Cable Clamps Market by Application and Geography - Forecast and Analysis 2020-2024

The global cable clamps market size has the potential to grow by USD 6.49 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and application (residential, industrial, and commercial). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 3M Co., ABB Ltd., Amphenol Corp., AVT Industrial Components BV, Emerson Electric Co., HellermannTyton GmbH, îd-Technik GmbH, Panduit Corp., Schneider Electric SE, and TE Connectivity Ltd.

Market Overview

Market Competitive Analysis

The market is fragmented, and the degree of fragmentation will remain the same during the forecast period. Panduit Corp., Schneider Electric SE, and TE Connectivity Ltd. are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities, the volatility in the cost of raw materials will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this cable clamps market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this cable clamps market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading cable clamps companies, including:

• 3M Co.
• ABB Ltd.
• Amphenol Corp.
• AVT Industrial Components BV
• Emerson Electric Co.
• HellermannTyton GmbH
• îd-Technik GmbH
• Panduit Corp.
• Schneider Electric SE
• TE Connectivity Ltd.

Cable Clamps Market: Segmentation by Region

APAC was the largest cable clamps market in 2019, and the region will continue to offer the maximum growth opportunities to market vendors during the forecast period. The rise in digitalization, industrialization, and urbanization will significantly influence the growth of cable clamps market size in the region.

Over 46% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for cable clamps in APAC. Market growth in this region will be faster than the growth of the market in other geographies.

Cable Clamps Market: Segmentation by Application

Cable clamps are widely used in various residential applications to bundle and protect wires and cables. The growing urbanization is driving the demand for new residential units, especially in the urban areas of APAC, MEA, and South America. Moreover, changes in the population density, majorly because of the migration from rural to urban areas, are anticipated to attract investments in new residential units. This will subsequently drive the demand for cable clamps in residential applications.

Moreover, market growth in this segment will be faster than the growth of the market in commercial and industrial applications. This report provides an accurate prediction of the contribution of all the segments to the growth of the cable clamps market size.

Cable Clamps Market: Key Drivers and Trends

The growth of the global real estate and construction industry has increased the number of office spaces, commercial complexes, and residential buildings. Rapid urbanization and significant investments in infrastructure development are driving the growth of the construction industry in developing countries. Moreover, the growth of the global population is increasing the demand for residencies and associated infrastructure. This will lead to an increase in the use of cables and wires in residencies and commercial and industrial facilities to supply and distribute power and to facilitate networks and communications. Such factors will influence the growth of the global cable clamps market during the forecast period.

• The emergence of new telecommunication technologies, such as 5G, supports the adoption of edge computing technology.
• 5G cellular network technology is characterized by a low latency rate, high capacity, fast speeds, and high bandwidth communication, which solves most of the connectivity issues related to the internet connectivity of technology-based devices.
• The emergence of 5G networks will lead to an influx of data from sensors, smart devices, and IoT devices. Therefore, network updates will require efficient and high-performance communication devices.
• The increase in network traffic also influences the need for high-speed and high-bandwidth networks.
• There is a growing investment to upgrade communication network infrastructure and facilitate a seamless transition from 3G and 4G to 5G.
• The expansion of telecommunication networks, one of the critical cable clamps market trends, will have a significant impact on the growth of this global market.
• During 2020-2024, the market will grow at a CAGR of almost 7%.

Cable Clamps Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the cable clamps market growth during the next five years
• Precise estimation of the global cable clamps market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cable clamps industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cable clamps vendors