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Japan Wires and Cables Market

Japan 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, Aluminum, Others; By End Use: Construction, Others; Competitive Landscape; 2024-2032

Japan Wires and Cables Market Outlook

The Japan wires and cables market size reached USD 17.1 billion in 2023. The market is projected to grow at a CAGR of 3.3% between 2024 and 2032, reaching a value of around USD 23.0 billion by 2032.

 

Key Takeaways

  • In 2021, Japan produced about 1.52 million metric tons of refined copper, a key raw material for wires and cables.
  • Japan is considered a hub for data flow between the US and Asia, stating a significant use of wires and cables for data transmission.
  • More than 20 submarine cables connect directly to Japan, majorly, trunks, between the country and the US or other Asian countries, reinstating Japan’s presence as a data-transit hub.

 

Wires and cables are widely adopted in automobiles in wiring harness assemblies for all passenger performance and race cars, light, medium, heavy, and industrial trucks, among others. The automotive sector of Japan is rapidly growing with 1,381,558 vehicles registered in Q1 2023, an increase of 15% from the previous quarter. The expansion of the automotive sector in Japan is expected to further contribute to the growth of the wires and cables market. Furthermore, Japan is witnessing a growing inclination towards eco-wires and eco-cables that are developed with environmentally friendly materials with a smaller impact on the environment.

 

Additionally, with the expansion of the automobile sector, flexible cables are increasing in demand as they are designed to handle the stress during their assembly process and also the vibrations of moving vehicles.  The trend towards downsizing, weight reduction, and space-saving in various types of equipment is leading to the increased adoption of flexible wires and cables.

 

In June 2021, the United States and Japan collaborated for the development of 5G base stations and undersea cables with several countries, including countries in the Indo-Pacific region, Europe, and South America. Such developments in the telecommunications sector are increasing the demand for wires and cables, further supporting the Japan wires and cables market growth.

 

Japan Wires and Cables Market

 

Market Segmentation

Japan 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

 

Competitive Landscape

There is a growing trend of eco-wires and cables, resulted by increasing concerns regarding environment safety and sustainability.

 

  • Sumitomo Electric Industries, Ltd.
  • Mitsuboshi Co., Ltd
  • ENEOS NUC Corporation
  • Furukawa Electric Co., Ltd
  • TATSUTA Electric Wire & Cable Co., Ltd
  • Hokko Corporation K.K
  • Daiichi Denzai Co., Ltd
  • Oki Electric Industry Co., Ltd. (Oki Electric Cable Co., Ltd.)
  • HI-LEX Corporation
  • J-witex Corporation
  • 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:

  • Voltage
  • Product
  • Material
  • End Use
Breakup by Voltage
  • Low Voltage
  • Medium Voltage
  • High Voltage
Breakup by Product
  • Power Cables
  • Building Wires
  • Flexible Wires and Cables
  • EHV Cables
  • Control/Instrumentation Cables
  • Others
Breakup by Material
  • Copper
  • Aluminum
  • Others
Breakup by End Use
  • Construction
  • Telecommunications
  • Energy and Power
  • Automotive
  • Aerospace and Defence
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Sumitomo Electric Industries, Ltd.
  • Mitsuboshi Co., Ltd.
  • ENEOS NUC Corporation
  • Furukawa Electric Co., Ltd.
  • TATSUTA Electric Wire & Cable Co., Ltd.
  • Hokko Corporation K.K.
  • Daiichi Denzai Co., Ltd.
  • Oki Electric Industry Co., Ltd. (Oki Electric Cable Co., Ltd.)
  • HI-LEX Corporation
  • J-witex Corporation
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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    Asia Pacific Wires and Cables Market Overview

    8.1    Key Industry Highlights
    8.2    Asia Pacific Wires and Cables Historical Market (2018-2023)
    8.3    Asia Pacific Wires and Cables Market Forecast (2024-2032)
9    Japan Wires and Cables Market Overview
    9.1    Key Industry Highlights
    9.2    Japan Wires and Cables Historical Market (2018-2023)
    9.3    Japan Wires and Cables Market Forecast (2024-2032)
10    Japan 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    Japan 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    Japan 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    Aluminum
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Others
13    Japan 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    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code – 854411, 854419, 854420)

    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2    By Volume
17    Price Analysis
18    Competitive Landscape

    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Sumitomo Electric Industries, Ltd.
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Mitsuboshi Co., Ltd.
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3     ENEOS NUC Corporation
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Furukawa Electric Co., Ltd.
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    TATSUTA Electric Wire & Cable Co., Ltd.
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Hokko Corporation K.K.
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Daiichi Denzai Co., Ltd.
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    Oki Electric Industry Co., Ltd. (Oki Electric Cable Co., Ltd.)
            18.2.8.1    Company Overview
            18.2.8.2    Product Portfolio
            18.2.8.3    Demographic Reach and Achievements
            18.2.8.4    Certifications
        18.2.9    HI-LEX Corporation
            18.2.9.1    Company Overview
            18.2.9.2    Product Portfolio
            18.2.9.3    Demographic Reach and Achievements
            18.2.9.4    Certifications
        18.2.10    J-witex Corporation
            18.2.10.1    Company Overview
            18.2.10.2    Product Portfolio
            18.2.10.3    Demographic Reach and Achievements
            18.2.10.4    Certifications
        18.2.11    Others
19    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Asia Pacific Wires and Cables Market: Key Industry Highlights, 2018 and 2032
2.    Japan Wires and Cables Market: Key Industry Highlights, 2018 and 2032
3.    Japan Wires and Cables Historical Market: Breakup by Voltage (USD Billion), 2018-2023
4.    Japan Wires and Cables Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
5.    Japan Wires and Cables Historical Market: Breakup by Product (USD Billion), 2018-2023
6.    Japan Wires and Cables Market Forecast: Breakup by Product (USD Billion), 2024-2032
7.    Japan Wires and Cables Historical Market: Breakup by Material (USD Billion), 2018-2023
8.    Japan Wires and Cables Market Forecast: Breakup by Material (USD Billion), 2024-2032
9.    Japan Wires and Cables Historical Market: Breakup by End Use (USD Billion), 2018-2023
10.    Japan Wires and Cables Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11.    Major Exporting Countries by Value
12.    Major Importing Countries by Value
13.    Major Exporting Countries by Volume
14.    Major Importing Countries by Volume
15.    Japan Wires and Cables Market Structure

Key Questions Answered in the Report

The market reached a value of around USD 17.1 billion in 2023.

The market is estimated to grow at a CAGR of 3.3% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 23 billion by 2032.

The major drivers of the market include the increasing construction activities, expanding automotive manufacturing, rapid infrastructure development, and the growing telecommunication sector.

The products include power cables, building wires, flexible wires and cables, EHV cables, control/instrumentation cables, and others.

Low voltage, medium voltage, and high voltage are the different types of voltages for wires and cables.

The key materials are copper, aluminium, and others.

The major players in the market are Sumitomo Electric Industries, Ltd., Mitsuboshi Co., Ltd, ENEOS NUC Corporation, Furukawa Electric Co., Ltd, TATSUTA Electric Wire & Cable Co., Ltd, Hokko Corporation K.K, Daiichi Denzai Co., Ltd, Oki Electric Industry Co., Ltd. (Oki Electric Cable Co., Ltd.), HI-LEX Corporation, and J-witex Corporation, among others.

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