GCC Wires and Cables Market Research Report: Forecast (2021-2026)

Market Overview

According to the MarkNtel Advisors’ research report, “GCC Wires and Cables Market Analysis, 2021,” the market is likely to grow at a CAGR of 50% during the forecast period of 2021-26. It owes to various government initiatives & strategic investments toward the development of the market, fueling the demand for wires & cables in the region. The advancement of smart cities and the construction of commercial buildings are other crucial factors propelling the GCC wires & cables market.

Impact of COVID-19

Amid the outbreak of COVID-19, various industries experienced a negative impact on the market. With the imposition of lockdown, most production units got shut, thereby halting the manufacturing processes. These units are essential as they drive the industrialization of prosperity all around. The pandemic further caused a delay in the supply of products and severely hampered the overall business. However, with the gradual upliftment of restrictions, the market is recovering and shall get back at its usual pace in the forecast period.

Market Segmentation

Aluminum Shall Witness the Largest Market Share

Aluminum Wires & Cables are likely to witness the largest market share in the forecast years due to prominent factors, including the ongoing projects for events & expos and the construction of power plants in the region. GCC is also likely to observe an expanding requirement for aluminum in the preview years because of high associations of aluminum wires & cables. Therefore, these factors shall boost the demand for aluminum wires in the forecast period, reveals MarkNtel Advisors in their research report, “GCC Wires and Cables Market Analysis, 2021.”

Copper Wires likely to attain the Fastest Growth Rate

The Copper Wires segment is very likely to achieve the fastest market growth in the forecast period due to features like less resistance against the electric current, making them an outstanding choice for wires used in homes & commercial spaces. Moreover, copper wirings used in single conducting cable connecting wires offer excellent durability, strength, and better insulation, making their demand skyrocketing. Hence, based on these factors, it is likely that the copper wires segment shall attain the fastest growth rate in the years to come.

Country Landscape

Qatar Attains for the Largest Market Share

Qatar is likely to attain the largest market share in the forecast period due to the massive government funding toward economic expansion, thereby increasing the demand for wires & cables in the country. Furthermore, the development of Smart in line with the Qatar Vision 2030, which further increases the investment for several residential & commercial projects, is also a critical factor contributing to the market growth in Qatar.

Market Driver

The market is likely to grow massively in the forecast years primarily due to the burgeoning number of government initiatives & strategic investments toward developing the wires & cables market. Alongside that, the advancement of smart cities and the construction of commercial buildings are also a few crucial reasons likely to propel the GCC wires & cables market. 

Competitive Landscape

According to MarkNtel Advisors, the major leading players in the GCC Wires and Cables Market are Riyadh Cable, Jeddah CableBahra Cables, Al Fanar Electrical Systems, Dubai Cable, Power Plus Cables, National Cable Industry, Oman Cables Industry (OCI), QICC Cables, Doha Cables.

Key Questions Answered in the Market Research Report:

1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the GCC Wires and Cables Market?
2. What is the country-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the GCC Wires and Cables Market?  
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the GCC Wires and Cables Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the GCC Wires and Cables Market study?  

Market Outlook, Segmentation, and Statistics

• Impact of COVID-19 on GCC Wires and Cables Market
• Market Size & Analysis
  • By Revenue
• Market Share & Analysis
  • By Type
    • Data
    • Fire resistance
    • Coaxial,
    • Signal
    • Power Cable - >1kV
    • MV, HV, EHV
    • Low Voltage Energy <1kV
  • By Material
    • Copper
    • Glass
    • Aluminum
  • By End-User
    • Residential
    • Commercial
    • Industrial
    • Telecom
    • Others
  • By Installation
    • Overhead,
    • Underground
  • By Region
    • Saudi Arabia Wires and Cables Market Outlook, 2016-2026F (USD Million)
    • UAE Wires and Cables Market Outlook, 2016-2026F (USD Million)
    • Kuwait Wires and Cables Market Outlook, 2016-2026F (USD Million)
    • Oman Wires and Cables Market Outlook, 2016-2026F (USD Million)
    • Bahrain Wires and Cables Market Outlook, 2016-2026F (USD Million)
    • Qatar Wires and Cables Market Outlook, 2016-2026F (USD Million)
  • By Competitors
    • Competition Characteristics
    • Market Share & Analysis
    • Competitive Metrix
• GCC Wires and Cables Market Hotspots & Opportunities
• GCC Wires and Cables Market Regulations & Policy
• Key Strategic Imperatives for Success and Growth
• GCC Competition Outlook
  • Competition Matrix
  • Company Profile

Frequently Asked Questions