Global Mining Cable Market Insights and Forecast to 2028

Mining cables refer to wire and cable products for surface equipment and underground equipment used in the mining industry, including cables for plastics, transport aircraft, communications, lighting and signal equipment, as well as power supplies for electric drill cables, cap lamp wires and underground rubber substations Cables, etc., mining cables are all flame-retardant cables, and the voltage level of mining cables is generally 10kV and below.
Market Analysis and Insights: Global Mining Cable Market
Due to the COVID-19 pandemic, the global Mining Cable market size is estimated to be worth US$ 12470 million in 2022 and is forecast to a readjusted size of US$ 14210 million by 2028 with a CAGR of 2.2% during the review period. Fully considering the economic change by this health crisis, Rubber Cable accounting for % of the Mining Cable global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Underground Mining segment is altered to an % CAGR throughout this forecast period.
In the Chinese market, major manufacturers of mining cables include Jiangsu Shangshang and Jiangsu Baosheng Technology.
According to product types, mining cables can be divided into rubber-sheathed cables, plastic cables, and mining machine cables. Rubber-sheathed cables occupy a dominant position, accounting for about 57% of the total market share. From the application point of view, underground mining is the market leader, which occupies more than 80% of the total market share, followed by open-pit mining.
In terms of production side, this report researches the Mining Cable capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Mining Cable by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Mining Cable Scope and Segment
Mining Cable market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Mining Cable market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Rubber Cable
Plastic Cable
Mining Machine Cable
Segment by Application
Underground Mining
Open Pit Mining
By Company
Shangshang
Baoshengcable
Wanmacable
Jiangnangroup
Szjiy
Ahlydl
Npcable
Nan-Cable
Hanhe-Cable
AMMANN
Hzcables
Orientcable
Qifancable
Sinostar-Cable
Prysmian Group
Nexans
Southwire
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE