Cable Gland Market Report: Trends, Forecast and Competitive Analysis to 2030

Cable Gland Trends and Forecast

The future of the global cable gland market looks promising with opportunities in the oil and gas, mining, aerospace and defense, manufacturing and processing, and chemical markets. The global cable gland market is expected to reach an estimated $2.7 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are increase in the demand for cable management systems, on-going development in the telecom industry, and growing production of automobiles and increasing sales of electric vehicles (EVs).

A more than 150-page report is developed to help in your business decisions.

Cable Gland by Segment

The study includes a forecast for the global cable gland by cable type, type, material, end use industry, and region.

Cable Gland Market by Cable Type [Shipment Analysis by Value from 2018 to 2030]:

• Armoured
• Unarmoured

Cable Gland Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Hazardous

Cable Gland Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Brass
• Stainless Steel
• Plastic and Nylon
• Others

Cable Gland Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Oil and Gases
• Mining
• Aerospace and Defense
• Manufacturing and Processing
• Chemical
• Others

Cable Gland Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cable Gland Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cable gland companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cable gland companies profiled in this report include-

• ABB
• Amphenol Corporation
• CMP Products
• Cortem
• Eaton Corporation
• Elsewedy Electric
• Emerson Electric
• Hubbell
• Hummel
• Warom Technology

Cable Gland Market Insights

Lucintel forecasts that armoured will remain the largest segment over the forecast period as it contains a single outer seal and are widely utilized for cables without an inner covering or bedding under the armor.

Within this market, aerospace will remain the fastest growing segment over the forecast period due to growing demand for better utilization of resources and materials, minimization of maintenance costs, protection from dust and moisture present in space vehicles, as well as enhancing the performance, and safety systems.

APAC is expected to witness highest growth over the forecast period due to existence of electric vehicle manufacturing companies, increasing construction of residential and commercial buildings, and growing research and development investments towards technology.

Features of the Global Cable Gland Market

Market Size Estimates: Cable gland market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cable gland market size by various segments, such as by cable type, type, material, end use industry, and region. in terms of value ($B).

Regional Analysis: Cable gland market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different cable types, types, materials, end use industries, and region.s for the cable gland market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cable gland market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the cable gland market size?

Answer: The global cable gland market is expected to reach an estimated $2.7 billion by 2030.

Q.2. What is the growth forecast for cable gland market?

Answer: The global cable gland market is expected to grow with a cagr of 6.1% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the cable gland market?

Answer: The major drivers for this market are increase in the demand for cable management systems, on-going development in the telecom industry, and growing production of automobiles and increasing sales of electric vehicles (EVs).

Q.4. What are the major segments for cable gland market?

Answer: The future of the cable gland market looks promising with opportunities in the oil and gas, mining, aerospace and defense, manufacturing and processing, and chemical markets.

Q.5. Who are the key cable gland market companies?

Answer: Some of the key cable gland companies are as follows:

• ABB
• Amphenol Corporation
• CMP Products
• Cortem
• Eaton Corporation
• Elsewedy Electric
• Emerson Electric
• Hubbell
• Hummel
• Warom Technology

Q.6. Which cable gland market segment will be the largest in future?

Answer: Lucintel forecasts that armoured will remain the largest segment over the forecast period as it contains a single outer seal and are widely utilized for cables without an inner covering or bedding under the armor.

Q.7. In cable gland market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to existence of electric vehicle manufacturing companies, increasing construction of residential and commercial buildings, and growing research and development investments towards technology.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cable gland market by cable type (armoured and unarmoured), type (industrial and hazardous), material (brass, stainless steel, plastic and nylon, and others), end use industry (oil and gases, mining, aerospace and defense, manufacturing and processing, chemical, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?