About Plastic Cable Ties
The plastic cable ties market is expected to grow in the future due to growth in the electronics industry and retail sector. The emerging economies such as China, India, and Japan belong to the respective industrial growth including automotive & construction, agricultural and electronic & electrical which will boost the plastic cable ties market.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Competition among existing players is due to the stiff market share occupied by leading players. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Plastic Cable Ties 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.
3M (United States) , HellermannTyton (Germany), Acme Seals Group of Companies (Malaysia), SapiSelco (Italy), Avery Dennison (United States) , Thomas & Betts (United States) , RS Components (United Kingdom), Legrand (France), Novoflex (India) and Partex Marking Systems (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Illinois Tool Works Inc. (United States) and Panduit Corp. (United States) .
Segmentation Overview
AMA Research has segmented the market of Global Plastic Cable Ties market by Type (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), Application (Electronic Communications , Electrical Product , Automobile Industry and Others) and Region.
On the basis of geography, the market of Plastic Cable Ties 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 Distribution Channel, the sub-segment i.e. Online will boost the Plastic Cable Ties market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. 100 mm will boost the Plastic Cable Ties market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Standards, the sub-segment i.e. PA66 Cable Ties will boost the Plastic Cable Ties market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Rising Demand from the Food & Beverage Industry and Growing Usages of Plastic Cable Ties in Retail Sector
Challenges:
Environmental concerns Related to the Disposal of Plastic Products and High Competition among Competitors
Restraints:
Availability of Substitutes and Fluctuation in the Price of Raw Material
Opportunities:
The Upsurge in Demand from the Developing Economies and Increase in Production and Demand Electronics and Automobiles across the Country
Market Leaders and their expansionary development strategies
In October 2023, Eldon, a leading manufacturer of cable ties and other fastening products, announced the acquisition of T&S Tooling, a UK-based manufacturer of cable tie installation tools. The acquisition will expand Eldon's product portfolio and strengthen its presence in the European market.
In September 2023, Panduit, a global leader in electrical and networking infrastructure solutions, announced the acquisition of Syscom International, a provider of cable management and identification products. The acquisition will expand Panduit's offerings in the data center and industrial markets.
Key Target Audience
Plastic Cable Ties Manufacturers, Plastic Cable Ties Suppliers/ Distributors, Raw Material Suppliers, Potential Investors, Research and Development Firm and End-User Industry
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.