Cable Ties with Fixing Elements Market

Market Overview

The Global Cable Ties with Fixing Elements Market Size is projected to grow at CAGR of approximately 6.7% during the forecast period.

The Cable Tie is a fastener for holding electrical cables or wires together. The common Type has a flexible tape section with teeth that engage with a pawl in the head to form a ratchet so that as the free end of the tape section is pulled, the cable tie tightens and does not come undone. The Type with Fixing Elements includes a tab that can be depressed to release the ratchet so that the tie can be loosened or removed and possibly reused.

Stainless steel versions, either naked or coated with rugged plastic, cater to exterior applications and hazardous environments. In contrast, the non-metal versions, such as Polyamide and Polyacetal, are designed for more common applications.

The market for cable ties with fastening components is expanding steadily and is anticipated to do so in the next years. The increasing demand for cable management solutions in various sectors, the growing usage of automation, and the requirement for lightweight and durable materials drive the market.

Market Dynamics

Market Drivers

• Growing Infrastructure Development

The global expansion of infrastructure development drives the need for cable ties with fixing components. Cable ties are frequently utilized when organizing and securing cables and wires during building projects. As the construction sector grows, the demand for cable ties with fastening elements will likely rise.

• Growing Demand for Renewable Energy

The increased demand for renewable energy also drives the demand for cable ties with fastening elements. Cable ties are frequently utilized to bind and arrange cables and wires in renewable energy projects like wind and solar power. This is anticipated to fuel the demand for cable ties with fastening components and present considerable growth prospects for suppliers.

Market Restraints

• Increasing Competition

Many players are working in the market, which is very competitive. Because of this, there is now fierce competition among the players, which has led to price wars and decreased profit margins.

• Availability of Counterfeit Products

A significant problem for producers is the existence of counterfeit goods on the market. These counterfeit products are priced lower than the real products and might impair the sales of the actual products, resulting in a loss of revenue for the makers.

Market Opportunities

• Growing Automotive Industry

In the upcoming years, the use of cable ties for fixing components is anticipated to increase significantly in the automotive sector. These ties arrange and secure vehicle cables and wires to ensure effective operations. With the increasing use of electric vehicles and new technology in automobiles, the demand for cable ties with fixing elements will likely rise.

Market Scope

Segmental Analysis

Based on Type

For better understanding type is further segmented into Metal, Non-Metal.

Metal cable ties with fastening elements are made from titanium, aluminum, or stainless steel. 

Because of their superior strength, toughness, and corrosion resistance, these cable ties are ideal for challenging sites and applications. Metal cable ties are widely used in aerospace, marine, and automotive sectors, where the ties are subjected to extreme temperatures, vibrations, and corrosive conditions. These ties are also used in heavy machinery and equipment and other places where high strength and durability are required.

Non-metal cable ties are frequently used to bind and arrange cables and wires in the construction, electrical, and telecommunications sectors. These ties are also employed in areas like aerospace and automotive, where the tie's weight is important.

Based on Application

The segment can be bifurcated by Application into Energy, Transportation, Aerospace & Defence, Electrical & Electronics, and Others.

The energy sector includes cable ties with fastening elements in power plants, wind turbines, solar panels, and other renewable energy sources. In these systems, these fasteners are utilized to secure cables and wires, reducing damage or potential safety hazards.
In transportation, cable ties with fixing elements are used in automobiles, trucks, trains, and airplanes. These fasteners secure cables and cabling for many systems, including safety, entertainment, and lighting features.

The aerospace and defense industry uses cable ties with fixing elements to secure wires and cables in airplanes and spacecraft. These fasteners withstand abrasive conditions, intense vibration, and shock.

Cable ties with fastening components are used in various applications in the electrical and electronics industry, including computer cables, home appliances, and telecommunications. These systems use fasteners to arrange and secure cables and wires.

Regional Analysis

The Global Cable Ties with Fixing Elements Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Depending on the region, the market is analyzed in North America, Asia-Pacific, Europe, and LAMEA. North America dominates the market.

Due to the expansion of the construction and automotive sectors in the region, the North American industry is anticipated to account for a sizeable portion of the market. The market in this area is anticipated to be dominated by the United States.

The market for cable ties with fastening components is expected to increase significantly in Europe due to the presence of well-established enterprises and the expansion of the automotive sector in the area. It is projected that Germany, France, and the UK will be the major markets for cable ties with fastening elements in Europe.

Due to the expansion of the construction and automotive sectors in the region, the Asia-Pacific region is anticipated to experience the market for cable ties with fixing elements to develop at the highest rate. The key markets for cable ties with fastening components in this region are anticipated to be China, Japan, and India.

Key Players

1. ABB
2. Aptiv (HellermannTyton)
3. Essentra Components
4. Legrand
5. Panduit
6. Phoenix Contact
7. RS Components
8. Schneider Electric
9. Sicame (Mecatraction)
10. SK KOHKI

Recent Developments

In March 2023, ABB Formula E highlights energy efficiency in Brazil's motorsports-crazy nation.

In December 2022, For the Indian market, Schneider Electric released the AltivarTM Soft Starter ATS480.