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1 . Wire and Cable Market Research Reports, Analysis & Trends
Wire & cable industry comprises companies that operate by manufacturing, supplying and distribution of industrial standard wire & cable for various machines, electronic and equipments, and also manufactures insulated fiber-optic cable and insulated metal wire and cable using wire drawn by non-industry companies. Basically, the firms in this industry manufacture cables and wire products for use in the communications, construction, power transmission, industrial and other sectors, and these cables are made of copper, steel or aluminum.
Europe's consumption of flame retardant cable products rises up from 3494 K Meters in 2012 to 4054 K Meters in 2016, with an average annual growth rate of 3.68%. At the same time, the revenue of Europe flame retardant cable sales market has a leap from 10317 K dollars to 11035 K dollars
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Electronic Heating Cables Insulated Wire Bonding Wires Flame Retardant Cable Steel and Copper Wire Search More Reports
All the products manufactured in this industry are typically used by energy and communications companies, as well as appliances, other consumer product and electrical device manufacturers.
There is a huge demand for insulated wire and cable is projected to increase 5.8% every year, starting in 2017 to reach the value of $29.2 billion, therefore recovering from declines during the five year 2007-2012 period.1 Building construction is expected tp offer the best opportunities for advances, due to a rebound in housing starts. In addition, faster gains in motor vehicle production and the need to upgrade the aging US power transmission and distribution network will drive wire and cable demand. Through 2017, growth in the number of electronic devices utilizing wireless technology will dampen demand for cable used to connect devices. The industry has witnessed challenging conditions over the past five years, with construction activity and government spending declining sharply.
Trouble for firms in the manufacturing sector has subsequently lowered demand for cables and wires because firms tightened their spending budgets. The rising popularity of fibre-optic cables also hampered growth further, and as the number of devices grows, the computing power of the telecommunications infrastructure will need to increase, and this growth is expected to require the construction of new data centers and wireless cellular towers, both of which are heavy users of insulated wire and cable. In addition, further investment in last-mile infrastructure upgrades by telecommunications providers will stimulate advances.
2 . Wire and Cable Industry Current Trends
In the global wire & cable industry, one of the major sector has been the building wire & cable segment, where building wire and cable has accounted for the largest share of product demand in 2012. Building wire and cable finds usage in nearly all residential and nonresidential structures. As a result, the recovering US construction industry will cause demand for building wire and cable to increase at the fastest rate. Specifically, growth in the number of new housing units will provide the bulk of demand gains, although heightened construction levels of commercial, lodging, and office buildings will also stimulate advances. Electronic wire and cable is the largest product of this industry, which accounted for an estimated 24.6% of the total industry revenue in 2013. This segment is predominantly used by manufacturers of electrical and electronic products, including everything from automobiles and generators to computers and lamps.
Power wire and cable comprised a large share of total wire and cable demand. Starting 2017, demand for power wire and cable will result from upgrades to the current power transmission and distribution network. In addition, superconducting wire, which offers a number of technological improvements, will also see greater use. Electronic wire and cable demand will be spurred by advances in the telecommunications market, as well as by the turnaround in electronic equipment shipments.
3 . Major Wire and Cable Industry Players
Some of the major wire and cable industry players are Belden Inc in US , Cords Cable Industries Limited, Finolex Cables, Torrent Cables in India, Enfield Cables in UK, Hitachi Cable in Japan, LS Cable & System in Korea, Marlin Wire in US, Chongqing Yuneng Taishan Electric Wire & Cable in China etc.
1 . How MarketResearchReports.com Can Help You Find the Right Report(s)?
Wire & Cable Industry Overall Growth Forecast
We offer syndicated/off-the-shelf and custom market research reports covering Wire & Cable industry. These reports are designed to provide a wholistic view of the global Wire & Cable industry.
The major growth forecast covered are:
- Wire & Cable Industry CAGR % Growth Forecast for 2022-2028
- Wire & Cable Industry Value Growth Forecast for 2022-2028
- Wire & Cable Industry Key Companies Growth Forecast for 2022-2028
Wire & Cable Industry Regional Data Coverage
The reports offered by us provide deep regional data for Wire & Cable industry. This information is designed to help decision makers identify the key growth markets of Wire & Cable industry and prepare their business strategy accordingly.
The major regional data covered are:
- Wire & Cable Industry Region-Wise Growth Trends
- Wire & Cable Industry Key Country Growth Opportunities
- Wire & Cable Industry Focus on Most Important Markets
Wire & Cable Industry Trends Analysis
The reports covering Wire & Cable industry offer trends analysis of various types. These include overall key growth opportunities in global Wire & Cable industry.
The major trends and analysis covered are:
- Wire & Cable Industry Key Player Profiles
- Wire & Cable Industry SWOT Analysis
- Wire & Cable Industry Growth Drivers and Challenges
2 . Latest Market Research Reports on Wire & Cable Industry
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