Electric Cable and Wire Manufacturing in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: May 2024
ANZSIC C2431Revenue
$2.0bn
Past 5-Year Growth
Profit
$XX.Xm
Employees
2,391
Businesses
100
Wages
$XXX.Xm
Electric Cable and Wire Manufacturing in Australia industry analysis
The Electric Cable and Wire Manufacturing industry has endured tough operating conditions over the past few years. Manufactures have faced high import penetration and weakened demand from downstream markets, including the construction and telecommunications sectors. Demand from building construction has weakened as construction activities have slowed because of ongoing labour shortages and heightened material costs following the COVID-19 pandemic. Technological advancements have accelerated the shift in consumer preferences from wired to wireless telecommunications, reducing demand from wired telecommunications network operations. As smartphones and tablets have become increasingly popular, consumers have moved from fixed-line services to mobile technologies. This shift has diminished fixed-line investment across the communications sector, constraining the sales revenue of electric cable and wire manufacturers. Overall, revenue is expected to inch downwards by an annualised 0.1% to $2.0 billion over the five years through the end of 2023-24.
Trends and Insights
- Reduced demand from downstream markets is diminishing manufacturers' revenue. The transition from wired to wireless telecommunications services and slowed residential building construction activities have reduced demand from the construction and telecommunications sectors.
- High-voltage industrial cables sales have expanded thanks to increased heavy and civil engineering construction activity. The share of revenue from these heavy-duty industrial-use customised cables has grown.
- Most manufacturers operate businesses in the eastern seaboard. Proximity to downstream markets helps manufacturers minimise transportation costs and expand their business opportunities.
- Price is the primary point of competition in the Electric Cable and Wire Manufacturing industry. That’s why manufacturers emphasise cost reductions by securing reliable, low-cost suppliers to improve profitability.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.1 % over the past five years, to reach an estimated $2.0bn in 2024.
Trends and Insights
Heightened global competition and operating costs have harmed manufacturers’ profitability
- Imports in the Electric Cable and Wire Manufacturing industry have climbed over the past few years, with China dominating the import market.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Recovering demand from building construction is set to drive revenue growth
- The construction sector is the most prominent market in the Electric Cable and Wire Manufacturing industry. This market makes up more than half of the industry’s revenue share.
Biggest companies in the Electric Cable and Wire Manufacturing in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Prysmian Australia | 798.0 | |
Nexans Olex | 494.6 | |
Australia Pacific Electric Cables Pty Ltd | 101.3 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Low-voltage cable, Telecommunications cable and High-voltage industrial cable. Low-voltage cable is the largest segment of the Electric Cable and Wire Manufacturing in Australia.
Trends and Insights
Weakened demand from the construction sector has shrunk sales of low-voltage cable
- The low-voltage cable segment uses cables and wires for control, fire-proofing, elastomer, solar and instrumentation applications.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Copper Tubes and Wire Manufacturing in Australia
- Spring and Wire Product Manufacturing in Australia
- Measurement and Other Scientific Equipment Manufacturing in Australia
Complementors
- Heavy Industry and Other Non-Building Construction in Australia
- Electrical Services in Australia
International industries
- Wire & Cable Manufacturing in the US
- Wire & Cable Manufacturing in Canada
- Other Electronic Wire & Cable Manufacturing in the UK
- Optical Fiber and Cable Manufacturing in China
Table of Contents
About this industry
Industry definition
Electric cable and wire manufacturers primarily manufacture electric cables, wires or strips. This includes braided or insulated non-ferrous wires, cables or strips. The Electric Cable and Wire Manufacturing industry also includes enterprises manufacturing optical fibre cables.
What's included in this industry?
Low-voltage cableLow-voltage power distribution cableHigh-voltage industrial cableHigh-voltage power transmission cableTelecommunications cableCompanies
Prysmian AustraliaNexans OlexAustralia Pacific Electric Cables Pty LtdPurchase this report to view all 5 major companies in this industry.
Related Terms
OPTICAL FIBREFIXED-LINE SERVICE5G NETWORKIndustry Code
ANZSIC 2431 - Electric Cable and Wire Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Reduced demand from downstream markets is diminishing manufacturers' revenue. The transition from wired to wireless telecommunications services and slowed residential buildin...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
High-voltage industrial cables sales have expanded thanks to increased heavy and civil engineering construction activity. The share of revenue from these heavy-duty industria...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Most manufacturers operate businesses in the eastern seaboard. Proximity to downstream markets helps manufacturers minimise transportation costs and expand their business opp...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Price is the primary point of competition in the Electric Cable and Wire Manufacturing industry. That’s why manufacturers emphasise cost reductions by securing reliable, low-...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Leading companies have expanded their market share in recent years. Major manufacturers like Prysmian manufacture numerous cable types for various markets, including telecomm...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Prysmian Australia's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Nexans Olex's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Australia Pacific Electric Cables Pty Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Prysmian Australia, and factors influencing its performance in the industry
- Description and key data for Nexans Olex, and factors influencing its performance in the industry
- Description and key data for Australia Pacific Electric Cables Pty Ltd, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Australian Cablemakers Association developed an Approved Cable Initiative that standardises cable specifications (including power cables) for safety considerations. The s...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit margins have diminished since the COVID-19 pandemic began. In recent years, supply chain disruptions have led to inflated costs for critical raw materials like copper,...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Electric Cable and Wire Manufacturing industry in Australia in 2024?
The market size of the Electric Cable and Wire Manufacturing industry in Australia is $2.0bn in 2024.
How many businesses are there in the Electric Cable and Wire Manufacturing in Australia industry in 2024?
There are 100 businesses in the Electric Cable and Wire Manufacturing industry in Australia, which has grown at a CAGR of 2.8 % between 2019 and 2024.
Has the Electric Cable and Wire Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Electric Cable and Wire Manufacturing industry in Australia has been declining at a CAGR of 0.1 % between 2019 and 2024.
What is the forecast growth of the Electric Cable and Wire Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Electric Cable and Wire Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Electric Cable and Wire Manufacturing market in Australia?
The biggest companies operating in the Electric Cable and Wire Manufacturing market in Australia are Prysmian Australia, Nexans Olex and Australia Pacific Electric Cables Pty Ltd
What does the Electric Cable and Wire Manufacturing in Australia include?
Low-voltage cable and Low-voltage power distribution cable are part of the Electric Cable and Wire Manufacturing industry.
Which companies have the highest market share in the Electric Cable and Wire Manufacturing in Australia?
The company holding the most market share in Australia is Prysmian Australia.
How competitive is the Electric Cable and Wire Manufacturing industry in Australia?
The level of competition is high and increasing in the Electric Cable and Wire Manufacturing industry in Australia.
