U.S. Aluminum Wire Market Size & Outlook, 2022-2030
U.S. aluminum wire market, -2030 (US$M)
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U.S. aluminum wire market highlights
- The U.S. aluminum wire market generated a revenue of USD 1,939.7 million in 2024 and is expected to reach USD 2,449.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4% from 2025 to 2030.
- In terms of segment, electrical was the largest revenue generating product in 2024.
- Mechanical 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 1,939.7 million |
| Market revenue in 2030 | USD 2,449.0 million |
| Growth rate | 4% (CAGR from 2024 to 2030) |
| Largest segment | Electrical |
| Fastest growing segment | Mechanical |
| 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, U.S. accounted for 5.7% 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 North America, U.S. aluminum wire market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 217.5 million by 2030.
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Aluminum Wire Market Scope
Aluminum Wire Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 81.57% in 2022. Horizon Databook has segmented the U.S. aluminum wire market based on electrical, mechanical covering the revenue growth of each sub-segment from to 2030.
In 2020, the U.S. dominated aluminum wire market in North America. Companies such as Southwire Company, LLC, D & S Wire, Inc., American Wire Group, Kaiser Aluminum, Bob Martin Co., Radcliff Wire, Inc., among others, are players offering aluminum wires in the U.S. Increasing investments for the development of grids is the prominent factor driving the growth of the market in this country.
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Target buyers of U.S. 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. aluminum wire market , including forecasts for subscribers. This country databook contains high-level insights into U.S. aluminum wire market from to 2030, including revenue numbers, major trends, and company profiles.
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U.S. aluminum wire market
U.S. Aluminum Wire Market Outlook Share, 2022 & 2030 (US$M)
U.S. aluminum wire market
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