Study #: 3866 | Published: 04/2021 | Pages: 199 | Individual User License: US$ 5,300

US demand for insulated wire and cable is forecast to rise 2.9% per year to $24.8 billion in 2025. Recoveries in the building construction and manufacturing industries will support sales growth, although market maturity will restrain the pace of gains in most applications.

Lingering Effects of the COVID-19 Pandemic to Create Uncertainty for Wire & Cable Suppliers

The long-term impact of the COVID-19 outbreak is still unknown. While many businesses have navigated their way through the initial shock the pandemic had on the US and global economy, some industries are facing longer-term effects that have the potential to restrict demand for essential components like wire and cable:

  • Commercial building construction in the US declined in 2020 and is expected remain depressed in 2021. Much of these losses are due to short-term economic uncertainty, but the pandemic may also have permanently accelerated long-term shifts toward remote work and away from brick-and-mortar retail.
  • Aircraft travel has declined significantly, impacting aircraft production plans (as well as aircraft repair and maintenance). Global air traffic is currently not expected to return to 2019 levels until 2024 at the earliest, potentially leading to a prolonged downturn for aircraft equipment suppliers.

5G Rollout Sustaining Demand for Fiber Optic Cable

Infrastructure spending related to the 5G rollout will provide sales opportunities and contribute to sustained high levels of demand, as massive amounts of fiber optic cable will be required to support the large number of distributed cells in 5G networks. However, construction of 5G infrastructure is expected to be a slow, labor-intensive process that is unlikely to be compressed into a short timeframe. In addition, the market for fiber optic cable in the telecommunications backbone has matured. As a result, growth in demand for fiber optic cable is expected to moderate going forward.

Most Wire & Cable Products to Post Improvement

Markets for wire and cable products in manufacturing applications generally declined in 2020. Construction and telecommunications infrastructure applications also faced challenges but fared somewhat better due to the strength of residential building construction in the latter half of the year:

  • The construction market shrank slightly in 2020, and a recovery will allow for improved growth in sales of building wire and cable through 2025.
  • Demand for products used in telecommunications infrastructure applications increased in 2020, as spending on telecommunications utilities construction continued to rise. However, the relatively healthy 2020 means that these products have limited prospects for recovery-driven growth going forward.

Among other wire and cable products, motor vehicles products offer an opportunity for even stronger gains, albeit mainly due to a rebound in automotive production from a low 2020 level. Sales of electronic wire and cable will also return to growth following a poor 2015-2020 performance, but the maturity of US electronic product manufacturing industries will constrain the pace of gains.


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Table of Contents

1. Executive Summary

2. COVID-19 Pandemic

Overview

Impact on the Economy

Impact on the Construction Industry

Impact on the Insulated Wire & Cable Industry

3. Overview

Study Scope

Historical Trends

Supply & Demand

Foreign Trade

Imports

Exports

Demand by Product

Demand by Market

Pricing Patterns

Technology Trends

5G Networks

Fiber Optics

Multiplex Wiring

Telecommunications Technology

Superconductivity

Sustainability Issues

Global Trends

4. Wire & Cable Materials

Material Requirements

Metals

Demand by Metal Type

Copper

Aluminum & Other Metals

Plastics

Demand by Plastic Type

Polyethylene

PVC

Polypropylene

Thermoplastic Elastomers

Nylon

Fluoropolymers & Other Plastics

Optical Fibers

5. Building Wire & Cable

Scope & Product Description

Supply & Demand

Types of Building Wire & Cable

Demand by Product

General Purpose (Thermoplastic or Thermoset)

Nonmetallic & Underground

Other Building Wire & Cable (Armored, Service Entrance, All Other)

Suppliers

6. Power Wire & Cable

Scope & Product Description

Supply & Demand

Types of Power Wire & Cable

Demand by Product

Underground Distribution

Portable

Other Power Wire & Cable

Suppliers

7. Fiber Optic Cable

Scope & Product Description

Supply & Demand

Types of Fiber Optic Cable

Demand by Product

Single-Mode

Multimode

Suppliers

8. Electronic Wire & Cable

Product Description

Supply & Demand

Types of Electronic Wire & Cable

Demand by Product

Coaxial

Multiconductor

Other Electronic Wire & Cable

Suppliers

9. Apparatus Wire & Cordage

Product Description

Supply & Demand

Types of Apparatus Wire & Cable

Demand by Product

Flexible Cordage

Appliance Wire

Other Apparatus Wire & Cordage

Suppliers

10. Primary, Ignition, & Battery Wire & Cable

Product Description

Supply & Demand

Demand by Product

Suppliers

11. Other Insulated Wire & Cable Products

Scope & Product Description

Supply & Demand

Types of Other Insulated Wire & Cable

Demand by Product

Telephone

Magnet

Control & Signal

All Other Wire & Cable Products

12. Construction Markets

Market Description

Construction Industry Outlook

Wire & Cable Demand by Product

Applications

Demand by Application

Residential Buildings

Commercial Buildings

Nonbuilding

Key Suppliers

13. Telecommunications Markets

Market Description

Telecommunications Industry Outlook

Wire & Cable Demand by Product

Markets

Demand by Application

Backbone

Last Mile

Other Applications

Key Suppliers

14. Other Wire & Cable Markets

Electrical Equipment

Market Description

Demand by Product

Motor Vehicles

Market Description

Demand by Product

Industrial Machinery & Equipment

Market Description

Demand by Product

Other Markets

Market Description

Demand by Market

15. Industry Structure

Key Findings & Industry Composition

Market Share

Mergers & Acquisitions

List of Industry Participants

16. Appendix

Scope

Definitions

Abbreviations

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographics

Building Construction

Residential Building Construction

Commercial Building Construction

Nonbuilding Construction Expenditures

Manufacturing Outlook


List of Tables

2. COVID-19 Pandemic

Table 2-1 | Macroeconomic Indicators, 2019 - 2022 (billion 2012 dollars)

Table 2-2 | Construction Expenditures, 2019 - 2022 (billion 2012 dollars & billion dollars)

Table 2-3 | Annual Insulated Wire & Cable Demand by Market, 2019 - 2021 (million dollars)

3. Overview

Table 3-1 | Insulated Wire & Cable Demand, 2010 - 2020 (million dollars)

Table 3-2 | Insulated Wire & Cable Supply & Demand, 2010 - 2030 (million dollars)

Table 3-3 | US Insulated Wire & Cable Imports by Country, 2010 - 2020 (million dollars)

Table 3-4 | US Insulated Wire & Cable Exports by Country, 2010 - 2020 (million dollars)

Table 3-5 | Insulated Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

Table 3-6 | Insulated Wire & Cable Demand by Market, 2010 - 2030 (million dollars)

Table 3-7 | Selected Insulated Wire & Cable Price Deflators, 2010 - 2030 (2012=100)

4. Wire & Cable Materials

Table 4-1 | Insulated Wire & Cable Material Usage, 2010 - 2030 (million pounds)

Table 4-2 | Metal Demand in Insulated Wire & Cable, 2010 - 2030 (million pounds)

Table 4-3 | Copper Demand in Insulated Wire & Cable by Product, 2010 - 2030 (million pounds)

Table 4-4 | Aluminum & Other Metal Demand in Insulated Wire & Cable, 2010 - 2030 (million pounds)

Table 4-5 | Plastic Demand in Insulated Wire & Cable by Type of Plastic, 2010 - 2030 (million pounds)

Table 4-6 | Polyethylene Demand in Insulated Wire & Cable by Product, 2010 - 2030 (million pounds)

Table 4-7 | Polyvinyl Chloride (PVC) Demand in Insulated Wire & Cable, 2010 - 2030 (million pounds)

Table 4-8 | Polypropylene Demand in Insulated Wire & Cable, 2010 - 2030 (million pounds)

Table 4-9 | Thermoplastic Elastomer (TPE) Demand in Insulated Wire & Cable, 2010 - 2030 (million pounds)

Table 4-10 | Nylon Demand in Insulated Wire & Cable, 2010 - 2030 (million pounds)

Table 4-11 | Fluoropolymer & Other Plastics Demand in Insulated Wire & Cable, 2010 - 2030 (million pounds)

5. Building Wire & Cable

Table 5-1 | Building Wire & Cable Supply & Demand, 2010 - 2030 (million dollars)

Table 5-2 | Building Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

6. Power Wire & Cable

Table 6-1 | Power Wire & Cable Supply & Demand, 2010 - 2030 (million dollars)

Table 6-2 | Power Wire & Cable Demand by Product & Market, 2010 - 2030 (million dollars)

Table 6-3 | Underground Distribution Cable Demand by Voltage, 2010 - 2030 (million dollars)

Table 6-4 | Portable Power Wire & Cable Demand by Voltage, 2010 - 2030 (million dollars)

Table 6-5 | Other Power Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

7. Fiber Optic Cable

Table 7-1 | Fiber Optic Cable Supply & Demand, 2010 - 2030 (million dollars)

Table 7-2 | Fiber Optic Cable Demand by Product & Market, 2010 - 2030 (million dollars)

8. Electronic Wire & Cable

Table 8-1 | Electronic Wire & Cable Supply & Demand, 2010 - 2030 (million dollars)

Table 8-2 | Electronic Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

Table 8-3 | Coaxial Cable Demand by Product & Market, 2010 - 2030 (million dollars)

Table 8-4 | Multiconductor Wire & Cable Demand by Product & Market, 2010 - 2030 (million dollars)

Table 8-5 | Other Electronic Wire & Cable Demand by Product & Market, 2010 - 2030 (million dollars)

9. Apparatus Wire & Cordage

Table 9-1 | Apparatus Wire & Cordage Supply & Demand, 2010 - 2030 (million dollars)

Table 9-2 | Apparatus Wire & Cordage Demand by Product, 2010 - 2030 (million dollars)

Table 9-3 | Flexible Cordage Demand by Product & Market, 2010 - 2030 (million dollars)

10. Primary, Ignition, & Battery Wire & Cable

Table 10-1 | Primary, Ignition, & Battery Wire & Cable Supply & Demand, 2010 - 2030 (million dollars)

Table 10-2 | Primary, Ignition, & Battery Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

11. Other Insulated Wire & Cable Products

Table 11-1 | Other Insulated Wire & Cable Product Supply & Demand, 2010 - 2030 (million dollars)

Table 11-2 | Other Insulated Wire & Cable Product Demand by Product & Market, 2010 - 2030 (million dollars)

12. Construction Markets

Table 12-1 | Construction Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

Table 12-2 | Construction Wire & Cable Demand by Application, 2010 - 2030 (million dollars)

Table 12-3 | Residential Building Insulated Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

Table 12-4 | Commercial Building Insulated Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

Table 12-5 | Nonbuilding Insulated Wire & Cable Demand, 2010 - 2030 (million dollars)

13. Telecommunications Markets

Table 13-1 | Telecommunications Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

Table 13-2 | Telecommunications Wire & Cable Demand by Application, 2010 - 2030 (million dollars)

14. Other Wire & Cable Markets

Table 14-1 | Electrical Equipment Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

Table 14-2 | Motor Vehicle Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

Table 14-3 | Industrial Machinery & Equipment Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

Table 14-4 | Other Wire & Cable Markets Demand, 2010 - 2030 (million dollars)

15. Industry Structure

Table 15-1 | US Wire & Cable Sales by Company, 2020 (million dollars)

Table 15-2 | Selected Mergers & Acquisitions

Table 15-3 | Selected Industry Participants

16. Appendix

Table 16-1 | Relevant Industry Codes

Table 16-2 | Relevant HS/HTS Codes

Table 16-3 | Abbreviations & Acronyms Used in Study

Table 16-4 | Macroeconomic Indicators, 2010 - 2030 (billion 2012 dollars)

Table 16-5 | Population & Households, 2010 - 2030 (million persons)

Table 16-6 | Building Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 16-7 | Residential Building Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 16-8 | Commercial Building Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 16-9 | Nonbuilding Construction Expenditures, 2010 - 2030 (billion dollars & billion 2012 dollars)

Table 16-10 | Manufacturers' Shipments, 2010 - 2030 (billion dollars & billion 2012 dollars)


List of Figures

1. Executive Summary

Figure 1-1 | US Insulated Wire & Cable Market

2. COVID-19 Pandemic

Figure 2-1 | Real GDP by Economic Sector, 2019 - 2022 (% annual change)

Figure 2-2 | Annual Insulated Wire & Cable Demand Growth by Market, 2019 - 2023 (% annual change)

3. Overview

Figure 3-1 | Insulated Wire & Cable Demand, 2000 - 2020 (million dollars)

Figure 3-2 | US Insulated Wire & Cable Imports: Share by Source, 2020 (billion dollars)

Figure 3-3 | US Insulated Wire & Cable Exports: Share by Destination, 2020 (billion dollars)

Figure 3-4 | Insulated Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

Figure 3-5 | Insulated Wire & Cable Demand by Market, 2020 (billion dollars)

Figure 3-6 | Pricing of Selected Insulated Wire & Cable Products, 2010 - 2025 (2012=100)

Figure 3-7 | Global Insulated Wire & Cable Demand by Region, 2010 - 2030 (million dollars)

4. Wire & Cable Materials

Figure 4-1 | Insulated Wire & Cable Material Usage, 2020 (pounds)

5. Building Wire & Cable

Figure 5-1 | Building Wire & Cable: Product Examples

Figure 5-2 | Building Wire & Cable Demand, 2000 - 2020 (million dollars)

Figure 5-3 | Building Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

6. Power Wire & Cable

Figure 6-1 | Power Wire & Cable: Product Examples

Figure 6-2 | Power Wire & Cable Demand, 2000 - 2020 (million dollars)

Figure 6-3 | Power Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

7. Fiber Optic Cable

Figure 7-1 | Fiber Optic Cable: Product Examples

Figure 7-2 | Fiber Optic Cable Demand, 2000 - 2020 (million dollars)

Figure 7-3 | Fiber Optic Cable Demand by Product, 2010 - 2030 (million dollars)

8. Electronic Wire & Cable

Figure 8-1 | Electronic Wire & Cable: Product Examples

Figure 8-2 | Electronic Wire & Cable Demand, 2000 - 2020 (million dollars)

Figure 8-3 | Electronic Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

9. Apparatus Wire & Cordage

Figure 9-1 | Apparatus Wire & Cordage: Product Examples

Figure 9-2 | Apparatus Wire & Cordage Demand, 2000 - 2020 (million dollars)

Figure 9-3 | Apparatus Wire & Cordage Demand by Product, 2010 - 2030 (million dollars)

10. Primary, Ignition, & Battery Wire & Cable

Figure 10-1 | Primary, Ignition, & Battery Wire & Cable: Product Examples

Figure 10-2 | Primary, Ignition, & Battery Wire & Cable Demand, 2000 - 2020 (million dollars)

Figure 10-3 | Primary, Ignition, & Battery Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

11. Other Insulated Wire & Cable Products

Figure 11-1 | Other Insulated Wire & Cable Products: Product Examples

Figure 11-2 | Other Insulated Wire & Cable Product Demand, 2000 - 2020 (million dollars)

Figure 11-3 | Other Insulated Wire & Cable Product Demand by Product, 2010 - 2030 (million dollars)

12. Construction Markets

Figure 12-1 | Construction Expenditures, 2020 - 2025 (billion dollars)

Figure 12-2 | Construction Wire & Cable Demand, 2000 - 2020 (million dollars)

Figure 12-3 | Construction Wire & Cable Demand by Application, 2010 - 2030 (million dollars)

13. Telecommunications Markets

Figure 13-1 | Key Telecommunications Industry Trends

Figure 13-2 | Telecommunications Market Wire & Cable Demand, 2000 - 2020 (million dollars)

Figure 13-3 | Telecommunications Wire & Cable Demand by Application, 2010 - 2030 (million dollars)

14. Other Wire & Cable Markets

Figure 14-1 | Electrical Equipment Wire & Cable Demand, 2000 - 2020 (million dollars)

Figure 14-2 | Electrical Equipment Wire & Cable Demand by Application, 2010 - 2030 (million dollars)

Figure 14-3 | Motor Vehicle Wire & Cable Demand, 2000 - 2020 (million dollars)

Figure 14-4 | Industrial Machinery & Equipment Wire & Cable Demand, 2000 - 2020 (million dollars)

Figure 14-5 | Industrial Machinery & Equipment Wire & Cable Demand by Product, 2010 - 2030 (million dollars)

Figure 14-6 | Other Wire & Cable Demand, 2000 - 2020 (million dollars)

15. Industry Structure

Figure 15-1 | US Insulated Wire & Cable Market Share by Company, 2020 (billion dollars)

Figure 15-2 | US Insulated Wire & Cable Market Share, 2020: Leading Supplier

Figure 15-3 | US Insulated Wire & Cable Market Share, 2020: Second Leading Supplier

Figure 15-4 | US Insulated Wire & Cable Market Share, 2020: Third Leading Supplier

Figure 15-5 | US Insulated Wire & Cable Market Share, 2020: Fourth Leading Supplier

16. Appendix


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