DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bf31f8/china_sling_indust) has announced the addition of the "China Sling Industry Report, 2010-2011" report to their offering.
The sling industry emerged in China in the 1990s and currently is in its introduction stage, featuring low prevalence of professional slings but huge demand potentiality. The market size of the global sling industry approximates RMB100 billion, to which the Chinese market is estimated to contribute RMB30 billion. With the steady upgrading of China's industry and the pursuit of safe production and lean management, the demand for sling products, especially high-end sling products will increase year by year.
Although there are numerous sling enterprises in China, they mostly focus on manufacturing low-end products but achieve limited sales and compete with each other fiercely in the domestic market. Annual sales of most sling manufacturers register between RMB500 thousand to RMB100 million and 40% of sling producers do not have their own brands. As for high-end products with special requirements, manufacturers need to acquire qualifications and improve production technologies to satisfy customers' need. As high-end sling products are in short supply in China, a great majority of the products rely upon imports.
Meanwhile, Chinese local enterprises are striving for seizing the opportunity to expand their business. The fund-raising project of China JULI Group has been put into production with capacity releasing by degrees, and it will achieve its full capacity in 2012; and the company even plans to explore overseas markets and integrate upstream industry chains.
Guizhou Wire Rope Incorporation Company launched a technological reformation project, and the large-diameter high-strength steel strand independently produced by the company successfully finds application in several national major projects.
Ningxia Hengli Steel Wire Rope Co., Ltd has sped up the construction of 30-thousand tons of special steel wire rope projects, expecting to improve its market share of high-end products.
Companies Mentioned:
- Beijing Nodding Industrial Equipments Co., Ltd.
- China JULI Group
- DEXTRA Building Products (Guangdong)
- DOLECO (Kunshan) Lifting and Lashing Ltd.
- Guizhou Wire Rope Incorporation Company
- Hubei Fuxing Science and Technology Co., Ltd.
- Jiangsu Fasten Company
- KISWIRE
- Nanjing Dahua Special Belt Knit Co., Ltd.
- Ningxia Hengli Steel Wire Rope Co., Ltd.
- Shanghai Tai Shen Webbing Co., Ltd.
- UNITEX Safety Equipment (Kunshan) Co., Ltd.
- WISCO WRCA Wire Rope Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/bf31f8/china_sling_indust.