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Europe Wires and Cables Market Size, Share, Trends, Analysis: By Voltage: Low Voltage, Medium Voltage, High Voltage; By Product: Power Cables, Building Wires, Flexible Wires and Cables, EHV Cables, Control/Instrumentation Cables, Others; By Material: Copper, Aluminium, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Europe Wires and Cables Market Outlook
The Europe wires and cables market size reached approximately USD 49.4 billion in 2023. The market is projected to grow at a CAGR of 3.2% between 2024 and 2032, reaching a value of around USD 66.1 billion by 2032.
Key Takeaways
- In 2022, about 2 million electric car registrations were carried out, an increase from 1,74 million in 2021.
- Europe is connected to North America through 17 cables. A major number of trans-Atlantic cables land in the U.K. and France, along with Denmark, Norway, Ireland, and Spain.
- In 2022, the European construction sector witnessed a growth of 3%.
Cable manufacturers in Europe are recognised worldwide technology leaders. Manufacturers are increasingly developing wires and cables in line with the sustainability needs to accelerate the grid build-up and secure European manufacturing capability for a sustainable energy transition for the region. The EU has set interconnectivity targets, which were upgraded to 15% for 2030. This implies that a nation must have sufficient installed cable capacity to export about 15% of the electricity produced by the country’s power plants to its neighbours. Such initiatives are significantly aiding the Europe wires and cables market growth.
The telecommunication sector is considered a strategic sector and a key asset to the European economy. In 2022, the European telecom sector witnessed a total investment of EUR 59.1 billion . The telecom sector in Europe is constructing the infrastructures for digital and green transformation while speeding up the technological adoption with 5G, edge computing, cloud, Artificial Intelligence, IoT, and cybersecurity, among others.
Germany is a key player in the European wires and cables market. The presence of renewable energy goals and government support for the transition towards EVs are increasing the demand for wires and cables for power transmission and automotive applications. Moreover, the ongoing Industry 4.0 practices are further necessitating the use of high-tech cables for supporting manufacturing digitisation.
Market Segmentation
Europe Wires and Cables Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Voltage
- Low Voltage
- Medium Voltage
- High Voltage
Market Breakup by Product
- Power Cables
- Building Wires
- Flexible Wires and Cables
- EHV Cables
- Control/Instrumentation Cables
- Others
Market Breakup by Material
- Copper
- Aluminium
- Others
Market Breakup by End Use
- Construction
- Residential
- Commercial
- Telecommunications
- Energy and Power
- Automotive
- Aerospace and Defence
- Others
Market Breakup by Country
- Germany
- United Kingdom
- France
- Italy
- Others
Competitive Landscape
Manufacturers are increasingly focusing on offering improved products to consumers using advanced materials.
- Nexans S.A.
- Prysmian S.p.A.
- Furukawa Electric Co. Ltd.
- Leoni AG
- KEI Industries Limited
- Cable Harnesses UK Ltd.
- Sumitomo Electric Industries, Ltd.
- Heatsense Cables Limited
- Tratos Cavi S.p.A
- Cleveland Cable Company
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Voltage |
|
| Breakup by Product |
|
| Breakup by Material |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Wires and Cables Market Overview
8.1 Key Industry Highlights
8.2 Global Wires and Cables Historical Market (2018-2023)
8.3 Global Wires and Cables Market Forecast (2024-2032)
8.4 Global Wires and Cables Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Wires and Cables Market Overview
9.1 Key Industry Highlights
9.2 Europe Wires and Cables Historical Market (2018-2023)
9.3 Europe Wires and Cables Market Forecast (2024-2032)
10 Europe Wires and Cables Market by Voltage
10.1 Low Voltage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Medium Voltage
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 High Voltage
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Europe Wires and Cables Market by Product
11.1 Power Cables
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Building Wires
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Flexible Wires and Cables
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 EHV Cables
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Control/Instrumentation Cables
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Europe Wires and Cables Market by Material
12.1 Copper
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Aluminium
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 Europe Wires and Cables Market by End Use
13.1 Construction
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.1.3 Breakup by Type
13.1.3.1 Residential
13.1.3.2 Commercial
13.2 Telecommunications
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Energy and Power
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Automotive
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Aerospace and Defence
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Europe Wires and Cables Market by Country
14.1 Germany
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 United Kingdom
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 France
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Italy
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Value Chain Analysis
17 Trade Data Analysis (HS Code – – 854411, 854419, 854420)
17.1 Major Exporting Countries
17.1.1 By Value
17.1.2 By Volume
17.2 Major Importing Countries
17.2.1 By Value
17.2.2 By Volume
18 Price Analysis
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 Nexans S.A.
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 Prysmian S.p.A.
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Furukawa Electric Co. Ltd.
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Leoni AG
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 KEI Industries Limited
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 Cable Harnesses UK Ltd.
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 Sumitomo Electric Industries, Ltd.
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 Heatsense Cables Limited
19.2.8.1 Company Overview
19.2.8.2 Product Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 Tratos Cavi S.p.A
19.2.9.1 Company Overview
19.2.9.2 Product Portfolio
19.2.9.3 Demographic Reach and Achievements
19.2.9.4 Certifications
19.2.10 Cleveland Cable Company
19.2.10.1 Company Overview
19.2.10.2 Product Portfolio
19.2.10.3 Demographic Reach and Achievements
19.2.10.4 Certifications
19.2.11 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wires and Cables Market: Key Industry Highlights, 2018 and 2032
2. Europe Wires and Cables Market: Key Industry Highlights, 2018 and 2032
3. Europe Wires and Cables Historical Market: Breakup by Voltage (USD Billion), 2018-2023
4. Europe Wires and Cables Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
5. Europe Wires and Cables Historical Market: Breakup by Product (USD Billion), 2018-2023
6. Europe Wires and Cables Market Forecast: Breakup by Product (USD Billion), 2024-2032
7. Europe Wires and Cables Historical Market: Breakup by Material (USD Billion), 2018-2023
8. Europe Wires and Cables Market Forecast: Breakup by Material (USD Billion), 2024-2032
9. Europe Wires and Cables Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. Europe Wires and Cables Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. Europe Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
12. Europe Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. Major Exporting Countries by Value
14. Major Importing Countries by Value
15. Major Exporting Countries by Volume
16. Major Importing Countries by Volume
17. Europe Wires and Cables Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 49.4 billion in 2023.
The market is estimated to grow at a CAGR of 3.2% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 66.1 billion by 2032.
Germany, the United Kingdom, France, and Italy are the major countries explored in the market report.
The key materials are copper, aluminium, and others.
Low voltage, medium voltage, and high voltage are the three types of voltages for wires and cables.
The products include power cables, building wires, flexible wires, and cables, EHV cables, control/instrumentation cables, and others.
The major players in the market are Nexans S.A., Prysmian S.p.A, Furukawa Electric Co. Ltd., Leoni AG, KEI Industries Limited, Cable Harnesses UK Ltd., Sumitomo Electric Industries, Ltd., Heatsense Cables Limited, Tratos Cavi S.p.A, and Cleveland Cable Company, among others.
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