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Cable Tie: Introduction

  • Cable ties need to be able to meet the most diverse demands, as they are used in a wide range of operations – from the simple bundling of cables with cable ties to specific use of cable ties under extreme conditions. Cable ties are known by many different names such as wire tie, zipper tie, wire wrap, hose tie, rat belt, and mouse belt.
  • Cable tie is economical and versatile option for cable/wire bunching. It is produced and sold in different sizes as per requirement of customers. Cable tie is a one-piece molded mechanism with no metal barbs or burdensome wedges having fastening & self-locking device.

Key Drivers and Restraints of Global Cable Tie Market

  • Cable ties are easily available with wide variety of products due to the modest industrial process. They require comparatively smaller investments for the establishment of production units. There are limited entry obstacles for new entrants; as a result, local manufacturers are dominant across the globe. The market for cable ties is led by durable and lightweight materials. Rise in demand for cable ties in developing economies, and increase in production and demand for electronics and automobiles are boosting the cable tie market.
  • Cable ties carry certain disadvantages such as environmental concerns related to disposal. Varying global crude oil prices are also adversely impacting the cable tie market.

Cable Tie: Product Type Segment

  • Based on product type, the cable tie market can be segmented in releasable cable tie, non- releasable cable tie, beaded cable tie, push mount cable tie, rising hole cable tie, identification cable tie, and heat stabilized cable tie
  • Volatility in raw material prices and high competition in the market are expected to affect profit margins of manufacturers. Cable tie manufacturers are expected to expand their geographical reach in order to obtain consumers from niche markets and decrease their dependency on the third-party suppliers. Numerous regional cable ties vendors are offering modified solutions at lesser prices than international vendors in order to expand their presence in the global cable tie market. New vendors entering the cable tie market find it difficult to compete with the international cable tie vendors based on factors such as quality, features, functionalities, and services.

Covid-19 Impact on Cable Tie Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the cable tie market.

Asia Pacific to Dominate Cable Tie Market

  • Based on region, the global cable tie market can be classified into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. Asia Pacific is expected to dominate the global cable tie market during the forecast period. It is anticipated to be followed by North America. Europe and the North America together constitute more than 50% of the global cable tie market share. The market in Middle East & Africa, followed by that in Latin America, is slated to witness significant growth during the forecast period.
  • Some countries in Asia Pacific are inclined toward increase in construction activities and industrial development. This is likely to augment the demand for cable tie in the next few years. Thus, emerging and developed countries are expected to gain significant share of the cable tie market in the next few years. Additionally, sales of cable ties in Asia Pacific and Middle East & Africa are projected to increase significantly in the near future.

Key Manufacturers Operating in Global Cable Tie Market

Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global cable tie market include:

  • 3M
  • ACT Fastening Solutions
  • Bay State Cable Ties
  • Bontley Electric
  • Acme Seals Group Of Companies
  • Avery Dennison
  • Brand IT-IDEX Inc.
  • Helllarmanntyton Ltd.
  • Novoflex Marketing Pvt. Ltd.
  • Panduit Corporations
  • Partex Marking Systems
  • RS Components
  • Sapiselco
  • Surelock
  • Thomas & Betts Corporation

Global Cable Tie Market: Research Scope

Global Cable Tie Market, by Product Type

  • Releasable Cable Tie
  • Non-releasable Cable Tie
  • Beaded Cable Tie
  • Push Mount Cable Tie
  • Rising Hole Cable Tie
  • Identification Cable Tie
  • Heat Stabilized Cable Tie

Global Cable Tie Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Cable Tie Market