USD 30.0 billion
Europe Wire and Cable Market Size, Share, Growth Analysis, By Product(Coaxial Cables/Electronic Wires, Fiber Optics Cables, Power Cables, Signal & Control Cable), By End-user(Aircraft, Transportation, Medical, Marine), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR50A2022 |
Region:
Regional |
Published Date: April, 2024
Pages:
177
|Tables:
67
|Figures:
75
Europe Wire and Cable Market Insights
Europe Wire and Cable Market size was valued at USD 30.0 billion in 2022 and is poised to grow from USD 31.80 billion in 2022 to USD 50.68 billion by 2031, growing at a CAGR of 6 % in the forecast period (2024-2031).
The European wire and cable market is experiencing steady growth, driven by increasing demand across various sectors. This growth is primarily attributed to the rising infrastructure development projects, technological advancements, and the need for efficient energy transmission and data communication.
Companies operating in this market are focusing on innovation and product development to meet evolving customer requirements and environmental regulations.
Additionally, the transition toward renewable energy sources and the expansion of electric vehicle charging infrastructure are contributing to the market's expansion. Competition is intensifying as both established players and new entrants vie for market share, fostering an environment of innovation and efficiency improvement within the industry.
Overall, the European wire and cable market is poised for continued growth in the foreseeable future.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Transportation
Fastest Growth
Medical
Growth Rate
6% CAGR
Europe Wire and cable market ($ Bn)
Country Share for Germany Region (%)
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Europe Wire and Cable Market Segmental Analysis
The Europe Wire and Cable Market is segmented on the basis of Product, end-user, and region. Based on product the market is segmented as Coaxial Cables/Electronic Wires, Fiber Optics Cables, Power Cables, Signal & Control Cable, Telecom & Data Cables. Based on end-user, it is segregated into Aircraft, Transportation, Medical, Marine, and Construction. Based on region, the market is segmented into Germany, France, Spain, and Italy.
Analysis by Product
Fiber Optics Cables stand as the dominating product in the global market. Their increasing prevalence in high-speed data transmission applications, telecommunications, and data centers has driven their widespread adoption. Fiber optics offer significant advantages in terms of speed and bandwidth, making them a preferred choice for modern communication networks.
However, Power Cables are the fastest-growing product in the global market. This growth is primarily attributed to the increasing demand for power infrastructure, renewable energy projects, and the electrification of transportation. As the world focuses on sustainable energy solutions and expands its electrical grid, the demand for high-capacity power cables is on the rise, driving this product's rapid growth.
Analysis by End-user
The transportation quarter would be the dominating give up-user inside the global cord and cable market. This dominance is attributed to the sizable network of railways, car production, and urban transit structures internationally, all of which require a massive amount of wiring and cabling for various applications.
However, the scientific area is the fastest developing quit-user in the international cord and cable market. This growth is propelled by using the growing demand for scientific devices and systems, along with diagnostic equipment, imaging systems, and patient monitoring gadgets, which depend closely on advanced wiring and cabling technologies to beautify healthcare offerings and effects. Additionally, the worldwide healthcare enterprise's emphasis on digitalization and telemedicine similarly speeds up the demand for specialised wires and cables in this area.
Europe Wire and cable market by End-user
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Europe Wire and Cable Market Regional Insights
Germany is the dominating vicinity within the global market for twine and cable products. It holds a sturdy position due to its sturdy business base, superior technology, and an incredibly evolved infrastructure quarter, making it a prime hub for wire and cable demand.
However, Spain is rising as the fastest-growing area within the international wire and cable marketplace. This growth is mainly attributed to substantial infrastructure investments, renewable energy tasks, and the expansion of high-speed internet and telecommunications networks. Spain's strategic vicinity and favorable authorities rules are attracting significant investments, positioning it for speedy market expansion.
Europe Wire and cable market by Region
- Largest
- Fastest
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Europe Wire and Cable Market Dynamics
Drivers
Technological Advancements
- One predominant marketplace motive force is the continuous advancement in wire and cable technology. Innovations consisting of excessive-overall performance materials, advanced insulation, and stronger transmission talents are called for. These innovations are crucial in meeting the evolving requirements of industries like telecommunications, renewable electricity, and electric vehicles.
Restraints
Volatile Raw Material Prices
- An enormous restraint within the wire and cable market is the volatility in uncooked fabric fees, mainly copper and aluminum. Fluctuations in those commodity charges can impact production prices and profit margins for wire and cable producers. Companies regularly face demanding situations in managing and mitigating the results of these rate fluctuations on their operations and pricing strategies.
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Europe Wire and Cable Market Competitive Landscape
The aggressive landscape in the Europe cord and cable marketplace is characterised with the aid of a numerous array of gamers, ranging from established industry giants to niche manufacturers and new entrants. Companies on this marketplace compete based on factors along with product innovation, first-rate, pricing techniques, and geographic attain.
Technological advancements and a developing emphasis on sustainability have triggered players to invest in studies and improvement, leading to a continuous circulation of latest merchandise and answers.
Additionally, strategic partnerships and mergers and acquisitions are commonplace techniques hired through market participants to beautify their marketplace presence and make their product portfolios. This dynamic and aggressive environment fosters innovation and drives the industry forward in response to evolving customer needs and regulatory needs.
Top Player’s Company Profiles
- TH Group (US)
- Prysmian Group (Italy)
- HELUKABEL GmbH (Germany)
- Nexans (France)
- SAB Bröckskes GmbH & Co. KG (Germany)
- Sumitomo Electric Industries Limited (Japan)
- Hellenic Group (Greece)
- NKT A/S (Denmark)
- Belden Inc (US)
- LS Cable & System Ltd. (South Korea)
- Tecnikabel SpA (Italy)
- Furukawa Electric Co., Ltd. (Japan)
- TFKable (Poland)
- CommScope (US)
- Studer Cables AG (Switzerland)
- Lapp Group (Germany)
- Elsewedy Electric (Egypt)
- Viakon (Mexico)
- Shawcor (Canada)
- Waskönig & Walter (Germany)
Recent Developments
- In April 2024, Mega Metal, a key player in the global value-added copper wire industry, participated in Wire Fair, one of the premier events in the worldwide wire and cable industry. Holding over 70 percent market dominance as Europe's largest and most robust manufacturer of fine and superfine copper wire, Mega Metal is committed to preserving its prominent market position through participation in such fairs, where it showcases its innovative product offerings.
- In March 2024, Hydro and Nordic power cable provider, NKT, forged a strategic partnership aimed at creating a top-tier, low-carbon aluminum power cable value chain to support the expansion of Europe's renewable energy grid.
- In May 2023, ICC stands out as one of the rare companies globally capable of producing Card Clothing designed to process all types of fibers, whether natural or synthetic, on any kind of carding machine, including both conventional and super high-production models.
Europe Wire and Cable Key Market Trends
- Electrification of Transportation : A good sized marketplace trend is the accelerating electrification of transportation. With a growing emphasis on sustainability and environmental issues, there may be a growing demand for cord and cable answers to support electric powered motors (EVs), charging infrastructure, and public transportation electrification. This trend is driving the improvement of specialized cables designed for excessive-electricity transmission, making sure a sturdy and green EV charging community and furthering the adoption of electric mobility across Europe.
Europe Wire and Cable Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to Europe Wire and Cable Marketplace analysis, the marketplace has established resilience and adaptability inside the face of evolving industry dynamics. The marketplace is propelled by factors together with technological improvements, increasing infrastructure tasks, and the transition toward renewable electricity sources.
Germany stays under a dominant pressure inside the location, leveraging its commercial prowess and innovation skills. However, Spain is emerging as an unexpectedly developing participant, driven by using vast infrastructure investments and the enlargement of telecommunications networks.
Looking in advance, the European wire and cable market is poised for sustained growth. Continued technological improvements will play a pivotal position in meeting the evolving needs of diverse industries. As Europe intensifies its efforts towards a greener economy, wire and cable producers will enjoy extended demand for solutions tailor-made to renewable power initiatives and electric cars.
Additionally, regulatory initiatives promoting strength efficiency and sustainability will probably shape product development and marketplace techniques. Collaborations, mergers, and acquisitions are expected to preserve reshaping the aggressive landscape, fostering innovation, and improving marketplace competitiveness.
Overall, the European wire and cable marketplace is set to navigate these demanding situations and possibilities with agility, ensuring its relevance and significance within the future.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 30.0 billion |
| Market size value in 2031 | USD 50.68 billion |
| Growth Rate | 6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Europe Wire and Cable Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Europe Wire and Cable Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Europe Wire and Cable Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Europe Wire and Cable Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe Wire and Cable Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Europe Wire and Cable Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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