City of Industry, CA -- (SBWire) -- 06/28/2018 --This report studies the global Nylon Cable Ties industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.
Nylon cable tie is a type of fastener most made of nylon resin for holding items together. They are wide use in industry and daily life because of their reasonable price and ease of use. Nylon cable tie has One-piece injection moulded construction, Provides maximum strength and adjustability and Rounded edges and bent-tip design make installation easy?especially for binding several electronic cables or wires together and to organize cables and wires. 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 the cable ties assures a tight and secure hold.
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The global production of nylon cable ties increased from 116872 MT in 2012 to 142999 MT in 2016, and it expect to grow at a CAGR of 4% from 2016 to 2023. The major manufacturers are concentrated in China Mainland, North America, Europe and Taiwan. In 2016, China nylon cable ties production (China Mainland and Taiwan) share was about 53.44% in 2016. North America production share took 17.09% and Europe production share took 10.67%.
Nylon cable ties have a wide range of applications, which can be used for electrical product, automobile industry and electronic communications and others. The largest end use for nylon cable ties, accounting for about 39.78% of consumption in 2016, is in electrical product segment. The use of nylon cable ties in electrical product is a fast-growing application, and accounted for about 22.40% of nylon cable ties consumption in 2016.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in nylon cable ties market will become more intense. Although sales of nylon cable ties brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not enter into the nylon cable ties field.
The global Nylon Cable Ties market is valued at 890 million USD in 2017 and is expected to reach 1200 million USD by the end of 2025, growing at a CAGR of 3.8% between 2018 and 2025.
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Global Nylon Cable Ties Market Growth Opportunity 2018-2025
The global Nylon Cable Ties market is valued at 890 million USD in 2017 and is expected to reach 1200 million USD by the end of 2025, growing at a CAGR of 3.8% between 2018 and 2025.