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Global Wires and Cables Market Size, Growth, Forecast: By Voltage: Low Voltage, Medium and High Voltage, Optical Fibre; By Material: Copper, Aluminium, Glass, Others; By End Use: Building and Construction, Aerospace and Defence, Oil and Gas, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Wires and Cables Market Size
The global wires and cables market reached a value of USD 275.62 billion in 2023 and is expected to grow at a CAGR of 3.5% over the forecast period of 2024-2032.
The main factors driving the growth of the industry are rising urbanization and the rapidly growing building infrastructure. These have influenced commercial, residential, industrial energy, and power demand.
Wires and Cables Market Report Snapshots
Wires and Cables Market Analysis
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wires and Cables Market Analysis
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 by Voltage
8.4.1 Low Voltage
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Medium and High Voltage
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Optical Fibre
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Wires and Cables Market by Material
8.5.1 Copper
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Aluminium
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Glass
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Wires and Cables Market by End Use
8.6.1 Building and Construction
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Aerospace and Defence
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Oil and Gas
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 IT and Telecommunication
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Energy and Power
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Wires and Cables Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Wires and Cables Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Wires and Cables Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Wires and Cables Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Wires and Cables Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Wires and Cables Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 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 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Belden Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Furukawa Electric Co., Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Hitachi Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 KEI Industries Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Leoni AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 LS Cable & System Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Nexans S.A.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Prysmian S.p.A
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Sumitomo Electric Industries, Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 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. Global Wires and Cables Historical Market: Breakup by Voltage (USD Billion), 2018-2023
3. Global Wires and Cables Market Forecast: Breakup by Voltage (USD Billion), 2024-2032
4. Global Wires and Cables Historical Market: Breakup by Material (USD Billion), 2018-2023
5. Global Wires and Cables Market Forecast: Breakup by Material (USD Billion), 2024-2032
6. Global Wires and Cables Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Wires and Cables Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Wires and Cables Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Wires and Cables Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Wires and Cables Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Wires and Cables Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Wires and Cables Market Structure
Key Questions Answered in the Report
The global wires and cables market reached a value of USD 275.62 billion in 2023.
The market is expected to grow at a CAGR of about 3.5% in the forecast period of 2024-2032.
The industry is expected to expand in the forecast period to reach USD 375.64 billion by 2032.
The major drivers of the market, such as rising disposable incomes, rising urbanisation, and the rapidly growing building infrastructure, are expected to aid the industry growth.
The increased investments in smart grids and power transmission and distribution systems is expected to define the market growth in the coming years.
North America, Latin America, Middle East and Africa, Europe, Asia Pacific are the major regions in the market.
The major voltage segments in the market are low voltage, medium and high voltage, and optical fibre.
The leading materials of wires and cables in the industry are copper, aluminium, and glass, among others.
The major end-use segments in the industry are building and construction, aerospace and defence, oil and gas, IT and telecommunication, and energy and power, among others.
The major players in the market are Belden Inc., Furukawa Electric Co., Ltd., Hitachi Ltd., KEI Industries Limited, Leoni AG, LS Cable & System Ltd., Nexans S.A., Prysmian S.p.A, and Sumitomo Electric Industries, Ltd., among others.
Analyst Review
The global wires and cables market attained a value of USD 275.62 billion in 2023, driven by the rapidly growing building infrastructure. It is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.5%. The industry is projected to be driven by the increased investments in smart grids and power transmission and distribution systems.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of voltage, the market is divided into low voltage, medium and high voltage, and optical fibre. Based on the materials, the industry is divided copper, aluminium, glass, and others. On the basis of end use, the market is divided into building and construction, aerospace and defence, oil and gas, it and telecommunication, energy and power, and others. The major regional markets for wires and cables are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. The key players in the above industry include Belden Inc., Furukawa Electric Co., Ltd., Hitachi Ltd., KEI Industries Limited, Leoni AG, LS Cable & System Ltd., Nexans S.A., Prysmian S.p.A, and Sumitomo Electric Industries, Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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