Cable Extruders Market Size & Share, by Cable Type (Low Voltage, Medium Voltage, High Voltage); Extrusion Type (Single Layer. Double, Triple, Multi-Layer); Operation (Automated, Semi-Automated, Manual); Application (Automotive & Transportation, Building & Construction, Mining, Submarine, Power Transmission & Distribution, Telecommunication) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5909
  • Published Date: Mar 22, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024 -2036

Cable Extruders Market size is expected to reach USD 255 billion by the end of 2036, growing at a CAGR of 7% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of cable extruders was USD 34 billion. Expanding telecommunications circles, electricity distribution and transmission networks, and residential, commercial, and industrial facilities are driving the increased usage of cables. The need for Cable Extruders is anticipated to rise in response to demand from both new cable installations and upgrade projects. As to statistics it was encountered that data cabling installation works 20 times faster than wireless network. 

One of the major factors behind the increase in the cable extruders market share has been determined to be the need for cable insulation and jacketing. Plastic is the preferred insulating material, and manufacturers of finished goods use it through extrusion. Modern processes for producing cables for use in commercial, industrial, automotive, and power-generating settings can be found in extrusion systems or single cable machines.


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Cable Extruders Market: Growth Drivers and Challenges

Growth Drivers

  • Expansion of Infrastructure Businesses - In emerging nations, the use of cables and wires has significantly grown as the number of wavelengths has increased. In recent years, infrastructure companies have become important economic drivers. Residential, civic infrastructure, commercial, and industrial establishments are using more cables due to expanding electricity distribution and supply networks and telecommunication network circles. It is anticipated that there will be a greater need for Cable Extruders due to the demand for new cable installation and upgrading work, which will increase cable manufacture.
  • Vast Distribution of Network - Because larger transmission capacity extruded cables are employed, related technologies may now be applied at much higher power and transmission levels in places where paper cables were previously used. Because of the much lower degassing burden and improved scorch performance, stable production effectiveness has been boosted and the cable manufacturing phase has shortened. Longer transmission lengths and tighter integration of remote renewable energy sources are made possible by this. More sustainable practices will result in more efficient energy use, which will benefit utilities. Increasing the quantity of renewable energy that can be supplied to the grid will contribute to the acceleration of energy transformation.

Challenges

  • High Setup Cost - An increase in the setup costs for cable extrusion machines drives up the cost of manufacturing since these devices are very significant and require ongoing maintenance. Consequently, this drives up the final user's cost. Consequently, the cable extruders market expansion for Cable Extruders is hindered.
  • Fluctuation in Raw Material Prices is set to hamper the market growth in the forecast period
  • Evolving Regulations are predicted to hamper the cable extruders market growth in the upcoming period

Cable Extruders Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~7%

Base Year Market Size (2023)

~USD 34 Billion

Forecast Year Market Size (2036)

~USD 255 Billion

Regional Synopsis

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Cable Extruders Segmentation

Extrusion Type (Single Layer. Double, Triple, Multi-Layer)

In terms of extrusion type, the single layer segment is predicted to account for 40% share of the global cable extruders market by the end of 2036. The dominion can be attributed on the account of the fact that single-layer cables are simpler and cheaper to produce than multi-layer cables. They are also perfectly adequate for many applications such as low-voltage power cables and communication cables. Single layers need less material and a simpler extrusion process making them more cost-effective to produce than multi-layer cables. Single-layer cables can be produced more quickly than multi-layer cables as there is only one layer of material to be extruded. These are the significant factors driving the segment growth in the Cable Extruders market in the forecast period.

Application (Automotive & Transportation, Building & Construction, Mining, Submarine, Power Transmission & Distribution, Telecommunication)

Based on application, the automotive & transportation segment is predicted to account for 25% share of the global cable extruders market by the end of 2036. Modern-day vehicles are evolving with electronic components and requiring a complex network of cables for various functions. This includes power transmission, data transfer, and control systems for braking, steering, airbags, and entertainer systems. Additionally, the automotive sector uses a wide range of cables with particular properties. Furthermore, the automotive sector widely relies on automation in production lines. This translates to a demand for Cable Extruders that can integrate seamlessly with automated processes for efficient cable manufacturing. China's share of global sales accounted for around 33 %, making it the world leader in auto industry industrial robot sales.

Our in-depth analysis of the global market includes the following segments:

    Cable Type

  • Low Voltage
  • Medium Voltage
  • High Voltage

     Extrusion Type

  • Single Layer
  • Double
  • Triple
  • Multi-Layer

     Operation

  • Automated
  • Semi-Automated
  •  Manual

    Application

  • Automotive & Transportation
  •  Building & Construction
  • Mining
  • Submarine
  • Power Transmission & Distribution
  • Telecommunication

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Cable Extruders Industry - Regional Synopsis

European Market Forecasts

The cable extruders market in the Europe region is set to hold the largest revenue share of 35% during the forecast period 2024-2036. Europe is a pioneer in innovation and technology, and this is also true of the cable manufacturing sector. By constructing more manufacturing facilities, the area is seeking to boost its production of cables. The largest market for polymer cable production is Germany. France and Germany are the suppliers' main markets. Additionally, the production of automotive cables has increased in Europe recently due to advancements in the automobile industry. The number of excluded machines in Germany has increased as a consequence of the country's easy access to materials from the local market, as well as the presence of material producers and significant cable extruders actors.

 North American Market Statistics

The cable extruders market in the North America region is predicted to grow significantly during the forecast period. The cable industry in North America is highly valued by the U.S. and Canada. In the U.S., LSFOH cable usage trends are more favorable than PVC cable in the production of cables. PVC cable consumption is slowly falling. In the region, there is a high level of supplier activity which favors the development of extrusion machines. Bausano, one of the world's leading experts in designing and manufacturing special extrusion lines for plastic material transformation, introduced its next-generation twin screw extruder plastics to the United States and Canada in 2021.

Research Nester
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Companies Dominating the Cable Extruders Landscape

top-features-companies
    • IKG Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Axon Cable
    • Buhler Group
    • Hitachi Cable America
    • AMI International
    • Troester GmbH & Co. KG
    • Kurre Spezialmaschinenbau GmbH
    • MSS Cable Machinery GmbH
    • Norsk Hydro ASA
    • NKT A/S

In-the-news

In The News

  • In Q4 of this year, NKT will begin producing high-voltage power cables in the new extruded tower constructed at the Swedish high-voltage plant in Karlskrona. A significant component of the company's ongoing investment in its high-voltage power cable industry is the tower. Backed by a record large order backlog and an optimistic market forecast fueled by the shift to renewable energy, NKT launched a capital program in its high-voltage facilities in 2020. The addition of a new extrusion tower to the Swedish facility located in Karlskrona was a crucial aspect of the scheme. In the continuous high-voltage business investments, NKT has recently finished the construction and is beginning to manufacture the tower during Q4.
  • Together with industrial clients, the Tønder factory supplies car OEMs and Tier-1 suppliers. In addition to increasing production capacity and offering the ability to create extrusions with wider cross-sections, the new 12-inch, 6000-tonne extrusion press will primarily service the automobile industry. Hydro Extrusions has a network of specialist factories around Europe to cater to the automobile sector. The design of the new press at Tønder will be the same as that of the 12-inch automobile press now in use at the sister facility in Székesfehérvár, Hungary.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5909
  • Published Date: Mar 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing vast network integration and expansion of infrastructure business are some of the major factors anticipated to drive the growth of the cable extruders market.

The market is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are AMI International, Troester GmbH & Co. KG, Kurre Spezialmaschinenbau GmbH, MSS Cable Machinery GmbH, Norsk Hydro ASA, NKT A/S, and others.

The automotive & transportation segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Europe is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Cable Extruders Market Report Scope
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