Saudi Arabia Wires & Cables Market (2020-2026) | Revenue, Share, COVID-19 IMPACT, Companies, Forecast, Industry, Analysis, Growth, Value, Size, Trends & Outlook

Saudi Arabia Wires and Cables Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by the USA. It has registered a growth of 7.57% over the previous year. While the USA registered a decline of -10.25% as compared to the previous year. In the year 2017, China was the largest exporter followed by Rep. of Korea. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Saudi Arabia has a Herfindahl index of 1196 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  1436 which signifies high competitiveness in the market.

The latest development (2023) of the Saudi Arabia Wires & Cables Market 

Saudi Arabia Wires & Cables Market is anticipated to experience significant growth on account of increasing demand for superior quality products and services. The market is propelled by various government initiatives such as Vision 2030 which aims at increasing investments in various infrastructure and construction projects. This has led to a rise in demand for premium wires & cables from communication networks, telecoms, power utilities and other end-users.  To capitalize on this trend various players are focusing on launching innovative products designed specifically for emerging applications like smart homes and automated systems and it has created lucrative offers in the industry.

Topics Covered in Saudi Arabia Wires & Cables Market Report 

Saudi Arabia Wires & Cables Market report thoroughly covers the market by voltage, installation and end user. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Wires & Cables Market is projected to grow over the coming year. Saudi Arabia Wires & Cables Market report is a part of our periodical regional publication Middle East Wires & Cables Market outlook report. 6W tracks the Wires & Cables market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Wires & Cables Market Outlook report annually.

Saudi Arabia Wires & Cables Market Synopsis

Saudi Arabia Wires & Cables Market is estimated to grow in the forecast period due to increasing construction activities. The surging establishment of industries, business hubs and infrastructure development programs are boosting the market. The rising government initiatives to develop the transportation and tourism sector are also adding to the development of the industry.

According to 6Wresearch, Saudi Arabia Wires & Cables Market size is likely to register growth during 2020-2026. Surging usage of Wires & cables in various applications of industrial and commercial sectors such as buildings and underground wiring. Ongoing infrastructure development in the telecom sector is also propelling the growth of the market. The focus of the country on industrialization and diversification of its economy has led to the growth of various industries and the wires & cables industry is no exception. The major reason for the growth of the market is Infrastructure Development.  There is heavy investment in infrastructure projects, transportation, utilities, and the construction of residential and commercial buildings. The success of the market can be attributed to the factor that it is a significant part of the Middle East Wires & Cables Market. There are some challenges prevalent in the market. Rapid technological advancements will lead to the adoption of wireless technologies and it could affect the demand for certain types of wires & Cables. The market for wires and cables in Saudi Arabia is very competitive on account of the presence of domestic and international players and this has led to price sensitivity among buyers.

COVID-19 Impact on Saudi Arabia Wires & Cables Market

The COVID-19 pandemic had a severe impact on the Saudi Arabia Wires & Cables Industry as it led to widespread lockdowns, restrictions on travel, and supply chain disruptions which affected both production and demand for wires and cable in the domestic and international markets. The fluctuating oil prices affected the economy and added to the uncertainties surrounding infrastructure investments and further impacted the growth of the market. The increased demand for data transmission and telecommunication services during the pandemic impacted the demand for specialized cables for remote working and online communication.

Saudi Arabia Wires & Cables Market: Key players

• Saudi Cable Company (SCC)
• Riyadh Cables Group Company
• Arabian Gulf Manufacturers Ltd. (AGM)
• Alfanar Group
• Nexans Saudi Arabia
• Belden Saudi Arabia
• Elsewedy Electric Saudi Arabia
• Riyadh Cables & Metals Recycling Company (RCM)
• Prysmian Group Saudi Arabia
• Sumitomo Electric Saudi Arabia Company Limited

These are the notable players in the Wires & Cables Market in Saudi Arabia who are widely engaged in the manufacturing process and distribution system of the wires &cables in the country.

Market by Voltage

According to Ravi Bhandari, Research Manager, 6Wresearch the low voltage segment is expected to witness remarkable growth due to the use of low voltage cables in the electrical wiring of residential, commercial, and industrial buildings

Market by Installation

Based on the installation, the overhead installation will witness growth in the forecast year on account of its use in the development of infrastructure projects and it has led to a significant increase in Saudi Arabia Wires & Cables Market Growth.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Wires & Cables Market Outlook
• Market Size of Saudi Arabia Wires & Cables Market, 2019
• Forecast of Saudi Arabia Wires & Cables Market, 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Revenues & Volume for the Period 2016 - 2026
• Saudi Arabia Wires & Cables Market Trend Evolution
• Saudi Arabia Wires & Cables Market Drivers and Challenges
• Saudi Arabia Wires & Cables Price Trends
• Saudi Arabia Wires & Cables Porter's Five Forces
• Saudi Arabia Wires & Cables Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Low Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Medium Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Extra-High Voltage for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Installation for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Overhead for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Underground for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By End-users for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Aerospace & Defense for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Building & Construction for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Oil & Gas for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Energy & Power for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By IT & Telecommunication for the Period 2016 - 2026
• Historical Data and Forecast of Saudi Arabia Wires & Cables Market Revenues & Volume By Others for the Period 2016 - 2026
• Saudi Arabia Wires & Cables Import Export Trade Statistics
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By Installation
• Market Opportunity Assessment By End-users
• Saudi Arabia Wires & Cables Top Companies Market Share
• Saudi Arabia Wires & Cables Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Wires & Cables Company Profiles
• Saudi Arabia Wires & Cables Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Voltage

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

By Installation

• Overhead
• Underground

By End-users

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