ID: MRFR/CnM/5543-CR | December 2018 | Region: Global | 154 pages
Stainless-steel cable ties market is projected to exhibit a compound annual growth rate of 3.12% during the forecast period (2018-2023). The market is likely to surpass a valuation of USD 220,900 thousand by 2023-end. More than 124,157 thousand tons of stainless-steel cable ties were shipped globally in 2017. They have emerged as an important component in modern engineering designs. Demand for stainless-steel cable ties has also increasing due to their growing application prospects. They cater to a diverse range of industrial domains and are likely to remain a sought-after product throughout the assessment period. In addition, development of RDIF integrated cable ties is expected to open new windows of opportunities for market players in the near future.
This MRFR report includes a comprehensive analysis of the global stainless-steel cable ties market along with a five-year (2018-2023) revenue analysis. The report starts with an executive summary which act as preview for what is to follow. For market analysis, all the necessary parameters are considered and critically gauged. As a part of revenue analysis, market size both coated stainless-steel cable ties and uncoated stainless-steel cable ties is assessed. In also includes a comprehensive discussion of the wide application base of stainless-steel cable ties that covers construction, transportation, marine, chemicals, oil & gas exploration, mining, and electronics among others.
ABB, Tridon Australia, Dot Group International, Essentra PLC, Advanced Cable Ties Inc., HellermannTyton, NSi Industries, LLC, Norma Group, Panduit, and Heyco.
The stainless-steel cable ties market report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
MRFR enforces a variety of research methods, carefully selected to create a research model which takes the best perspective for market analysis. To ensure high accuracy, information is retrieved from primary methods such as first-hand interviews with industry decision makers. This is then substantiated and analyzed by secondary research methods such as annual reports, SEC filings, and others. Ensuring transparency and dedication to provide trustworthy market reports, experts integrate top-down and bottom-up approaches into the research model. This enables estimations and validation of various crucial market figures. These market figures are then used for providing consistent analysis along with mission-critical insights.
For the scope of the research, MRFR’s stainless-steel cable ties market report offers a comprehensive segmental analysis of the global market for stainless-steel cable ties
|Market Size||2030 : Significant Value|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Application, end use and region|
|Geographies Covered||Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa|
|Key Vendors||ABB, Tridon Australia, Dot Group International, Essentra PLC, Advanced Cable Ties Inc., HellermannTyton, NSi Industries, LLC, Norma Group, Panduit, and Heyco.|
|Key Market Opportunities||Demand for stainless-steel cable ties has also increasing due to their growing application prospects.|
|Key Market Drivers||Furthermore, it sheds light on the comprehensive competitive landscape of the global market.|
Frequently Asked Questions (FAQ) :
Stainless-Steel Cable Ties Market is predicted to grow at 3.12% through forecast period of 2018-2023.
The forecast period for Stainless-Steel Cable Ties Market research report is 2020-2027.
Global Stainless-Steel Cable Ties Market is dominated by APAC region.
Some of the major players operating in the global stainless steel cable ties market are HellermannTyton (UK), Panduit (US), ABB (Switzerland), Norma Group (Switzerland), Essentra PLC (UK), Heyco (US), Tridon Australia (Australia), NSi Industries, LLC (US), Dot Group International (UK), and Advanced Cable Ties Inc. (US).
HellermannTyton (UK), Panduit (US), ABB (Switzerland), Norma Group (Switzerland), and Essentra PLC (UK) collectively holds the largest market share of the global stainless steel cable ties market. There is intense competition among these players to capture the largest market share in the global market. These players are implementing various strategies such as capacity expansions, supply/distribution agreements, mergers & acquisitions, investments, product launches, technology transfers, and joint ventures to maintain their market dominance and increase global presence. Among them, acquisition, expansion, and product launches were the most widely used growth strategies in 2017.
Hellermann Tyton is the leading producer and innovator of stainless steel cable ties products. The company manufactures a variety of products including cable ties and fixing, insulation, cable production systems, electrical installation, application tooling, and connectivity equipment. The company is constantly looking for research and development of their products to improve their quality.
ABB is a leading player in the global stainless steel cable ties market. It manufactures and sells electrification, robotics and motion, industrial automation, and power grid products worldwide. Its electrification products segment provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions. In May 2012, ABB successfully completed the acquisition of Thomas & Betts. This acquisition is expected to increase ABB’s revenue base in the US and make them leading players in power and automation technologies.
Norma Group is engaged in manufacture and sale of a comprehensive range of engineered joining technology products in more than 100 countries. The company offers hose clamps, retaining clamps, quick connectors, and pipe couplings. It invested USD 33.36 million in its R&D facility in 2017. In July 2017, Norma completed the acquisition of the Chinese Fengfan Fastener Co., Ltd, which produces joining products made of stainless-steel and plastic. This acquisition is expected to increase the company’s market share and strengthen its position in the global stainless steel cable ties market.
Essentra PLC is engaged in the manufacture and distribution of protective plastic caps, cable ties, fasteners, handles and knobs, and printed circuit board (PCB) hardware. The company has 48 manufacturing facilities and 4 R&D centers for the innovation and enhancement of the product line. It is planning to expand its business by investing in the innovation and expansion of its product line and thus increase its share in the global stainless steel cable ties market.
Tridon Australia distributes and manufactures automotive parts, battery terminals and accessories, cable ties, engine management accessories, flashers and relays, glow plugs, heater fan resistors, hose clamps, ignition, Mallory squeegees, oil and cartridge caps, switches and sensors, and thermostats and gaskets. It is focussing on implementing growth strategies such as mergers, agreements, acquisition and expansion to grow higher in the global stainless steel cable ties market.