Live wire: Rising import competition will hinder industry growth

Operators in the Wire and Cable Manufacturing industry in Canada produce insulated nonferrous wire, cable and fibre-optic cable products that are essential to the electronics manufacturing, utilities, telecommunications and construction markets. Industry operators have experienced fluctuating operating conditions during much of the current five-year period. Demand from construction and telecommunications has supported demand during the five-year period. Over the five years to 2024, continued growth in metal input prices are expected to drive revenue growth. In addition, demand from the industry's construction and telecommunications markets is expected to rise...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
3.4%
Forecast Growth 19-24
Profit
Employment
3,394
Businesses
128
Market Share of Companies

Industry Threats & Opportunities

  • Continued growth in metal input prices is expected to drive revenue growth
  • International trade has presented an opportunity for domestic manufacturers
  • Demand from construction will rise, providing an improved domestic market
  • Industry Report - Starting a New Business Chapter

    The Wire and Cable Manufacturing industry in Canada has high barriers to entry due to the substantial initial costs to enter the market. New entrants must contend with large initial capital investments, establishing contracts with suppliers, creating a distribution network, attracting customers while achieving economies of scale and scope and having access to the latest technology.Manufacturers entering the market must establish a customer base to ensure that manufacturing facilities are operating at full capacity. Cable manufacturers in particular enter into multiyear contracts with buyers to maintain profit margins and ensure that the facilities are operating at full capacity. The...purchase to read more.

    Additional Insights for the Wire & Cable Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wire & Cable Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Having links with suppliers
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as World price of copper and Demand from construction in the Wire & Cable Manufacturing industry impact industry performance..

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    What's in this report

    What is the Wire & Cable Manufacturing Industry?

    This industry insulates fibre-optic cable and manufactures insulated nonferrous wire and cable from nonferrous wire drawn in other establishments.

    Industry Products
  • Electronic wire and cable
  • Telephone and telegraph wire and cable
  • Power wire and cable
  • Building wire and cable
  • Fibre-optic cable
  • Other wire and cable
  • Industry Activities
  • Electronic and cable
  • Telephone and telegraph wire and cable
  • Power wire and cable
  • Building wire and cable
  • Insulated optical fibre cable
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of copper
  • Demand from construction
  • Industrial capacity utilization
  • Canadian effective exchange rate index
  • Demand from broadcasting and telecommunications
  • World price of aluminum

  • Current Performance
  • Downstream demand
  • Import penetration
  • Volatile metal prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady demand
  • Steady metal prices
  • Import pressure
  • Industry structure
  • Table: Wire & Cable Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wire & Cable Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Utilities In Canada
  • Construction In Canada
  • Electricians in Canada
  • Cable Networks in Canada
  • Wired Telecommunications Carriers in Canada

  • Key Selling Industries
  • Aluminum Manufacturing in Canada
  • Nonferrous Metal Rolling & Alloying in Canada
  • Plastic Pipe & Parts Manufacturing in Canada
  • Synthetic Fibre Manufacturing in Canada

  • Products & Services
  • Fibre-optic cable
  • Electronic wire and cable
  • Power wire and cable
  • Building wire and cable
  • Other wire and cable
  • Telephone and telegraph wire and cable
  • Chart: Wire & Cable Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Telecommunications
  • Electrical and electronic product manufacturers
  • Power utilities
  • Building construction
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Wire & Cable Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Wire & Cable Manufacturing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wire & Cable Manufacturing Industry

  • Industry Globalization
    Prysmian Group, Nexans SA,
  • Table: Prysmian Group - financial performance
  • Table: Nexans SA - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wire & Cable Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wire & Cable Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • World price of copper (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Fibre-To-The-Premises (Fttp)
  • Fibre-optic cabling that allows simultaneous delivery of video, voice and data at very high speeds.
  • Insulating
  • The process of extruding PVC and then nylon, where applicable, over the solid or stranded wire.
  • Magnet Wire
  • An insulated copper or aluminum conductor used by major original equipment manufacturers and distributors.
  • What Our Customers Say

    Why buy this report?

    The Wire & Cable Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wire & Cable Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wire & Cable Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wire & Cable Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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