The global round nail clips market was valued at USD 1,280.9 Million in 2019 and is projected to reach USD 1,824.4 Million by 2027, expanding at a CAGR of 4.7% during the forecast period. A cable clip is a device that handles wires and cables and secures them to a fixed point on the surface such as a wall, ceiling, or floor. The round nail clip is a type of cable clip. Currently, a wide variety in varying sizes and shapes are available to monitor cables for home and industrial applications. In this highly technical age, cables are indispensable. Furthermore, in an average household, cables can be found running between desktop computers, video projectors, television sets, DVD players, and speakers. With the proliferation of mobile devices such as tablets, PCs, smartphones, and laptops, charging cables are necessary to ensure sufficient levels of battery. Since cable clips are important, in terms of different transmission activities, cables must be kept coordinated and out of the way to avoid interruptions and obstructions.
The market is driven by factors such as increase in the demand for round nail clips from data centers and IT facilities, growth in the construction industry, rapid industrialization, urbanization, rise in the demand for power, and government initiatives to expand or upgrade transmission & distribution systems. Conversely, high market fragmentation and grey market providing low quality and inexpensive products are likely to restrain the market. Growth of the e-commerce industry and favorable renewable energy policies in key countries are boosting market growth.
Round Cable Clip
Round cable clips are a type of round nail clips, widely used for cable and wire management. These clips can accommodate several cables, including micro-USB cords, of varying widths. They are majorly used to manage cables and keep the cables in place for easy removal by individual slots. Round cable clip is available in many sizes from 1mm to 50mm. It is made from a circle wire fastener with steel nails for easy adhesion on surfaces. Rounded cable clips are widely used and are common in (and beyond) residences and workstations worldwide.
Earth Flat Cable Clip
Earth flat cable clips consist of a mounting base affixed with a cross section. Clams secure the cables and wires that pass through the cross sections. This is a key advantage of using earth flat cables. Furthermore, earth flat clips are connected with the conductors, thus they are used for connecting the ethernet wires and several other electrical round wiring in residential and commercial buildings.
By Clip Size
Based on clip sizes, the market is categorized as less than 9mm, 9mm-15mm, and above 15mm. The 9mm-15mm segment held a significant share of the market in 2019 due to its increasing use in various industries. Moreover, growing use of 9mm-15mm cables in several household is fueling segment growth. 9mm-15mm cable clips are widely used for fitting several cables across commercial and residential settings, thus rising urbanization fuels the 9mm-15mm segment. The rising construction activities has led to the rise in the adoption of clips for connecting the cables, which are some of the factors, which contributes for the growth of the segment. The clips are less costly, which is also one of the factors, which contributes for the growth of the segment.
The 9mm-15mm clips are used for fixing cables have a diameter of more than 10mm. These stainless-steel round nail clips are non-toxic and heat resistant. These 9mm-15mm clips are used for managing high definition multimedia interface (HDMI) cables having a diameter between 9mm and 15mm. These clips are used for connecting wires in industrial and commercial spaces.
Round nail clips above 15mm are widely used in commercial and industrial spaces. Their wide diameter is advantageous for connecting several cables. These clips are composed of plastic and stainless steel, which provides durability. This, in turn, fuels the usage of round nail clips having a diameter of more than 15mm.
By Sale Channel
An online portal is a type of distribution channel, which uses electronic media. It is often defined as buying or selling services or goods over a public network without a physical media by uploading information to the Internet for users to view and choose from. This method of delivery is open to a vast number of customers and is cost-effective for businesses, as a physical media is not required. Online retailing has grown immensely popular over the last 15 years and some industrial evaluation analysts have shown the phenomenal growth in online retailers as the main cause for failure and shutdown of many traditional brick and mortar stores.
The offline distribution channel is a primary distribution channel used in regions where the Internet penetration is less. Offline sales often create substantial opportunities for cross-selling and upselling, thereby serving as massive collection repositories of additional customer data. Offline retailers have modified their prices to reduce the growth of the online sales. This, in other words, increases pricing competition on offline sales channels by the presence of online retailers.
In terms of regions, the round nail clips market is classified as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America accounts for a significant share of the market, followed by Europe. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period. The growth of the market in Asia Pacific is attributed to the substantial rise in several manufacturing sectors such as electronics. Moreover, rising number of construction projects in the region due to rapid industrialization and urbanization is expected to boost the demand for round nail clips. The growth of round nail clips market in North America is attributed to the presence of established players in the region that are developing and introducing products into the market.
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers types of round nail clips such as round cable clip and earth flat cable clip.
According to this Growth Market Reports report, global round nail clips market is likely to register a CAGR of 4.7% during forecast period 2020-2027, with an anticipated valuation of USD 1,824.4 million by the end of the 2027.
In addition to market size (in USD Million) and company market share (in % for base year 2019), other data such as cross-split data on regional level, segments data by country, macro-economic factors, COVID-19 Impact, and production of round nail clips is available in the final report.
The market is driven by the growing demand from data centers and it facilities and rapid growth in the construction industry.
Residential, industrial, and commercial are the key application that are driving the Global Round Nail Clips Market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness downfall owing to the negative impact of COVID-19 pandemic on the round nail clips market.
The base year considered for the global round nail clips market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major manufactures include Schneider Electric, Hont Electrical Co. Ltd., Zhejiang Yaonan Electric Co., Ltd., Zhejiang JiuHong Electric Co., Ltd., ABB LTD., NIKO Electric Co., Ltd, and others.
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