DUBAI, UAE. 9th September
2019: Cable Ties Market is expected to
display higher growth rate over the upcoming years. Rapid surge in the market
is credited to the rising demand from food & beverages industry, and retail
sector. Development of metal detectable cable ties is expected to drive the
growth of the market over the forecast period. Globally, cable ties market is
predicted to generate massive revenue over the forecast period, providing
numerous opportunities for industry participants to invest in research and
development of cable ties.
Growing adoption of metal as well as nylon cable ties from
pharmaceutical sector is anticipated to boost the demand of cable ties over the
forecast period. Different types of cable ties such as counting zip tie, wire
tie, zipper tie, wire wrap, hose tie, rat belt, and mouse belt are gaining
popularity among end-use industries in the past few years. Use of cable ties
for wide range of application ranging from bundling of cables to flameproof
applications is estimated to amplify market value for cable ties in the
upcoming years.
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Cable ties are mostly less expensive, ease of use, and
ubiquitous, thus finding application in various industries. Use of stainless
steel cable ties with coated surface in rugged plastic, for exterior
applications and extreme environmental conditions is predicted to foster the
growth of cable ties market over the forecast period.
The cable ties market is broadly categorized into seven
major segments based on the product type such as releasable cable tie,
non-releasable cable tie, and beaded cable tie, push mount cable tie,
rising-hole cable tie, identification cable tie, and heat stabilized cable tie.
Releasable cable tie segment is growing rapidly in the market with substantial
revenue generation in the last few years.
The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in implementation of latest technologies in
manufacturing sector, surge in number of research & development activities
and existence of well-established industrial infrastructure in the region. In
European region, Germany, France, and United Kingdom are projected to witness
slower growth due to the volatility in cost of raw material and rising concerns
related to environmental hazards.
The key players in the cable ties market are The 3M Co.,
Advanced Cable Ties, Inc., Bay State Cable Ties LLC, YueQing Bontley Electric
Co., Ltd., Acme Seals Group, Avery Dennison Corp., Brand IT-IDEX Inc.,
Helllarmanntyton Ltd., Novoflex Marketing Pvt., Ltd., Panduit Corp., Partex
Marking Systems Ltd., RS Components Ltd., SapiSelco s.r.l., Surelock Plastics
Pvt., Ltd., and Thomas & Betts Corp.
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Key regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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