The global cable ties market is expected to display higher growth rate over the upcoming years. Rapid surge in the market is credited to the rising demand from food & beverages industry, and retail sector. Development of metal detectable cable ties is expected to drive the growth of the market over the forecast period. Globally, cable ties market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of cable ties.
Growing adoption of metal as well as nylon cable ties from pharmaceutical sector is anticipated to boost the demand of cable ties over the forecast period. Different types of cable ties such as counting zip tie, wire tie, zipper tie, wire wrap, hose tie, rat belt, and mouse belt are gaining popularity among end-use industries in the past few years. Use of cable ties for wide range of application ranging from bundling of cables to flameproof applications is estimated to amplify market value for cable ties in the upcoming years.
Cable ties are mostly less expensive, ease of use, and ubiquitous, thus finding application in various industries. Use of stainless steel cable ties with coated surface in rugged plastic, for exterior applications and extreme environmental conditions is predicted to foster the growth of cable ties market over the forecast period.
The cable ties market is broadly categorized into seven major segments based on the product type such as releasable cable tie, non-releasable cable tie, and beaded cable tie, push mount cable tie, rising-hole cable tie, identification cable tie, and heat stabilized cable tie. Releasable cable tie segment is growing rapidly in the market with substantial revenue generation in the last few years.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in manufacturing sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness slower growth due to the volatility in cost of raw material and rising concerns related to environmental hazards.
Asia-Pacific region is estimated to hold a major share in the cable ties industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising manufacturing activities, growing retail sector and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the cable ties market are The 3M Co., Advanced Cable Ties, Inc., Bay State Cable Ties LLC, YueQing Bontley Electric Co., Ltd., Acme Seals Group, Avery Dennison Corp., Brand IT-IDEX Inc., Helllarmanntyton Ltd., Novoflex Marketing Pvt., Ltd., Panduit Corp., Partex Marking Systems Ltd., RS Components Ltd., SapiSelco s.r.l., Surelock Plastics Pvt., Ltd., and Thomas & Betts Corp.
Report contents include
• Analysis of the cable ties market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on cable ties including products, sales/revenues, and market position
• Market structure, market drivers and restraints.
• North America
• Asia Pacific
• Middle East and Africa
• South America
• request free sample to get a complete list of companies
Research Support Specialist, USA