The Global Cable Ties market was valued at USD 1,621.4 Million in 2020 and is projected to reach USD 2,290.7 Million by 2028, expanding at a CAGR of 4.8% during the forecast period. Cable ties offer high binding strength and are not unlocked easily. Cable ties do not contain metal barbs and have one-piece molded mechanism with fastening & self-locking device.
A cable tie is defined as a type of fastener that holds items together. It is used to prevent damage and keep wires and cables organized. Cable ties are easily available, cost-effective, and easy to use. They offer high binding strength and are not unlocked easily. They are known by different names such as zipper tie, wire tie, wire wrap, rat belt, hose tie, and mouse belt.
Key market players manufacture and sell cable ties in different sizes as per need of customers. Cable ties are used for a diverse range of operations such as bundling of cables with cable ties in extreme conditions and binding a bundle of wires. The cable tie market is driven by rising adoption of cable ties in industries such as building and construction, automobile, and agriculture.
Cable ties are popularly used in industries such as pharmaceuticals, food & beverages, and building and construction. Cable ties are used for packaging of articles such as chemicals. Cable ties used in shipping packages are not available for reuse. Rising adoption of metal as well as nylon cable ties in the pharmaceutical sector is anticipated to drive the market.
Cable ties have curved heads, making it easy to thread. They are used in a large number of applications such as binding and fastening of cables and wires. Using cable ties does not require professional skills. Cable ties are used for fastening the cables used in outlets of solar panels, which in turn, is expected to drive the market.
Cable ties are manufactured by using different materials. Plastic cable ties are not disposable, thereby creating a negative impact on environment, which hinders the market growth. Metallic cable ties are expected to wear and tear with time and prolonged use, requiring reinstallation of cable ties. These factors are considered to hamper the market growth during the forecast period.
Many countries around the world export and import commodities such as raw materials, which is estimated to create big opportunities for key players in the market, as cable ties are used for packaging. Governments of many countries regulated their policies for smooth import and export of products.
Cable ties are used for many applications such as organizing and binding wires and cables. They are widely used in electricals and electronic communications. These factors are expected to boost the demand for cable ties. Cable ties can be used for color coding and identification of herbs. Cable ties are used for binding and organizing branches of trees. These factors are expected to propel the cable ties market.
Reusable cable ties are removed and installed easily. Beaded cable tie is commonly used, as it is adjusted easily. They are prominently used in packaging or sealing of articles that need to be reopened. Market players are focusing on manufacturing reusable cable ties, as it is expected to result in environmental sustainability.
In terms of types, the global cable ties market is segmented into releasable, non-releasable, push mount, beaded, rising hole, identification, heat stabilized, and others. Releasable cable ties are reusable and are used for any wire and cable bundling needs that require changes in the future. They are known as reusable cable ties and reusable zip ties and are ideal for use in homes or offices.
On the basis of materials, the market is classified into nylon, metallic, polypropylene, tefzel, stainless steel, and others. Nylon is the most common material for cable ties. It is a tough material that offers good abrasion and thermal resistance. It has the capability to resist fuels and most chemicals. Nylon 6/6 is used in cable ties, as it meets UL94 V-2 flammability ratings and offers a working temperature range from -40°F to 185°F.
Based on applications, the global cable ties market is segmented into electronic communication, electricals, building and construction, automobile, agriculture, retails goods, packaging, and others. The building and construction segment employs the usage of building materials such as cement and sand. Nylon cable ties or zipper ties are used to seal the packets of building material to prevent spillage. Electronics used in construction such as drilling machine and flooring machine use cable ties to prevent damage of electrical wires.
In terms of sales channels, the market is divided into online and offline segments. Online retail of cable ties creates lucrative opportunities for players to showcase their products through company websites or shopping websites. Customers easily order the desired products with hassle-free payment gateways and delivery. Emergence of pandemic period increased the demand for online purchases as social distancing and sanitization protocols need not be followed during online purchase of cable ties. All these factors foster the growth of the online segment during the forecast period.
On the basis of regions, the Cable Ties market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a significant share of the market in 2020 and the market in Asia Pacific is anticipated to expand at a substantial CAGR during the forecast period. The cable ties market is growing in North America, owing to increasing investments in innovations for cable ties in the region.
China accounts for a significant market share, due to increasing demand for cable ties in industrial equipment and automotive applications, which in turn, drives the market in Asia Pacific. Rising number of cable tie manufacturers in North America and increasing technological advancements are expected to fuel the cable ties market in this region.
Some frequently asked quetions about this report!
Major Manufactures AVERY DENNISON CORPORATION, Advanced Cable Ties, Inc., HellermannTyton, 3M, and Essentra Private Limited.
The base year considered for the global cable ties market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years and the forecast is provided from 2021 to 2028.
The COVID-19 impacts that have been taken into consideration while estimating the global Cable Ties market. The sudden outbreak of the coronavirus (COVID-19) has become a threat to the global Cable Ties market.
The demand for Cable Ties is expected to continue to increase over the forecast period, increasing applications of cable ties across various sectors and Rising demand for cable ties in developing economies.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The applications in the global cable ties market include electronic communication, electricals, building and construction, automobile, agriculture, retails goods, packaging, and others.
In addition to market size (in USD Million), company market share (in % for base year 2020), other data such macro-economic factors and COVID-19 impact on the value chain are also available in the final report. The market deep dive analysis by Poland Country has been included in the report.
According to this Growth Market Reports, the market from Cable Ties is likely to register a CAGR of 4.8% during forecast period 2021-2028, with an anticipated valuation of USD 2,290.7 Million by the end of the 2028.
Yes, the report provides supply chain analysis along with a list of raw material suppliers, manufacturers, distributors, and customers.
Additional company profiles can be provided on request.
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