USD 1.63 billion
Global 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
Global Cable Ties Market Insights
Global 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 global cable ties marketplace is experiencing enormous growth pushed by way of numerous programs across industries. Cable ties, or zip ties, are broadly applied for bundling and securing cables and wires in construction, car, and electric sectors. The expanding telecommunications infrastructure, coupled with growing car manufacturing, fuels demand. Growing recognition of cable management in residential and industrial production further propels the marketplace.
The marketplace sees a lot of materials, such as nylon and stainless steel, catering to precise industry wishes. Asia-Pacific dominates due to robust manufacturing activities, even as technological advancements and the call for reusable and sustainable ties grow to be key trends shaping the worldwide cable ties marketplace.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Nylon Cable Ties
Fastest Growth
Stainless Steel Cable Ties
Growth Rate
4.4% CAGR
Global Cable Ties Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Cable Ties Market By Product Type($ Bn)
Global Cable Ties Market By Product Type(%)
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Global Cable Ties Market Segmental Analysis
The global Cable Ties market is segmented into four major segments i.e. Material Type, Product Type, Application, and region. Based on Material Type, it is divided into Nylon Cable Ties, Stainless Steel Cable Ties, Others (Metallic, Composite). Based on Product Type it is segregated into, Standard Cable Ties, Releasable/Reusable Cable Ties, Heavy Duty Cable Ties, Mounting Cable Ties, Beaded Cable Ties, Push Mount Cable Ties. Based on Application, it is divided into Construction, Automotive, Electrical & Electronics, Telecommunications, Healthcare, Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Type
Nylon cable ties are likely to dominate the market due to their widespread use in various applications. Nylon offers a good balance of strength, flexibility, and cost-effectiveness, making it suitable for a broad range of industries, including construction, automotive, and electrical.
Stainless steel cable ties will experience rapid growth, driven by demand in industries where durability, corrosion resistance, and high tensile strength are critical factors. Applications in harsh environments, such as aerospace, oil & gas, and certain manufacturing processes, contribute to the increased adoption of stainless-steel cable ties.
Analysis by Application Segment
Standard cable ties are likely to dominate the marketplace due to their versatile packages throughout numerous industries. They are widely used for trendy bundling and securing purposes in creation, automotive, and electrical installations, making them a staple product in the cable ties market.
Releasable or reusable cable ties can also revel in speedy growth, driven with the aid of the increasing demand for sustainable and environmentally friendly answers. As recognition of plastic waste and environmental impact grows, industries can also opt for reusable cable ties, contributing to their increased adoption in programs wherein flexibility and sustainability are paramount.
Global Cable Ties Market By Product Type, 2023 (%)
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Global Cable Ties Market Regional Insights
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.
The Middle East and Africa vicinity ought to enjoy rapid growth pushed by way of increasing production and infrastructure projects, particularly in nations with expanding urbanization and industrialization. The call for cable ties in applications like oil and gasoline, telecommunications, and construction may also make contributions to the elevated growth of the marketplace in the MEA place.
Global Cable Ties Market By Region, 2024-2031
- Largest
- Fastest
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Global Cable Ties Market Dynamics
Drivers
Increasing Demand for Cable Management Solutions Across Diverse Industries
- 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.
Increasing Growth of Construction Segement
- The construction segment's continuous growth, especially in rising economies, fuels demand for cable ties in securing wiring and cabling systems.
Restraints
High Widespread Availability of Alternative Cable Management Solutions
- One of the main marketplace restraints is the good-sized availability of opportunity cable management answers. Competition from products like cable clips, straps, and conduits poses a restraint at the one-of-a-kind adoption of cable ties.
High Fluctuations in Uncooked Cloth Charges
- Financial downturns and fluctuations in uncooked cloth charges effect manufacturing expenses, influencing pricing dynamics for cable ties. Stringent environmental rules concerning plastic waste and sustainability concerns additionally contribute to the restraint, prompting the enterprise to explore green options.
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Global Cable Ties Market Competitive Landscape
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.
Top Player’s Company Profiles
- 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.
Recent Developments
- 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.
Global Cable Ties Key Market Trends
- 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.
Global Cable Ties Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Cable Ties market evaluation well-known shows a dynamic marketplace with some of standout traits and problems. The marketplace is driven by using the escalating demand for green cable control across industries, which includes construction, car, and electronics. However, opposition from alternative solutions and monetary fluctuations pose restraints. Standard cable ties dominate the market due to their versatile packages; even as reusable ties witness speedy growth amid a growing cognizance on sustainability. Asia-Pacific leads, fuelled by means of sturdy manufacturing and infrastructure sports. Key traits include the adoption of strong point ties for precise packages and the integration of smart technologies for advanced asset tracking. Overall, the market reflects a dynamic panorama evolving with technological improvements and a focal point on sustainable solutions.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.63 billion |
| Market size value in 2031 | USD 2.5 billion |
| Growth Rate | 4.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Cable Ties Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Cable Ties Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Cable Ties Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cable Ties Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cable Ties Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Cable Ties Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Cable Ties Market Report Snapshots
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