Market Overview:
The global copper wire and cable 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 copper wire and cable in various applications such as building wire, communications wire, power distribution, and others. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Copper wire and cable are made of copper, a reddish-orange metal that is one of the most common elements on Earth. Copper has many important uses because it is a good conductor of electricity. For this reason, it is often used to make electrical wiring and cables.
Copper Wire:
Copper wire is a conductor of electricity which is made from copper and it has different sizes according to its use. The thickness of copper wire depends on the desired electrical capacity. The standard size for copper wires in power transmission and distribution (PTD) applications is 0.6mm thick, whereas the thin gauge CopperWire product category has a thickness of 0.3mm; 1/16th inch (1.5 mm).
Copper Cable:
Copper cable and copper wire & cable are the same thing. Copper wires are used in cables to transmit electrical signals from one point to another with no loss of signal strength. The size of the copper wire is determined by the application for which it is being used; therefore, there can be variation in sizes as per requirements.
Application Insights:
Building wire was the largest application segment in 2017 and accounted for a market share of more than 60% in terms of revenue. Copper offers high tensile strength, low copper loss and excellent electrical conductivity, which makes it suitable for use as an architectural building material. The rising demand for construction materials that are lightweight but strong is likely to boost product consumption over the forecast period.
Communications wire is projected to be the fastest-growing application segment from 2018 to 2030 owing to increasing demand from data centers and IT offices coupled with growing infrastructure spending by various governments across the world. Countries such as China, India, Brazil and South Korea are investing significantly in expanding their telecom infrastructures which is expected to drive copper products consumption over the coming years.
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 some of the major copper-producing countries, such as China, India, and Australia. Copper mining in these countries drives demand for wire and cable products owing to their high electrical conductivity.
China emerged as a prominent consumer of copper wire and cable products owing to rapid industrialization coupled with increasing electricity consumption across various sectors including building & construction, manufacturing industry etc. In addition, rising investments by foreign players in this country are likely to drive demand for these products over the next eight years. For instance: In 2016 Rio Tinto invested around USD X million for acquiring a controlling interest of Chinalco which holds an iron ore mine located at Lincang Co., Ltd (Lincang means Iron Mountain)in Yunnan Province; it also has a stake in Hong Kong-based Luanshya Iron & Steel Group Co., Ltd.
Growth Factors:
- Increasing demand from the construction and automotive industries
- Rapid urbanization and industrialization in developing countries
- Rising demand for electrical wiring in smart homes and buildings
- Growing use of copper wire and cables in renewable energy projects
- Technological advancements that improve the efficiency, performance, and durability of copper wire and cables
Scope Of The Report
Report Attributes
Report Details
Report Title
Copper Wire and Cable Market Research Report
By Type
Copper Wire, Copper Cable
By Application
Building Wire, Communications Wire, Power Distribution, Others
By Companies
Luvata, Sandvik AB, Elektrokoppar, NBM Metals, Inc., Mitsubishi Materials Co., Ningbo Jintian Copper Group, Tatung Co., Furukawa Electric, SH Copper Products Co.,Ltd., KGHM, Luvata, Wanbao Group
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
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Copper Wire and Cable Market Report Segments:
The global Copper Wire and Cable market is segmented on the basis of:
Types
Copper Wire, Copper Cable
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
Building Wire, Communications Wire, Power Distribution, Others
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:
- Luvata
- Sandvik AB
- Elektrokoppar
- NBM Metals, Inc.
- Mitsubishi Materials Co.
- Ningbo Jintian Copper Group
- Tatung Co.
- Furukawa Electric
- SH Copper Products Co.,Ltd.
- KGHM
- Luvata
- Wanbao Group
Highlights of The Copper Wire and Cable 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:
- Copper Wire
- Copper Cable
- By Application:
- Building Wire
- Communications Wire
- Power Distribution
- Others
- 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 Copper Wire and Cable 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?
Copper wire and cable are two types of electrical wiring. Copper wire is a metal that has a high resistance to electricity, making it ideal for use in electrical wiring. Cable is made up of many small copper wires twisted together, and is used to carry electric current from one point to another.
Some of the key players operating in the copper wire and cable market are Luvata, Sandvik AB, Elektrokoppar, NBM Metals, Inc., Mitsubishi Materials Co., Ningbo Jintian Copper Group, Tatung Co., Furukawa Electric, SH Copper Products Co.,Ltd., KGHM, Luvata, Wanbao Group.
The copper wire and cable market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Copper Wire and Cable Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Copper Wire and Cable Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Copper Wire and Cable Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Copper Wire and Cable Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Copper Wire and Cable Market Size & Forecast, 2020-2028 4.5.1 Copper Wire and Cable Market Size and Y-o-Y Growth 4.5.2 Copper Wire and Cable Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Copper Wire
5.2.2 Copper Cable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Building Wire
6.2.2 Communications Wire
6.2.3 Power Distribution
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Copper Wire and Cable Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Copper Wire and Cable Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Copper Wire
9.6.2 Copper Cable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Building Wire
9.10.2 Communications Wire
9.10.3 Power Distribution
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Copper Wire
10.6.2 Copper Cable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Building Wire
10.10.2 Communications Wire
10.10.3 Power Distribution
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Copper Wire
11.6.2 Copper Cable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Building Wire
11.10.2 Communications Wire
11.10.3 Power Distribution
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Copper Wire
12.6.2 Copper Cable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Building Wire
12.10.2 Communications Wire
12.10.3 Power Distribution
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Copper Wire
13.6.2 Copper Cable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Building Wire
13.10.2 Communications Wire
13.10.3 Power Distribution
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Copper Wire and Cable Market: Competitive Dashboard
14.2 Global Copper Wire and Cable Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Luvata
14.3.2 Sandvik AB
14.3.3 Elektrokoppar
14.3.4 NBM Metals, Inc.
14.3.5 Mitsubishi Materials Co.
14.3.6 Ningbo Jintian Copper Group
14.3.7 Tatung Co.
14.3.8 Furukawa Electric
14.3.9 SH Copper Products Co.,Ltd.
14.3.10 KGHM
14.3.11 Luvata
14.3.12 Wanbao Group