Global cable tie market is anticipated to grow at a CAGR of 8.0% during the forecast period (2024–2031). A cable tie is a fastener made of a thin, flexible nylon strap with a notched surface, which is threaded through a locking mechanism at one end. The cable tie market is driven by rapid industrialization and urbanization in emerging economies, increased infrastructure projects, and the expanding e-commerce sector. The rising applications of cable ties in various sectors including electronics, building & construction, automotive, and others are also driving the market growth. However, the availability of various alternatives to the cable ties such as Velcro straps, conveyor belt hooks, surgeon’s knots, and constrictor knots, are anticipated to restrain the industry growth during the forecast period.
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Recent Developments
- In September 2023, Thorne & Derrick a UK-based BAND-IT distributor, secured a project specification and purchase order from a stainless-steel cable ties company. The project involves the supply of 12700 stainless steel cable ties for providing permanent management of LV power cables for a new battery plant.
- In September 2023, Ascend performance materials launched Vydyne® PA66, these metal- detectable cable tie compounds are pre-colored and are used for cable ties and fasteners. These will prove to be helpful in pharmaceutical and food processing facilities as these are capable of decreasing the risk of contamination and health concerns that are caused due to contact with foreign objects.
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Market Coverage
- The market number available for 2023-2031
- Base year: 2023
- Forecast period: 2024-2031
- Segment Covered-
o By Material Type
o By Product Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: 3M Co., ABB Ltd., and Panduit Corp. among others
Key questions addressed by the report
- What is the market’s growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cable Tie Market Report Segment
By Material Type
- Nylon
- Metal
- Other (Fluoropolymer)
By Product Type
- Releasable
- Non-Releasable
- Beaded
- Push Mount
- Mounting Holes
- Heat Stabilized
- Others (Reusable and UV Resistant)
By Application
- Electronic and Electrical
- Automobiles
- Consumer goods
- Construction
- Others (Agriculture)
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