What is Cable for Shipbuilding Market?
Cable for shipbuilding are the cable used for measuring and controlling devices for communication systems, production line, conveyor systems for fixed and variable connection in humid, wet and dry areas. This cable is made of two or more wires running side by side and bonded, twisted, or braided together. It forms a single assembly, the ends of which can be connected to two devices. This enables the transfer of electrical signals from one device to the other.
The market study is being classified, by Application (Civil Ship and Military) and major geographies with country level break-up.
Lapp Group (Germany), LEONI (Germany), SAB Cable (United States), BATT cables (United Kingdom), HELUKABEL (Germany), Polycab Wires (India), KEI Industries (India), RR Kabel (Bangladesh), Rolliflex (India), Wilson Cables (Singapore), iangsu Honest Cable Co., Ltd (China) and Unika (Mexico) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Cable for Shipbuilding market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cable for Shipbuilding market by Type, Application and Region.
On the basis of geography, the market of Cable for Shipbuilding 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
- Growing Number of Passenger Cruises
- Increasing FDI is Increasing the Shipbuilding
Market Trend
- Rising Requirement of Marine Cables Due to Demand of Low Weight and High Efficiency
Opportunities
- Increased Government Investments for Defence
- Rapid Industrialisation and Liberalisation
Challenges
- Stiff Competition Among the Major Players
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others