North America Wires and Cables Market (2025-2031) | Forecast, Revenue, Outlook, Growth, Analysis, Size, Share, Value, Companies, Trends & Industry

North America Wires and Cables Market Size & Growth Rate

According to 6Wresearch internal database and industry insights, the North America Wires and Cables Market was valued at USD 45.2 billion in 2024 and is projected to reach nearly USD 67.5 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6% during the forecast period (2025–2031).

North America Wires and Cables Market Highlights

Topics Covered in the North America Wires and Cables Market Report

The North America Wires and Cables Market report thoroughly covers the market by countries, product types, voltages, installation methods, materials, and end users. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Wires and Cables Market Synopsis

The North America Wires and Cables Market is witnessing a massive growth in the recent years, driven by various factors, such as increasing demand for electricity and telecommunication services across the region. Also, the ongoing advancements in renewable energy infrastructure are estimated to be a significant growth accelerator. The market growth has been influenced by rising energy generation and distribution projects, smart grids across the region. Lastly, the demand for wires and cables is on the rise, with the growing shift toward environmentally friendly materials and the increasing need for high-speed data communication.

Evaluation of Growth Drivers in the North America Wires and Cables Market

Below are some prominent drivers and their influence on market trends:

 

North America Wires and Cables Market is expected to see a steady growth, registering a CAGR of 6% during 2025–2031. The rising investments in infrastructure development and ongoing renewable energy projects are estimated to boost the demand for wires and cables. Other factors contributing to the market growth are an increase in the demand for energy-efficient solutions and the rising expansion of electric vehicle (EV) charging infrastructure. Additionally, the requirement for high-quality cables is increasing due to rise of smart grid technologies and the ongoing modernization of power transmission and distribution networks across the region. The growing demand for high-performance cables in sectors like oil and gas, construction, and IT, further supports the North America Wires and Cables Market growth. 

Evaluation of Restraints in the North America Wires and Cables Market

Below are some major restraints and their influence on market dynamics:

North America Wires and Cables Market Challenges

The North America Wires and Cables Market has several challenges, such as fluctuating raw material costs and technological integration issues with fiber optics and high-speed data cables. Additionally, the reliance on traditional cables is hampered by an increased competition from wireless communication systems. Regulatory hurdles and environmental concerns surrounding cable disposal are also causing challenges for manufacturers.

North America Wires and Cables Market Trends

Some major trends contributing to revenue generation and the development of the North America Wires and Cables Market are.

• Rise of Smart Grids: The rising expansion of smart grids and IoT has increased the demand for wires and cables to enable real-time data communication and monitoring.
• Advanced Fiber Optic Technology: The expansion of fiber optic networks for 5G communication is driving a shift toward high-speed internet connectivity, increasing demand for fiber optic cables.
• Eco-friendly Materials: There is a growing trend toward using environment-friendly materials in cable manufacturing.

Investment Opportunities in the North America Wires and Cables Industry

Here are some investment opportunities in the North America Wires and Cables Industry.

• Electric Vehicle Charging Infrastructure Development: The demand for EVs is on the rise, with growing investments in high-quality, durable charging station cables.
• Fiber Optic Cables for 5G: Significant potential for growth in fiber optic cables to support 5G networks across urban and rural areas.
• Eco-friendly Cables Manufacturing: A rise in the demand for cables made from sustainable materials.

Top 5 Leading Players in the North America Wires and Cables Market

Here are some top companies listed:

1. Kuraray Co., Ltd.

Kuraray is a global leader in TPE innovation, known for its advanced SEPTON® styrene block copolymers and polymer blends. The company’s thermoplastic elastomers are widely used across automotive, medical, and consumer goods industries, emphasizing sustainability and high performance.

2. Kraton Corporation

Kraton is a major producer of styrenic block copolymers and TPE compounds, serving industries such as automotive, adhesives, and footwear. The company focuses on developing sustainable and high-performance materials that deliver durability and flexibility in demanding applications.

3. BASF SE

BASF provides a comprehensive range of thermoplastic elastomers, including polyurethanes and vulcanizates, catering to sectors like construction, automotive, and consumer goods. The company’s TPE portfolio emphasizes innovation, process efficiency, and recyclability.

4. Celanese Corporation

Celanese delivers engineered thermoplastic elastomers and copolymer esters that offer lightweight, durable, and high-performance solutions. The company serves industrial, automotive, and consumer markets, focusing on innovation and sustainability.

5. Dynasol Elastomers S.A. de C.V.

Dynasol Elastomers specializes in styrenic block copolymers and thermoplastic vulcanizates (TPVs), offering flexible, high-performance TPE solutions. Its products are widely used in the automotive, footwear, and industrial sectors, with a focus on versatility and sustainability.

Government Regulations Introduced in the North America Wires and Cables Market

The market growth is shaped by various favourable policies and initiatives introduced by the government authorities. The adoption of advanced technologies in wire production is increasing under the U.S. Department of Energy, as it has introduced guidelines to improve energy efficiency and reduce environmental impact. In the United States, the Infrastructure Investment and Jobs Act allocates significant funding for renewable energy projects and the expansion of electric vehicle charging infrastructure, boosting the need for cables.

Future Insights of the North America Wires and Cables Market

The future of the North America Wires and Cables Market share is estimated to increase in the coming years, driven by various factors, including the rising renewable energy projects and increased demand for high-speed internet across the region. The rising expansion of electric vehicle infrastructure is likely to boost the wires and cables demand. Technological advancements in fiber optics and smart grids, along with a rise in the focus on eco-friendly products, will be important to industry growth.

Market Segmentation Analysis

The report offers a comprehensive study of the following market segments and their leading categories.

Elevators to Dominate the Market - By Voltages

According to Rashika, Senior Research Analyst, 6Wresearch, Low voltage cables dominate the North American market due to their widespread use in residential and commercial infrastructure for power distribution and networking.

Underground Installations to Dominate the Market - By Installation

Underground installations are witnessing higher demand, particularly in urban areas where space constraints and aesthetics drive the need for buried cables, particularly in telecom and power distribution.

Fiber Optic Cables to Dominate the Market - By Products

Fiber optic cables are dominating the market due to the growing need for high-speed internet and telecommunication services, especially with the rollout of 5G networks.

Copper to Dominate the Market - By Material

Copper remains the dominant material for wires and cables due to its excellent conductivity, although aluminum is gaining traction as a lightweight and cost-effective alternative.

Energy and Power to Dominate the Market - By End Users

The energy and power sector dominate the end-user segment as a result of increasing power grid development, renewable energy projects, and the ongoing energy transition.

United States to Dominate the Market - By Countries

The United States holds the largest market share due to its extensive infrastructure development, significant investments in renewable energy, and technological advancements in telecommunications.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024.
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Wires and Cables Market Outlook
• Market Size of North America Wires and Cables Market, 2024
• Forecast of North America Wires and Cables Market, 2031
• Historical Data and Forecast of North America Wires and Cables Revenues & Volume for the Period 2021 - 2031
• North America Wires and Cables Market Trend Evolution
• North America Wires and Cables Market Drivers and Challenges
• North America Wires and Cables Price Trends
• North America Wires and Cables Porter's Five Forces
• North America Wires and Cables Industry Life Cycle
• North America Wires and Cables Market Revenues & Volume By Product Type for the Period 2021 - 2031
• North America Wires and Cables Market Revenues & Volume By Fiber Optic Cables for the Period 2021 - 2031
• North America Wires and Cables Market Revenues & Volume By Co-axial Cable for the Period 2021 - 2031
• North America Wires and Cables Market Revenues & Volume By Aluminum Cable for the Period 2021 - 2031
• North America Wires and Cables Market Revenues & Volume By Copper Cable for the Period 2021 - 2031
• North America Wires and Cables Market Revenues & Volume By End Users for the Period 2021 - 2031
• North America Wires and Cables Market Revenues & Volume By Energy & Power for the Period 2021 - 2031

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Type

• Fiber Optic Cable
• Co-axial Cable
• Other Cables

By Voltages

• Low Voltage
• Medium Voltage
• High Voltage
• Extra High Voltage

By Installation

• Overhead
• Underground

By Material

• Copper
• Aluminium
• Glass

By End Users

• Aerospace & Defense
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others

By Countries

• United States
• Canada
• Rest of North America