A cable tie (also known as a wire tie, hose tie, steggel tie, zap strap or zip tie, and by the brand names Ty-Rap and Panduit strap) is a type of fastener, for holding items together, primarily electrical cables or wires. Because of their low cost and ease of use, cable ties are ubiquitous, finding use in a wide range of other applications. Stainless steel versions, either naked or coated with a rugged plastic, cater for exterior applications and hazardous environments.
Sales volume of Stainless Steel Cable Ties has reached 1972.2 Million Pieces in 2017, the market is forecast to reach 2881.1 Million Pieces in 2025. With sustained and stable demand from downstream verticals.
Stainless Steel cable ties find a vast application for collecting and organizing electric wires and cables. With features like high strength, non-flammability, resistance to corrosion, UV rays and temperature extremes, stainless steel cable ties can be used in virtually all indoor, outdoor and underground (including direct burial) and undersea applications. They are especially well suited for the harsh environments of marine operations, oil and gas exploration, mining, petroleum refining and distribution, agriculture and food processing, pulp and paper production and power and telecommunications cabling.
Geographically, the consumption market is leading by North America, China and Europe, sales in Asia Pacific regions like Southeast Asia and India will see significant growth in future period. In terms of year 2017, North America holds the largest market share, with about 75.26 Million USD sales revenue, followed by China, with about 30.49% market share in 2017.
With the advantages of technology, capital and scale, the stainless steel cable tie manufacturers in Europe, America and China occupied most of the market share in the middle and high-end Stainless Steel Cable Tie Products. In Asia other, South America and other countries and regions, the scale of stainless steel cable tie manufactures is generally small, the production process and production technology are traditional, and the efficiency is low, mainly for low-end Stainless Steel Cable Tie products.
Panduit and HellermannTyton are the biggest two players in Stainless Steel Cable Ties market, with about 12.16% and 10.98% market share separately in 2017. Other leading market players in stainless steel cable ties market include Thomas & Betts, NORMA Group, BAND-IT, Yueqing Xinxing Cable Accessories, FENGFAN electrical, Tridon and Lerbs etc. the market competition may become more intense with more innovation products, acquisitions and improvement of raw material cost control and etc.
According to this study, over the next five years the Stainless Steel Cable Ties market will register a 4.5% CAGR in terms of revenue, the global market size will reach USD 240 million by 2024, from USD 180 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Stainless Steel Cable Ties business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Stainless Steel Cable Ties market by product type, application, key manufacturers and key regions and countries.
This study considers the Stainless Steel Cable Ties value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Coated Stainless Steel Cable Ties
Uncoated Stainless Steel Cable Ties
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Electrical Power Industry
Marine & Oil Exploration
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Thomas & Betts
Partex Marking Systems
Yueqing Xinxing Cable Accessories
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Stainless Steel Cable Ties consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Stainless Steel Cable Ties market by identifying its various subsegments.
Focuses on the key global Stainless Steel Cable Ties manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Stainless Steel Cable Ties with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Stainless Steel Cable Ties submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.