세계의 전선 및 케이블 재료 시장 예측(-2032년) : 케이블 유형, 용도, 최종 사용자, 지역별 분석

According to Stratistics MRC, the Global Wire and Cable Materials Market is accounted for $183.02 billion in 2025 and is expected to reach $260.98 billion by 2032 growing at a CAGR of 5.2% during the forecast period. Wire and cable materials refer to the raw substances and components used in the manufacturing of electrical and communication wires and cables. These materials include conductive metals such as copper and aluminum, which carry electrical current, and insulating materials like PVC, polyethylene, or rubber, which protect against electrical leakage and environmental damage. Additional components may include shielding materials to prevent electromagnetic interference, jacketing for mechanical protection, and fillers to maintain structure and flexibility. The choice and quality of these materials directly impact the performance, durability, safety, and efficiency of wires and cables across industries such as power, telecommunications, construction, and electronics.

Market Dynamics:

Driver:

Rising demand from renewable energy sectors

Solar farms, wind turbines, and hydropower systems require specialized conductors and insulators. Material innovations are enabling efficient transmission and long-term durability. Government-backed energy transition programs are accelerating infrastructure deployment. Sustainability goals are prompting adoption of low-loss and recyclable compounds. These developments are reinforcing the market's role in clean energy systems.

Restraint:

Fluctuating raw material prices

Global supply chain disruptions and geopolitical tensions are increasing procurement risks. Pricing volatility affects competitiveness and contract stability. Smaller firms may struggle with sourcing flexibility and inventory control. Long-term planning is complicated by unpredictable market conditions. These factors are impacting profitability and production continuity.

Opportunity:

Urbanization and infrastructure development

Smart cities, transport networks, and commercial complexes require reliable and scalable cabling. Integration with energy-efficient and connected technologies is expanding use cases. Public and private sector initiatives are driving large-scale deployment. Material performance and compliance standards are shaping product innovation. These trends are creating strong growth momentum.

Threat:

Impact of global events

Trade restrictions and regional instability affect raw material flow and logistics. Production delays and cost overruns disrupt project execution. Strategic planning is challenged by unpredictable external factors. Manufacturers are diversifying sourcing and investing in regional hubs to mitigate exposure. These uncertainties pose threats to long-term market resilience.

Covid-19 Impact:

The Covid-19 pandemic significantly disrupted the Wire and Cable Materials Market, affecting both supply chains and production activities. Lockdowns and labor shortages slowed manufacturing, while logistics challenges delayed raw material procurement and distribution. Demand from key end-use industries, such as construction, automotive, and energy, also declined temporarily due to halted projects and economic uncertainty. However, the pandemic accelerated digitalization and remote working trends, boosting demand for telecommunication and data center cabling, partially offsetting overall market slowdown and reshaping future growth dynamics.

The power cables segment is expected to be the largest during the forecast period

The power cables segment is expected to account for the largest market share during the forecast period due to their essential role in electricity distribution. Applications span across utilities, industrial zones, and renewable energy grids. Innovations in insulation and conductor materials are enhancing performance and safety. Fire-resistant and low-smoke compounds are gaining traction in regulated environments. Grid modernization and electrification programs are supporting demand. This segment will remain dominant due to its infrastructure-critical function.

The residential segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the residential segment is predicted to witness the highest growth rate owing to urban expansion and smart home adoption. Cabling needs are rising for automation, solar integration, and EV charging. Real estate development and government incentives are fueling infrastructure upgrades. Consumer demand for safe, efficient, and aesthetically designed materials is influencing product choices. Connectivity and energy optimization are driving innovation. This segment is set for rapid growth as homes become more digitally and electrically integrated.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share is fuelled by infrastructure development, industrialization, and smart city initiatives. Strong demand from automotive, electronics, and telecommunication sectors drives consumption of both power and communication cables. Expansion of renewable energy projects, such as solar and wind, is increasing the need for high-voltage and specialty cables. Rapid urbanization, growing population, and government investments in transportation and energy sectors further support market expansion. Technological advancements in cable materials and increasing manufacturing capabilities make Asia Pacific a key growth hub, though competition and supply chain fluctuations remain challenging.

Region with highest CAGR:

Over the forecast period, the Middle East & Africa region is anticipated to exhibit the highest CAGR is driven by rapid urbanization, industrial expansion, and growing investments in power generation and transmission infrastructure. Rising demand for renewable energy projects and smart grid initiatives is boosting consumption of power and communication cables. The region is witnessing technological upgrades in oil, gas, and construction sectors, which require high-performance specialty cables. Governments' focus on infrastructure modernization and cross-border energy projects further fuels market growth. However, fluctuating raw material availability and regional geopolitical challenges create market uncertainties.

Key players in the market

Some of the key players in Wire and Cable Materials Market include Prysmian Group, Nexans, Southwire Company, LLC, Fujikura Ltd., Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., LS Cable & System Ltd., General Cable Corporation, KEI Industries Ltd., Polycab India Ltd., TE Connectivity Ltd., Amphenol Corporation, Belden Inc., Hengtong Group Co., Ltd. and Sterlite Technologies Ltd.

Key Developments:

In June 2025, Nexans acquired Spanish cablemaker Cables RCT, expanding its Southern European footprint and fire safety cable portfolio. The deal includes a CAPEX-backed production boost of 25%, enhancing Nexans' low-voltage offerings and accelerating growth in sustainable building solutions.

In March 2025, Prysmian entered a long-term partnership with Relativity Networks to manufacture fiber optic cables using hollow-core fiber (HCF) technology. The collaboration targets hyperscale data centers and AI infrastructure, with production based in Eindhoven, Netherlands, enabling faster data transmission and reduced latency for next-gen connectivity.

Cable Types Covered:

• Power Cables
• Communication Cables
• Specialty Cables

Applications Covered:

• Energy & Power
• Construction & Infrastructure
• Automotive
• Telecom & IT
• Aerospace & Defense
• Industrial Equipment
• Consumer Electronics
• Other Applications

End Users Covered:

• Residential
• Commercial
• Industrial
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Wire and Cable Materials Market, By Cable Type

• 5.1 Introduction
• 5.2 Power Cables
  • 5.2.1 Low Voltage
  • 5.2.2 Medium Voltage
  • 5.2.3 High Voltage
• 5.3 Communication Cables
  • 5.3.1 Fiber Optic Cables
  • 5.3.2 Coaxial Cables
  • 5.3.3 Twisted Pair Cables
• 5.4 Specialty Cables
  • 5.4.1 Automotive Cables
  • 5.4.2 Aerospace Cables
  • 5.4.3 Submarine Cables
  • 5.4.4 Industrial Cables

6 Global Wire and Cable Materials Market, By Application

• 6.1 Introduction
• 6.2 Energy & Power
• 6.3 Construction & Infrastructure
• 6.4 Automotive
• 6.5 Telecom & IT
• 6.6 Aerospace & Defense
• 6.7 Industrial Equipment
• 6.8 Consumer Electronics
• 6.9 Other Applications

7 Global Wire and Cable Materials Market, By End User

• 7.1 Introduction
• 7.2 Residential
• 7.3 Commercial
• 7.4 Industrial
• 7.5 Other End Users

8 Global Wire and Cable Materials Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Prysmian Group
• 10.2 Nexans
• 10.3 Southwire Company, LLC
• 10.4 Fujikura Ltd.
• 10.5 Furukawa Electric Co., Ltd.
• 10.6 Sumitomo Electric Industries, Ltd.
• 10.7 LS Cable & System Ltd.
• 10.8 General Cable Corporation
• 10.9 KEI Industries Ltd.
• 10.10 Polycab India Ltd.
• 10.11 TE Connectivity Ltd.
• 10.12 Amphenol Corporation
• 10.13 Belden Inc.
• 10.14 Hengtong Group Co., Ltd.
• 10.15 Sterlite Technologies Ltd.