The wire and cable market in North America is expected to grow from US$ 27,373.43 million in 2022 to US$ 39,405.04 million by 2028. It is estimated to grow at a CAGR of 6.3% from 2022 to 2028.
Market Overview
North America wire and cable market hosts some of the leading technology giants and providers of cabling and connectivity solutions for industrial, commercial, and residential applications. Companies such as Carl Stahl Sava Industries, Elliott Manufacturing, and Bergen Cable Technology are providing a wide range of wires and cables for the healthcare, automotive, construction and other end use industry verticals. Growing demands for copper cable, fiber cable and technologically advanced connectivity solutions is propelling the market growth in North America.
Key Market Segmentation
The North America wire and cable market is segmented into type, end use industry, and country. Based on type, the market is segmented into cable, wire, and push-pull controls. The wire segment registered the largest market share in 2022.
- Based on end use industry, the North America wire and cable market is segmented into aircraft, transportation, medical, marine, and construction. The transportation segment registered the largest market share in 2022.
- Based on country, the market is segmented into US, Canada, and Mexico. US dominated the market share in 2022.
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Increasing Adoption of Wire and Cable in Aircraft Industry
Thin, flexible, and durable wire ropes known as aircraft wire and cable are used to maintain the electrical network installed in aircraft. Copper and stainless steel metals and alloys with high strength, long durability, and good electrical conductivity are used in the production of aircraft wire and cable. The increased need for new aircraft and the durability and adaptability of these cables considerably boost market expansion. Moreover, commercial aircraft employ adaptable, lightweight wires and cables for the lighting and flight control systems. During navigation and landing, high-frequency aircraft cables are used for radio data transmission and air traffic management. Therefore, aircraft cables are flame-resistant. Moreover, in-flight entertainment applications for passengers also employ data bus wires. In addition, because of cheap plane tickets and the reduction in travel time during the past few years, more people have taken to flying. The wire and cable market is expected to grow exponentially in the upcoming years due to the existence of stringent regulations that encourage the replacement of strands regularly and an increase in the number of companies in the civil aviation industry. The need for electrification of aircraft by the civil & defense aviation industries has increased due to a growth in the aircraft industry’s contribution to air pollution and the expanding number of nations vowing to attain the level of zero carbon emission by 2050. Thus, the rising adoption of wire and cable in the aircraft industry is driving the demand for wire and cable.
Market leaders and key company profiles
- ASK Automotive Pvt. Ltd.
- Bergen Cable Technology
- Carl Stahl Sava Industries
- Elliott Manufacturing
- Lexo Cable
North America Wire and Cable Strategic Insights
Strategic insights for the North America Wire and Cable provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Segments Covered
By Type
- Cable
- Wire
- Push-Pull Controls
By End Use Industry
- Aircraft
- Transportation
- Medical
- Marine
- Construction
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