About Flexible Cables
Flexible cables are the electrical cables specially designed to cope with the tight bending radii and physical stress associated with moving applications such as inside cable carriers. Flexible cables can bend or flex according to the requirement without sustaining damage. These cables almost used in every electrical gadgets, housing complexes, industrial setup, power generation facilities etc. Cables are designed and chosen carefully according to their application and working environment.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.8% |
The global Flexible Cables market is highly fragmented due to the presence of various global and regional manufacturers. With high competition in the market, major players are actively upgrading their products and services to meet the evolving customer requirements. Analyst at AMA Research estimates that German Vendors will contribute the maximum growth to Global Flexible Cables market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SAB Bröckskes GmbH. & Co. KG (Germany), Lutze Inc. (Germany), Universal Cables, Ltd. (India), LUTZE Inc. (United States), Finolex Cables (India), Cleveland Cable Co Ltd (United Kingdom), Belden (United States), Lapp Gruppe (Germany), FLEXICON (United States) and Huber+Suhner (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Houston Wire & Cable (United States), ConCab Kabel gmbh (Germany) and Cavotec (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Flexible Cables market by Type (Single Core Cable, Multicore Cable, Submersible Cable and Welding Cable), Application (Signal Transmission and Power Transmission) and Region.
On the basis of geography, the market of Flexible Cables has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Automobile Industry will boost the Flexible Cables market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Innovative Products in the Market
Market Growth Drivers:
High Temperature Resistant and High Performance of Flexible Cables, High Demand for Household Electrical Wiring and Increasing Applications in the Consumer Electronics
Challenges:
Improving Quality of the Product without Hampering Final Cost
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Automobile Industry Worldwide, Rising Demand for Power Transmission and Connectivity and Rising Construction Projects in Developing Countries
Market Leaders and their expansionary development strategies
On 10th November 2021, HUBER+SUHNER expands a high voltage cable line with the launch of RADOX screened FLEX cables. Based on the field-proven RADOX battery cables, HUBER+SUHNER has combined its RADOX technology with a new type of conductor to develop this next-generation battery cable range.
"According to the United Kingdom IET Wiring Regulation, Based on the field-proven RADOX battery cables, HUBER+SUHNER has combined its RADOX technology with a new type of conductor to develop this next-generation battery cable range."
Key Target Audience
Flexible Cables Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.