Armored Cable Market Size, Share, Trends, and Growth Report 2032

Armored Cable Market: Size

The global armored cable market size was worth around USD 40.26 billion in 2023 and is predicted to grow to around USD 74.01 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.12% between 2024 and 2032.

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The report covers a forecast and an analysis of the armored cable market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

Armored Cable Market: Overview

An optical cable that comes with a plastic or rubber covering is known as an armored cable. This additional coverage is used to safeguard against mechanical damage. Coax cable is used as an armor layer. An armor layer is a foil wrapping that is textured like ribbed metal to permit flexibility. A flooding compound is added outside and inside of this foil wrapping to retain moisture from penetrating the cable and causing damage. The internal assembly of this cable comprises several layers to prevent any damage to the cable. Over the last decade, the global demand for cables and wires has increased significantly owing to high government investments in infrastructural and construction development. Additionally, the rapid industrialization across developing countries demands the establishment of a new power transmission network along with the renewal of existing power distribution and transmission network.

The study includes the drivers and restraints of the armored cable market along with their impact on demand over the forecast period. Additionally, the report includes the study of opportunities and threats to the armored cable market on a global level.

To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the armored cable market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

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Armored Cable Market: Growth Factors

The high demand for armored cable in the oil and gas industry is the main driver of the global armored cable market growth. These cables are specially designed for the oil and gas sector applications, such as exploration, extraction, production, and refining of petrochemicals and gas. Moreover, the key companies operating in the global armored cable market are focused on the development of specific and personalized cables for different applications across various industries. This, in turn, is anticipated to further drive the growth of the armored cable market in the upcoming years. However, the cyclic nature of the industry is a major challenge. Cable manufacturing companies deal with large consolidated customers on one side and large suppliers of raw materials on the other side. This may indirectly restrain the market over the forecast time period. The rising investments made for the development of autonomous vehicles is estimated to offer significant growth opportunities in the automobile sector in the future. Additionally, the increasing adoption of advanced technologies and systems in the telecom industry is likely to present lucrative growth opportunities in the upcoming years.

Armored Cable Market: Segmentation

The study provides a decisive view of the armored cable market by segmenting it based on material type, armored type, core type, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of material type, the global armored cable market includes aluminum, stainless steel, and others (copper, brass, etc.) Stainless steel accounts for a significant share and is estimated to grow prominently in the future.

By armored type, the market includes interlocked and continuously corrugated welded (CCW). The continuously corrugated welded (CCW) segment is estimated to hold a major share of the global armored cable market over the estimated timeline.

By core type, the global armored cable market is bifurcated into single core and multi-core.

Based on end-user, the global armored cable market includes construction industry, gas and oil industry, manufacturing industry, mining industry, communication industry, and others (aerospace, chemical, etc.)

Armored Cable Market: Report Scope

Armored Cable Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil.

By region, the Asia Pacific armored cable market accounted for a major share in terms of revenue in 2023.

Armored Cable Market: Key Players Analysis

Some major players operating in the global armored cable market are:

• Atkore International
• Belden
• LS Cable & System
• Nexans
• Prysmian
• Service Wire Company
• Southwire Company
• The Okonite Company
• Omni Cable Corporation
• Anixter International

This report segments the global armored cable market as follows:

Global Armored Cable Market: Material Type Analysis

• Aluminum
• Stainless Steel
• Others (Copper, Brass, etc.)

Global Armored Cable Market: Armored Type Analysis

• Interlocked
• Continuously Corrugated Welded (CCW)

Global Armored Cable Market: End-User Segment Analysis

• Construction Industry
• Gas and Oil Industry
• Manufacturing Industry
• Mining Industry
• Communication Industry
• Others (Aerospace, Chemical, etc.)

Global Armored Cable Market: Core Type Analysis

• Multi-Core
• Single Core

Global Armored Cable Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa