Cable Tags Global Market Report 2024

The cable tags market size has grown strongly in recent years. It will grow from $1.44 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth observed during the historic period can be attributed to several factors, including the establishment of industry standards and regulations, increasing infrastructure development, rising awareness of safety measures, a focus on asset management, and the pursuit of cost-efficiency.

The cable tags market size is expected to see steady growth in the next few years. It will grow to $1.85 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The projected growth in the forecast period can be attributed to the global expansion of telecommunication networks, a growing demand for renewable energy, increasing adoption of industrial automation, sustainability initiatives, and the development of smart cities. Major trends anticipated in the forecast period include continued technological innovation and advancements, increased demand for data centers, advancements in identification technologies, adherence to stringent regulations and standards, as well as a focus on customization and durability.

The expanding telecommunications sector is anticipated to drive the growth of the cable tags market in the foreseeable future. Telecommunications encompasses the development, deployment, and management of technologies, networks, and services used for transmitting, receiving, and exchanging voice, data, and multimedia content across long distances. Cable tags play a pivotal role in maintaining and expanding intricate cable networks, ensuring precise installations, efficient maintenance, and compliance with regulations. The growth of the telecommunications industry results in increased demand for cable tags to support network scalability, security, and reliability. For example, the Organization for Economic Co-operation and Development reported in July 2023 that fixed broadband subscriptions in OECD countries surged from 433 million in December 2019 to 481.6 million in December 2022, reflecting an 11.2% growth. Consequently, the burgeoning telecommunications industry is propelling the growth of the cable tags market.

Key players in the cable tags market are innovating with advanced technologies, such as Colorant Chromatics UV Laser Marking technology, to gain a competitive advantage. This technology enables permanent and gentle marking of wire and cable surfaces made of fluorinated ethylene propylene (FEP). For instance, Avient Corporation, a US-based plastics material and resin manufacturing company, introduced Colorant Chromatics UV Laser Marking technology for FEP wire and cable applications in the aerospace industry in June 2022. This technology ensures permanent, low-impact marking on thin wire surfaces while minimizing lump formation during processing. It complies with aerospace industry standards for contrast and is available in specified colors, offering aerospace manufacturers an effective solution for marking FEP cables, maintaining wire integrity, and meeting stringent performance requirements.

In January 2021, Presco, a US-based company specializing in safety marking products and specialty films, acquired William Frick & Company (WFCo) for an undisclosed sum. This acquisition aligns with Presco's goal of becoming a leading provider of safety marking and damage prevention products. The consolidation of resources, services, and products is expected to create numerous opportunities for both companies. William Frick & Company (WFCo) is a US-based manufacturer of cable marking systems for underground and overhead cables and equipment.

Major companies operating in the cable tags market report are 3M Company, ABB Group, Tyco International Ltd., TE Connectivity Ltd., W.W Grainger, Avery Dennison Corporation, Legrand SA, Phoenix Contact, Brady Corporation, Panduit Corporation, HellermannTyton Group, TydenBrooks, Advanced Cable Ties Inc., Dymo Corporation, Nelco Limited, Seton Identification Products, Marking Services Inc., Cable Comm LLC, ZipTape Label ID Systems, Cable Label Co. Ltd., Murrplastik Systems Inc., Silver Fox Limited, CableOrganizer.com Inc., CILS International Limited, Jetting Systems Ltd., Industrial Labelling Solution, Vizinex RFID, Cable Markers Co. Inc., Partex Marking Systems India Private Limited.

North America was the largest region in the cable tags market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cable tags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cable tags market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cable tags market consists of sales of adhesive cable labels, cable tie tags, heat shrink labels, digital cable tags and label printers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Cable tags are small labels or markers utilized to identify and label cables, wires, or cords in various environments, including electrical systems, data centers, and networking and audiovisual installations.

The primary types of cable tags include self-laminating tags, heat-shrinkable tags, wrap-around tags, flag tags, and others. Self-laminating tags feature a clear overlay that can be folded over the printed information, creating a protective, laminated layer. These tags are constructed from materials such as plastic, metal, and others, and are distributed through direct sales and distributor channels, catering to sectors such as telecommunications, energy and power, construction, automotive, manufacturing, and more.

The cable tags market research report is one of a series of new reports that provides cable tags market statistics, including cable tags industry global market size, regional shares, competitors with a cable tags market share, detailed cable tags market segments, market trends and opportunities, and any further data you may need to thrive in the cable tags industry. This cable tags market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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