Wire and Cable Market to Touch US$ 235.9 Bn by 2026; New TMR Report Explores Impact of COVID-19 Outbreak
Monumental growth of the construction sector, which includes construction of commercial buildings, residential complexes, and industrial units is opening vistas for growth in the wire and cable market. According to data published by the United Nations Organization, in 2016, approximately 54.5% population globally lived in urban settlements, and by 2030, 60% of the global population is estimated to live in urban areas. This will lead to massive construction of residential buildings to indirectly influence the demand for wires and cables.
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