Saudi Arabia Wires & Cables
market is expected to grow at a steady CAGR during the forecast period. The
major income-generating source in Saudi Arabia in the oil industry and to
reduce the dependency on the oil industry and to diversify the income resources,
leading authorities are actively encouraging the development of industries and
infrastructural developments to fuel the economy of the country. The government
is trying to strengthen the non-oil sectors to boost the GDP of the country and
the expected spike in the price of crude oil coupled with the upcoming public
infrastructural development projects is expected to drive the demand of the
wires & cables market growth. An increase in the construction activities to
cater to the growing needs of the rising population is expected to influence
the wires & cables market growth. The establishment of the business hubs
and rise in the number of official and commercial spaces is expected to
contribute to the wires & cables market growth in the next years. The shift
in the focus of the government towards the development of the tourism industry
in Saudi Arabia and the construction of the transport sector is expected to
accelerate the market growth. High demand for high voltage cables from the
prominent industry verticals such as power distribution, oil & gas,
telecommunication, aerospace & defense, among others is expected to fuel
the wires & cables market growth.
The rise in the adoption of optic
cables in various end-user industries comprising of automotive, consumer
electronics, aerospace is expected to propel the market growth in the forecast
period.
Saudi Arabia Wires & Cables
market is segmented into voltage, products, material, installation, end use,
regional distribution, and company. Based on the material, the market can be
divided into copper, aluminum, and glass. The copper segment is expected to
witness growth in the forecast period, 2023-2027. The high demand from the
telecommunication and consumer electronics sector which uses copper wires as it
is an excellent conductor is expected to surge the growth of the copper segment
in the next five years. The growth of the construction industry owing to the
plethora of infrastructural developments is further expected to fuel the growth
of the wires & cables market.
The major players operating in the
Saudi Arabia Wires & Cables market are Saudi Cable
Company, Bahra Cables HO, United Wire Factories Company – ASLAK, Bright Wires
Co Ltd, Middle East Fiber Cable Manufacturing Co., Gabas Albilad Wire Rope Factory,
Saudi Wires Company Ltd., Safe and Secure Trading Est. (SSTE), Jeddah Cable
Company, among others. Major companies are developing advanced technologies
and launching new services to stay competitive in the market. Other competitive
strategies include mergers & acquisitions and new service developments.
Objective of the Study:
- To analyze the historical growth of the market
size of Saudi Arabia Wires & Cables market from 2017 to 2020.
- To estimate and forecast the market size of Saudi
Arabia Wires & Cables market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Saudi Arabia Wires
& Cables market based on voltage, products, material, installation,
end use, regional distribution, and company.
- To identify dominant region or segment in the Saudi
Arabia Wires & Cables market.
- To identify drivers and challenges for Saudi
Arabia Wires & Cables market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Saudi
Arabia Wires & Cables market.
- To identify and analyze the profile of leading
players operating in Saudi Arabia Wires & Cables market.
- To identify key sustainable strategies adopted
by market players in Saudi Arabia Wires & Cables market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Saudi Arabia Wires & Cables market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Wires & Cables manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to Wires & Cables market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
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Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historical Data
|
2017 – 2020
|
|
Estimated Year
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2022
|
|
Forecast Period
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2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments covered
|
·
Voltage
·
Product
·
Materials
·
Installation
·
End User
|
|
Regional scope
|
Western Region, Northern and Central Region, Eastern Region,
Southern Region
|
|
Key companies profiled
|
Saudi Cable Company, Bahra Cables HO, United Wire Factories
Company – ASLAK, Bright Wires Co Ltd, Middle East Fiber Cable Manufacturing
Co., Gabas Albilad Wire Rope Factory, Saudi Wires Company Ltd., Safe and
Secure Trading Est. (SSTE), Jeddah Cable Company.
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, Saudi Arabia Wires
& Cables market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
·
Saudi Arabia Wires & Cables Market,
By Voltage:
- Low
- Medium
- High
- Extra High
- Saudi Arabia Wires & Cables Market, By Products:
- Fiber
Optic Cable
- Co-Axial
Cable
- Other
Cables
- Saudi Arabia Wires & Cables Market, By Material:
- Saudi Arabia Wires & Cables Market, By Installation:
- Saudi Arabia Wires & Cables Market, By End Use:
- Aerospace
& Defense
- Building
& Construction
- Oil
& Gas
- Energy
& Power
- IT &
Telecommunication
- Others
- Saudi Arabia Wires
& Cables Market, By Region:
o Western Region
o Northern & Central Region
o Eastern Region
o Southern Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia Wires & Cables market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Saudi Arabia Wires & Cables market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]