Global Metallic Cables Market 2017-2021

Overview of the global metallic cables market

Market research analysts at Technavio predict that the global metallic cables market will grow steadily at a CAGR of over 3% by 2021. This market research analysis identifies the rise in wind power generation as one of the primary growth factors for this market. The growing concerns of shifting to renewable energy sources have led to an increase in electricity generation from wind turbines. This, in turn, led to an increased demand for metallic power cables as they are largely used to transmit energy generated by wind turbines.

The increase in the expansion of railway networks is one of the latest trends that will gain traction in the metallic cables market in the coming years. With the growing population and expanding metropolitan areas, there is a considerable increase in the demand for railways. This will subsequently fuel market growth, since the power and communication metallic cables are used for power transmission and signaling in rail systems.

Competitive landscape and key vendors

The metallic cables market is characterized by the presence of well diversified, international, regional, and local vendors. Several regional vendors provide highly customized metallic cables at a price lower than global players. The competitive environment in this market is expected to intensify during the forecast period due to an increase in product extensions, technological innovations, and M&As.

The leading vendors in the market are -

• Prysmian Group
• Nexans
• General Cable
• NKT 
• Sumitomo Electric Industries

The other prominent vendors in the market include Belden, Encore Wire, Finolex Cables, Hangzhou Cable, HENGTONG GROUP, International Wire Group, KEI Industries, LS Cable Group, Southwire Company, and TPC Wire & Cable.

Segmentation by product type and analysis of the metallic cables market

• Power cables
• Communication cables

During 2016, the power cables segment accounted for the major shares of this market. Metallic power cables are widely used in industries that operate under harsh environmental conditions. The rise in industrialization and rapid infrastructure development across the world has created a huge demand for electricity. This will induce countries to increasing the capacity of power generation.

Geographical segmentation and analysis of the metallic cables market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. Growing economies such as India and China will witness a huge demand for power due to the growing industrialization and economic development activity. This will in turn, augment the growth prospects of the metallic cables market during the next four years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global metallic cables market?
• What are the key market trends impacting the growth of the global metallic cables market?
• What are the challenges to market growth?
• Who are the key vendors in the global metallic cables market?
• What are the market opportunities and threats faced by the vendors in the global metallic cables market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global metallic cables market?

Technavio also offers customization on reports based on specific client requirement.

Technavio's in-depth market research reports on the heavy industry offer detailed insights on the market size, forecast, market drivers, trend, and industry analysis to help clients build effective growth strategies. This upcoming market research report on the global metallic cables market is a part of the heavy industry portfolio, where a large number of research reports are also offered for the engineering tools sector.

This upcoming market research report on the global metallic cables market also covers vendors like Prysmian Group, Nexans, General Cable, NKT, and Sumitomo Electric., L S Cable Group, Southwire Co. Inc., Hangzhou Cable Co Ltd., TPC Wire and Cable Corp., Hengtong Group, Belden Inc., Encore Wire Corp., Finolex Cables Ltd., International Wire Group Inc., and KEI Industries Ltd. Furthermore, the research team at Technavio follow a triangulated research approach of primary and secondary research by assessing factors such as demand-supply gaps and geographical market potential to offer clients a holistic overview of the current and future market landscape.

This market research report on the global metallic cables market also considers the growth of related markets like the global wire processing machines market and the global power cables market, which is anticipated to post a steady CAGR of about 9% and 7% during the forecast period. The report also covers regions such as Americas, APAC, and EMEA to assess the market's potential across various geographies.

The upcoming industry report on the global metallic cables market also offers insights into fast-growing segments within the heavy industry, including sectors like the construction, tools and components and unit operations. Additionally, the report also presents insights into the changing competitive landscape and provides clients with a complete overview of the market to gain a competitive edge over their peers.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.