Global Copper Stranded Wire Market Overview:
The copper stranded market is seeing strong rivalry across the globe. The companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focus on maintaining sustainable development. The players are focusing on securing the leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage. To meet a high market share, and developing socially responsible business companies are identifying various strategic pillars such as mergers & acquisitions, new product launch, product enhancement, and others. Some of the key players profiled in the study are Prysmian Group (Italy), Nexans (France), General Cable (United States), Sumitomo Electric (Japan), Southwire (United States), Superior Essex (United States), Poly Cab (India), Alfanar (Saudi Arabia), Service Wire (United States) and Owl Wire & Cable (United States).
On the basis of geography, the market of Copper Stranded Wire has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Geometry, the sub-segment i.e. Bunched will boost the Copper Stranded Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Construction will boost the Copper Stranded Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Hard-Drawn Copper Wire. will boost the Copper Stranded Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Application of Electric Supply in Various Sector
- High Funding In Construction Activities by Government from MEA Regions
- Copper stranded wires are highly used for the electric supply and also installed at both the residential and industrial levels. The major revenue generation is coming from the copper stranded market is the construction industry. According to the Institution of Civil Engineers (ICE) study, the global construction sector is will reach USD 8 trillion by 2030.
- High Cost Associated With Copper Stranded Wire
- Development in Automotive Industry, Along With Increasing Demand for the Copper Stranded Wire in This Sector
- Fluctuation in Foreign Currency Exchange
In Dec 2019, Sumitomo Machinery Corp. of America announced the acquisition of LUFTEX GEARS. Which shows a very important step in the copper industry. The company is taking initiatives to become more competitive in this industry.
The global copper stranded wire market is highly competitive and consists of some leading key players. In terms of market share, some of the major players are highly dominating the global market. These market-leading players are focusing on strategic initiatives to enhance their market share and improve their profitability.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Copper Stranded Wire Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Copper Stranded Wire market on the basis of product [Solid Copper Stranded Wire and Soft Copper Stranded Wire] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Copper Stranded Wire market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Copper Stranded Wire industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Pewc (China), Sarkuysan (Turkey) and ADC (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Copper Stranded Wire market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.