Conducting growth: The industry is forecast to recover as economic growth stimulates demand

The primary product of the Copper Production industry is copper wire, which has a variety of electrical applications in cars, transport equipment and the construction sector. Products like busbars, which conduct electricity within switchboards and substations, are used in electrical power distribution. Other key products include copper pipes and pipe fittings used in plumbing, heating, ventilation and air conditioning systems. A renewed focus on operational efficiency has led operators to withdraw low-margin products from the market. Although industry operators process scrap copper and copper alloys, no primary copper refining occurs in the United Kingdom. Consequently, international trade plays an important role in the industry...read more.

Industry Statistics & Market Size
Revenue
£594.2m
Annual Growth 14-19
-5.5%
Forecast Growth 19-24
x.x%lock
Profit
x.x%lock
Employment
2,327
Businesses
33
Market Share of Companies

Industry Threats & Opportunities

  • Falling copper prices over much of the past five-year period strongly affected revenue
  • The number of enterprises has steadily declined since the last active copper mine in Britain ceased operating
  • Demand from hybrid and electric car manufacturing is forecast to offer a new growth opportunity

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    Industry Report - Industry Investment Chapter

    The industry has a moderate level of capital intensity. Applying wages as a proxy for labour and depreciation for capital investment, the industry has a capital-to-labour ratio of 1:5.85 in 2018-19. This indicates that for every £1.00 spent on capital, industry operators will spend £5.85 on wages. Conversely, for every £1.00 spent on wages or labour, firms would spend 17p on capital. This includes IBISWorld’s projections that wages will represent 11.1% of industry revenue, while depreciation will account for 1.9% of revenue in 2018-19.As with the majority of manufacturers, copper wire, pipe and shape producers use heavy equipment and machinery to heat, cut and manipulate raw materials. Wag...purchase to read more.

    Additional Insights for the Copper Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Copper Production Industry are

  • Ability to accommodate environmental requirements
  • Guaranteed supply of key inputs
  • Output is sold under contract - incorporate long-term sales contracts

    • IBISWorld analysts also discuss how external factors such as Demand from other electronic wire and cable manufacturing and World price of copper in the Copper Production industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Copper Production Industry?

    Companies in this industry produce copper and copper alloys, such as bronze and brass. The main products in the industry are wires and cables, but companies also produce tubes, rods and pipes.

    Industry Products
  • Copper wire and cable
  • Copper tubes, pipes and fittings
  • Copper busbars
    • Industry Activities
  • Producing copper from ores and scrap
  • Manufacturing copper wire and strip
  • Manufacturing copper alloys
  • Manufacturing tubes, pipes and pipe fittings from brass
  • Semi-copper
  • Manufacturing copper rods
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Demand from other electronic wire and cable manufacturing
  • World price of copper
  • Demand from electricity distribution and control apparatus manufacturing
  • Demand from plumbing, heating and air conditioning installation
  • Demand from fibre-optic cable manufacturing

    • Current Performance
  • Copper trends
  • European trade
  • Downstream demand
  • High in fibre
  • Chart: Revenue Growth

    • Industry Outlook
  • New applications
  • Constructive construction
  • Tarnishing revenue
  • EU trade
  • Table: Copper Production Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Copper Production Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Electricity Distribution & Control Apparatus Manufacturing
  • Tap & Valve Manufacturing
  • Motor Vehicle Parts & Accessories Manufacturing
  • Plumbing, Heating & Air Conditioning Installation

    • Key Selling Industries
  • Electricity Supply
  • Metal Forming Machinery Manufacturing

    • Products & Services
  • Copper wire and cable
  • Copper tubes, pipes and fittings
  • Copper busbars
  • Other
  • Chart: Copper Production Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Electrical and electronic equipment manufacturers
  • Construction sector
  • Transport and automotive sectors
  • Other
  • Chart: Major Market Segmentation for the Copper Production Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Copper Production

    • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Copper Production Industry

    • Industry Globalization

    Major Companies

    Mueller Europe Ltd, The Lawton Tube Company Limited, Prysmian Cables & Systems Ltd, Pegler Yorkshire Group Ltd,
  • Table: Mueller Europe Ltd - financial performance
  • Table: The Lawton Tube Company Limited - financial performance
  • Table: Prysmian Cables & Systems Ltd - financial performance
  • Table: Pegler Yorkshire Group Ltd - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Copper Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Copper Production Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Alloy
  • A mixture of two or more metals.
    • Busbar
  • Copper strips used to conduct electricity in substations and distribution boards.
    • Ingot
  • A mass of metal, such as a bar or block, that is cast in a standard shape for convenient storage or shipment.
    • Ore
  • A rock or mineral that has enough metal in it to make it worth extracting. In the case of copper, it is worth extracting when there are approximately 2 kilograms of copper per 1 metric ton of ore.
    • Rod
  • A thin straight bar
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Copper Production market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Copper Production:
    • 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 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 Copper Production 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 Copper Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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