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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~7% |
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Base Year Market Size (2023) |
~USD 34 Billion |
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Forecast Year Market Size (2036) |
~USD 255 Billion |
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Regional Synopsis |
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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:
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Cable Type |
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Extrusion Type |
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Operation |
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Application |
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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.
Author Credits: Rushikesh, Richa Gupta
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