China's Wire and Cable Manufacturing industry is expected to grow at an annualized 4.2% over the five years through 2024, to $398.2 billion, due to strong domestic demand and stable economic growth across China. This trend includes expected growth of 2.8% in the current year. In 2022, the industry was negatively affected by the repeated COVID-19 pandemic. Industry revenue decreased by 4.9% in the year. However, the recovering China’s economy led to a rebound in the industry in the following years.
Trends and Insights
The industry is an important supporting to the economy. Wires and cables are the core components of many infrastructure constructions, like power, communication, transportation, and others. The extensive downstream markets have supported the industry's demand.
Power cable is the largest product segment. China’s large demand for electricity power, continuous expansion and updating of power transmission and distribution network have driven the demand for power cables.
Industry operations are close to downstream market. The southeastern and coastal regions of China have higher economic development level and urbanization rate, resulting in a high demand for wires and cables.
Industry concentration level is low. The top four participants, namely Baosheng SCI, Shangshang Cable, QiFan Cable, and Far East, are expected to jointly make up of 4.7% of industry revenue in 2024.
-The Largest Dedicated Wire Processing Event Of The Year in China
Wuhan Electrical Wire Processing Technology Expo 2025 will be held within Wuhan International Semiconductor Industry and Electronic Technology Expo on May 15-17, 2025 at Wuhan● China Optics Valley Convention and Exhibition Center, China. As the exclusive showcase for the electrical wire harness, wire and cable processing industries, the exhibition connects buyers with local, national, and international manufacturers and distributors. It's the only event where the industry meets as a whole to present and access new technologies, innovative products and services, as well as solutions for challenging wire problems in China midwest. By bringing together buyers and manufacturers, this exhibition presents the ideal venue to find new opportunities and generate new business.