$2.0bn
$XX.Xm
2,391
100
$XXX.Xm
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.
Industry revenue has declined at a CAGR of 0.1 % over the past five years, to reach an estimated $2.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($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.
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.
Weakened demand from the construction sector has shrunk sales of low-voltage cable
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.
Purchase this report to view all 5 major companies in this industry.
ANZSIC 2431 - Electric Cable and Wire Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Reduced demand from downstream markets is diminishing manufacturers' revenue. The transition from wired to wireless telecommunications services and slowed residential buildin...
Learn about an industry's products and services, markets and trends in international trade.
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...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most manufacturers operate businesses in the eastern seaboard. Proximity to downstream markets helps manufacturers minimise transportation costs and expand their business opp...
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.
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-...
Learn about the performance of the top companies in the industry.
Leading companies have expanded their market share in recent years. Major manufacturers like Prysmian manufacture numerous cable types for various markets, including telecomm...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Australian Cablemakers Association developed an Approved Cable Initiative that standardises cable specifications (including power cables) for safety considerations. The s...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
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,...
Including values and annual change:
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.
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:
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:
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.
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.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Electric Cable and Wire Manufacturing industry in Australia is $2.0bn 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.
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.
Over the next five years, the Electric Cable and Wire Manufacturing industry in Australia is expected to grow.
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
Low-voltage cable and Low-voltage power distribution cable are part of the Electric Cable and Wire Manufacturing industry.
The company holding the most market share in Australia is Prysmian Australia.
The level of competition is high and increasing in the Electric Cable and Wire Manufacturing industry in Australia.