Copper Stranded Wire Market

By Insulation Type;

PVC, XLPE, PE and XLPE/PVC

By Geometry;

Bunched and Concentric

By Conductor Material;

Copper and Aluminum

By Application;

Power Transmission & Distribution, Building Wire, Industrial Wiring and Automotive

By End-user ;

Hospitals, Clinics, Diagnostic Centers and Pharmaceutical Research

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn160584082 Published Date: August, 2025 Updated Date: September, 2025

Copper Stranded Wire Market Overview

Copper Stranded Wire Market (USD Million)

Copper Stranded Wire Market was valued at USD 255.37 million in the year 2024. The size of this market is expected to increase to USD 273.80 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 1.0%.


Copper Stranded Wire Market

*Market size in USD million

CAGR 1.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)1.0 %
Market Size (2024)USD 255.37 Million
Market Size (2031)USD 273.80 Million
Market ConcentrationHigh
Report Pages354
255.37
2024
273.80
2031

Major Players

  • DeRoyal
  • Albert David Ltd
  • Braun Melsungen AG
  • Terumo Corporation
  • Connecticut Hypodermics Inc.
  • Insulet
  • Septodont
  • Medtronic
  • BD
  • Schott AG
  • Cardinal Health
  • Smiths Medical
  • Others

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Copper Stranded Wire Market

Fragmented - Highly competitive market without dominant players


The copper stranded wire market is expanding steadily, supported by its crucial role in power distribution, telecom, and industrial applications. Approximately 58% of overall demand comes from electrical systems, where its flexibility and superior conductivity ensure reliable performance compared to solid wire alternatives.

Growth in Consumer Electronics
Nearly 42% of copper stranded wire demand is driven by consumer electronics, including smartphones, laptops, and home appliances. Its ability to deliver efficient current transfer and enhanced durability makes it a core material for compact and high-efficiency devices.

Automotive Industry Applications
The automotive sector contributes close to 35% of market demand, particularly in advanced wiring harnesses. Copper stranded wire provides the necessary strength and heat resistance, making it essential for electric and hybrid vehicles as the industry shifts toward electrification.

Industrial Equipment Utilization
Around 30% of copper stranded wire demand is linked to industrial equipment, automation, and robotics. Its mechanical flexibility and long service reliability make it highly effective in supporting heavy-duty machinery and manufacturing processes.

Future Market Prospects
The copper stranded wire industry is expected to maintain steady momentum, benefiting from its role in electronics, automotive, and industrial systems. With its proven efficiency, reliability, and adaptability, copper stranded wire remains a fundamental material in modern technological advancements.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Insulation Type
    2. Market Snapshot, By Geometry
    3. Market Snapshot, By Conductor Material
    4. Market Snapshot, By Application
    5. Market Snapshot, By End User
    6. Market Snapshot, By Region
  4. Copper Stranded Wire Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Public Health Campaigns
        2. Expansion of Hospitals and Clinics
        3. Access to Healthcare in Developing Regions
        4. Regulations Promoting Safe Injection Practices
      2. Restraints
        1. Insufficient medical facilities
        2. Presence of counterfeit products
        3. Price competition among manufacturers
        4. Access to healthcare in developing regions
      3. Opportunities
        1. Risk of cross-contamination
        2. Incidences of needle stick injuries
        3. Adoption of needle-free technology
        4. Use of alternative drug delivery systems
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Copper Stranded Market, By Insulation Type, 2021 - 2031 (USD Million)
      1. PVC
      2. XLPE
      3. PE
      4. XLPE/PVC
    2. Copper Stranded Market, By Geometry, 2021 - 2031 (USD Million)
      1. Bunched
      2. Concentric
    3. Copper Stranded Market, By Conductor Material, 2021 - 2031 (USD Million)
      1. Copper
      2. Aluminum
    4. Copper Stranded Market, By Application, 2021 - 2031 (USD Million)
      1. Power Transmission & Distribution
      2. Building Wire
      3. Industrial Wiring
      4. Automotive
    5. Copper Stranded Market, By End-user, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Clinics
      3. Diagnostic Centers
      4. Pharmaceutical Research
    6. Copper Stranded Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. DeRoyal
      2. Albert David Ltd
      3. Braun Melsungen AG
      4. Terumo Corporation
      5. Connecticut Hypodermics Inc.
      6. Insulet
      7. Septodont
      8. Medtronic
      9. BD
      10. Schott AG
      11. Cardinal Health
      12. Smiths Medical
  7. Analyst Views
  8. Future Outlook of the Market