According to a recent market study published by Growth Market Reports titled, “Global Round Nail Clips Market by Types, Clip Size, Cable Size, Sales Channel, and Region: Size, Share, Trends, and Opportunity Analysis, 2020-2027”, the market was valued at USD 1,280.9 Million in 2019 and is anticipated to expand at a CAGR of 4.7% between 2020 and 2027. In terms of volume, global round nail clips market is anticipated to expand at a CAGR of 4.3% during the forecast period. The growing use of hyperscale data center investments have risen rapidly in the recent years, led by Microsoft, AWS, Google, Facebook, and Alibaba. Telecom operators in many countries are investing extensively to increase internet access worldwide. This, in turn, increases the demand for round nail clips for securing wires.

The Global Round Nail Clips market is segmented into types, clip size, cable size, sales channel, and regions. On the basis of types, the market has been divided into round cable clip and earth flat cable clip. This segment is further sub divided into residential, industrial, and commercial. In terms of the cable size, the global round nail clips market has classified as less than 9mm, 9mm-15mm, and above 15mm. This segment is further sub divided into residential, industrial, and commercial. Based on cable size, the market has been segmented into less than 4mm, 4mm-10mm, and above 10 mm. On the basis of sales channel, the global round nail clips market has been market has been fragmented into online and offline. The online segment is further segmented into company-owned websites, electrical wholesaler/distributor, e-commerce. By region round nail clips market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as the U.S., and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, the Asia Pacific is further segmented into, China, Japan, South Korea, India, Australia, New Zealand, South East Asia (SEA), and Rest of Asia Pacific (APAC). The European region is further categorized into Germany, France, Italy, U.K., Spain, Austria, Switzerland, Belgium, Denmark, Sweden, Finland, Norway, Ireland, Russia, and Rest of Europe, and the Rest of Europe, and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.

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Generally, the cable clip consists of two important components, one device for connecting the cables, and the other for fastening the entire cable clip (including the cables collected) against a single spot on the surface, while the entire package stays in place. Some manufacturers are developing goods in such a way that these two mechanisms come separately while combining them offers greater utility and several advantages. One type of cable clip is constructed as a single piece of material (that is plastic) to hold wires and cables on one end, while a hole is created on the other end through, which a nail can be used to attach the clip to a wall or other surface.

As per Growth Market Reports industry analyst Akshata Ahire, “The global round nail clips market is anticipated to grow at a substantial pace during forecast period, from 2020 to 2027 due to the rapid industrialization & urbanization & consequent increase in the demand for power is expected to drive the market. Moreover, growth of the e-commerce industry globally is projected to provides opportunities for increasing buying options in the round nail clips market.”

Key Takeaways from the Study:

  • France-based company, Schneider Electric and Switzerland based ABB Ltd. held majority share of the global round nail clips market in 2019 compared to other players in the market.
  • The round cable clip segment is expected to hold majority share of the market in 2020 owing to the increasing adoption of round cable clips globally. The earth flat cable clip segment is anticipated to expand at a significant CAGR during the forecast period.
  • The offline segment holds most share of the market in 2020 and it is expected to expand at a substantial CAGR during the forecast period. The online segment is projected to expand at significant pace during the forecast period due to increasing sales of round nail clips through the online sales channel.
  • The Asia Pacific is a promising region of the market. The region constituted major share of the global market in 2020. The demand for round nail clips is expected to rise due to increasing number of IT and data centers in the region. The market in North America is projected to expand at a substantial pace during the forecast period.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 1,280.9 Million

Market Growth Rate (from 2020 to 2027)

4.7%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (USD Million) and Volume (Million Units)

Market Segments

Types, Resources, Compositions, Applications, and End-Users

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

The US., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, New Zealand, Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, U.K., Spain, Austria, Switzerland, Belgium, Denmark, Sweden, Finland, Norway, Ireland, Russia, and Rest of Europe, Saudi Arabia, South Africa, UAE and Rest of MEA.

Key Companies Profiled

ABB LTD., Blackburn & Co. Pvt. Ltd., CAMSCO ELECTRIC CO., LTD, CHS, difvan, ECM Industries, LLC., Hont Electrical Co., Ltd.., HUA WEI INDUSTRIAL CO., LTD., NIKO Electric Co., Ltd, Professional Wenzhou HuiDa Plastic Co. Ltd., Schneider Electric, WENZHOU MOGEN ELECTRIC CO.,LTD, YUEQING BOESE ELECTRONIC PLASTIC CO.,LTD, Zhejiang JiuHong Electric Co., Ltd., and Zhejiang Yaonan Electric Co., Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements

Target Audience:

  • Supply-side: Polyethylene manufacturers, raw material suppliers, primary respondents, and distributors.
  • Demand Side: Automobile, building construction, electrical and electronics, IT & Telecommunication, and others
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and Industry Bodies: American Society for Testing and Materials (ASTM), Canadian Standards Association (CSA) Group, International Electrotechnical Commission (IEC), Health and Safety Executive (HSE), Occupational Safety and Health Administration (OSHA), and others.