USD 143.59 million
Global Nylon Cable Ties Market Size, Share, Growth Analysis, By Type(Nylon 6, Nylon 66 and others), By Application(Building and construction industry, automotive industry) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2419 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
75
Global Nylon Cable Ties Market Insights
Nylon Cable Ties Market size was valued at USD 143.59 million in 2021 and is poised to grow from USD 153.5 million in 2022 to USD 261.78 million by 2030, at a CAGR of 6.9% during the forecast period (2023-2030).
The Global Nylon Cable Ties Market is witnessing significant growth and holds a prominent position in the industrial and consumer goods sectors. These versatile and durable fastening solutions are extensively used to secure and organize cables, wires, and other components, driving their demand across various industries. The market is experiencing a surge in adoption due to the escalating infrastructure development, industrialization, and urbanization worldwide. Additionally, the rising awareness about the importance of cable management in enhancing operational efficiency and safety is bolstering market growth. The present market scenario is characterized by a diverse range of nylon cable ties, varying in size, strength, and application, catering to the specific requirements of different end-users. Furthermore, manufacturers are continually focusing on product innovations, incorporating advanced materials and designs to improve tensile strength, temperature resistance, and overall performance. The market is also witnessing a significant shift towards eco-friendly and reusable cable ties, driven by the growing emphasis on sustainability and environmental consciousness. Geographically, all major regions are contributing to the market's expansion, with Asia-Pacific, North America, and Europe being the primary revenue generators. As the demand for efficient cable management solutions continues to rise across industries, the global market is projected to maintain its upward trajectory in the foreseeable future.
US Nylon Cable Ties Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Nylon 66
Fastest Growth
Nylon 66
Growth Rate
6.9% CAGR
Global Nylon Cable Ties Market ($ Bn)
Country Share for North America Region (%)
Global Nylon Cable Ties Market By Type ($ Bn)
Global Nylon Cable Ties Market By Type (%)
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Global Nylon Cable Ties Market Segmental Analysis
Global Nylon Cable Ties Market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into Nylon 6, Nylon 66 and others. Based on application, the market is segmented into Building and construction industry, automotive industry, agricultural industry, electronics and electrical industry, consumer goods industry, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Nylon Cable Ties Market Analysis By Type
The dominant segment in the Global Nylon Cable Ties Market is Nylon 66. Nylon 66 cable ties are widely favored due to their exceptional strength, high melting point, and excellent resistance to chemicals, making them suitable for various industrial applications. Their superior performance characteristics, coupled with their widespread use in industries such as automotive, aerospace, and electrical, have contributed to Nylon 66's leading position in the market.
The fastest-growing segment in the Global Nylon Cable Ties Market is the others category, which includes emerging and specialty nylon cable tie variants. This segment is witnessing rapid growth due to the increasing demand for specialized cable ties catering to unique industrial requirements. These specialized ties may have unique properties, such as increased flexibility, enhanced UV resistance, or specific color-coding capabilities, making them ideal for niche applications. The growing need for customized solutions across different industries is propelling the adoption of these specialty nylon cable ties, leading to the rapid expansion of the "others" segment in the market.
Nylon Cable Ties Market Analysis By Application
The dominant segment in the Global Nylon Cable Ties Market is the electronics and electrical industry. With the ever-increasing use of electronics in various sectors, the demand for secure cable management solutions has surged. Nylon cable ties are widely preferred in this industry for their ability to efficiently organize and fasten wires, cables, and components, ensuring a clutter-free and safe environment. The electronics and electrical industry's reliance on nylon cable ties for applications in appliances, electronics manufacturing, telecommunications, and power distribution has solidified its position as the leading consumer of these fastening solutions.
The fastest-growing segment in the Global Nylon Cable Ties Market is the building and construction industry. The construction sector's rapid growth, particularly in emerging economies, has driven the demand for cable management solutions in various infrastructure projects. Nylon cable ties are being extensively employed in this industry to manage and secure cables, wires, and pipelines effectively. Their durability, ease of use, and cost-effectiveness have made them a popular choice for construction applications, contributing to the significant growth of this segment in the market. As the building and construction industry continues to witness expansion, the demand for nylon cable ties is expected to experience a notable surge, driving the growth of this particular segment.
Global Nylon Cable Ties Market By Type, 2023 (%)
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Global Nylon Cable Ties Market Regional Insights
The dominant region in the Global Nylon Cable Ties Market is North America. The region's strong position can be attributed to the extensive adoption of advanced technologies and the presence of well-established industries, such as automotive, aerospace, and electronics. The demand for nylon cable ties in North America is driven by the need for efficient cable management solutions across various sectors, ensuring safety and organization in complex systems. Additionally, the region's focus on research and development, coupled with a robust manufacturing base, further bolsters the prominence of North America in the nylon cable ties market.
The fastest-growing region in the Global Nylon Cable Ties Market is Asia Pacific. The region's rapid economic growth, industrialization, and urbanization have led to a significant surge in infrastructure development, contributing to the increased demand for cable management solutions. The growing consumer electronics and automotive industries in countries like China, India, Japan, and South Korea have also driven the adoption of nylon cable ties. Moreover, the rise in government initiatives promoting renewable energy and sustainable practices further fuels the demand for cable ties in the Asia Pacific region. As a result, Asia Pacific is witnessing substantial growth and is expected to continue being the fastest-growing market for nylon cable ties in the foreseeable future.
Global Nylon Cable Ties Market By Geography, 2024-2031
- Largest
- Fastest
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Global Nylon Cable Ties Market Dynamics
Nylon Cable Ties Market Drivers
Increasing focus on safety and efficiency in cable management across industries
- One key driver of the Global Nylon Cable Ties Market is the increasing focus on safety and efficiency in cable management across industries. As the industrial and consumer sectors rely more on complex electrical and electronic systems, the need for secure and organized cable arrangements becomes paramount. Nylon cable ties offer a cost-effective and reliable solution for bundling and fastening cables, thereby reducing the risk of accidents, ensuring optimal functioning of systems, and enhancing overall efficiency.
Nylon Cable Ties Market Restraints
Growing awareness and adoption of alternative cable management solutions
- A key restraint of the Global Nylon Cable Ties Market is the growing awareness and adoption of alternative cable management solutions, such as reusable cable ties and hook-and-loop fasteners. With increasing emphasis on sustainability and reduced waste, industries and consumers are seeking more eco-friendly options. Reusable cable ties made from materials like silicone or rubber provide a greener alternative to single-use nylon ties. This shift towards more sustainable practices may pose a challenge to the widespread demand for traditional nylon cable ties in the market.
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Global Nylon Cable Ties Market Competitive Landscape
The competitive landscape of the Global Nylon Cable Ties Market is characterized by intense rivalry among key players vying for market share. Companies are actively engaged in product innovations, striving to enhance the tensile strength, temperature resistance, and overall performance of nylon cable ties. Additionally, players are focused on expanding their global presence by establishing strategic partnerships, collaborations, and distribution networks to cater to a diverse range of industries and regions. The market's competitive dynamics are further influenced by the growing demand for eco-friendly and reusable cable tie options, prompting manufacturers to explore sustainable materials and manufacturing processes. As the market continues to witness growth, competition is expected to remain robust, driving further advancements and developments in nylon cable tie offerings.
Nylon Cable Ties Market Top Player’s Company Profiles
- Thomas & Betts Corporation (US)
- Changhong Plasctoc Group (China)
- Yueqing Huada Plastic (China)
- HONT Electrical Co. Ltd (China)
- Partex (Sweden)
- KSS (Taiwan)
- American Elite Molding (US)
- Panduit Corporation (US)
- Avery Dennison Corporation (US)
- NORMA Group (Germany)
- Essentra plc (UK)
- Cable Ties Unlimited (US)
- NELCO Products Inc. (US)
- Advanced Cable Ties Inc. (US)
- Techflex Inc. (US)
- Tiewraps.com (US)
- HelaTape (Germany)
Nylon Cable Ties Market Recent Developments
- In April 2023, American Elite Molding (US) invested in cutting-edge automation technology to streamline its manufacturing process, significantly increasing production capacity and reducing lead times. The company's commitment to automation is expected to meet the rising demand for nylon cable ties across various industries.
- In January 2023, Partex (Sweden) introduced an innovative range of RFID-enabled nylon cable ties, offering advanced tracking and identification capabilities for industrial applications. These smart cable ties enable efficient inventory management and real-time monitoring of cable systems, enhancing operational efficiency for customers.
- In September 2022, Thomas & Betts Corporation (US) unveiled a groundbreaking eco-friendly series of biodegradable nylon cable ties, addressing the growing demand for sustainable solutions. These ties are designed to decompose naturally over time, reducing their environmental impact and aligning with the company's commitment to sustainability.
- In June 2022, Hellermann Tyton (UK) announced a strategic partnership with Yueqing Huada Plastic (China) to expand its market presence in the Asia Pacific region. Through this collaboration, Hellermann Tyton aims to leverage Yueqing Huada Plastic's strong distribution network to reach a broader customer base.
- In March 2022, Ascend Performance Material (US) introduced a new line of high-temperature resistant nylon cable ties, catering to the aerospace and automotive industries. These innovative cable ties can withstand extreme temperatures, providing enhanced durability and reliability in critical applications.
Global Nylon Cable Ties Key Market Trends
- Growing demand for eco-friendly and sustainable cable tie solutions: One key market trend in the Global Nylon Cable Ties Market is the growing demand for eco-friendly and sustainable cable tie solutions. As environmental consciousness increases among industries and consumers, there is a rising preference for cable ties made from biodegradable materials or those that can be reused multiple times. Manufacturers are responding to this trend by developing innovative and eco-friendly nylon cable ties that offer similar performance and durability while minimizing their impact on the environment. The shift towards sustainable cable tie options aligns with the broader global focus on reducing plastic waste and promoting greener practices across various industries.
Global Nylon 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 Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Nylon Cable Ties Market analysis, the market is experiencing significant growth driven by the increasing demand for efficient cable management solutions across industries. Nylon cable ties are widely favored for their versatility and durability, securely organizing cables, wires, and components in various applications. The market is dominated by Nylon 66 ties, widely adopted for their strength and chemical resistance. The electronics and electrical industry stands out as the dominant application segment, while the building and construction sector is the fastest-growing segment. Companies in the market are engaged in continuous product innovations and expanding their global presence through partnerships and collaborations. However, the market faces a restraint in the form of the growing preference for eco-friendly alternatives to traditional single-use nylon ties. Amidst this landscape, manufacturers are exploring sustainable materials and designs to cater to the market's evolving needs. The trend towards eco-friendly cable tie solutions reflects the industry's increasing emphasis on environmental consciousness and sustainability.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 143.59 million |
| Market size value in 2031 | USD 261.78 million |
| Growth Rate | 6.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| 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 Nylon 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 Nylon 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 Nylon 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 Nylon 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 Nylon 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 Nylon 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 Nylon Cable Ties Market Report Snapshots
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