Insulated Wire and Cable Market Size to Reach $228.40 Bn by 2028: COVID Impact, Trends and Forecast

Release Month: April 2021

Evolve Business Intelligence, today has published a new market research report on “The global insulated wire and cable market was estimated to be $152.98 billion in 2020 and is anticipated to grow at a CAGR of 4.87% from 2021 to 2028”

For more information on the report:

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the insulated wire and cable market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the insulated wire and cable market report also include the following data points:

  • COVID19 Impact on insulated wire and cable market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in insulated wire and cable market

Analyst View
According to Parimal, Principal Analyst, Evolve Business Intelligence, “due to the lockdown imposed, the infrastructure work is being delayed. The workforce went to their native land looking for work leading to the labor shortage in many countries. Due to various restrictions imposed by the government on the manufacturing unit for worker safety, the companies are working at less than 50% capacity. Various industries are closed, which had led to decreasing in demand and cancellation of orders for insulated wire and cables.”

Competitive Scenario
Some of the major insulated wire and cable players holding high market share include ABL electronic, AFC systems, Amphenol, and Asia pacific wire & cable corp. These players use collaboration and partnership as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
insulated wire and cable market is analyzed across the below-mentioned segments:

  • Material
    • Metal
    • Plastic
    • Optical Fiber
  • End User
    • Telecommunication
    • Electronics
    • Construction
    • Others
  • Voltage
    • Low Voltage
    • Medium Voltage
    • High Voltage

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the insulated wire and cable market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:

  • ABL Electronic Supplies Inc
  • AFC Cable Systems Inc.
  • Amphenol Corp.
  • Asia Pacific Wire & Cable Corporation Ltd.
  • Belden Inc.
  • Cable USA
  • Carlisle Interconnect Technologies
  • Cerro Wire LLC
  • Hitachi Metals Ltd.
  • Delphi Automotive Plc

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Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants’ financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives

  • To define, describe, and forecast the insulated wire and cable market, in terms of value, segmented on the basis of indication, type, technology, and geography
  • To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
  • To provide detailed information regarding drivers, restraints, and opportunities, in the insulated wire and cable market
  • To provide an overview of the value chain analysis pertaining to the insulated wire and cable industry
  • To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall insulated wire and cable market
  • To analyze opportunities in the market by identifying high-growth segments of the insulated wire and cable market
  • To profile key players in the insulated wire and cable market and comprehensively analyze their core competencies
  • To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global insulated wire and cable market

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

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