Global Armored Cable Market Size, Share, Trends, Industry Growth by Armor Type (Interlocked, Continuously Corrugated Welded), by Core Type (Single Core, Multi-Core), by End-Use, by Region, and Forecast to 2030
Report ID: RC52678 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: July 1st, 2023The global armored cable market size was valued at around USD 38 billion in 2022 and is anticipated to register a significant growth rate (CAGR) of over 5% during the forecast period from 2023 to 2030. The growth of the market is driven by several factors, including the increasing demand from end-use industries, growing urbanization and industrialization, rising need for safety and security, advancements in technology, increasing investment in renewable energy, and stringent regulations. These factors are expected to continue to drive the growth of the armored cable market in the coming years.
Market Drivers:
Increasing Demand from End-Use Industries: Armored cables are widely used in various industries such as construction, power generation, oil and gas, and telecommunications. The increasing demand for these industries is expected to drive the growth of the armored cable market.
Growing Urbanization and Industrialization: The growing urbanization and industrialization in developing countries have led to an increasing demand for energy and communication infrastructure, which in turn is expected to drive the demand for armored cables.
Rising Need for Safety and Security: Armored cables are designed to provide better protection against physical damage, moisture, and other environmental factors. The rising need for safety and security in various industries is expected to drive the demand for armored cables.
Advancements in Technology: Technological advancements in the manufacturing of armored cables, such as the use of new materials and manufacturing techniques, are expected to improve the performance and durability of these cables, thereby driving their demand.
Increasing Investment in Renewable Energy: The increasing investment in renewable energy sources such as solar and wind energy is expected to drive the demand for armored cables in the power generation industry.
Stringent Regulations: Governments and regulatory bodies across the world are implementing stringent regulations to ensure safety and security in various industries. This is expected to drive the demand for armored cables, which are designed to meet these regulations.
Market Snapshot:
Benchmark Year | 2022 | ||
Market Size | ~ USD 38 Billion in 2022 | ||
Market Growth (CAGR) | > 5% (2023-2030) | ||
Largest Market Share | lock | ||
Analysis Period | 2020-2030 | ||
Market Players | Atkore International, Belden, LS Cable & System, Nexans, and Prysmian |
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Market Insights:
The global armored cable market is bifurcated into armor type, core type, end-use, and geography. On the basis of end-use, the market is further segmented into construction, power generation, gas and oil, telecommunication, and others. the oil and gas segment is estimated to hold a significant revenue share of the global market in the benchmark year and expected to grow significantly. The armored cable market has been analyzed by various end-use, and some of the key industries are:
Construction: Armored cables are widely used in the construction industry for various applications such as power transmission, lighting, and communication. The demand for armored cables in the construction industry is expected to grow due to the increasing demand for new construction projects and the need for reliable and durable cables.
Power Generation: Armored cables are used in the power generation industry for various applications such as power transmission and distribution, and control systems. The demand for armored cables in the power generation industry is expected to grow due to the increasing demand for energy and the need for reliable and durable cables.
Oil and Gas: Armored cables are used in the oil and gas industry for various applications such as exploration, drilling, and production. The demand for armored cables in the oil and gas industry is expected to grow due to the increasing demand for oil and gas and the need for reliable and durable cables.
Telecommunications: Armored cables are used in the telecommunications industry for various applications such as data transmission, telephone networks, and internet services. The demand for armored cables in the telecommunications industry is expected to grow due to the increasing demand for high-speed data transmission and the need for reliable and secure cables.
Others: Armored cables are also used in other industries such as automotive, aerospace, and marine. The demand for armored cables in these industries is expected to grow due to the increasing demand for reliable and durable cables in harsh environments.
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The global armored cable market report explores the critical analysis of the industry using key parameters. The report covers investment strategies, the need for investment in the industry, and several benefits for investors. Significantly, this report sets out major changes in the global technical regulations for the market, as well as how economic and non-economic constraints are helping the market to grow. Furthermore, the report analyzes the historic and forecasted market size at the global, regional, and country-level. The report also provides a comprehensive analysis of key investment proposals, competitor positions, porter’s five force analysis, SWOT analysis, pestel analysis, value chain analysis, etc.
The armored cable market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.
Historical & Forecast Period
- 2020-21 – Historical Year
- 2022 – Base Year
- 2023-2030 – Forecast Period
Market Segmentation:
By Armor Type:
- Interlocked
- Continuously Corrugated Welded
By Core Type:
- Single Core
- Multi-Core
By End-Use:
- Construction
- Power Generation
- Gas and Oil
- Telecommunication
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Geographic Coverage:
Geographically, the armored cable market report comprises dedicated sections centering on the regional market revenue and trends. The armored cable market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The armored cable market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Armored cable market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.
Competitive Assessment:
Some of the prominent market players operating in the global armored cable market are Atkore International, Belden, LS Cable & System, Nexans, and Prysmian. These new product launches and developments highlight the ongoing efforts of manufacturers to develop innovative and high-performance armored cables to meet the growing demand from various end-use industries. Prysmian Group, a global leader in cable manufacturing, launched a new range of armored cables for industrial and energy applications, called the “AFNOR Armoured Cables.”
Belden Inc., a leading provider of networking and connectivity solutions, introduced a new line of armored cables, called the “New Generation Armored Cables,” which offer improved performance and reliability in harsh environments. Nexans, a global cable and wire manufacturer, developed a new range of armored cables, called “ALsecure,” which offer enhanced safety and security features, including resistance to fire and rodents.
LS Cable & System, a South Korean cable manufacturer, developed a new line of armored cables, called the “G2 Series,” which offer improved durability and resistance to extreme temperatures. General Cable Corporation, a global wire, and cable manufacturer, launched a new line of armored cables, called the “STABILOY Brand MC TUFF Cables,” which are designed for use in harsh industrial and commercial environments.
Key Companies:
- Atkore International
- Belden
- LS Cable & System
- Nexans
- Prysmian
- Service Wire Company
- Southwire Company
- The Okonite Company
- Omni Cable Corporation
- Anixter International
Key Questions Answered by Armored Cable Market Report
- Global armored cable market forecasts from 2023-2030
- Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
- Armored cable submarket forecasts from 2023-2030 covering the market by armor type, core type, end-use, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level armored cable markets from 2023-2030
- Competitive Landscape and market positioning of the top 10 players operating in the market
Table of Content:
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Armored Cable Market Portraiture
2.2. Global Armored Cable Market, by Armor Type, 2022 (USD Mn)
2.3. Global Armored Cable Market, by Core Type, 2022 (USD Mn)
2.4. Global Armored Cable Market, by End-Use, 2022 (USD Mn)
2.5. Global Armored Cable Market, by Geography, 2022 (USD Mn)
3. Global Armored Cable Market Analysis
3.1. Armored Cable Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis
3.8. COVID-19 Impact Analysis
4. Global Armored Cable Market By Armor Type, 2020 – 2030 (USD Mn)
4.1. Overview
4.2. Interlocked
4.3. Continuously Corrugated Welded
5. Global Armored Cable Market By Core Type, 2020 – 2030 (USD Mn)
5.1. Overview
5.2. Single Core
5.3. Multi-Core
6. Global Armored Cable Market By End-Use, 2020 – 2030 (USD Mn)
6.1. Overview
6.2. Construction
6.3. Power Generation
6.4. Gas and Oil
6.5. Telecommunication
6.6. Others
7. North America Armored Cable Market Analysis and Forecast, 2020 – 2030 (USD Mn)
7.1. Overview
7.2. North America Armored Cable Market by Armor Type, (2020-2030 USD Mn)
7.3. North America Armored Cable Market by Core Type, (2020-2030 USD Mn)
7.4. North America Armored Cable Market by End-Use, (2020-2030 USD Mn)
7.5. North America Armored Cable Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Armored Cable Market by Armor Type, (2020-2030 USD Mn)
7.5.1.2. U.S. Armored Cable Market by Core Type, (2020-2030 USD Mn)
7.5.1.3. U.S. Armored Cable Market by End-Use, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Armored Cable Market by Armor Type, (2020-2030 USD Mn)
7.5.2.2. Canada Armored Cable Market by Core Type, (2020-2030 USD Mn)
7.5.2.3. Canada Armored Cable Market by End-Use, (2020-2030 USD Mn)
8. Europe Armored Cable Market Analysis and Forecast, 2020 - 2030 (USD Mn)
8.1. Overview
8.2. Europe Armored Cable Market by Armor Type, (2020-2030 USD Mn)
8.3. Europe Armored Cable Market by Core Type, (2020-2030 USD Mn)
8.4. Europe Armored Cable Market by End-Use, (2020-2030 USD Mn)
8.5. Europe Armored Cable Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Armored Cable Market by Armor Type, (2020-2030 USD Mn)
8.5.1.2. Germany Armored Cable Market by Core Type, (2020-2030 USD Mn)
8.5.1.3. Germany Armored Cable Market by End-Use, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Armored Cable Market by Armor Type, (2020-2030 USD Mn)
8.5.2.2. U.K. Armored Cable Market by Core Type, (2020-2030 USD Mn)
8.5.2.3. U.K. Armored Cable Market by End-Use, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Armored Cable Market by Armor Type, (2020-2030 USD Mn)
8.5.3.2. France Armored Cable Market by Core Type, (2020-2030 USD Mn)
8.5.3.3. France Armored Cable Market by End-Use, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Armored Cable Market by Armor Type, (2020-2030 USD Mn)
8.5.4.2. Spain Armored Cable Market by Core Type, (2020-2030 USD Mn)
8.5.4.3. Spain Armored Cable Market by End-Use, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Armored Cable Market by Armor Type, (2020-2030 USD Mn)
8.5.5.2. Italy Armored Cable Market by Core Type, (2020-2030 USD Mn)
8.5.5.3. Italy Armored Cable Market by End-Use, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Armored Cable Market by Armor Type, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Armored Cable Market by Core Type, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Armored Cable Market by End-Use, (2020-2030 USD Mn)
9. Asia Pacific Armored Cable Market Analysis and Forecast, 2020 - 2030 (USD Mn)
9.1. Overview
9.2. Asia Pacific Armored Cable Market by Armor Type, (2020-2030 USD Mn)
9.3. Asia Pacific Armored Cable Market by Core Type, (2020-2030 USD Mn)
9.4. Asia Pacific Armored Cable Market by End-Use, (2020-2030 USD Mn)
9.5. Asia Pacific Armored Cable Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Armored Cable Market by Armor Type, (2020-2030 USD Mn)
9.5.1.2. China Armored Cable Market by Core Type, (2020-2030 USD Mn)
9.5.1.3. China Armored Cable Market by End-Use, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Armored Cable Market by Armor Type, (2020-2030 USD Mn)
9.5.2.2. Japan Armored Cable Market by Core Type, (2020-2030 USD Mn)
9.5.2.3. Japan Armored Cable Market by End-Use, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Armored Cable Market by Armor Type, (2020-2030 USD Mn)
9.5.3.2. India Armored Cable Market by Core Type, (2020-2030 USD Mn)
9.5.3.3. India Armored Cable Market by End-Use, (2020-2030 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific Armored Cable Market by Armor Type, (2020-2030 USD Mn)
9.5.4.2. Rest of Asia Pacific Armored Cable Market by Core Type, (2020-2030 USD Mn)
9.5.4.3. Rest of Asia Pacific Armored Cable Market by End-Use, (2020-2030 USD Mn)
10. Latin America (LATAM) Armored Cable Market Analysis and Forecast, 2020 - 2030 (USD Mn)
10.1. Overview
10.2. Latin America Armored Cable Market by Armor Type, (2020-2030 USD Mn)
10.3. Latin America Armored Cable Market by Core Type, (2020-2030 USD Mn)
10.4. Latin America Armored Cable Market by End-Use, (2020-2030 USD Mn)
10.5. Latin America Armored Cable Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Armored Cable Market by Armor Type, (2020-2030 USD Mn)
10.5.1.2. Brazil Armored Cable Market by Core Type, (2020-2030 USD Mn)
10.5.1.3. Brazil Armored Cable Market by End-Use, (2020-2030 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Armored Cable Market by Armor Type, (2020-2030 USD Mn)
10.5.2.2. Mexico Armored Cable Market by Core Type, (2020-2030 USD Mn)
10.5.2.3. Mexico Armored Cable Market by End-Use, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Armored Cable Market by Armor Type, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Armored Cable Market by Core Type, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Armored Cable Market by End-Use, (2020-2030 USD Mn)
11. Middle East and Africa Armored Cable Market Analysis and Forecast, 2020 - 2030 (USD Mn)
11.1. Overview
11.2. MEA Armored Cable Market by Armor Type, (2020-2030 USD Mn)
11.3. MEA Armored Cable Market by Core Type, (2020-2030 USD Mn)
11.4. MEA Armored Cable Market by End-Use, (2020-2030 USD Mn)
11.5. Middle East and Africa Armored Cable Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Armored Cable Market by Armor Type, (2020-2030 USD Mn)
11.5.1.2. GCC Armored Cable Market by Core Type, (2020-2030 USD Mn)
11.5.1.3. GCC Armored Cable Market by End-Use, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Armored Cable Market by Armor Type, (2020-2030 USD Mn)
11.5.2.2. South Africa Armored Cable Market by Core Type, (2020-2030 USD Mn)
11.5.2.3. South Africa Armored Cable Market by End-Use, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Armored Cable Market by Armor Type, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Armored Cable Market by Core Type, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Armored Cable Market by End-Use, (2020-2030 USD Mn)
12. Company Profiles
12.1. Atkore International
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Belden
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. LS Cable & System
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Nexans
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Prysmian
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Service Wire Company
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Southwire Company
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. The Okonite Company
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Omni Cable Corporation
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Anixter International
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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