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Wiring Device Manufacturing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

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    Report

  • 97 Pages
  • July 2024
  • Region: United States
  • IBISWorld
  • ID: 239491

Wired up: Growing copper prices will likely increase selling prices for industry operators

The Wiring Device Manufacturing industry has contracted over the five years to 2023. The industry's role in the supply chains of manufacturing and construction-based industries makes it susceptible to demand factors affecting these markets. While macroeconomic growth has largely underpinned the expansion of manufacturing and construction markets over the period, the economic shocks bookending the five-year period are expected to cause challenging operating conditions for the industry. The added severity of the COVID-19 pandemic, which induced economic shock and led to a decline of 1.4% in 2020, is expected to accelerate the industry's troubles. That being said, the industry is expected to recover somewhat in 2023 as vaccination rates increase and the economy begins to slowly recover. Industry revenue has declined at an estimated annualized rate of 2.1% to $15.9 billion over the past five years, including a fall of 2.1% in 2023.

Companies in this industry manufacture current-carrying wiring devices and noncurrent-carrying wiring devices for wiring electrical circuits. These include products such as outlet and switch electrical wiring boxes, electrical insulators, transmission pole and line hardware, electrical metallic tubes, switches, conductor connectors, electric sockets, plugs and electric cords.

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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Te Connectivity ltd.
  • Hubbell Inc.
  • Legrand
  • Leviton Manufacturing Co., Inc.
  • Hammond Manufacturing Ltd.
  • Zekelman Industries, Inc.
  • Anamet Electrical Inc.
  • Vynckier Enclosure Systems Inc.
  • Bud Industries, Inc.

Methodology

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