This report describes and evaluates the global aluminium wires market. It covers three five-year periods including, 2016-2021, termed the historic period, 2021-2026 forecast period and 2026-2031 forecast period.
The global aluminium wires market reached a value of nearly $53,337.7 million in 2021, having increased at a compound annual growth rate (CAGR) of 2.58% since 2016. The market is expected to grow from $53,337.7 million in 2021 to $62,078.3 million in 2026 at a rate of 3.08%. The market is then expected to grow at a CAGR of 3.13% from 2026 and reach $72,410.2 million in 2031.
Growth in the historic period resulted from a rise in electricity consumption, growth in the automobile industry and growth in emerging economies. Factors that restrained the growth of the aluminium wires market in the historic period included volatile metal prices and regulatory challenges.
Going forward, growing popularity of ethernet, growing medical devices industry and renewal of power transmission networks will drive the market growth. Factors that could hinder the growth of the aluminium wires market in the future include reduction in free trade and availability of substitute products
The aluminium wires market is segmented by product into enameled, paper insulated, fiber glass insulated, nomex insulated, mica insulated, and cotton insulated. The enameled market was the largest segment of the aluminium wires market segmented by product, accounting for 47.7% of the total in 2021. Going forward, the paper insulated market is expected to be the fastest growing segment in the aluminium wires market segmented by product, at a CAGR of 4.2% during 2021-2026.
The aluminium wires market is also segmented by grade into electrical, alloy, and mechanical. The mechanical market was the largest segment of the aluminium wires market segmented by grade, accounting for 60.1% of the total in 2021. Going forward, the electrical segment is expected to be the fastest growing segment in the aluminium wires market segmented by grade, at a CAGR of 3.8% during 2021-2026.
The aluminium wires market is also segmented by end-user into aerospace, railways, other transportation, buildings & construction, energy, robotics, packaging, and other end users. The buildings & construction end-user market was the largest segment of the aluminium wires market segmented by end-user, accounting for 26.0% of the total in 2021. Going forward, the robotics end-user segment is expected to be the fastest growing segment in the aluminium wires market segmented by end-user, at a CAGR of 4.1% during 2021-2026.
Asia Pacific was the largest region in the global aluminium wires market, accounting for 44.2% of the total in 2021. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the aluminium wires market will be Middle East, and Asia Pacific where growth will be at CAGRs of 3.64% and 3.56% respectively. These will be followed by the Africa, and South America where the markets are expected to grow at CAGRs of 3.28% and 3.06% respectively, during 2021-2026.
The aluminium wires market is highly fragmented, with a large number of small players. The top ten competitors in the market constituted 5.16% of the total market in 2020. Major players in the market include United Company RUSAL Plc, Vedanta Resources Limited, Novametal SA, Grupo General Cable Sistemas, S.L., and Alro S.A.
The top opportunities in the aluminium wires market segmented by product will arise in the paper insulated segment, which will gain $5,216.6 million of global annual sales by 2026. The top opportunities in the aluminium wires market segmented by grade will arise in the mechanical segment, which will gain $5,002.2 million of global annual sales by 2026. The top opportunities in the aluminium wires market segmented by end-user will arise in the buildings & construction segment, which will gain $2,472.6 million of global annual sales by 2026. The aluminium wires market size will gain the most in the China at $2,293.5 million.
Market-trend-based strategies for the aluminium wires market include developing the latest products to keep up with the competition, adopting strategic agreements or acquiring other companies to expand the market, focusing on new technology and increasing investments to enhance the production capacities.
Player-adopted strategies in the aluminium wires market include expanding the product portfolio through the launching of new innovative products and strengthening the business operations through various acquisitions.
To take advantage of the opportunities, the publisher reccomends that aluminium wires companies to focus on new product launches, adopt new technologies such as 3D printing, focus on increasing investments, expand in emerging markets, and outsource activities to low-cost countries to save costs, offer competitive pricing, leverage social media and target construction companies, construction contractors and aerospace companies.
The global aluminium wires market reached a value of nearly $53,337.7 million in 2021, having increased at a compound annual growth rate (CAGR) of 2.58% since 2016. The market is expected to grow from $53,337.7 million in 2021 to $62,078.3 million in 2026 at a rate of 3.08%. The market is then expected to grow at a CAGR of 3.13% from 2026 and reach $72,410.2 million in 2031.
Growth in the historic period resulted from a rise in electricity consumption, growth in the automobile industry and growth in emerging economies. Factors that restrained the growth of the aluminium wires market in the historic period included volatile metal prices and regulatory challenges.
Going forward, growing popularity of ethernet, growing medical devices industry and renewal of power transmission networks will drive the market growth. Factors that could hinder the growth of the aluminium wires market in the future include reduction in free trade and availability of substitute products
The aluminium wires market is segmented by product into enameled, paper insulated, fiber glass insulated, nomex insulated, mica insulated, and cotton insulated. The enameled market was the largest segment of the aluminium wires market segmented by product, accounting for 47.7% of the total in 2021. Going forward, the paper insulated market is expected to be the fastest growing segment in the aluminium wires market segmented by product, at a CAGR of 4.2% during 2021-2026.
The aluminium wires market is also segmented by grade into electrical, alloy, and mechanical. The mechanical market was the largest segment of the aluminium wires market segmented by grade, accounting for 60.1% of the total in 2021. Going forward, the electrical segment is expected to be the fastest growing segment in the aluminium wires market segmented by grade, at a CAGR of 3.8% during 2021-2026.
The aluminium wires market is also segmented by end-user into aerospace, railways, other transportation, buildings & construction, energy, robotics, packaging, and other end users. The buildings & construction end-user market was the largest segment of the aluminium wires market segmented by end-user, accounting for 26.0% of the total in 2021. Going forward, the robotics end-user segment is expected to be the fastest growing segment in the aluminium wires market segmented by end-user, at a CAGR of 4.1% during 2021-2026.
Asia Pacific was the largest region in the global aluminium wires market, accounting for 44.2% of the total in 2021. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the aluminium wires market will be Middle East, and Asia Pacific where growth will be at CAGRs of 3.64% and 3.56% respectively. These will be followed by the Africa, and South America where the markets are expected to grow at CAGRs of 3.28% and 3.06% respectively, during 2021-2026.
The aluminium wires market is highly fragmented, with a large number of small players. The top ten competitors in the market constituted 5.16% of the total market in 2020. Major players in the market include United Company RUSAL Plc, Vedanta Resources Limited, Novametal SA, Grupo General Cable Sistemas, S.L., and Alro S.A.
The top opportunities in the aluminium wires market segmented by product will arise in the paper insulated segment, which will gain $5,216.6 million of global annual sales by 2026. The top opportunities in the aluminium wires market segmented by grade will arise in the mechanical segment, which will gain $5,002.2 million of global annual sales by 2026. The top opportunities in the aluminium wires market segmented by end-user will arise in the buildings & construction segment, which will gain $2,472.6 million of global annual sales by 2026. The aluminium wires market size will gain the most in the China at $2,293.5 million.
Market-trend-based strategies for the aluminium wires market include developing the latest products to keep up with the competition, adopting strategic agreements or acquiring other companies to expand the market, focusing on new technology and increasing investments to enhance the production capacities.
Player-adopted strategies in the aluminium wires market include expanding the product portfolio through the launching of new innovative products and strengthening the business operations through various acquisitions.
To take advantage of the opportunities, the publisher reccomends that aluminium wires companies to focus on new product launches, adopt new technologies such as 3D printing, focus on increasing investments, expand in emerging markets, and outsource activities to low-cost countries to save costs, offer competitive pricing, leverage social media and target construction companies, construction contractors and aerospace companies.
Table of Contents
1. Aluminium Wires Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Aluminium Wires Market Characteristics
8. Aluminium Wires Market Trends And Strategies
9. COVID-19 Impact On The Aluminium Wires Market
10. Global Aluminium Wires Market Size And Growth
11. Global Aluminium Wires Market Segmentation
12. Aluminium Wires Market, Regional And Country Analysis
13. Asia-Pacific Aluminium Wires Market
14. Western Europe Aluminium Wires Market
15. Eastern Europe Aluminium Wires Market
16. North America Aluminium Wires Market
17. South America Aluminium Wires Market
18. Middle East Aluminium Wires Market
19. Africa Aluminium Wires Market
20. Global Aluminium Wires Market Competitive Landscape
21. Aluminium Wires Market Mergers And Acquisitions
22. Aluminium Wires Market Opportunities And Strategies
23. Aluminum Wires Market, Conclusions And Recommendations
24. Appendix
Executive Summary
Aluminium Wires Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global aluminium wires market as it emerges from the COVID-19 shut down.
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Description:
Where is the largest and fastest growing market for aluminium wires? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The aluminium wires market global report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider aluminium wires market; and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by geography, by product, by grade and by end-user covered in this report.
- Market Characteristics - The market characteristics section of the report defines and explains the aluminium wires market. This chapter also defines and describes goods and related services covered in the report.
- Trends And Strategies - This chapter describes the major trends shaping the global aluminium wires market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact Of COVID-19 - This chapter discusses the impact of COVID-19 on the aluminium wires market.
- Global Market Size And Growth - This section contains the global historic (2016-2021) and forecast (2021-2026) market value, and drivers and restraints that support and control the growth of the market in the historic and forecast period.
- Regional Analysis - This section contains the historic (2016-2021), forecast (2021-2026) market value, and growth and market share comparison by region.
- Segmentation - This section contains the market value (2015-2016, 2026F, 2031F) and analysis for different segments.
- Regional Market Size and Growth - This section contains the region’s market size (2021), historic (2016-2021), and forecast (2021-2026) market value, and growth and market share comparison of major countries within the region. Industry metrics covered in this section include: per capita average expenditure, number of enterprises and average revenue per enterprise, and number of employees and average revenue per employee. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa) and specific countries (China, India, Japan, UK, USA).
- Competitive Landscape - This section covers details on the competitive landscape of the global aluminium wires market, estimated market shares and company profiles for the leading players.
- Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is the significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for aluminium wires providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- By Product: Enameled; Paper Insulated; Fiber Glass Insulated; Nomex Insulated; Mica Insulated; Cotton Insulated
- By Grade: Electrical; Alloy; Mechanical
- By End User: Aerospace; Railways; Other Transportation; Buildings And Construction; Energy; Robotics; Packaging; Other End Users
Companies Mentioned:
United Company RUSAL Plc; Vedanta Resources Limited; Novametal SA; Grupo General Cable Sistemas, S.L.; Alro S.A.
Countries:
China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series:
Five years historic and ten years forecast.
Data:
Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; aluminium wires indicators comparison.
Data segmentations:
country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- United Company RUSAL Plc
- Vedanta Resources Limited
- Novametal SA
- Grupo General Cable Sistemas, S.L.
- Alro S.A.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 279 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 53337.7 Million |
| Forecasted Market Value ( USD | $ 72410.2 Million |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
