Report Overview

GCC and Africa Wires and Cables Market – Industry Trends & Forecast Report, 2031

GCC and Africa Wires and Cables Market size was estimated at USD 16.20 billion in 2024. During the forecast period between 2025 and 2031, GCC and Africa Wires and Cables Market size is projected to grow at a CAGR of 7.40% reaching a value of USD 26.60 billion by 2031. GCC and Africa Wires and Cables Market is driven by infrastructure development, urbanization, energy projects, telecom industry growth, government initiatives, renewable energy adoption, and digital transformation. These factors are contributing to the expansion of the market, as there is a greater need for reliable wiring solutions to support various sectors.

Wire and Cables – Overview

Wires and cables are essential components for transmitting electrical power and signals across various applications. They consist of conductors, typically made of copper or aluminum, insulated with materials like plastic, rubber, or metal. Wires are single conductors, while cables comprise multiple wires bundled together. They are widely used in residential, commercial, industrial, and telecommunications sectors, ensuring efficient and reliable connectivity. Different types, including power cables, communication cables, and fiber optic cables, cater to specific needs, supporting infrastructure development, energy distribution, data transmission, and technological advancements.

GCC and Africa Wires and Cables Market

Growth Drivers

Rapid Urbanization and Large Infrastructure Development Projects

GCC and Africa Wires and Cables Market is experiencing growth driven by rapid urbanization and infrastructure development. As cities expand and new infrastructure projects emerge, the demand for reliable wiring solutions increases. Investments in transportation, telecommunications, and energy projects are propelling market growth, ensuring efficient connectivity and power distribution across the region.

Challenges

Fluctuations in Raw Material Costs

Fluctuations in raw material prices pose a significant restraint in GCC and Africa Wires and Cables Market. The volatility in prices of key inputs like copper, aluminum, and PVC can lead to unpredictable production costs, affecting profitability. This price instability can deter potential buyers and investors, slowing market expansion.

Impact of Escalating Geopolitical Tensions on GCC and Africa Wires and Cables Market

Escalating geopolitical tensions could significantly impact the growth of GCC and Africa Wires and Cables Market. Military, political, economic, and trade tensions among countries and further spreading across and beyond the region disrupt supply chains, leading to shortages of essential materials and increased costs for manufacturers. Political instability can deter investments and hinder market growth. Additionally, tariffs and trade restrictions resulting from geopolitical conflicts can affect the cost and availability of resources, impacting production and retail prices. Consumer confidence may decline, affecting demand for wires and cables. Overall, geopolitical volatility poses substantial challenges for the market, making it difficult for companies to operate smoothly and sustain growth.

GCC and Africa Wires and Cables Market

Segmental Coverage

GCC and Africa Wires and Cables Market – By Voltage

Based on voltage, GCC and Africa Wires and Cables Market is divided into Low Voltage, Medium Voltage, High Voltage, and Extra High Voltage segments. Medium voltage is the largest segment in GCC and Africa Wires and Cables Market. The segment’s dominance is attributed to the region's expanding building and construction activities, which drive demand for medium-voltage cables used in urban infrastructure and industrial projects. Additionally, investments in power grid connections and electricity transmission projects further bolster this segment's prominence.

GCC and Africa Wires and Cables Market – By Installation Type

Based on installation type, GCC and Africa Wires and Cables Market is bifurcated into Overhead and Underground segments. The overhead segment holds the largest share due to its cost-effectiveness and ease of installation. Overhead wires and cables are less expensive to install, repair, and upgrade compared to underground systems, making them a preferred choice for power transmission and distribution. However, the underground segment is expected to experience significant growth, driven by increasing demand in sectors such as automotive, telecom, energy, and power industries. Underground cables offer advantages like lower transmission losses and reduced vulnerability to natural calamities, which contribute to their rising adoption

GCC and Africa Wires and Cables Market – By End Use Industry

Based on end use industry, GCC and Africa Wires and Cables Market is divided into Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunications, Automotive, and other segments. The Oil and Gas sector is a significant segment due to the region's extensive oil and gas industry, which demands robust and reliable cabling solutions for exploration, production, and distribution activities. This sector's growth directly influences the demand for specialized cables capable of withstanding harsh environments and ensuring safety and efficiency in operations. Additionally, the building & construction segment holds a substantial share, driven by ongoing infrastructure development and urbanization in the region. The increasing construction of residential, commercial, and industrial buildings necessitates a wide range of wiring and cabling solutions to support electrical installations and connectivity. These sectors' prominence underscores the critical role of wires and cables in supporting the region's economic activities and infrastructure development.

Competitive Landscape

Major companies operating in GCC and Africa Wires and Cables Market include Ducab, Oman Cables Industry (OCI), Eastern Cables, Al Suwaidi, Nexans, Prysmian Group, Aberdare Cables, Durban Cable Corporation, and Alcatel-Lucent. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Voltage

• • Low Voltage

  • Medium Voltage

  • High Voltage

  • Extra High Voltage

By Installation Type

• • Overhead

  • Underground

By End Use Industry

• • Aerospace & Defense

  • Building & Construction

  • Oil & Gas

  • Energy & Power

  • IT & Telecommunications

  • Automotive

  • Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. GCC and Africa Wires and Cables Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rapid Urbanization and Infrastructure Development
         2. Growing Adoption of Renewable Energy Sources
         3. Increasing Investments in Power Transmission and Distribution
      2. Restraints
         1. Fluctuations in Raw Installation Type Prices
         2. High Installation and Maintenance Costs
      3.  Opportunities
         1. Increase in Electrification of Transportation
         2. Advancement in Technology
      4. Challenges
         1. Intense Market Competition
         2. Lack of Standardization and Regulatory Challenges
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. GCC and Africa Wires and Cables Market Marketing Strategies
5. GCC and Africa Wires and Cables Market Overview
   1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Voltage
         1. Low Voltage
         2. Medium Voltage
         3. High Voltage
         4. Extra High Voltage
      2. By Installation Type
         1. Overhead
         2. Underground
      3. By End Use Industry
         1. Aerospace & Defense
         2. Building & Construction
         3. Oil & Gas
         4. Energy & Power
         5. IT & Telecommunications
         6. Automotive
         7. Others
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. GCC and Africa Wires and Cables Company Market Share Analysis, 2024
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
7. Impact of Escalating Geopolitical Tensions on GCC and Africa Wires and Cables Market
8. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. Ducab
   2. Oman Cables Industry (OCI)
   3. Eastern Cables
   4. Al Suwaidi
   5. Nexans
   6. Prysmian Group
   7. Nexans
   8. Aberdare Cables
   9. Durban Cable Corporation
   10. Alcatel-Lucent
   11. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1.       Qualitative Research
       1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
       1.   Secondary Research
       2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Country
    5.       Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       GCC and Africa Wires and Cables Segmentation              

Figure 2       GCC and Africa Wires and Cables Market Value Chain Analysis             

Figure 3       Company Market Share Analysis, 2024         

Figure 4       GCC and Africa Wires and Cables Market Size, By Value (USD Million), 2019–2031                  

Figure 5       GCC and Africa Wires and Cables Market Share, By Voltage, By Value, 2019–2031                  

Figure 6       GCC and Africa Wires and Cables Market Share, By Installation Type, By Value, 2019–2031          

Figure 7       GCC and Africa Wires and Cables Market Share, By End Use Industry, By Value, 2019–2031          

List of Tables

Table 1        GCC and Africa Wires and Cables Market Size, By Value (USD Million), 2019–2031         

Table 2        GCC and Africa Wires and Cables Market Size, By Voltage, By Value, 2019–2031         

Table 3        GCC and Africa Wires and Cables Market Size, By Installation Type, By Value, 2019–2031 

Table 4        GCC and Africa Wires and Cables Market Size, By End Use Industry, By Value, 2019–2031

Table 5        Ducab Company Overview

Table 6        Ducab Financial Overview

Table 7        Oman Cables Industry (OCI) Company Overview

Table 8        Oman Cables Industry (OCI) Financial Overview

Table 9        Eastern Cables Company Overview

Table 10      Eastern Cables Financial Overview

Table 11      Al Suwaidi Company Overview

Table 12      Al Suwaidi Financial Overview

Table 13      Nexans Company Overview

Table 14      Nexans Financial Overview

Table 15      Prysmian Group Company Overview

Table 16      Prysmian Group Financial Overview

Table 17      Nexans Company Overview

Table 18      Nexans Financial Overview

Table 19      Aberdare Cables Company Overview

Table 20      Aberdare Cables Financial Overview

Table 21      Durban Cable Corporation Company Overview

Table 22      Durban Cable Corporation Financial Overview

Table 23      Alcatel-Lucent Company Overview

Table 24      Alcatel-Lucent Financial Overview