Cable
tie is a form of fastener for holding items together mainly electrical cables
or wires. It is also known as wire tie, rat belt, steggel tie zap strap, mouse
belt, hose tie, and counting zip tie. The common cable tie usually made-up of
nylon has stretchy tape section with teeth that connect with pawl in the head
to form a ratchet. It can be used to binding the object with the strong firm
base. The cable tie can also be used for to tie ends of the any object or
cable.
According
to study, “Global Cable Tie Market Size
study, by Type (Release Cable Tie, Non-Release Cable Tie, Beaded Cable Tie,
Push mount Cable Tie, Mounting Hole Cable Tie, Identification Cable Tie, Heat
Stabilized Cable Tie, Others), by Application (Automobile, Consumer Goods,
Construction, Agriculture, Others) and Regional Forecasts 2018-2025” some of the major companies
that are currently working in the global cable tie market are Advanced Cable
Ties Inc., Novoflex Marketing Pvt. Ltd., Band-It-Idex Inc., Rs Components, Panduit
Corporation, Partex Marking Systems, ACT Fastening Solutions Bay State Cable
Ties, Thomas & Betts Corp., ABB Ltd., Cable Tie Express, Power Product,
Acme Seals Group of Companies, Sapiselco, Bontley Electric, CODA Resources, All
States Inc., Avery Dennison, Hellermanntyton Ltd., 3M Corp., Surelock. Due to
the increasing need for product identification, cable tie producers are
focusing on introducing innovative or pioneering solutions in the market.
Based
on the product, the cable tie market is segmented into push mount cable tie,
release cable tie & non-release cable tie, mounting hole cable tie, heat
stabilized cable tie, beaded cable tie, identification cable tie and others.
Based on raw material market is defined as polypropylene cable tie, metallic
cable tie, nylon 6-6 cable tie, tefzel cable tie and others cable tie raw
material (ectfe or halar, PVC, polyethylene, peek & acetal). Based on the
channels, the market can be split into distributor and direct sales. In
addition, based on the application, market is breakdown into automobile
application, construction application, consumer goods, electronic & electrical
and agriculture application and others.
The
global cable tie market is mainly driven by ease of availability & wide
range of products (owing to simple manufacturing process), rising demand of
durable & light weight materials, low cost compared to metal & alloy
products and growing demand from electronics. Apart from advantages, few of the
restraining factors are volatility in raw material prices and environmental concern
related plastic products. In addition, some of the major opportunities are
limited entry barrier for new entrants and emerging markets like China, India
& Thailand. Moreover, some of the new trends of cable tie market include
augmenting demand for efficient cable ties, innovative bio-polymer cable ties
and RFID enabled cable ties.
The
Asia-Pacific region holds the maximum share in terms of value of the market,
globally. North American & European region is also probable to reveal
higher growth rate or CAGR over the anticipated period 2018-2025. In the near
future, it is estimated that the global cable tie market to grow at a higher
CAGR owing to the increased demand from developing economics.
For more information on the research report, refer to
below link:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
