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The insulated wire and cable market size has the potential to grow by USD 65.82 million during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.
This insulated wire and cable market research report provides a detailed analysis of the market by material (metal, plastic, and optical fiber) and geography (APAC, Europe, MEA, North America, and South America).
This insulated wire and cable market analysis report provides information on the production, sustainability, and prospects of several leading manufacturers, including:
The market is currently fragmented, and vendors are deploying various organic and inorganic growth strategies to stay ahead in the competition. This insulated wire and cable market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies.
Although the accelerating growth momentum will offer immense growth opportunities, the increasing penetration of wireless technology will challenge the growth of the market participants. To increase their insulated wire and cable market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
APAC was the largest market for insulated wire and cable in 2019, and the region will continue to offer the maximum growth opportunities to market vendors during the forecast period. Factors such as rapid urbanization, rising disposable incomes, business expansion activities, and government initiatives influence insulated wire and cable market growth in this region.
Over 45% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for insulated wire and cables in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America.
Metal accounts for the largest insulated wire & cable market share in the material segment. Insulated metal wires are widely used in different kinds of home appliances and for distributing electrical power within residential, commercial, and industrial buildings. Hence, the rapid construction of houses, office spaces, and other commercial spaces across the world will fuel the growth of the insulated wire and cable market in this segment.
However, market growth in this segment will be slower than the growth of the market in the plastic and optical fiber segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the insulated wire & cable market size.
The increasing use of insulated optical fiber cables and wires in the automotive sector will be a significant factor driving the growth of the insulated wire & cable market. The high mechanical rollover resistance and weather and heat resistance of insulated wires and cables make it ideal for use in various applications, including e-mobility in the automotive sector. High-voltage single and multi-core insulated wires and cables are used to transmit electricity from one component to the other in vehicles during acceleration and recuperation phases. These wires and cables are also used for connecting the car battery to various other components. Hence, the rising demand for heat and flame-resistant insulated wires and cables from the automotive sector will fuel the growth of the market during the forecast period.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY MATERIAL
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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