PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1090061
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1090061
Global Cable Tie Materials Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Cable Tie also known as hose tie, zip tie, or tie wrap refers to a long narrow piece of plastic that is utilized to tie separate things to hold them together. It comes with serrations on one end that lock inside an opening on the other end. Cable Tie has application in different areas such as transportation, telecommunications, speaker wires, and Music equipment among others. Cable Ties are made from different materials such as Nylon, Metallic, Polypropylene, Stainless Steel etc. Growing electronics and electricals industry and increasing number of end use applications of cable tie as well as recent innovative solutions introduced from leading market players are key drivers for growth of Cable Tie Materials Market. For instance, according to Statista - as of 2022, the revenue of global Consumer Electronics market is estimated to USD 1,057 billion, and the revenue is further estimated to reach to USD 1136 billion by end of 2026. Moreover, in January 2022, Huntersville, North Carolina, United States based NSI Industries launched new cable tie product named PowerGRP cable ties. These ties are available in a range of lengths and strengths. These ties feature a self-locking design, smooth edges to prevent damage to cables, a curved tip for faster threading. Also, growing investments in the 5G network infrastructure and rising transportation Sector in emerging markets are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, volatile cost of raw materials impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Cable Tie Materials Market study include: Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing commercial and residential construction and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as growing 5G network infrastructure and surging construction activities, would create lucrative growth prospects for the Cable Tie Materials Market across the Asia Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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