Global Cable Ties Market

Cable Ties Market Size, Share, Growth Analysis, By Material Type(Nylon Cable Ties, Stainless Steel Cable Ties), By Product Type (Standard Cable Ties, Releasable/Reusable Cable Ties), By Application(Automotive, Electrical & Electronics) - Industry Forecast 2024-2031

Report ID: SQMIG15E2504 | Region: Global | Published Date: March, 2024
Pages: 164 | Tables: 96 | Figures: 76

Cable Ties Market News

  • September 2023: IMCD N.V., a pinnacle mergers and acquisitions consultant that specialize in privately held groups, is excited to expose a success sale of its consumer, Merithian Products Corp., to Pegasus Supply Group. The final touch of the acquisition came about on June 30, 2023.
  • In 2023, Ascend Performance Materials has unveiled pre-coloured Vydyne® PA66 compounds designed for cable ties and fasteners, in particular addressing concerns in industries like pharmaceutical and food processing wherein overseas object contamination can pose fitness risks and damage reputations.
  • September 2023: Panduit's Launched PRT6EH-C Releasable Lashing Cable Ties characteristic a convenient launch tab, facilitating clean adjustments at some stage in development, manufacturing, or subject servicing. Specifically designed for heavy-obligation packages, those cable ties provide flexibility and comfort in eventualities wherein adjustments are anticipated.
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Cable Ties Market size was valued at USD 1.63 billion in 2022 and is poised to grow from USD 1.7 billion in 2023 to USD 2.5 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).

The aggressive surroundings of the Cable Ties market are dynamic and characterised with the aid of the presence of key industry players and a variety of products catering to various applications. The enterprise reveals a combination of set up multinational organizations and regional producers, providing diverse cable tie solutions. Product innovation and improvement are key techniques among marketplace players to introduce advanced and application-precise cable ties. 'Panduit Corporation', 'Thomas & Betts (acquired by ABB)', 'HellermannTyton Group', 'TE Connectivity (formerly Tyco Electronics)', 'Ideal Electrical Supply', 'Richco Plastic Company', 'CableOrganizer.com', 'RexLink', 'Southco, Inc.', 'Abbott Manufacturing LLC', 'Ellis Manufacturing Company', 'Anixter International Inc.', 'T&S Brass and Bronze Works', 'Electro-Sonic Controls, Inc.', 'Cablewholesale.com', 'Penn Elcom International', 'Nelson Fastener Division', 'Zip-A-Dee Co., Inc.', 'The Home Depot', 'Lowe's Companies, Inc.'

The growing demand for cable control solutions throughout various industries. The proliferation of electronic devices, increasing telecommunications infrastructure, and the developing car manufacturing drive the need for efficient cable bundling and organization. Cable ties, or zip ties, satisfy this requirement, improving cable protection and agency.

Rising Emphasis on Sustainable and Eco-Friendly Formulations: The increasing demand for reusable and sustainable cable ties. As environmental recognition grows, industries are seeking eco-friendly alternatives, using the development and adoption of cable ties which can be reusable and crafted from recyclable materials. Another trend entails improvements in fabric technologies, leading to the creation of high-overall performance cable ties with more desirable sturdiness, flame resistance, and temperature resistance. Moreover, the enterprise is experiencing a surge in demand for area of expertise cable ties designed for programs, consisting of the ones requiring resistance to excessive weather conditions or publicity to chemical compounds.

Asia-Pacific is possibly to dominate the cable ties market due to sturdy production activities, great infrastructure improvement, and excessive call for from industries along with creation, automotive, and electronics. Countries like China, India, and Japan make contributions substantially to the market's increase on this vicinity.

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Global Cable Ties Market

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