Industry Analysis & Industry Trends
During the past five years, increased construction activity and expanded energy infrastructure spurred demand for the Wire and Cable Manufacturing industry's products. Yet despite improving downstream conditions since the recession, the industry has been challenged by heightened competition from foreign manufacturers for much of the five-year period. Even as the economy continues to recover over the next five years, import penetration is expected to constrain industry growth. Nevertheless, industry revenue is anticipated to rise steadily during the next five years as healthier construction markets and power transmission overhauls drive demand for wire and cable... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Wire and Cable Manufacturing industry is in the mature stage of its life cycle, although it may soon begin declining. Over the 10 years to 2021, industry value added (IVA), which measures the industry’s contribution to GDP, is expected to fall at an average annual rate of 0.3%, while GDP is expected to grow at an annualized rate of 1.9% over the same period. Generally, IVA growth below GDP growth is an indication of a declining industry. However, the dramatic drop in copper and aluminum prices over the first half of the period explains a large part of this negative trend in IVA.
The industry’s most significant sources of demand are deeply affected by the health of the economy, such as construction markets, government investment and industrial production... purchase to read more