The North American wire and cable market was valued at USD 39.33 billion in the previous year, and it is expected to reach USD 55.52 billion, registering a CAGR of 5.8% during the forecast period.
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.
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