Market Research Report on Mining Cable in China

Chinese mining cable manufacturers are concentrated in Shanghai, Jiangsu and Anhui, and they are in the leading position within the industry. Affected by the coal exploitation, mining cable demand is on increase trend, but the growth rate declines. The industry is flooded with medium- and small-sized companies; due to the long-term disordered competition, most companies have great deficits or go bankrupt. The industry is in the initial integration process. It is anticipated that the market share of state-owned companies will decrease further, and the private companies and foreign funded companies will be in the leading position, and the industry concentration degree will increase further.