Top 200 Chinese Cable Producer Revenues Hit Record US$61 Billion with Far East Cable Leading the Pack
LONDON, January 22, 2015 /PRNewswire/ --
Far East Cable has shaken off stiff competition to hold onto the pole position in a new independent ranking of the top 200 Chinese wire and cable manufacturers by revenue*. According to Integer Research's newly published 'Top 200 Wire & Cable Producers Database', Far East Cable has retained its position as the leading Chinese cable maker with revenues reaching US$1.7 billion in 2013.
The 'Top 200 Chinese Wire & Cable Producers Database' is the first analysis of its kind to rank the leading 200 wire and cable producers in China, whose combined revenues increased by 4.4% year-on-year to reach US$61.1 billion in 2013. This is a sharp increase from the US$29.1 billion revealed in 2008, despite being a slower growth rate than in recent years.
China is now a force to be reckoned with in the global wire and cable industry and Far East Cable faced strong competition from other leading cable producers including: Tongling Jingda, Jiangsu Shangshang Cable Group Co., Ltd, Baosheng Wire & Cable, TBEA Co Ltd, Shanghai Shenghua, Xing Yue Group Co., Ltd (Xingle), Hengtong Group and Tianjin Suli Cable Group Ltd.
Increased demand and market consolidation
Driving these increases in Chinese producer revenues (much to the benefit of the leading 200) is the acute rise in demand for wire and cable as well as market consolidation and merger and acquisition activity which has taken place over the last six years. Another key development has been the infiltration of leading Chinese producers into the community of global cable companies, displacing many European, Middle Eastern, Taiwanese and ASEAN companies from the global rankings.
"The leading 200 Chinese cable companies have shown impressive growth over the last six years, although as overall growth rates in demand for wire and cable in China have slowed, we expect to see more consolidation in the industry over the next decade," says Integer Research's Director of Wire & Cable, Philip Radbourne. Radbourne also noted "it has taken considerable research time, but this report provides a definitive list of the leading Chinese cable producers that will shape both the China and Asian markets for the next decade".
The 'Top 200 Chinese Wire & Cable Producers Database' details wire and cable revenues (US$ million), company by company, based on the size of their turnover for each calendar year stretching from 2013 back to 2008, allowing for some very revealing analysis of the competitive landscape. The report details the year of founding and main location by city and province of each of the leading 200. Integer has been analysing the global wire and cable market in detail since 2002, and has increasingly concentrated its research in emerging markets such as China.
Notes:
*Revenues are reported in US$ million, and include insulated power cable and enamelled/magnet wire and strip figures. We specifically exclude revenues from copper and aluminium rod, bare overhead cables (ACSR/AAC) and wiring harness revenues.
WANT TO KNOW MORE? CONTACT US
To arrange an interview to explore the rankings in greater detail with Philip Radbourne, Integer Research's Wire & Cable Director, call us +44-20-7503-1265 or email [email protected].
SOURCE Integer Research
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