Wire & Cable Manufacturing in Canada - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Cable knit: Industry revenue will grow due to increased downstream demand

Operators in the Canadian Wire and Cable Manufacturing industry produce insulated nonferrous wire, cable and fibre-optic cable products that are essential to the electronics manufacturing, utilities, telecommunications and construction markets. The industry has endured rising import competition over the past five years, presenting a major obstacle for growth. Imports' share of domestic demand for wire and cable is anticipated to reach 47.1% in 2023, up from 43.2% in 2018. In addition, global copper and aluminum prices have experienced extreme volatility over the past five years. Industry operators must generally pass along purchase cost savings to customers, which means falling metal prices reduce revenue. The inverse is true when metal prices rise. Together, these trends have caused industry revenue to rise, increasing at a CAGR of 3.7% to $3.3 billion over the five years to 2023, including an increase of 2.8% in 2023 alone.

The Wire and Cable Manufacturing industry in Canada insulates fibre-optic cable and manufactures insulated nonferrous wire and cable from nonferrous wire drawn in other establishments.

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.