Wire & Cable Manufacturing in the US - Market Research Report

Cable knit: Decreased production costs will help stabilize industry profit

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Wire and Cable Manufacturing industry provides insulated nonferrous wire, cable and fiber-optic cable products that are essential to the industrial, utilities, construction and telecommunications markets. Over the past five years, the industry has been affected by a decline in the value of nonresidential construction stemming from the COVID-19 pandemic in 2020, volatile copper prices and the implementation of import tariffs. Nonetheless, as key downstream markets reopen again, industry revenue has rebounded. Overall, industry revenue increased at a CAGR of 1.1% to $14.3 billion over the past five years, even as revenue declined 5.0% in 2023. The Wire and Cable Manufacturing industry manufactures insulated nonferrous wire and cable and fiber-optic cable used for power transmission and communication. This industry does not manufacture nonferrous wire or unsheathed fiber-optic materials, and instead uses wire and optical fiber manufactured by companies outside the industry.