The global nylon cable ties market was valued at a US$ 911 Mn in 2017 and is expected to reach a US$ 1,128 Mn by the end of 2024, growing at a growth rate of 3.10% between 2017 and 2024.
Global Nylon Cable Ties Market: Drivers and Restraints
Nylon cable ties find application in various industries and also in our daily life because of their reasonable price and ease of use. They provide maximum strength and adjustability and have rounded edges and a bent-tip design that make installation easy, especially for binding several electronic cables or wires together and organizing them. Frequently used in electronics and electrical applications for secure and safe routing of cables and wire harnesses, these injection molded cable ties feature one-piece construction to produce a strong and highly reliable wrap. Once applied, the permanent locking feature of nylon cable ties assures a tight and secure hold. Such advantages of nylon cable ties are anticipated to attract a whole lot of demand in the market.
However, there are some factors arresting the growth of the global nylon cable ties market. For instance, government policies limiting the use of plastics and volatility of crude oil prices are foretold to impede the market growth. Nonetheless, economic developments and increasing industrialization in developing countries due to the rise in FDI could create favorable conditions for growth in the global nylon cable ties market.
Global Nylon Cable Ties Market: Key Takeaways
The report studies the global nylon cable ties market on the basis of value and volume and by players, regions, product types, and end-use industries. It takes into account the history data of the global nylon cable ties market for the period 2013-2017 and the forecast data from 2019 to 2024. It also studies the competitive landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, and distributors. Moreover, it provides the Porter’s Five Forces Analysis of the global nylon cable ties market.
Global Nylon Cable Ties Market: Forecast by Application and Type
Nylon cable ties have a wide range of applications. They can be used in electrical, automobile, electronic communications, and other industries. The largest application of nylon cable ties that accounted for about 40% of the total consumption in 2017 are electrical products. The application of nylon cable ties in electrical products is growing at a fast clip too.
By type, the global nylon cable ties market is classified into PA6 cable ties, PA66 cable ties, and others. Each segment is comprehensively evaluated in the report to help players take informed decisions when looking to up their sales in the market.
Global Nylon Cable Ties Market: Forecast by Region
Mainland China, the U.S., Europe, and Taiwan account for a substantial part of the global sales of nylon cable ties. Most manufacturers are concentrated in these regions and countries. In 2016, Europe, the U.S., and China collected a 12.18%, 14.64%, and 43.12% share of the global sales.
Global Nylon Cable Ties Market: Key Players
According to QYR’s analysts, the concentration of the nylon cable ties industry is relatively low. Top ten companies were estimated to account for a 37% share of the total production volume in 2017.
Major manufacturers of nylon cable ties are Hua Wei, HellermannTyton, Thomas & Betts, Panduit, Avery Dennison, Advanced Cable Ties, Cobra, Cabac, SapiSelco, Ever-Ties Cable Tie System, Novoflex, Davico Industrial, Surelock Plastics, KSS, Bay State Cable Ties, Partex, YY Cable Accessories, Changhong Plastics Group, XINLONG, Longhua Daily, HONT ELECTRICAL, FVC, Yueqing Xinguang, Yueqing Yu Tai Plastic, Yueqing Huada Plastic, Yongda Plastic, Yueqing Zhengde, HuoJu Plastic, Fengfan ElectricalIgoto Electric, YUEQING ZUANSU, Cnkbo, Ningbo Hongneng, and Phoenix Technology Group.
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