Live wire: Fluctuating downstream construction activity has caused slight revenue decline for the industry

The Wiring Device Manufacturing industry has exhibited moderately volatile revenue change over the five years to 2018; however, revenue has decreased overall. Industry performance is related to downstream industrial and construction activity, which have demonstrated large fluctuations. As residential construction activity increased sharply during the first half of the period, industry revenue followed. Additionally, other manufacturers that use industry devices increased production in response to higher spending. However, while downstream markets have improved, low commodity prices have pulled down industry prices and impeded industrial demand...purchase to read more.

Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 13-18
-0.5%
Forecast Growth 18-23
Profit
Employment
38,921
Businesses
570

Industry Threats & Opportunities

  • Import penetration from low-cost manufacturing regions further increased downward pressure on prices
  • The number of enterprises is expected to effectively stagnate
  • Industry exports to Canada and Mexico are expected to increase
  • Industry Report - Industry Locations Chapter

    The Wiring Device Manufacturing industry is currently estimated to have 567establishments. This is down from 571 establishments in 2013, which is largely due to offshoring and operators consolidating facilities. The number of establishments is expected to recover slightly in the next five years as demand improves. The locations of manufacturers in this industry tend to follow regional population density. Areas with a higher population density require more housing and can support more commercial businesses. Additionally, proximity to complementary industries and suppliers, like component and plastic manufacturers, influences the distribution of wiring device manufacturing establishments as well. Ind...purchase to read more.

    Additional Insights for the Wiring Device Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wiring Device Manufacturing Industry are

  • Having links with suppliers
  • Establishment of export markets
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Housing starts in the Wiring Device Manufacturing industry impact industry performance..

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    What's in this report

    What is the Wiring Device Manufacturing Industry?

    Companies in this industry manufacture current-carrying wiring devices and noncurrent-carrying wiring devices for wiring electrical circuits. These include products such as outlet and switch electrical wiring boxes, electrical insulators, transmission pole and line hardware, electrical metallic tubes, switches, conductor connectors, electric sockets, plugs and electric cords.

    Industry Products
  • Current-carrying wiring devices and supplies
  • Current-carrying switches for electrical circuitry
  • Current-carrying wire connectors for electrical circuitry
  • Pole line and transmission hardware
  • Electrical conduit and conduit fittings
  • Other noncurrent-carrying wiring device and supplies
  • All other products
  • Industry Activities
  • Manufacturing electrical conduits and conduit fittings
  • Manufacturing wire connectors for electrical circuitry
  • Manufacturing switches for electrical circuitry
  • Manufacturing pole-line and transmission hardware
  • Manufacturing convenience power outlets
  • Manufacturing metal contacts
  • Manufacturing lamp holders
  • Manufacturing other current-carrying wiring devices
  • Manufacturing other noncurrent-carrying wiring devices
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Housing starts
  • Value of private nonresidential construction
  • Import penetration into the manufacturing sector
  • Trade-weighted index

  • Current Performance
  • Conflicting downstream markets
  • International competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Favorable trends
  • Trade conditions
  • Table: Wiring Device Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wiring Device Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Heavy Engineering Construction
  • Electrical Equipment Manufacturing
  • Electronic Part & Equipment Wholesaling

  • Key Selling Industries
  • Aluminum Manufacturing
  • Copper Rolling, Drawing & Extruding
  • Metal Stamping & Forging
  • Metalworking Machinery Manufacturing
  • Plastic & Resin Manufacturing
  • Screw, Nut & Bolt Manufacturing

  • Products & Services
  • Current-carrying switches for electrical circuitry
  • Electrical conduit and conduit fittings
  • Current-carrying wiring devices and supplies
  • Current-carrying wire connectors for electrical circuitry
  • All other products
  • Other noncurrent-carrying wiring device and supplies
  • Pole line and transmission hardware
  • Chart: Wiring Device Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Construction
  • Manufacturers
  • Other markets
  • Chart: Major Market Segmentation for the Wiring Device Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Wiring Device Manufacturing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wiring Device Manufacturing Industry

  • Industry Globalization
    TE Connectivity Ltd., Hubbell Inc., General Electric Company,
  • Table: TE Connectivity Ltd. - financial performance
  • Table: Hubbell Inc. - financial performance
  • Table: General Electric Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wiring Device Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wiring Device Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Industrial production index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Connector
  • A device for connecting two wires. These cables enable electricity to flow, while also enabling easy disconnection and reconnection when necessary.
  • Electric Plug
  • A device for connecting electrically operated devices to the commercial power supply.
  • Offshore
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Switch
  • A control consisting of a mechanical, electrical or electronic device for making, breaking or changing the connections in a circuit.
  • What Our Customers Say

    Why buy this report?

    The Wiring Device Manufacturing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wiring Device Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wiring Device Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wiring Device Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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