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Wire and Cable Market Size, Share, Growth and Manufacture Development Analysis by 2021-2027

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The global Wire and Cable market size is expected to surpass around US$ 237.06 billion by 2027 and the market is expected to garner growth at a CAGR of 4.3% over the forecast period 2021 to 2027.

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Growth Factors

With the rise in the urbanization and globalization transport sector has witnessed profound growth in the recent past. Introduction of electric vehicle and rising adoption of autonomous vehicles pertaining to regulate the carbon emission are the key strategies adopted by the governments of various regions that drive the market growth. There are different types of wire technologies used in the transport system that include clutch wires, brake wires, accelerator wires, gear wires, and many more. Implementation of these wire technology enables mobility of a vehicle. Furthermore, increased spending on automobile sector to enhance its safety, aesthetics, and comfort drives the demand for advanced wire technology.

Fluctuation in the price of raw materials such as copper, rubber, plastic, and aluminum may hamper the market growth. Variation in price directly impacts the overall price of the cable that is a major problem for the wire and cable manufacturers to maintain stability. However, with the increasing demand for flame retardant cables along with advanced cable technology that offer minimum data loss predicted to create alluring opportunities in the coming years.

Market Report Scope

Report Highlights Details
Market Size USD 237.06 Billion by 2027
Growth Rate CAGR of 4.3% from 2021 to 2027
Fastest Growing Market Asia Pacific
Largest Market North America
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Wire and Cable market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Wire and Cable market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Wire and Cable. The study also provides the dynamics that are responsible for influencing the future status of the Wire and Cable market over the forecast period.

A detailed assessment of the Wire and Cable market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Wire and Cable market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • North America and Europe are the matured markets still witness significant growth over the forecast period due to significant government initiatives in these regions.
  • The Asia Pacific is the most attractive region in the global market due to increasing demand for power, light, and communication network.
  • Based on type, optical fiber cable expected to have profound demand owing to its numerous advantages that include low security risk, high bandwidth, and many more.
  • In terms of material, copper is the most preferred material across the world due its superior ductile &tensile strength, high electrical conductivity, and many other properties.
  • Power transmission led the wire and cable industry with nearly half of the revenue share in 2019 owing to replacement of conventional T&D system with more reliable one.
  • Building application register the fastest growth over the forecast period due to increasing population along with high rate of construction and development in the Asian countries.

Regional Snapshots

North America and Europe are the most prominent revenue contributors in the global wire and cable market for the year 2019 and anticipated to exhibit profound growth over the forecast period. This is mainly due to significant technological advancements in the field of transportation, construction, communication, and energy & power. These regions are expected to be the matured markets, yet experience high rate of deployment for advanced cable technology in the regions. Introduction of electric vehicle transformed the mobility sector; in addition, it significantly spurs the demand of advanced wire & cable technology to interconnect various complex systems in the vehicle.

On the other hand, the Asia Pacific exhibits the highest growth rate over the analysis period owing to presence of large consumer base and proliferating demand of advanced technologies in the region. Consumer awareness towards the application of smart and advanced products to enhance efficiency and reduce efforts has significantly driven the need for advanced technologies. In addition, rising investment on energy & power sector to develop compatible infrastructure in support of renewable generation again triggers the growth of the market.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • Hengtong Optic-Electric Co Ltd.
  • Prysmian Group
  • Sumitomo Electric Industries, Ltd.,
  • Furukawa Electric Co., Ltd.
  • Leoni AG
  • Jiagnan Group
  • General Cable Corporation
  • LS Cable & System Ltd
  • TPC Wire & Cable Corp
  • Southwire Company, LLC
  • Polycab Wires Private Limited
  • Nexans S.A.
  • Hitachi Metals Ltd
  • Far East Cable Co., Ltd.

Segments Covered in the Report

By Type

  • Medium and High Voltage (MV & HV)
  • Low Voltage (LV)
  • Optical Fiber Cable

By Material

  • Aluminum
  • Copper
  • Glass

By Application

  • Data Transmission
  • Building
  • Power Transmission
  • Transport

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Wire and Cable market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Wire and Cable are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Wire And Cable Market, By Type

7.1. Wire And Cable Market, by Type, 2020-2027
7.1.1. Medium and High Voltage (MV & HV)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Low Voltage (LV)
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Optical Fiber Cab
7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Wire And Cable Market, By Application

8.1. Wire And Cable Market, by Application, 2020-2027
8.1.1. Data Transmission
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Building
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Power Transmission
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Transport
8.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Wire And Cable Market, By Material

9.1. Wire And Cable Market, by Material, 2020-2027
9.1.1. Aluminum
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Copper
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Glass
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Wire And Cable Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by Material (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Material (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by Material (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Material (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Material (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Material (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by Material (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Material (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Material (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Material (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Material (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Material (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Material (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by Material (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Material (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Material (2016-2027)

Chapter 11. Company Profiles

11.1. Hengtong Optic-Electric Co Ltd.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Prysmian Group
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Sumitomo Electric Industries, Ltd.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Furukawa Electric Co., Ltd.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Leoni AG
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Jiagnan Group
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. General Cable Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. LS Cable & System Ltd
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. TPC Wire & Cable Corp
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Southwire Company, LLC
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Polycab Wires Private Limited
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Nexans S.A.
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. Hitachi Metals Ltd
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
11.14. Far East Cable Co., Ltd.
11.14.1. Company Overview
11.14.2. Product Offerings
11.14.3. Financial Performance
11.14.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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