Co., Ltd.
• Jiangsu Shangshang Cable Group Co., Ltd.
• Baosheng High-Tech Wire & Cable Co., Ltd.
• Wanda Cable Co., Ltd.
• Anhui Electric Group Shares Co., Ltd.
• Shanghai Shenghua Cable Group Co., Ltd.
• Hanhe Cable Co., Ltd.

These are the major players in the market who have changed the dynamics of the China Wires & Cables Industry by practicing sustainability and environmental practices.

Market by Voltage

According to Dhaval, Research Head, 6W Research based on voltage, the low-voltage Wires & Cables will grow remarkably due to their use in various application of commercial and industrial applications.

Market by Installation

Based on the installation, the overhead installation will grow in the forecast period due to its wide use in the electrification project in rural areas and this is affecting the China Wires & Cables Market Growth.

Market by End-user

Based on End-user, the market is segmented into Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication, and Others. The Building & Construction segment will grow due to use of the wires & cables for electric wiring in residential and commercial buildings.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• China Wires & Cables Market Outlook
• Market Size of China Wires & Cables Market, 2019
• Forecast of China Wires & Cables Market, 2026
• Historical Data and Forecast of China Wires & Cables Revenues & Volume for the Period 2016 - 2026
• China Wires & Cables Market Trend Evolution
• China Wires & Cables Market Drivers and Challenges
• China Wires & Cables Price Trends
• China Wires & Cables Porter's Five Forces
• China Wires & Cables Industry Life Cycle
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Voltage for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Low Voltage for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Medium Voltage for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Extra-High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Installation for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Overhead for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Underground for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By End-users for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Aerospace & Defense for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Building & Construction for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Oil & Gas for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Energy & Power for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By IT & Telecommunication for the Period 2016 - 2026
• Historical Data and Forecast of China Wires & Cables Market Revenues & Volume By Others for the Period 2016 - 2026
• China Wires & Cables Import Export Trade Statistics
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By Installation
• Market Opportunity Assessment By End-users
• China Wires & Cables Top Companies Market Share
• China Wires & Cables Competitive Benchmarking By Technical and Operational Parameters
• China Wires & Cables Company Profiles
• China Wires & Cables Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage
• Extra-High Voltage

By Installation

• Overhead
• Underground

By End-users

• Aerospace & Defence
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others

China Wires & Cables Market: FAQs