Market Share of North America Wire And Cable Industry
Considering the critical nature of the application of wires and cables in crucial infrastructure and industries, such as data centers, power grids, industrial equipment, and automobiles, among others, the companies' brand identity has a major influence on the market. Established brands are usually synonymous with good performance. Hence, long-standing players are expected to have the upper hand. However, sustainable competitive advantage through innovations is anticipated to remain among the crucial factors for any vendor to succeed in the market. Hence, new players may use this strategy to expand their presence in the highly contested marketplace.
The high prospects and the growing investments and supporting initiatives are expected to increase the competition among the existing market players. Some of the major players in the market are CommScope Holding Company Inc., Lapp Tannehill, Southwire Company LLC, Dacon Systems Inc., American Wire Group, Daburn Electronics & Cable and Polytron Devices, etc.
- In March 2023, CommScope Holding Company Inc. announced an increase in US fiber optic cable production to accelerate broadband rollout to unserved communities. The company is expected also to launch a new HeliARC fiber optic cable, which is specifically designed for the needs of rural deployments.
- In July 2023, Southwire Company LLC announced opening a customer service center in Dallas-Forth-Worth (DFW), Texas, to support its long-term modernization strategy and improve customer experience. Through this facility, the company is expected to distribute products for the full suite of Southwire solutions, including nosiness segments such as residential, commercial, industrial, tools, utility, and components and assembled solutions (TCAS).
North America Wire And Cable Market Leaders
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CommScope Holding Company Inc.
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Lapp Tannehill
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Southwire Company, LLC
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Dacon Systems, Inc.
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American Wire Group
*Disclaimer: Major Players sorted in no particular order
