Zip Tie Market: An Overview

A zip tie is a type of fastener for holding products together. It is also referred to as cable tie, steggel tie, wire tie or hose tie. The zip tie is generally made up of stainless steel or nylon and has teeth on its flexible tape section. A zip tie has a tensioning tool used to tie products with a specific degree of tension, the tool can be cut-off in order to avoid sharp edge which may cause injury. Zip ties are available in various types including single loop, multiple loops, heavy duty, heat stabilized among others. Double loop zip ties provide more security to the products. Zip ties are effectively designed in order to tie products without damage. Different colored zip ties are available for different purposes to depend on the applications. The zip tie was invented by an electric company named Thomas & Betts, under the name Ty-Rap. Initially, the zip ties were designed for wire harnesses in airplanes. These are generally a single use product, they are typically cut, rather than reused or loosened. The outlook for the global zip tie market is expected to witness positive growth prospects during the forecast period.

Zip Tie Market: Dynamics

Zip tie market is expected to grow on the backdrop of the rising demand created by shopping malls, retail stores, and electrical sector. In a shopping mall, retail stores or other such places, customers’ bags and other storing things are tied with the zip tie before entering the place, to ensure security. These factors are expected to drive the global zip tie market during the forecast period. During electrical works, the zip ties are used for wire harnessing and assembly. For instance, zip ties are used for wire harnessing in airplanes. Zip ties are made up of plastic and metal both to cater to different markets. Also, to prevent zip ties from heat, metal zip ties are preferred over plastic ones. Zip ties can be available both as single use or reusable. Metal zip ties can be used for indoor, outdoor or underground applications. These are well suited where corrosion, fire, radiations or vibration extremes are a concern. These factors are expected to further drive the global zip tie market during the next decade.

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Zip Tie Market: Segmentation

Globally, the zip tie market has been segmented on the basis of material type, product, and end-use:

On the basis of material type, the global zip tie market has been segmented as:

  • Plastic
  • Metal

On the basis of product type, the global zip tie market has been segmented as:

  • Single loop zip tie
  • Double loop zip tie
  • Heat stabilized zip tie

On the basis of end-use, the global zip tie market has been segmented as:

  • Electrical & Electronics
  • Building & Construction
  • Automobile
  • Healthcare & Pharmaceuticals
  • Other Consumer Goods

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Zip Tie Market: Regional Outlook

South Asia and East Asia regions are expected to drive the demand for the zip tie during the forecast period. It is attributed to rapid growth in building & construction, industrial, electrical & electronics, and rise in the number of shopping complexes in countries such as India, China, Thailand, Malaysia, and Indonesia among others are expected to drive the growth prospects of the zip tie market in the region. The U.S. and Canada are expected to witness an average growth rate during the forecast period. Similar trends are followed by European countries such as Germany, Italy, the U.K., France, and Spain among others. The consumption of zip ties in the region is comparatively high due to extraordinary demand created by different end-use industries. The MEA region is expected to witness below average growth due to less availability of product in many African countries.

Zip Tie Market: Key Players

Some of the leading players operating in the global zip tie market are:

  • Advanced Cable Ties, Inc.
  • Hoods Corporation
  • Blackburn Industries
  • All-States Inc.
  • Cable Tie Express
  • Fastenal Company
  • HellermannTyton
  • Victoria Products

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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:

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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
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  • 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.

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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?

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