Market Forecast By Voltage (Low Voltage, Medium Voltage, High Voltage, and Extra High Voltage), By Products (Multi-Conductor, Twisted Pair, Coaxial and Fibre Optics), By Installations (Overhead and Underground), By Materials (Copper, Aluminum, and Glass), By Applications (Residential, Commercial, Industrial, Energy and Power, IT and Telecommunication and Others ((Hospitality, Healthcare, Aerospace, etc.)) And Competitive Landscape
Product Code: ETC002254 | Publication Date: Feb 2023 | Updated Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 12 | No. of Tables: 8 | |
Saudi Arabia Wires and Cables Market registered a decline of -17.41% in value shipments in 2021 as compared to 2020 and a decrease of -26.58% CAGR in 2021 over a period of 2017. In Wires and Cables Market Saudi Arabia is becoming less competitive as HHI index in 2021 was 3793 while in 2017 it was 1547. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Saudi Arabia has reportedly relied more on domestic production to meet its growing demand in Wires and Cables Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Wires and Cables Market in 2021 was 0.14 while in 2017 it was 0.56. China, Jordan, Greece, Italy and Germany were among the top players of the market in 2021, where China acquired the largest market share of 51.35% with a shipment value of 13.95 million USD in 2022 China also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Wires and Cables Market. In 2017 Egypt had the largest market share of 26.86% with the shipment value of 41.4 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Egypt price is lower than the average price, it provided a significant edge among other competitor in 2017.
Saudi Arabia Wires and Cables Market report thoroughly covers the market by voltage, by-products, installations, materials, and applications. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high-growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.
Saudi Arabia Wires and Cables Market has been developing rapidly in recent years with an increase in demand for high-quality, and innovative products. The expansion of smart grids and renewable energy projects has led to the growing demand for specialized wires and cables. The growing construction sector has resulted in a rise in demand for the electrical wires and cables industry in Saudi Arabia. The growing e-commerce sector has also increased the demand for data and communication cables. The implementation of new safety regulations has led to a demand for high-quality and fire-resistant wires and cables.
The formation of new industrial parks has driven the demand for high-performance and specialized cables for various industries such as mining, oil and gas, and petrochemicals. The market is expected to continue its growth which is majorly driven by the country's economic development and increasing demand for advanced and specialized products. Further, the increase in automation and digitalization in Saudi Arabia is expected to drive demand for control and automation cables. The government of Saudi Arabia is supporting the development of the construction and automotive industries, which is expected to increase the demand for the wires and cables market in Saudi Arabia.
Saudi Arabia wires and cables market has registered growth in 2021 on account of investment in the private sector, construction of utility infrastructure such as the expansion of electricity transmission lines, and a shift toward renewable energy sources for energy requirements. However, due to the outbreak of COVID-19 major construction projects came to a halt, which negatively impacted the demand for wires and cables in 2020. Although, as soon as the lockdown was lifted the market started recovering from the losses and the market is expected to grow in the forecast period on account of the growing construction sector in Saudi Arabia.
According to 6Wresearch, Saudi Arabia Wires and Cables market size grew at a CAGR of 7.1% during 2022-2028. under National Transformation Program(NTP), Saudi Arabia Vision 2030, the government plans to develop ports, railway lines, manufacturing facilities, and airports, with an aim to reduce the country’s dependency on the oil sector, boding well with the growing demand for wires and cables during the forecast period.
In 2021, the energy & power segment held the majority of market revenue share in the Saudi Arabia wires and cables market and is expected to maintain its dominance during the forecast period as well on account of the expansion of power transmission lines.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Saudi Arabia Wires & Cables Market Overview |
3.1. Saudi Arabia Wires and Cables Market Revenues & Volumes, 2018-2028F |
3.2. Saudi Arabia Wires and Cables Market-Industry Life Cycle |
3.3. Saudi Arabia Wires and Cables Market-Porter’s Five Forces |
3.4. Saudi Arabia Wires and Cables Market Revenues & Volumes Share, By Voltage Types, 2020 & 2028F |
3.5. Saudi Arabia Wires and Cables Market Revenue Share, By Installation Types, 2020 & 2028F |
3.6. Saudi Arabia Wires and Cables Market Revenue Share, By Material Types, 2020 & 2028F |
3.7 Saudi Arabia Wires and Cables Market Revenue Share, By Applications, 2020 & 2028F |
3.8 Saudi Arabia Wires and Cables Market Revenue Share, By Regions, 2020 & 2028F |
4. Saudi Arabia Wires & Cables Market COVID-19 Impact Analysis |
5. Saudi Arabia Wires & Cables Market Dynamics |
5.1. Impact Analysis |
5.2. Market Drivers |
5.3. Market Restraints |
6. Saudi Arabia Wires & Cables Market Trends |
7. Saudi Arabia Wires & Cables Market Overview, By Voltage |
7.1. Saudi Arabia Wires & Cables Market Revenues and Volumes, By Low Voltage, 2018 & 2028F |
7.2 Saudi Arabia Wires & Cables Market Revenues and Volumes, By Medium Voltage, 2018 & 2028F |
7.3 Saudi Arabia Wires & Cables Market Revenues and Volumes, By High Voltage, 2018 & 2028F |
7.4 Saudi Arabia Wires & Cables Market Revenues and Volumes, By Extra High Voltage, 2018 & 2028F |
8. Saudi Arabia Wires & Cables Market Overview, By Installation Type |
8.1 Saudi Arabia Wires & Cables Market Revenues, By Overhead, 2018-2028F |
8.2 Saudi Arabia Wires & Cables Market Revenues, By Underground, 2018-2028F |
9. Saudi Arabia Wires & Cables Market Overview, By Material Type |
9.1 Saudi Arabia Wires & Cables Market Revenues, By Copper, 2018-2028F |
9.2 Saudi Arabia Wires & Cables Market Revenues, By Aluminium, 2018-2028F |
9.3 Saudi Arabia Wires & Cables Market Revenues, By Glass, 2018-2028F |
10. Saudi Arabia Wires & Cables Market Overview, By Applications |
10.1 Saudi Arabia Wires & Cables Market Revenues, By Residential, 2018-2028F |
10.2 Saudi Arabia Wires & Cables Market Revenues, By Buildings and Commercial, 2018-2028F |
10.3 Saudi Arabia Wires & Cables Market Revenues, By Industrial, 2018-2028F |
10.4 Saudi Arabia Wires & Cables Market Revenues, By Power and Energy, 2018-2028F |
10.5 Saudi Arabia Wires & Cables Market Revenues, By IT & Telecommunications, 2018-2028F |
10.6 Saudi Arabia Wires & Cables Market Revenues, By Healthcare, 2018-2028F |
10.7 Saudi Arabia Wires & Cables Market Revenues, By Gaming & Amusements, 2018-2028F |
10.8 Saudi Arabia Wires & Cables Market Revenues, By Automotive, 2018-2028F |
10.8.1. Saudi Arabia Wires & Cables Market Revenues, By Light Automotive Vehicles, 2018-2028F |
10.8.2. Saudi Arabia Wires & Cables Market Revenues, By Heavy Automotive Vehicles, 2018-2028F |
10.8.3. Saudi Arabia Wire & Cables Market Revenues, By Electronic Automotive Vehicles, 2018-2028F |
10.8.4. Saudi Arabia Wires & Cables Market Revenues, By Motorbikes Automotive Vehicles, 2018-2028F |
10.8.5 Saudi Arabia Wires & Cables Market Revenues, By Others Automotive Vehicles, 2018-2028F |
10.9 Saudi Arabia Wires & Cables Market Revenues, By Others, 2018-2028F |
11. Saudi Arabia Wires & Cables Market Overview, By Regions |
11.1 Saudi Arabia Wires & Cables Market Revenues, By Northern, 2020 & 2028F |
11.2 Saudi Arabia Wires & Cables Market Revenues, By Central, 2020 & 2028F |
11.3 Saudi Arabia Wires & Cables Market Revenues, By Southern, 2020 & 2028F |
12. Saudi Arabia Wires & Cables Market- Key Performance Indicators |
13. Saudi Arabia Wires & Cables Market Opportunity Assessment |
13.1. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Voltage, 2028F |
13.2. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Installation, 2028F |
13.3. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Applications, 2028F |
13.4 Saudi Arabia Wires & Cables Market Opportunity Assessment, By Regions, 2028F |
14. Saudi Arabia Wires & Cables Market Competitive Landscape |
14.1. Saudi Arabia Wires & Cables Market Revenue Share, By Companies (2021) |
14.2. Saudi Arabia Wires & Cables Market Competitive Benchmarking, By Technical Parameters |
14.3. Saudi Arabia Wires & Cables Market Competitive Benchmarking, By Operating Parameters |
15. Saudi Arabia Wires & Cables Market Key Clients Identification |
16. Company Profiles |
16.1. Belden Inc. |
16.2. Fujikura Ltd. |
16.3. Furukawa Electric Co. Ltd. |
16.4. Leoni AG |
16.5. Leviton Manufacturing Co. |
16.6 LS Cables & System Ltd |
16.7 Molex Inc. |
16.8 Nexans |
16.9 Prysmian SpA |
16.10 Sumitomo Corporation |
16.11 Viakable S.A. de C.V |
17. Key Strategic Recommendations |
18. Disclaimer |
List of Figures |
1. Saudi Arabia Wires and Cables Market Revenues & Volumes, 2018-2028F ($ Billion, Million Tons) |
2. Industry Life Cycle of Saudi Arabia Wire and Cable Market |
3. Saudi Arabia Wires and Cables Market Revenue Share, By Voltage Types, 2020 & 2028F |
4. Saudi Arabia Wires and Cables Market Volume Share, By Voltage Types, 2020 & 2028F |
5. Saudi Arabia Wires and Cables Market Revenue Share, By Installation Types, 2020 & 2028F |
6. Saudi Arabia Wire and Cables Market Revenue Share, By Material Types, 2020 & 2028F |
7. Saudi Arabia Wire and Cables Market Revenue Share, By Applications, 2020 & 2028F |
8. Saudi Arabia Wire and Cables Market Revenue Share, By Regions, 2020 & 2028F |
9. COMEX Copper Prices, October 2020-March 2021 (U.S. Dollars per Pounds) |
10. Saudi Arabia Estimated Investment in Electric Sector 2021-2031 ($ Billion) |
11. Saudi Arabia Clean Energy Generation Goals, 2018-28 |
12. Saudi Arabia Expected Renewable Power Generation Capacity, 2010-2030 |
13. Saudi Arabia Clean Energy Investment, 2016-2030 |
14. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Voltage Types, 2028F |
15. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Installation Types, 2028F |
16. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Applications, 2028F |
17. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Regions, 2028F |
18. Saudi Arabia Wires & Cables Market Revenue Share, By Companies, 2020 |
List of Tables |
1. Saudi Arabia Ongoing Transmission Projects, 2021-2025 |
2. Saudi Arabia Wire and Cables Market Revenues, By Voltage, 2018-2028F ($ Million) |
3. Saudi Arabia Wire and Cables Market Volumes, By Voltage, 2018-2028F (Thousand Tons) |
4. Saudi Arabia Wire and Cables Market Revenues, By Installation, 2018-2028F ($ Million) |
5. Saudi Arabia Wire and Cables Market Revenues, By Materials, 2018-2028F ($ Million) |
6. Saudi Arabia Wire and Cables Market Revenues, By Applications, 2018-2028F ($ Million) |
7. Saudi Arabia Wire and Cables Market Revenues, By Building & Commercial Application, 2018-2028F ($ Million) |
8. Saudi Arabia Wire and Cables Market Revenues, By Power & Energy Application, 2018-2028F ($ Million) |
9. Saudi Arabia Wire and Cables Market Revenues, By Industrial Application, 2018-2028F ($ Million) |
10. Saudi Arabia Wire and Cables Market Revenues, By IT & Telecommunication Application, 2018-2028F ($ Million) |
11. Saudi Arabia Wire and Cables Market Revenues, By Healthcare Application, 2018-2028F ($ Million) |
12. Saudi Arabia Wire and Cables Market Revenues, By Gaming & Amusements Application, 2018-2028F ($ Million) |
13. Saudi Arabia Wire and Cables Market Revenues, By Automotive Application, 2018-2028F ($ Million) |
14. Saudi Arabia Wire and Cables Market Revenues, By Regions, 2018-2028F ($ Million) |
15. Saudi Arabia Physical Goals of Transmission Works by Voltage level, 2021-27 (Km-C) |
16. Saudi Arabia Under Construction Projects, 2021-2025 |
Market Report By Voltages (Low Voltage, Medium Voltage, High Voltage, Extra High Voltage), By Installation (Overhead, Underground), By Products (Fiber Optic Cable, Co-axial Cable And Other Cables), By Material (Copper, Aluminium, Glass), By End Users (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication And Others), By Regions (Central Region, Western Region, Eastern Region, Southern Region) And Competitive Landscape
Product Code: ETC002254 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Saudi Arabia Wires And Cables Market report thoroughly covers the market by voltage, installation, product, material, end-users, and regions including central, western, southern, and eastern regions. The Saudi Arabia wires and cables market outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia wires and cables market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia Wires and Cables Market Synopsis
Saudi Arabia Wires and Cables Market is anticipated to register significant growth during the forecast period due to Increasing construction activities, the establishment of business hubs, industries and infrastructure development programs which has amplified the demand for wires and cables across the kingdom of Saudi Arabia. Further, government initiatives such as Saudi Arabia Vision 2030 and a shift of focus of the Saudi government towards tourism and transportation would positively influence the growth of the Saudi Arabia Wires and Cables market during the forecast period. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.
According to 6Wresearch, Saudi Arabia Wires and Cables Market size is projected to grow at CAGR of 6.2% during 2020-2026. The wires and cables market in the region registered a decline during the first half of 2020 on account of the global economic slowdown caused by COVID-19, however, the aforementioned market is expected to recover post-2020. Saudi Arabian government is taking major steps to strengthen non-oil sectors due to the recent decline in crude oil prices, which has adversely affected the market during the last 3 years. With the expected recovery of crude oil prices and growth in public infrastructure development in the next few years, the market for wires and cables would rebound during the forecast period.
Market Analysis by Voltage
On the basis of voltage, low voltage segment has gained majority of the market share in the overall market revenues in 2019. High demand for high voltage cables from end-users such as telecom, power distribution, oil & gas, and aerospace & Defense sector is expected to be the major factors responsible for the growth of wires and cables over the forecast period. Furthermore, trends in the market such as polymer optic fiber products being widely used in automotive, aircraft manufacturing, electronics, and other industries apart from the telecommunications industry are also bound to increase the wires and cables market of Saudi Arabia during the forecast period.
Market Analysis by Installation
On the basis of installation, the overhead cables would show dominance in the Saudi Arabia wires and cables market revenues in 2019 although the underground cables would show the maximum growth owing to increase in the adaptability of underground systems along with maintenance cost benefits
Key Attractiveness of the Report
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
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