Orion Market Research (OMR), recently published a market research report on Global Cable Tie Market. According to the OMR analysis, the Global Cable Tie Market is expected to grow impressively with a CAGR of 8.6 % during 2016-2021. Global cable ties market has witnessed a significant growth due to high demand and a wide variety of application ranging from the electrical application to aerospace. The Global Cable Tie Market is segmented on the basis of Product, Application, Raw Material and geography. The report provides detailed and insightful chapters on Market Overview, Key Findings, Strategic Recommendations, Market Estimations, Market Determinants, Sector Analysis, Key Company Analysis, Market Insights, Company Profiling, Market Segmentation, Geographical Analysis, Analyst Insights and predictive analysis of the market.
Full report of Global Cable Tie Market is available at www.omrglobal.com/industry-reports/cable-tie-market/
“The Global Cable Tie Market is triggered by the significant demand created by emerging economies such as India, China, Japan and Korea. Cable ties are easily available with wide range of products due to the simple manufacturing process and require comparatively smaller investments to set-up production units. Additionally, there are limited entry barriers for new entrants, as a result, local manufacturers are prevalent across the globe. The highly fragmented market is competitive, however, it offers ample opportunities for small companies and new entrants. The key players of cable tie market include Advanced Cable Ties (ACT), Panduit Corp, HellerMannTyton and SepiSelco are contributing in generating significant revenues for the cable tie industry. The annual output of these companies in billion units. BASF, DuPont and Solvay are some of the major raw material suppliers in the industry.
Unstable crude prices and environmental concern related to plastic products may hamper the market in future. However, the rising demand for cable ties products such as releasable, non-releasable, mounting hole, push mount, heat stabilized cable ties and so on have created significant scope for the market.
Global Cable Tie Market by region is segmented on the basis of regions which includes North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). North America dominates the Global Cable Tie Market due to the huge adoption of cable ties products in automobiles, electronics, consumer goods, agriculture and construction sectors. Rapid improvement in quality and significant innovation in cable ties will serve wide applications in these sectors. APAC region has created huge scope for Cable Ties Market due to significant growth in construction, automobile, packaging and electronics sectors. Various corporate strategies such as the launch of new products, R&D, partnership, mergers and acquisition are widely adopted by key players of cable tie market.
The report covers:
• Comprehensive research methodology of Cable tie market
• In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global Cable tie market
• Insights about market determinants which are stimulating the global Cable tie market
• Detailed and extensive market segments with regional distribution of forecasted revenues
• Extensive profiles and recent developments of market players