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Leading enterprises actively layout the international market to drive the development of the industry

Leading enterprises actively layout the international market to drive the development of the industry
Aug 16, 2024

At present, the continuous growth of global wire and cable market demand, especially the rapid rise of developing countries, has prompted leading enterprises in China's wire and cable industry to actively expand overseas sales territory. Relying on excellent product quality and high cost performance, China's wire and cable exports have grown steadily. Under the support of national policies and the promotion of technological innovation within the industry, a number of local enterprises with both research and development strength and brand influence are actively layout the international market, and the export prospects are optimistic. At the same time, the field of special wire and cable as the traditional strong area of imported products, with the increase of domestic enterprises in the field of research and development investment and technological breakthroughs, more and more high-quality domestic special wire and cable is adopted by the market, the import volume shows a downward trend, the domestic substitution effect is significant, marking China's special wire and cable industry is entering a new stage of development.

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