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North America Wire and Cable Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type and End Use Industry

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    Report

  • 93 Pages
  • October 2022
  • Region: North America
  • The Insight Partners
  • ID: 5689669
UP TO OFF until Mar 31st 2024
The wire and cable market in North America is expected to grow from US$ 27,373.43 million in 2022 to US$ 39,405.04 million by 2028. It is estimated to grow at a CAGR of 6.3% from 2022 to 2028.

Increasing Adoption of Wire and Cable in Aircraft Industry

Thin, flexible, and durable wire ropes known as aircraft wire and cable are used to maintain the electrical network installed in aircraft. Copper and stainless steel metals and alloys with high strength, long durability, and good electrical conductivity are used in the production of aircraft wire and cable. The increased need for new aircraft and the durability and adaptability of these cables considerably boost market expansion. Moreover, commercial aircraft employ adaptable, lightweight wires and cables for the lighting and flight control systems. During navigation and landing, high-frequency aircraft cables are used for radio data transmission and air traffic management. Therefore, aircraft cables are flame-resistant. Moreover, in-flight entertainment applications for passengers also employ data bus wires. In addition, because of cheap plane tickets and the reduction in travel time during the past few years, more people have taken to flying. The wire and cable market is expected to grow exponentially in the upcoming years due to the existence of stringent regulations that encourage the replacement of strands regularly and an increase in the number of companies in the civil aviation industry. The need for electrification of aircraft by the civil & defense aviation industries has increased due to a growth in the aircraft industry's contribution to air pollution and the expanding number of nations vowing to attain the level of zero carbon emission by 2050. Thus, the rising adoption of wire and cable in the aircraft industry is driving the demand for wire and cable.

Market Overview

North America hosts some of the leading technology giants and providers of cabling and connectivity solutions for industrial, commercial, and residential applications. Companies such as Carl Stahl Sava Industries, Elliott Manufacturing, and Bergen Cable Technology are providing a wide range of wires and cables for the healthcare, automotive, construction and other end use industry verticals. Growing demands for copper cable, fiber cable and technologically advanced connectivity solutions is propelling the market growth in North America. Rising demands for wire and cables for applications such as local area networks, data centers, access control, home and building automation is encouraging the market players to design and develop innovative end-to-end copper and fiber network systems such as cable, assemblies, interconnect panels, and enclosures. Growth in ethernet technologies that can deliver data and meet the higher performance requirements in smart buildings along with advancements in intelligent power, cooling, and airflow management for mission-critical data center operations is also bolstering the market growth in the US, Canada, and Mexico. The US is leading in high performance networking and machine connectivity in the Industrial sector. Consumers are increasingly demanding products that provide reliability and confidence of performance for a wide range of industrial automation applications. Furthermore, the rapidly expanding communication and increasing investments in modernization of power and grid infrastructures is anticipated to stimulate the growth of wire and cables market in North America. Further, government investments in this field is further accelerating the market growth. For instance, in March 2021 the US government introduced a US $2 trillion plan for the upgradation of the nation’s infrastructure, with an aim to create the most resilient, innovative economy in the world. The plan further includes 20,000 miles of rebuilt roads, repairs to the 10 important bridges, and projects to build a more resilient electricity transmission system to achieve carbon-free electricity generation by 2035. Such initiatives are likely to provide a significant boost to the regional wire and cables market growth.

North America Wire and Cable Market Segmentation

The North America wire and cable market is segmented into type, end use industry, and country. Based on type, the market is segmented into cable, wire, and push-pull controls. The wire segment registered the largest market share in 2022.
  • Based on end use industry, the North America wire and cable market is segmented into aircraft, transportation, medical, marine, and construction. The transportation segment registered the largest market share in 2022.
  • Based on country, the market is segmented into US, Canada, and Mexico. US dominated the market share in 2022.
ASK Automotive Pvt. Ltd., Bergen Cable Technology, Carl Stahl Sava Industries, Elliott Manufacturing, and Lexo Cable are the leading companies operating in the wire and cable market in the region.
Frequently Asked Questions about the North American Wire and Cable Market

What is the estimated value of the North American Wire and Cable Market?

The North American Wire and Cable Market was estimated to be valued at $27373.43 Million in 2022.

What is the growth rate of the North American Wire and Cable Market?

The growth rate of the North American Wire and Cable Market is 6.3%, with an estimated value of $39405.04 Million by 2028.

What is the forecasted size of the North American Wire and Cable Market?

The North American Wire and Cable Market is estimated to be worth $39405.04 Million by 2028.

Who are the key companies in the North American Wire and Cable Market?

Key companies in the North American Wire and Cable Market include ASK Automotive Pvt. Ltd., Bergen Cable Technology, Carl Stahl Sava Industries, Elliott Manufacturing and Lexo Cable.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Wire and Cable Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Wire and Cable Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Electric Vehicles
5.1.2 Increasing Adoption of Wire and Cable in Aircraft Industry
5.2 Market Restraints
5.2.1 Volatility in Raw Material Prices
5.3 Market Opportunities
5.3.1 Rising Adoption of Wire and Cable in Medical Industry
5.4 Future Trends
5.4.1 Growth in Industry 4.0 Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Wire and Cable Market - North America Market Analysis
6.1 North America Wire and Cable Market Overview
6.2 North America Wire and Cable Market Forecast and Analysis
7. North America Wire and Cable Market Analysis - By Type
7.1 Overview
7.2 North America Wire and Cable Market, By Type (2021 And 2028)
7.3 Cable
7.3.1 Overview
7.3.2 Cable: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
7.3.3 Safety Cable
7.3.4 Overview
7.3.5 Safety Cable: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
7.3.6 Control Cable
7.3.7 Overview
7.3.8 Control Cable: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
7.4 Wire
7.4.1 Overview
7.4.2 Wire: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
7.5 Push-Pull Controls
7.5.1 Overview
7.5.2 Push-Pull Controls: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
8. North America Wire and Cable Market Analysis - By End Use Industry
8.1 Overview
8.2 North America Wire and Cable Market, By End Use Industry (2021 And 2028)
8.3 Aircraft
8.3.1 Overview
8.3.2 Aircraft: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
8.3.3 Conventional Aircraft
8.3.4 Overview
8.3.5 Conventional Aircraft: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
8.3.6 EVTOL Aircraft
8.3.7 Overview
8.3.8 EVTOL Aircraft: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
8.4 Transportation
8.4.1 Overview
8.4.2 Transportation: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
8.5 Medical
8.5.1 Overview
8.5.2 Medical: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
8.6 Marine
8.6.1 Overview
8.6.2 Marine: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
8.7 Construction
8.7.1 Overview
8.7.2 Construction: Wire and Cable Market Revenue and Forecast To 2028 (US$ Million)
9. North America Wire and Cable Market - Country Analysis
9.1 Overview
9.1.1 North America Wire and Cable Market Breakdown, by Country
9.1.1.1 US Wire and Cable Market, Revenue and Forecast to 2028
9.1.1.1.1 US Wire and Cable Market Breakdown, By Type
9.1.1.1.2 US Wire and Cable Market Breakdown, By End Use Industry
9.1.1.2 Canada Wire and Cable Market, Revenue and Forecast to 2028
9.1.1.2.1 Canada Wire and Cable Market Breakdown, By Type
9.1.1.2.2 Canada Wire and Cable Market Breakdown, By End Use Industry
9.1.1.3 Mexico Wire and Cable Market, Revenue and Forecast to 2028
9.1.1.3.1 Mexico Wire and Cable Market Breakdown, By Type
9.1.1.3.2 Mexico Wire and Cable Market Breakdown, By End Use Industry
10. Industry Landscape
10.1 Market Initiative
10.2 Merger and Acquisition
10.3 New Development
11. Company Profiles
11.1 ASK Automotive Pvt. Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Carl Stahl Sava Industries
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Elliott Manufacturing
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Bergen Cable Technology
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Lexo Cable
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Word Index
List of Tables
Table 1. North America Wire and Cable Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Wire and Cable Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 3. US Wire and Cable Market, Revenue and Forecast to 2028 - By Type (US$ Million)
Table 4. US: Wire and Cable Market, by Cable - Revenue and Forecast to 2028 (US$ Million)
Table 5. US Wire and Cable Market, Revenue and Forecast to 2028 - By End Use Industry (US$ Million)
Table 6. US: Wire and Cable Market, by Aircraft - Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Wire and Cable Market, Revenue and Forecast to 2028 - By Type (US$ Million)
Table 8. Canada: Wire and Cable Market, by Cable - Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Wire and Cable Market, Revenue and Forecast to 2028 - By End Use Industry (US$ Million)
Table 10. Canada: Wire and Cable Market, by Aircraft- Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Wire and Cable Market, Revenue and Forecast to 2028 - By Type (US$ Million)
Table 12. Mexico: Wire and Cable Market, by Cable - Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Wire and Cable Market, Revenue and Forecast to 2028 - By End Use Industry (US$ Million)
Table 14. Mexico: Wire and Cable Market, by Aircraft - Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
List of Figures
Figure 1. North America Wire and Cable Market Segmentation
Figure 2. North America Wire and Cable Market Segmentation - By Country
Figure 3. North America Wire and Cable Market Overview
Figure 4. Wire Segment held the Largest Share of Wire and Cable Market
Figure 5. US to Show Great Traction During Forecast Period
Figure 6. North America- PEST Analysis
Figure 7. Ecosystem Analysis: Wire and Cable Market
Figure 8. Expert Opinion
Figure 9. North America Wire and Cable Market: Impact Analysis of Drivers and Restraints
Figure 1. North America Wire and Cable Market Forecast and Analysis (US$ Million)
Figure 1. North America Wire and Cable Market, By Type (2021 and 2028)
Figure 1. North America Cable: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 1. North America Safety Cable: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 1. North America Control Cable: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 1. North America Wire: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 1. North America Push-Pull Controls: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 1. North America Wire and Cable Market, By End Use Industry (2021 and 2028)
Figure 1. North America Aircraft: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 1. North America Conventional Aircraft: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America EVTOL Aircraft: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Transportation: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Medical: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Marine: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Construction: Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Wire and Cable Market, by Key Country - Revenue (2021) (US$ Million)
Figure 26. North America Wire and Cable Market Breakdown, by Country, 2021 & 2028 (%)
Figure 27. US Wire and Cable Market, Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada Wire and Cable Market, Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico Wire and Cable Market, Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ASK Automotive Pvt. Ltd.
  • Bergen Cable Technology
  • Carl Stahl Sava Industries
  • Elliott Manufacturing
  • Lexo Cable