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Emerging markets in the post-epidemic era promote the growth of the global wire and cable industry

 Last Update: 2021-08-09
 Source: Internet
 Author: User

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[ Focus on Chemical Machinery Equipment Network ] Wires and cables are widely used in various sectors of the national economy and are the basic guarantee for the normal operation of modern economy and society
.
The development level of the wire and cable industry is also a sign and epitome of a country's manufacturing level
.

Chemical machinery equipment network hotspots pay attention to chemical machinery equipment wires and cables

Developed countries such as Europe, America and Japan have been industrialized earlier.
At the end of the twentieth century, they have formed a mature cable industry chain and contributed most of the global production capacity and demand at that time.
It still occupies an important position in global supply and marketing, guiding the development of the industry , and is basically monopolizing The global high-end market
.

Guide the high-end industry

At the same time, thanks to the rapid development of the Chinese market, the wire and cable industry in Asia has taken up an increasing share of the world
.
At present, the global wire and cable industry has entered a stage of steady growth, and to a certain extent presents the characteristics of stock competition
.

Major listed companies in the wire and cable industry: At present, foreign listed companies in the wire and cable industry include Italy's Prysmian, France's Nexans, the United States Belden, and Japan's Sumitomo Electric
.
The main listed companies in the domestic wire and cable industry include Hengtong Optoelectronics (600487), Zhongtian Technology (600522), Baosheng Co.
, Ltd.
(600973), and Far East Co.
, Ltd.
(600869)
.

Major listed companies in the wire and cable industry:

The core data of this article: the regional market share of the global wire and cable industry, the market concentration of the wire and cable industry in major regions, the global demand for wires and cables, the market size of the global metal insulated wire and cable industry, and the forecast of the global wire and cable industry market size
.

The core data of this article:

1.
The growth of global demand slows down and the decline accelerates under the epidemic

At present, the commonly used wires and cables in the world are divided into insulated wires and cables and bare wires according to the insulation type.
Due to the small scale of the bare wire market, the wires and cables are insulated wires and cables in a narrow sense.
The international common practice is to use insulated wires and cables as the main market.
Analyze and study the wire and cable industry, the following is an analysis of the global wire and cable development status based on insulated wires and cables
.

According to data released by CRU, in 2019, affected by the weak demand in the Chinese market, the growth rate of global metal insulated wire and cable demand (conductor weight) has slowed down significantly.
The demand in 2019 was 19 million tons, an increase of nearly 1% year-on-year
.
CRU released a report in December 2020, stating that due to the impact of the epidemic in 2020, global cable demand except China will shrink at a nearly double-digit rate
.

Although market demand in various countries is recovering, the early weakness will promote double-digit declines in many regions in 2020
.
Therefore, the global demand for insulated metal wires and cables this year will shrink by about 5%-6% year-on-year
.
After preliminary estimates, the global demand for metal insulated wires and cables will drop to 17.
86 million tons in 2020
.

　　2.
The epidemic has led to a decline in demand, and the scale of the global market is gradually shrinking

2.
The epidemic has led to a decline in demand, and the global market is gradually shrinking and shrinking

　　As one of the most important manufacturing industries in the world, wire and cable has a market size of over 100 billion U.
S.
dollars
.
From 2017 to 2020, the market scale of the global wire and cable industry shows a trend of volatility
.
According to data released by CRU, the market size of the global metal insulated wire and cable industry in 2017 was US$161 billion
.
A slight increase in 2018 reached 172 billion US dollars
.
Due to the decline in Chinese market demand in 2019, the global market size dropped slightly to 164 billion U.
S.
dollars
.
After preliminary estimates, the global metal insulated wire and cable market will be affected by the epidemic in 2020, and demand will shrink , with a market size of US$152 billion
.

Shrinking

　　3.
The market share in the Asia-Pacific region has gradually expanded and the rest of the region has begun to shrink

3.
The market share in the Asia-Pacific region has gradually expanded and the rest of the region has begun to shrink and shrink

　　In recent years, the rapid economic growth of emerging countries such as Asia and the shift of the world's wire and cable production focus to Asia have driven the rapid development of wire and cable industries in China, Vietnam, the Philippines, and Egypt in the Middle East
.

　　According to the report released by CRU, the 2020 epidemic has caused varying degrees of impact in other regions of the world except China
.
The forward-looking combination of multi-party market data summarizes the overall development of the power cable industry on a global scale.
The specific manifestations are the rapid increase in Asia, the slight decline in the Americas, and the unstable development in Europe in recent years, which is greatly affected by economic and political factors
.
The Asia-Pacific region accounts for approximately 49% of global consumption scale, and Europe and the Americas account for 15% and 10% respectively
.

　　4.
The European, American and Japanese markets are more mature and the market concentration is higher

　　After years of development in the wire and cable industry in developed countries, especially in the face of fluctuations in raw material prices, small companies have gradually withdrawn from the market, and the industry concentration has increased significantly.
The top 10 wire and cable manufacturers in the United States (such as General Motors, Belden, Corning, South Line, etc.
) ) Occupies about 70% of the market share; the 7 largest Japanese cable companies (such as Furukawa, Sumitomo, Tencang, Hitachi, Showa, etc.
) account for more than 65% of the market share; the five largest French cable companies (Nexans, Xinte, etc.
) It dominates the turnover of the French market and occupies more than 90% of the French market share
.
The concentration of China's entire wire and cable industry is extremely low, with a CR10 of 17.
7%
.

first 10

　　5.
The growth rate of emerging markets has significantly increased the demand in the post-epidemic era

　　In 2020, affected by the new crown epidemic, the global wire and cable market is in turmoil
.
With the recovery of the global economy, China has invested in new energy and infrastructure construction.
It is expected that the scale of the global wire and cable market will recover in 2021
.
Looking forward, it is predicted that the global metal insulated wire and cable market will rebound to 180 billion U.
S.
dollars in 2021
.

New crown

　　However, in the medium term, after the end of the new crown epidemic, the global wire and cable industry will resume healthy growth driven by government and private investment, but the growth rate has slowed slightly compared with the previous five years
.
Among them, the rapid economic development of emerging markets represented by Africa and Southeast Asia will accelerate their construction, infrastructure, public utilities and industrial development activities.
These activities will provide huge upward potential for the wire and cable demand in emerging markets.
The increase in demand will continue to support the recovery and growth of global demand
.

New crown

　　According to CRU forecasts, after 2023, the global wire and cable industry market demand will return to the level of 2019
.
Looking forward, it is predicted that the global wire and cable market will expand at an average annual growth rate of 5% from 2021 to 2026.
It is estimated that the market size of the global metal insulated wire and cable industry will reach 230 billion U.
S.
dollars in 2026
.

　　For more data, please refer to the "Analysis Report on Market Outlook and Investment Strategic Planning of China's Wire and Cable Industry" by Qianzhan Industry Research Institute.
At the same time, Qianzhan Industry Research Institute also provides industry big data, industry research, industry chain consulting, industry map, industry planning, and park planning.
, Industrial investment promotion, IPO fundraising feasibility study, prospectus writing and other solutions
.

　　Original title: 2021 global wire and cable industry market status and development trend analysis post-epidemic era emerging markets promote industry growth

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