Market Overview:
The global electric wire rods market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric wire rods in conductors and cables, mechanical applications, and deoxidization applications. North America is expected to lead the market during the forecast period owing to the presence of key players in this region and rising demand for electric wire rods from end-use industries such as automotive, construction, and energy. Asia Pacific is projected to be the fastest-growing region during the forecast period due to rapid industrialization and growing demand for electric wire rods from end-use industries such as automotive, construction, electronics & appliances, and transportation.
Product Definition:
Electric wire rods are used to make electrical wiring. The importance of electric wire rods is that they provide a safe and effective way to transfer electricity through wires.
Electrical:
Electrical wires and rods are used in different end-use applications such as power generation, transmission & distribution, household electrical appliances, automotive industry. Electrical wires and rods both are of two types: Carbon Steel (CS) and Aluminum (Al). CS has higher share in the global market due to its low cost which is a major factor for the growth of this segment.
Mechanical:
Mechanical is a property of matter or energy by which it can be moved or acted upon by another body without any apparent force. It is the resistance offered to change in shape, size, or temperature. In other words, mechanical properties are inherent characteristics of materials and their reactions on impact with other material.
It's important to understand that there are two types of mechanical properties: Hard & Soft (elasticity & viscosity).
Application Insights:
The conductors and cables segment dominated the global electric wire rods market in 2017. This is attributed to increasing demand for copper and aluminum wires from various sectors, such as power generation, construction, automotive industry among others. In addition, growing urbanization has led to an increase in the number of households and commercial establishments requiring electricity supply across the globe. This is expected to drive product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to various factors such as increasing disposable income of consumers and rapid industrialization & urbanization. Growing demand for electric wire rods from end-use industries such as construction, manufacturing and energy sector will drive the regional market further.
The Asia Pacific was followed by Europe in terms of revenue generation in 2017 due to high demand for quality products from major application sectors across this region. Europe has been experiencing a severe shortage of skilled labor which has led manufacturers operating within this region to offshore their production activities overseas where labor costs are low or even free (i.e., Eastern Europe).
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in electric wire rods manufacturing process
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Wire Rods Market Research Report
By Type
Electrical, Mechanical
By Application
Conductors and Cables, Mechanical Applications, Deoxidization
By Companies
Baotou Aluminum, Vedanta, Vimetco, UC RUSAL, Southwire, Hongfan, Alro, Hydro, Southern Cable, Noranda Aluminum, Hindalco, OAPIL, Inotal, NALCO, Sterlite
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Electric Wire Rods Market Report Segments:
The global Electric Wire Rods market is segmented on the basis of:
Types
Electrical, Mechanical
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Conductors and Cables, Mechanical Applications, Deoxidization
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baotou Aluminum
- Vedanta
- Vimetco
- UC RUSAL
- Southwire
- Hongfan
- Alro
- Hydro
- Southern Cable
- Noranda Aluminum
- Hindalco
- OAPIL
- Inotal
- NALCO
- Sterlite
Highlights of The Electric Wire Rods Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrical
- Mechanical
- By Application:
- Conductors and Cables
- Mechanical Applications
- Deoxidization
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Wire Rods Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric wire rods are a type of electrical conductor that is made up of thin, insulated wires. They are used in electrical wiring to carry electricity from one point to another.
Some of the major companies in the electric wire rods market are Baotou Aluminum, Vedanta, Vimetco, UC RUSAL, Southwire, Hongfan, Alro, Hydro, Southern Cable, Noranda Aluminum, Hindalco, OAPIL, Inotal, NALCO, Sterlite.
The electric wire rods market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Wire Rods Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Wire Rods Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Wire Rods Market - Supply Chain
4.5. Global Electric Wire Rods Market Forecast
4.5.1. Electric Wire Rods Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Wire Rods Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Wire Rods Market Absolute $ Opportunity
5. Global Electric Wire Rods Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Wire Rods Market Size and Volume Forecast by Type
5.3.1. Electrical
5.3.2. Mechanical
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Wire Rods Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Wire Rods Market Size and Volume Forecast by Application
6.3.1. Conductors and Cables
6.3.2. Mechanical Applications
6.3.3. Deoxidization
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Wire Rods Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Wire Rods Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Wire Rods Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Wire Rods Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Wire Rods Demand Share Forecast, 2019-2026
9. North America Electric Wire Rods Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Wire Rods Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Wire Rods Market Size and Volume Forecast by Application
9.4.1. Conductors and Cables
9.4.2. Mechanical Applications
9.4.3. Deoxidization
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Wire Rods Market Size and Volume Forecast by Type
9.7.1. Electrical
9.7.2. Mechanical
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Wire Rods Demand Share Forecast, 2019-2026
10. Latin America Electric Wire Rods Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Wire Rods Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Wire Rods Market Size and Volume Forecast by Application
10.4.1. Conductors and Cables
10.4.2. Mechanical Applications
10.4.3. Deoxidization
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Wire Rods Market Size and Volume Forecast by Type
10.7.1. Electrical
10.7.2. Mechanical
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Wire Rods Demand Share Forecast, 2019-2026
11. Europe Electric Wire Rods Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Wire Rods Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Wire Rods Market Size and Volume Forecast by Application
11.4.1. Conductors and Cables
11.4.2. Mechanical Applications
11.4.3. Deoxidization
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Wire Rods Market Size and Volume Forecast by Type
11.7.1. Electrical
11.7.2. Mechanical
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Wire Rods Demand Share, 2019-2026
12. Asia Pacific Electric Wire Rods Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Wire Rods Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Wire Rods Market Size and Volume Forecast by Application
12.4.1. Conductors and Cables
12.4.2. Mechanical Applications
12.4.3. Deoxidization
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Wire Rods Market Size and Volume Forecast by Type
12.7.1. Electrical
12.7.2. Mechanical
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Wire Rods Demand Share, 2019-2026
13. Middle East & Africa Electric Wire Rods Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Wire Rods Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Wire Rods Market Size and Volume Forecast by Application
13.4.1. Conductors and Cables
13.4.2. Mechanical Applications
13.4.3. Deoxidization
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Wire Rods Market Size and Volume Forecast by Type
13.7.1. Electrical
13.7.2. Mechanical
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Wire Rods Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Wire Rods Market: Market Share Analysis
14.2. Electric Wire Rods Distributors and Customers
14.3. Electric Wire Rods Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baotou Aluminum
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Vedanta
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vimetco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. UC RUSAL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Southwire
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hongfan
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Alro
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hydro
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Southern Cable
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Noranda Aluminum
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hindalco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. OAPIL
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Inotal
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. NALCO
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sterlite
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook