Global Wires And Cables Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Wires And Cables Market Report by The Business Research Company covers wires and cables market drivers and restraints, wires and cables market size, major players, and the impact of COVID-19 on the wires and cables market.
The wires and cables market consists of the sales of new wires and cables by entities (organizations, sole traders and partnerships) that manufacture insulated fiber optic cables which are network cables containing strands of glass fibers inside an insulated case, and coaxial cables and other insulated nonferrous wires which are copper and aluminum wires used by industries including energy, automotive, telecoms and others. The wires and cables market does not include sales from services, repair and maintenance of wires and cables. The wires and cables market is segmented into coaxial cables, fiber optical cable and other cables.
Technological advances in the communication industry are expected to be a key driver of the wires and cables market.
The global wires and cables market is expected to grow from $213.38 billion in 2020 to $232.13 billion in 2021 at a compound annual growth rate (CAGR) of 8.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $308.02 billion in 2025 at a CAGR of 7%.
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Some wires and cables market trends include the demand for miniature connectors growing rapidly in industries such as mobile technology, aerospace, defense and medical equipment to enhance connectivity and minimize space in electrical and electronic devices. Miniature connectors’ also known as micro connectors include subminiature, micro miniature and ultra-micro miniature connectors. Micro connectors are rectangular cross sections that carry power and data.
Global wires and cables market segments include:
1) By Type: Other Cables, Fiber Optical Cable, Coaxial Cables.
2) By End-Use Industry: Energy, Telecommunications, Building & Construction, Industrial Manufacturing, Automotive, Medical Equipment, Others.
3) By Sales Channel: OEM, Aftermarket.
4) By Mode: Online, Offline.
Subsegments Covered: Insulated Cables, Shipboard Cables, Aircraft And Automotive Cables, Single-Mode Fiber Cable, Multimode-Fiber Cable.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Wires And Cables Global Market Report 2021: COVID-19 Impact and Recovery to 2030 At:
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The Wires And Cables Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides wires and cables market overviews, analyzes and forecasts market size, share, wires and cables market players, wires and cables market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The wires and cables market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Wires And Cables Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Sumitomo Electric Industries Ltd, Prysmian Group, Furukawa Electric, Leoni AG, Southwire Company LLC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Wires And Cables Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Wires And Cables Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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