The electronic and electric wires market value in Denmark has seen a steady decline over the past decade. The market was valued at 382.07 million Euros in 2013 and consistently decreased to 264.75 million Euros by 2023. This represents a year-on-year variation of -3.41% from 2022 to 2023. The five-year CAGR from 2018 to 2023 is approximately -2.92%. Forecasted values indicate a continued downward trend, with the market expected to shrink further to 219.43 million Euros by 2028, corresponding to a forecasted five-year CAGR of -3%.
Future trends to watch for:
- Technological advancements and automation in manufacturing processes.
- Increasing demand for renewable energy sources and their impact on wire consumption.
- Evolving regulatory and environmental standards affecting production and material usage.
- Potential market disruptions due to geopolitical factors and global supply chain issues.