Saudi Arabia Wires & Cables Market Forecast 2027 – Projected Growth & Opportunities

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 is 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 Important Factors of Saudi Arabia's Wires & Cables Market

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 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 the 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 toward the development of the tourism industry in Saudi Arabia and the construction of the transport sector is expected to accelerate 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 including automotive, consumer electronics, and aerospace is expected to propel the market growth in the forecast period.

Saudi Arabia's 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

1. Saudi Cable Company
2. Bahra Cables HO
3. United Wire Factories Company – ASLAK
4. Bright Wires Co Ltd
5. Middle East Fiber Cable Manufacturing Co.
6. Gabas Albilad Wire Rope Factory
7. Saudi Wires Company Ltd.
8. Safe and Secure Trading Est. (SSTE)
9. 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.

The 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's 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 the dominant region or segment in the Saudi Arabia Wires & Cables market.
• To identify drivers and challenges for Saudi Arabia's 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's 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 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's 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 industry experts and company representatives and externally validated them by 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 policymakers
• 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.

Attribute	Details
Base Year	2021
Historical Data	2017 – 2020
Estimated Year	2022
Forecast Period	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's 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:
  • Copper
  • Aluminum
  • Glass
• Saudi Arabia Wires & Cables Market, By Installation:
  • Overhead
  • Underground
• Saudi Arabia's 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's Wires & Cables market.

 

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Table of Content

Product Overview

2. Research Methodology
3. Impact of COVID-19 on Saudi Arabia Wires & Cables Market
4. Executive Summary
5. Saudi Arabia's Wires & Cables Market Outlook

5.1.  Market Size & Forecast

5.1.1. By Value

5.2.  Market Share & Forecast

5.2.1. By Voltage (Low, Medium, High, Extra High)

5.2.2. By Products (Fiber Optic Cable, Co-Axial Cable, Other Cables)

5.2.3. By Material (Copper, Aluminum, Glass)

5.2.4. By Installation (Overhead, Underground)

5.2.5. By End Use (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication, Others)

5.2.6. By Region

5.2.7. By Company (2021)

5.3.  Product Market Map

6. Saudi Arabia Fiber Optic Wires & Cables Market Outlook

6.1.  Market Size & Forecast          

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Voltage

6.2.2. By Material

6.2.3. By Installation

6.2.4. By End Use

7. Saudi Arabia Co-Axial Wires & Cables Market Outlook

7.1.  Market Size & Forecast          

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Voltage

7.2.2. By Material

7.2.3. By Installation

7.2.4. By End Use

8. Market Dynamics

8.1.  Drivers

8.2.  Challenges

9. Market Trends & Developments
10. Policy & Regulatory Landscape
11. Saudi Arabia Economic Profile
12. Competitive Landscape

12.1.              Company Profiles

12.1.1.   Saudi Cable Company

12.1.2.   Bahra Cables HO

12.1.3.   United Wire Factories Company – ASLAK

12.1.4.   Bright Wires Co Ltd

12.1.5.   Middle East Fiber Cable Manufacturing Co.

12.1.6.   Gabas Albilad Wire Rope Factory

12.1.7.   SAUDI WIRES COMPANY Ltd.

12.1.8.   Safe and Secure Trading Est. (SSTE)

12.1.9.   Jeddah Cable Company

12.1.10. alfanar Technical Services

13. Strategic Recommendations