The Europe wires and cables market size reached approximately USD 49.40 Billion in 2024. The market is projected to grow at a CAGR of 3.20% between 2025 and 2034, reaching a value of around USD 67.69 Billion by 2034.
Cable manufacturers in Europe are recognised worldwide technology leaders. Manufacturers are increasingly developing wires and cables in line with the sustainability needs to accelerate the grid build-up and secure European manufacturing capability for a sustainable energy transition for the region. The EU has set interconnectivity targets, which were upgraded to 15% for 2030. This implies that a nation must have sufficient installed cable capacity to export about 15% of the electricity produced by the country's power plants to its neighbours. Such initiatives are significantly aiding the Europe wires and cables market growth.
The telecommunication sector is considered a strategic sector and a key asset to the European economy. In 2022, the European telecom sector witnessed a total investment of EUR 59.1 billion . The telecom sector in Europe is constructing the infrastructures for digital and green transformation while speeding up the technological adoption with 5G, edge computing, cloud, Artificial Intelligence, IoT, and cybersecurity, among others.
Germany is a key player in the European wires and cables market. The presence of renewable energy goals and government support for the transition towards EVs are increasing the demand for wires and cables for power transmission and automotive applications. Moreover, the ongoing Industry 4.0 practices are further necessitating the use of high-tech cables for supporting manufacturing digitisation.
Cable manufacturers in Europe are recognised worldwide technology leaders. Manufacturers are increasingly developing wires and cables in line with the sustainability needs to accelerate the grid build-up and secure European manufacturing capability for a sustainable energy transition for the region. The EU has set interconnectivity targets, which were upgraded to 15% for 2030. This implies that a nation must have sufficient installed cable capacity to export about 15% of the electricity produced by the country's power plants to its neighbours. Such initiatives are significantly aiding the Europe wires and cables market growth.
The telecommunication sector is considered a strategic sector and a key asset to the European economy. In 2022, the European telecom sector witnessed a total investment of EUR 59.1 billion . The telecom sector in Europe is constructing the infrastructures for digital and green transformation while speeding up the technological adoption with 5G, edge computing, cloud, Artificial Intelligence, IoT, and cybersecurity, among others.
Germany is a key player in the European wires and cables market. The presence of renewable energy goals and government support for the transition towards EVs are increasing the demand for wires and cables for power transmission and automotive applications. Moreover, the ongoing Industry 4.0 practices are further necessitating the use of high-tech cables for supporting manufacturing digitisation.
Market Segmentation
Europe Wires and Cables Market Report and Forecast 2025-2034 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 _x000D_ _x000D_ Residential _x000D_ Commercial _x000D_ _x000D_
- Construction _x000D_ _x000D_ Residential _x000D_ Commercial _x000D_ _x000D_
- Telecommunications
- Energy and Power
- Automotive
- Aerospace and Defence
- Others
- Telecommunications
- Energy and Power
- Automotive
- Aerospace and Defence
- Others
Market Breakup by Country
- Germany
- United Kingdom
- France
- Italy
- Others
Competitive Landscape
Manufacturers are increasingly focusing on offering improved products to consumers using advanced materials.- Nexans S.A.
- Prysmian S.p.A.
- Furukawa Electric Co. Ltd.
- Leoni AG
- KEI Industries Limited
- Cable Harnesses UK Ltd.
- Sumitomo Electric Industries, Ltd.
- Heatsense Cables Limited
- Tratos Cavi S.p.A
- Cleveland Cable Company
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Wires and Cables Market Overview
6 Europe Wires and Cables Market Overview
7 Europe Wires and Cables Market by Voltage
8 Europe Wires and Cables Market by Product
9 Europe Wires and Cables Market by Material
10 Europe Wires and Cables Market by End Use
11 Europe Wires and Cables Market by Country
12 Market Dynamics
14 Trade Data Analysis (HS Code - - 854411, 854419, 85442)
16 Competitive Landscape
Companies Mentioned
- Nexans S.A.
- Prysmian S.p.A.
- Furukawa Electric Co. Ltd.
- Leoni AG
- KEI Industries Limited
- Cable Harnesses UK Ltd.
- Sumitomo Electric Industries, Ltd.
- Heatsense Cables Limited
- Tratos Cavi S.p.A
- Cleveland Cable Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 132 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 49.4 Billion |
| Forecasted Market Value ( USD | $ 67.69 Billion |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 10 |
