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Wire & Cable Manufacturing in the US - Industry Market Research Report

Wire & Cable Manufacturing in the US - Industry Market Research Report

  • May 2019
  • 39 pages
  • ID: 499433
  • Format: PDF
  • By Ibisworld

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Hard wired: Industry revenue is forecast to increase as a result of an anticipated stabilization of copper prices

Abstract

Wire & Cable Manufacturing in the US
While economic conditions have improved overall during the five-year period, several economic events such as weakened emerging markets and the recent overhaul of import tariffs have produced substantial headwinds for Wire and Cable Manufacturing industry operators over the five years to 2019. The key factors driving growth during the five-year period have been increased construction activity and rising demand for telecommunication services. Relatively low interest rates and rising consumer incomes have incentivized both commercial and residential developments. Industry revenue is expected to continue growing over the five years to 2024. While import penetration will remain a significant threat, industry revenue is forecast to increase as a result of an anticipated stabilization of copper prices.

This 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.

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.

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