Copper Wire and Cable Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Type (Wire and Cable); Voltage (Low, Medium, and High); Application (Building Wires, Communication Cables, Co-Axial Cables, Power Cables, and Specialty and Industrial Cables); and Region and Country

Detailed Analysis of COVID-19 Impact on the Copper Wire and Cable Market

Pages:

226

Table:

53

Figure:

119

Report ID:

UMCH21991

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

copper wire and cable market
copper wire and cable market

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The global copper wire and cable market is likely to showcase a growth of around 6% during the forecast period. Globally, 25,300 metric tons of refinery copper produced in 2020 which is further increased to around 26,000 in 2021, according to the United States Geological Survey (USGS). A large amount of copper and copper alloy is used due to its electrical conductivity. For instance, according to Copper Development Association Inc., more than 60% of all copper and copper alloys consumed are used because of electrical conductivity. Wires and cables are among the largest application area of coppers, it is extensively used in building wires, communication cables, co-axial cables, power cables, and specialty and industrial cables. Its high electrical conductivity, ductility, and tensile strength make it an ideal metal in the wire and cable industry. Therefore, the development of new buildings and rapid expansion of communication line activities are taking place, the industry is witnessing increasing demand for copper wires and cables.

Insights Presented in the Report

“Amongst type, cable held a prominent share in the market in 2020”

Based on type, the market is categorized into wire and cable. Among these two, cable accounted for a prominent share in the market owing to its usage in various forms like communication cables, co-axial cables, power cables, and specialty and industrial cables. Further, cables commonly consist of more than one conductor, therefore in areas where more reliability and safety are required. For instance, power cables are used for the transmission and distribution of electricity from power generators to sub-stations and thereon for power supply to end-user segments, such as residential, commercial, and industrial units.

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“Amongst applications, building wire accounted for a significant share in 2020”

Based on application, the market is categorized into building wires, communication cables, co-axial cables, power cables, and specialty and industrial cables. Among these, building wires consist of a significant share in the market owing to the large consumption across the settings including residential, commercial, and industrial. Further, in developing countries like India, where the government is targeting to provide houses and electricity to all, thereby surging the consumption of building wires.

“Asia-Pacific is expected to showcase significant growth during the forecast period”

For a better understanding of the market adoption of copper wire and cable, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and Rest of World. Asia-Pacific accounted for a significant share of the market and is expected to showcase significant growth over the forecast period. This can be ascribed to the vast demographic of the region, increasing urbanization, several governments’ nation energy plans, and increasing energy demand, to name a few.

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country-level analysis of the industry


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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Copper Wire and Cable Market
2.2.Research Methodology of the Copper Wire and Cable Market
2.3.Forecasting Method 
2.4.Respondent Profile 
2.5.Main Objective of the Copper Wire and Cable Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY
5GLOBAL COPPER WIRE AND CABLE MARKET COVID-19 IMPACT
6GLOBAL COPPER WIRE AND CABLE MARKET REVENUE (USD MN), 2019-2027F
7.1.Wire
7.2.Cable
8.1.Low 
8.2.Medium
8.3.High
9.1.Building Wires
9.2.Communication Cables
9.3.Co-axial Cables
9.4.Power Cables
9.5.Specialty and Industrial Cables
10.1.North America Copper Wire and Cable Market 
 10.1.1.The United States
 10.1.2.Canada
 10.1.3.Rest of North America
10.2.Europe Copper Wire and Cable Market 
 10.2.1.Germany
 10.2.2.France
 10.2.3.The United Kingdom
 10.2.4.Italy
 10.2.5.Spain
 10.2.6.Rest of Europe
10.3.Asia-Pacific Copper Wire and Cable Market
 10.3.1.China
 10.3.2.Japan
 10.3.3.India
 10.3.4.Australia
 10.3.5.Rest of Asia-Pacific
10.4.Rest of World Copper Wire and Cable Market 
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12COPPER WIRE AND CABLE MARKET OPPORTUNITIES
13COPPER WIRE AND CABLE MARKET TRENDS
14.1.Demand Side Analysis
14.2.Supply Side Analysis
15VALUE CHAIN ANALYSIS
16.1.Porters Fiver Forces Analysis
17.1.Southwire Company LLC. 
17.2.CommScope Inc.
17.3.Elcowire Group AB
17.4.Hitachi Metals Ltd.
17.5.Luvata 
17.6.Nexans S.A. 
17.7.Ningbo Jintian Copper (Group) Co. Ltd.
17.8.LS Cable & System Ltd.
17.9.Tatung Co.
17.10.Prysmian S.p.A.
18DISCLAIMER

Research Methodology

Research Methodology for Global Copper Wire and Cable Market Analysis (2019-2027)

Analyzing the historical market, estimating the current market, and forecasting the future market of copper wire and cable, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the copper wire and cable industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of copper wire and cable through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the copper wire and cable market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type, voltage, and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of copper wire and cable globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of copper wire and cable. Further, we conducted factor analysis using dependent and independent variables such as change in copper price and performance of end-users. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the copper wire and cable industry.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global copper wire and cable market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of copper wire and cable across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the copper wire and cable market. Also, the growth strategies adopted by these players to compete in the fast-growing market.


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Regions

copper wire and cable market
copper wire and cable market

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global copper wire and cable market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type, voltage, and application.

The main objective of the Copper Wire and Cable market study

The current & future market trends of global copper wire and cable were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of copper wire and cable in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segment in the study include the area of type, voltage, and application
  • Defined analysis of the regulatory framework for the copper wire and cable industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of copper wire and cable for the major countries
  • Major regions/countries analyzed in the report include North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the copper wire and cable market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country-level analysis of the industry

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