October 22, 2021
Wire and Cable

Wire and Cable Market Size, Growth Insight, Trends and Forecasts to 2027

The global wire and cable market value is expected to reach US$ 237.06 Billion by the end of 2027, decelerating at a CAGR of 4.3% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

The study provides the overall revenue of the global wire and cable market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global wire and cable market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the wire and cable industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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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.

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.

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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.

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Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global wire and cable market are as follows:

  • 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.

Market Segmentation

Segments Covered in the Report

This research study encompasses comprehensive assessment of the marketplace revenue with the help of prevalent quantitative and qualitative intelligences, and prognoses of the market. This report presents breakdown of market into major and niche segments. Furthermore, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This report comprises market division and its revenue valuation by categorizing it depending on type, material, application, and region:

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

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global wire and cable market. It examines trends and factors influencing demand for wire and cable globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for wire and cable across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on wire and cable. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

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 2020-2027 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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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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