Cable Ties Market Report 2024

This Cable Ties market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The cable ties market size has grown strongly in recent years. It will grow from $1.43 billion in 2023 to $1.52 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth observed during the historic period can be attributed to several factors, including the expansion of the electrical industry, the development of telecommunications networks, population growth, the booming construction industry, and increased applications in the pharmaceutical processing and food and beverage sectors.

The cable ties market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth during the forecast period can be attributed to several factors, including a rising demand for data centers, an increase in renewable energy projects, greater demand for cable ties for interior wiring and cable management, a growing adoption of cable ties in the automotive and aerospace industries, and the development of sustainable and recyclable cable ties. Key trends expected in this period include innovations aimed at creating cable ties with enhanced strength, durability, and resistance to environmental factors, advances in material science, the emergence of smart cable ties equipped with integrated sensors for temperature and strain monitoring, technological advancements in cable tie design, and the introduction of metal detachable cable ties.

The growth of the construction industry is projected to significantly boost the cable ties market in the coming years. The construction industry encompasses the planning, design, and building of infrastructure, including residential, commercial, and industrial projects. It covers various sectors such as civil engineering, general construction, and specialized construction services. The expansion of this industry is driven by factors such as industrialization, urbanization, housing demands, sustainable practices, infrastructure development, and demographic trends. Cable ties are highly valued in construction for their versatility, user-friendliness, and ability to provide quick and effective solutions to various organizational and support challenges. For example, a report from the Office for National Statistics, a UK-based authority, indicated that total new construction work output increased by 15.8% in 2022, reaching a record-breaking value of $166.23 billion. Thus, the growth of the construction sector is a key driver for the cable ties market.

Leading companies in the cable ties market are concentrating on creating innovative products, such as metal-detectable cable tie compounds, to enhance safety and compliance in sectors such as food processing and pharmaceuticals, where contamination control is crucial. Metal-detectable cable tie compounds are specialized materials designed for manufacturing cable ties that can be easily identified by metal detection or X-ray inspection systems. These compounds are also applicable in areas requiring hazard analysis and critical control point (HACCP) management, which is essential for ensuring food safety. For instance, in September 2023, Ascend Performance Materials LLC, a US-based chemical manufacturer, introduced pre-colored, metal-detectable Vydyne PA66 and metal-detectable cable tie compounds. These Vydyne PA66 compounds are engineered to ensure that even small metal particles are detectable by standard detection equipment, with tests confirming that fragments as small as 1 mm can be reliably identified using X-ray imaging techniques. By eliminating the need for additional tooling or masterbatch processes, these compounds streamline production for cable tie manufacturers, enhancing operational efficiency right out of the box.

In January 2024, Amphenol Corporation, a US-based manufacturer specializing in electronic and fiber optic connectors, cable, and interconnect systems, acquired TPC Wire & Cable Corp for an undisclosed amount. This acquisition is part of Amphenol's strategy to expand its portfolio by integrating TPC's expertise in cable tie manufacturing. TPC Wire & Cable Corp is a US-based company known for producing cable ties.

Major companies operating in the cable ties market are 3M Company, ABB Installation Products Inc., KSS Enterprise Co. Ltd, Avery Dennison Corporation, Legrand S.A., ITW Construction Products Inc., Ascend Performance Materials LLC, RS Components Ltd., HellermannTyton Corporation, Panduit Corporation, Hont Electrical Co. Ltd., BAND-IT Inc., Advanced Cable Ties Inc., Atlas Metal Industries Inc., SapiSelco S.r.l, MEGATRON Elektronik GmbH & Co. KG, Yueqing Huada Plastic Co. Ltd., AFT Fasteners Inc., Novoflex LLC, Partex Marking Systems Ltd., SureLock Technology LLC, Changhong Plastics Group, Ananta Impex Private Ltd., Rujuta Corporation.

North America was the largest region in the cable ties market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cable ties market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cable ties market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cable ties, commonly referred to as zip ties, are versatile fastening devices designed to bundle, secure, or organize cables, wires, and various other objects. They consist of a flexible plastic strap equipped with a ratcheting mechanism and a locking head that holds the strap in place once tightened. Cable ties are extensively utilized in both residential and industrial environments for tasks such as managing electrical wiring, organizing network cables, and securing items for shipping.

The primary types of cable ties include releasable cable ties, non-releasable cable ties, push-mount cable ties, beaded cable ties, rising hole cable ties, identification cable ties, and heat-stabilized cable ties. Push-mount cable ties are characterized by a mounting base with a push-fit design, enabling easy installation onto surfaces without the need for extra hardware. They are made from various raw materials, including metal, nylon, and others. These cable ties find applications across multiple end-user industries, such as electronics and electrical, building and construction, automotive, consumer goods, marine, and more.

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

The cable ties market consists of sales of standard cable ties, heavy-duty cable ties, velcro ties, mounted head cable ties and double loop cable ties. 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).

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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