Saudi Arabia Wires & Cables Market 2026
2016 –2026 SAUDI ARABIA WIRES & CABLES MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Wires & Cables Thebasic key difference between wires and cables is that a wire is a single conductor whereas a cable is a group of conductors. And in case of cables, they run parallelly and are twisted or bonded together to form a single case. For the safety purpose, an inner and outer sheath is made. Market Segmentation VOLTAGE INSTALLATION • Low • Overhead Year Range • Medium • Underground • High • Extra High Review Period PRODUCTS END USE 2016 – 2019 • Fiber Optic Cable • Aerospace & Defense Base Year • Co-Axial Cable • Building & Construction • Other Cables • Oil & Gas 2020 • Energy & Power • IT & Telecommunication Estimated Year MATERIAL • Others • Copper 2021 • Aluminum REGION • Glass • Northern & Central Forecast Period • Southern 2022 – 2026 • Eastern • Western 2
Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Impact of COVID-19 on Saudi Arabia Wires & Cables Market 4. Executive Summary 5. Saudi Arabia Wires & Cables Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value 5.2. Market Share & Forecast 5.2.1. By Voltage (Low, Medium, High, Extra High) 5.2.2. By Products (Fiber Optic Cable, Co-Axial Cable, Other Cables) 5.2.3. By Material (Copper, Aluminum, Glass) 5.2.4. By Installation (Overhead, Underground) 5.2.5. By End Use (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication, Others) 5.2.6. By Region 5.2.7. By Company (2020) 5 .3 Product Market Map 3
Table of Contents S. No. Contents 6. Saudi Arabia Fiber Optic Wires & Cables Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Voltage 6.2.2. By Material 6.2.3. By Installation 6.2.4. By End Use 7. Saudi Arabia Co-Axial Wires & Cables Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Voltage 7.2.2. By Material 7.2.3. By Installation 7.2.4. By End Use 8. Market Dynamics 8.1. Drivers 8.2. Challenges 9. Market Trends & Developments 4
Table of Contents S. No. Contents 10. Policy & Regulatory Landscape 11. Saudi Arabia Economic Profile 12. Competitive Landscape 12.1. Competition Outlook 12.2. Company Profiles (Leading Companies) 12.2.1. Company Details 12.2.2. Products & Services 12.2.3. Financials (As Reported) 12.2.4. Key Market Focus & Geographical Presence 12.2.5. Recent Developments 12.2.6. Key Management Personnel 13. Strategic Recommendations 14. About Us & Disclaimer 5
RESEARCH METHODOLOGY
Research Methodology Market Formulating Developing List Data Data Data Profiling Questionnaire of Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical determine top players in interviews, TechSci specialists was industry experts and and secondary tools and internal the Saudi Arabia wires & formulated a detailed developed. industry players for research was proprietary database to cables market, overall discussion guide. data collection and validated through obtain qualitative and market size and segmental verification. rigorous quantitative insights about market size. triangulation. the Saudi Arabia wires & cables market. Primary Research Desk Research Company Analysis ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business ✓ IdentiingKey Opinion Leaders ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution ✓ Questionnaire Design Aspects/Dynamics ✓ In-depth Interviews ✓ Government Policies ✓ Conclusion Primary Research Secondary Paid Sources Research ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. 7
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia wires & cables market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as development of the telecommunication industry and increased investments in the smart grid technology. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Saudi Arabia wires & cables market. MethodologyFollowedforCalculationofMarketSize: • Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as wires & cables manufacturers,channelpartners,marketinfluencers&endusers,industryexperts,andotherindustryparticipants. • The team interviewed more than 15 – 20 wires & cables companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain stakeholders in the Saudi Arabia wires & cables market to obtain the overall market size from 2016-2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the marketsizedatafrom2016-2020. 8
Research Methodology • Respondents were asked about the current and future market growth rates, market shares by voltage, by products, by material, by installation, by end use, by company and by each region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed forCalculation of Market Shares: • Marketsharesbyvoltage, by products, by material, by installation, by end use, by company and by each region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various product types of wires & cables markets. The final shares were calculated by taking the geometric mean of the responses gathered from keyopinion leaders after eliminating the outliers. Methodology Followed forForecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/TableauSoftware. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia wires & cables market, TechSci Research used various forecast techniques such as: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 9
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources ▪ SaudiCable Company ▪ World Bank ▪ BahraCablesHO ▪ International Monetary Fund (IMF) ▪ United Wire Factories Company – ASLAK ▪ TechSci Research Proprietary Database & Knowledge ▪ Bright Wires Co Ltd Repository ▪ Middle East Fiber Cable Manufacturing Co. ▪ Company Annual Reports ▪ Gabas AlbiladWire Rope Factory ▪ Industry Magazines ▪ SAUDI WIRES COMPANY Ltd. ▪ Industry Reports ▪ Safe and Secure Trading Est. (SSTE) ▪ News Dailies ▪ JeddahCable Company ▪ Credible Paid Databases ▪ alfanar TechnicalServices 10
Industry Brief According to TechSci Research report, “Saudi Arabia Wires & Cables Market By Voltage (Low, Medium, High, Extra High) By Products (Fiber Optic Cable, Co- Axial Cable, Other Cables) By Material (Copper, Aluminum, Glass) By Installation (Overhead, Underground) By End Use (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication, Others) By Region, Company Forecast & Opportunities, 2026”, The Saudi Arabia Wires & Cables market is expected to witness steady growth in the next five years. The rise in electricity consumption in the residential and commercial sectors is expected to fuel the demand for power cables in the region. The rapid urbanization of people in search of better job opportunities and quality living standards is generating the requirement for more energy transmission which in turn is expected to fuel the demand for the wires & cables market. The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected countries adversely. Leading authorities of Saudi Arabia imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus-affected patients started suffering from shortness of breath along with coughing and sneezing. Due to the ongoing pandemic, the construction activities were temporarily stopped. Workers migrated back to their native places which led to a shortage of workforce during this period. Also, due to strict regulations, disruption in the supply chain was observed which adversely affected the supply of raw materials and the end products which adversely affected the wires & cables market growth. However, volatile prices of raw materials may hamper the growth of the Saudi Arabia Wires & Cables market in the forecast period. Saudi Arabia Wires & Cables market is segmented into voltage, products, material, installation, end use, regional distribution, and company. Based on the voltage, the market can be divided into low, medium, high, and extra high. The low voltage segment is expected to witness growth in the forecast period, 2022- 2026. The development of the construction industry and the upcoming projects are the driving factor for the growth of this segment. An increase in the investment by the leading authorities and the development of smart cities is expected to pave the way for market growth. The growing demand for low voltage cables for various applications such as lighting, automation, video surveillance, fire alarm, amongst others is expected to foster market growth. Based on the end use, the market can be divided into aerospace & defense, building & construction, oil & gas, energy & power, it & telecommunication, and others. The increase in the number of transportation infrastructure development projects in the region including railways, roads, airports, amongst others is driving the growth of the segment. Urban development projects such as Green Riyadh, Riyadh Art, King Salman Park, and others are further contributing to the wires & cables market growth. Based on the products, the market can be divided into fiber optic cable, co-axial cable, and other cables. The fiber optic cables segment is expected to dominate the wires & cables market in the forecast period, 2022-2026. Development of the telecommunication sector and the growing demand for high-speed internet network is driving the growth of this segment. The generation of the huge amount of data and the growing need for data centers for efficient data managementtomakeinformeddecisions is expectedto fuel the demandfor fiber optic cables in the forecast period. Saudi Cable Company, Bahra Cables HO, United Wire Factories Company – ASLAK, Bright Wires Co Ltd, Middle East Fiber Cable Manufacturing Co., Gabas Albilad Wire Rope Factory, Saudi Wires Company Ltd., Safe and Secure Trading Est. (SSTE), Jeddah Cable Company are the leading players operating in Saudi Arabia Wires & Cables market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several Wires & Cables manufacturers are coming up with their technologically advancedofferings. “Under the Saudi Vision, 2030 and the construction of the Neom City which is expected to run on renewable energy resources and to boost the public and private industries is anticipated to create lucrative opportunities for the growth of the wires & cables market in the forecast period. High-end investments for the upcoming construction and infrastructural developments and the implementation of the smart grid in Saudi Arabia are expected to influence the market growth. Market players may invest to introduce advanced wires & cables with higher efficiency and performance to increase the sales of their products in the forecast period, 2022-2026.” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm. 11
Sample Data -Snapshot Saudi Arabia Wires & Cables Market, Market Size, By Value (USD Million), 2016–2026F 12.00 13.00 14.00 15.00 8.00 9.00 10.00 11.00 5.00 6.00 7.00 2016 CAGR BY VALUE: XX% 2020 2021E CAGR BY VALUE: XX% 2026F By Value (USD Million) Saudi Arabia Wires & Cables Market Share, By Voltage, By Value, Saudi Arabia Wires & Cables Market Share, By Products, By Value, 2016–2026F 2016–2026F Low Medium High Extra High Fiber Optic Cable Co-Axial Cable Other Cables 2026F 25% 25% 25% 25% 2026F 33% 33% 34% 2025F 25% 25% 25% 25% 2025F 33% 33% 34% 2024F 25% 25% 25% 25% 2024F 33% 33% 34% 2023F 25% 25% 25% 25% 2023F 33% 33% 34% 2022F 25% 25% 25% 25% 2022F 33% 33% 34% 2021E 25% 25% 25% 25% 2021E 33% 33% 34% 2020 25% 25% 25% 25% 2020 33% 33% 34% 2019 25% 25% 25% 25% 2019 33% 33% 34% 2018 25% 25% 25% 25% 2018 33% 33% 34% 2017 25% 25% 25% 25% 2017 33% 33% 34% 2016 25% 25% 25% 25% 2016 33% 33% 34% Saudi Arabia Fiber Optic Wires & Cables Market Share, By End Use, By Value, 2016–2026F Aerospace & Defense Building & Construction Oil & Gas Energy & Power IT & Telecommunication Others 2026F 20% 20% 20% 20% 10% 10% 2025F 20% 20% 20% 20% 10% 10% 2024F 20% 20% 20% 20% 10% 10% 2023F 20% 20% 20% 20% 10% 10% 2022F 20% 20% 20% 20% 10% 10% 2021E 20% 20% 20% 20% 10% 10% 2020 20% 20% 20% 20% 10% 10% 2019 20% 20% 20% 20% 10% 10% 2018 20% 20% 20% 20% 10% 10% 2017 20% 20% 20% 20% 10% 10% 2016 20% 20% 20% 20% 10% 10% 12
Report Ordering Report Name: SAUDI ARABIA WIRES & CABLES MARKET FORECAST & OPPORTUNITIES 2016 – 2026 License Type Price Single User License $3500 Multi-User License $4500 Custom Research License $7500 To View Sample OR Purchase Report 13
About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in numberof areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • India Machine Tools Market By Tools Type (Metal Cutting Machines v/s Metal Forming Machines) By Technology (CNC Machines v/s Conventional Machines) By Application (General Purpose Machines v/s Special Purpose Machines) By Sales Channel (Direct v/s Indirect) By End User Industry (Automotive, Electrical & Electronics, Railways, Consumer Durables, Government & Defense, Others) By Company, By Region, Forecast & Opportunities, FY2027 • Saudi Arabia Cement Market By Type (Portland, Blended, Others) By Application (Residential, Commercial, Infrastructure, Industrial and Institutional), By Region, Company Forecast & Opportunities, 2026 TechSci Research – North America TechSci Research – Europe TechSci Research – Asia-Pacific 708 Third Avenue, Manhattan, 54, Old brook, Bretton, B – 44, Sector – 57, Noida, National Capital New York, United States Peterborough, Region, U.P. - India Tel: +1- 646- 360- 1656 United Kingdom Tel: +91-120-4523900 Email: [email protected] Email: [email protected] Email: [email protected] www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.