Gulf Cooperation Council Aluminum Wire Market Size & Outlook
Gulf Cooperation Council aluminum wire market, -2030 (US$M)
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Gulf Cooperation Council aluminum wire market highlights
- The Gulf Cooperation Council aluminum wire market generated a revenue of USD 352.1 million in 2024 and is expected to reach USD 458.5 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 4.5% from 2025 to 2030.
- In terms of segment, electrical was the largest revenue generating product in 2024.
- Electrical is the most lucrative product segment registering the fastest growth during the forecast period.
Aluminum wire market data book summary
| Market revenue in 2024 | USD 352.1 million |
| Market revenue in 2030 | USD 458.5 million |
| Growth rate | 4.5% (CAGR from 2024 to 2030) |
| Largest segment | Electrical |
| Fastest growing segment | Electrical |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electrical, Mechanical |
| Key market players worldwide | Kaiser Aluminum Corp, Prysmian SpA, Southwire Company, Cerro Wire, Nexans, Sumitomo Electric Industries Ltd ADR, Southern Cable Group, Ducab, Norsk Hydro ASA |
Other key industry trends
- In terms of revenue, Gulf Cooperation Council accounted for 1.0% of the global aluminum wire market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Gulf Cooperation Council aluminum wire market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 458.5 million by 2030.
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Aluminum Wire Market Scope
Aluminum Wire Market Companies
| Name | Profile | # Employees | HQ | Website |
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Gulf Cooperation Council aluminum wire market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum wire market will help companies and investors design strategic landscapes.
Electrical was the largest segment with a revenue share of 83.36% in 2022. Horizon Databook has segmented the Gulf Cooperation Council aluminum wire market based on electrical, mechanical covering the revenue growth of each sub-segment from to 2030.
The Gulf Cooperation Council (GCC) consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (U.A.E.). Increasing automotive production in this region is anticipated to augment the demand for aluminum wires over the forecast period.
For instance, in January 2021, the Royal Commission of Jubail in Saudi Arabia started developing the infrastructure required for attracting three global automakers. This move was in coordination with South Korea’s SsangYong Motor Co. through setting up a car assembly center. Jubail aims to build Saudi Arabia’s first car by 2022.
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Target buyers of Gulf Cooperation Council aluminum wire market databook
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Our clientele includes a mix of aluminum wire market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Gulf Cooperation Council aluminum wire market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council aluminum wire market from to 2030, including revenue numbers, major trends, and company profiles.
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Gulf Cooperation Council aluminum wire market
Gulf Cooperation Council Aluminum Wire Market Outlook Share, 2022 & 2030 (US$M)
Gulf Cooperation Council aluminum wire market
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