What is Cable Sleeves Market?
Cable sleeves are the fabric used for covering the cable. Cable sleeve serves a critical function and deserves thoughtful consideration. It helps to organize the wires, optimizing space in the process. It acts as a wire covering that gives protection from moisture, temperature changes abrasions and if outside, the elements. It also helps to prevent the wires’ currents from coming into contact with other conductors.
The market study is being classified by Type (Tubular, Braided, Corrugated, Spiral and Others), by Application (Automotive Industry, Electronic Industry, Military Applications, Aerospace Industry and Others) and major geographies with country level break-up.
NICHIFU Co., Ltd. (Japan), Olympic Wire & Cable Corp. (United States), HellermannTyton (United Kingdom), Alpha Wire (United States), SES-STERLING Group (France), TE Connectivity Ltd (Switzerland), Panduit Corp. (United States), Fischer Connectors (Switzerland), Legrand (France) and Thomas & Betts (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Cable Sleeves market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cable Sleeves market by Type, Application and Region.
On the basis of geography, the market of Cable Sleeves 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Most Efficient Way to Organize and Protect Cables
- Increased Demand for High-Temperature Industrial Applications
Market Trend
- Technological Advancements in the Cable Sleeves
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growing Demand from Automobile Industry
- Increasing Applications in the Various Industries
Challenges
- Heavy Taxation Policies and Stringent Regulations
Market Leaders and some development strategies
Recently, HellermannTyton, one of the world's leading providers of system solutions in the field of professional cable management products, has completed the acquisition of RELICON brand.
Key Target Audience
Cable Sleeves Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user