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2024-08-02 14:00:53 Source: Champ Consulting Visits:0
Special cable is an important infrastructure, widely used in electric power, petrochemical, urban rail transit, automobile shipbuilding and other industries, especially in new energy, intelligent network car, 5G.There is a huge demand in emerging areas such as communications.According to data from the Champ Consulting Group,2023The sales revenue of China's wire and cable industry is expected to reach1.25Trillion yuan, year-on-year growth11.6%Among them, the size of the special cable market accounts for about the total size of30%, reach3750Billion yuan, year-on-year growth15%。
The special cable industry has high technical barriers and market access barriers, resulting in a high degree of industry concentration and a relatively stable competitive landscape.According to data from the Champ Consulting Group,2023The operating income concentration of the top five companies in the global industrial special cable market for the whole year was35.6%, of which the U.S. Plasman Company (Prysmian Group)28.7The revenue of US $100 million ranks first, accounting for the global market share.12.8%; followed by the French company Naxx (Nexans) and Furougawa Electric Industries of Japan (Furukawa Electric Co., Ltd.), respectively, in the global market share8.9%and6.5%; China Baosheng (Baosheng Group) and Far East shares (Far East Cable Co., Ltd.) respectively13.5Billions of dollars and12.8The revenue of billion yuan ranked fourth and fifth, accounting for the global market share.3.8%and3.6%。
The special cable industry is facing the ever-changing market demand and the challenge of technological innovation, which requires enterprises to continuously increase R & D investment and product innovation capabilities to meet the needs of different customers and different occasions. At the same time, with the deepening of global economic integration and regional cooperation, special cable companies also need to expand the international market and participate in the global layout to enhance their competitiveness and influence. According to data from Champ Consulting Group，2023The global industrial special cable market will reach224of which the Asia-Pacific region will occupy the largest market share, reaching85Billion US dollars, accounting for the global market share37.9%; followed by the European region, reaching67Billion US dollars, accounting for the global market share29.9%; North America will reach46Billion US dollars, accounting for the global market share20.5%。
according to champ consulting,2023International cooperation and global layout of special cables will present the following trends and opportunities:
The first is to strengthen technical exchanges and cooperation to improve product quality and performance. Special cable industry involves a variety of fields of technology, such as materials science, electronic engineering, mechanical engineering, etc., need to constantly absorb and learn from the international advanced technology and experience, in order to improve the reliability, safety and durability of products. At the same time, it is also necessary to establish good cooperative relations with international counterparts to jointly develop and promote new products and standards to meet the needs of different markets.
The second is to expand overseas markets and customers, increase market share and revenue. The special cable industry has high profit margins and growth potential, attracting many domestic and foreign companies to participate in the competition. Especially in emerging markets, such as Southeast Asia, the Middle East, Africa and other regions, due to the demand for economic development and infrastructure construction, the demand for special cables is large, and the market competition is relatively weak. Therefore, special cable companies need to actively explore overseas markets and customers, and increase market share and revenue by establishing overseas branches, agents, and joint ventures.
The third is to participate in the integration of global industrial chains and value chains to enhance their competitiveness and influence. The special cable industry is closely related to a number of upstream and downstream industries, such as copper, aluminum, plastics and other raw material industries, as well as electric power, petrochemical, urban rail transit, automobile shipbuilding and other terminal application industries. With the integration and optimization of the global industrial chain and value chain, special cable companies need to establish stable cooperative relations with upstream and downstream industries to achieve resource sharing and win-win benefits. At the same time, it is also necessary to maintain good communication and coordination with international organizations and institutions, participate in the formulation and implementation of relevant policies, regulations, standards, etc., and enhance its competitiveness and influence.
To sum up,2023The international cooperation and global layout of special cables will be an important strategic direction, which will bring new opportunities and challenges to special cable enterprises. Special cable companies need to formulate reasonable internationalization strategies based on their own advantages and goals, and actively seek partners to achieve common development and win-win results.
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