Global Tie Gun Market 2017-2021

Overview of the global tie gun market

Market research analysts at Technavio predict that the global tie gun market will grow steadily at a CAGR of more than 3% by 2021. The increasing demand for metal detectable cable ties is identified as one of the primary growth factors for this market. These cable ties are mainly used in industries like food and beverage and pharmaceuticals. The products manufactured in these industries are sealed with metal detectable cable ties to prevent the goods from being contaminated. Metal detectable cable ties are increasingly used by the food and beverage and pharmaceutical industries due to the need to comply with the government regulations such as Hazard Analysis Critical Control Points (HACCP) established by the Food and Drug Administration (FDA) in the US. Metal detectable cable ties also consist of a small amount of metal, which assist in detection by metal detectors and safety scanners. This helps the products to meet the safety standards provided by HACCP. With the rising growth of the food and pharmaceutical industries, the demand for packaging and transporting is also increasing. This in turn, leads to the demand for metal detectable cable ties, subsequently fueling market growth.

The rising demand for hand tools and power tools in the tie gun market is one of the latest trends that will contribute to the growth of this market in the forthcoming years. The global tie gun market is growing due to an increasing demand for hand tools and power tools. This is mainly because the tie guns can be used as hand tools and power tools in industries. It has been observed that during 2016, the utilization of hand tools led to the generation of more than USD 9 billion and the power tools generated a revenue of above USD 25 billion. The growth of the construction industry will drive the need for hand tools and power tools and this will in turn, fuel the growth of the cable tie tool market.

Competitive landscape and key vendors  

The tie gun market is highly competitive due to the presence of a variety of manufacturers who offer a range of products such as plastic housing and metal housing tie guns. The vendors in the cable tie tool market are offering tie guns for all industries, including the automotive, construction, manufacturing, and electronics industries. All the key vendors offer hand tools and power tools, which include both automatic and manual tie guns in their product portfolios. This makes the tie gun market highly competitive.

 The leading vendors in the market are -

• Apex Tool Group (ATG)
• Eastwood
• Greenlee
• Panduit

The other prominent vendors in the market are Avery Dennison, Electriduct, Elenco Electronics, FACOM, Gardner Bender, HellermannTyton, Nelco Products, Thomas & Betts, Yueqing Highsail Electric, and Yueqing Xuankang Electric.

Segmentation by product type and analysis of the tie gun market

• Automatic tie gun
• Manual tie gun
• Pneumatic tie gun

During 2016, the automatic tie gun segment accounted for the major shares of the tie gun market. The electrically powered and fully automatic operation of these tie guns for processing cable ties contributes to the growth of this industry segment in the coming years. The demand for automatic tie guns is also increasing due to its ability to detect the diameter of the bundle and capabilities such as tensioning and cutting.

Geographical segmentation and analysis of the tie gun market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the cable tie tool market throughout the forecast period. The growth of the automotive industry due to the presence of major automobile manufacturers will drive the growth prospects of the tie gun market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global tie gun market?
• What are the key market trends impacting the growth of the global tie gun market?
• What are the challenges to market growth?
• Who are the key vendors in the global tie gun market?
• What are the market opportunities and threats faced by the vendors in the global tie gun market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global tie gun market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming industry research report on the global tie gun market offers insights into the key trends and emerging drivers influencing the growth of the transportation and logistics industry. Our industry reports for the transportation industry also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like packaging. Furthermore, our research practices also help clients develop effective growth strategies and keep pace with the continually changing market landscape.

By considering the market forecast and size and the surging demand for various packaging products and services, the market research professionals at Technavio offer an all-inclusive picture of the global tie gun market for the estimated period of 2017 to 2021. This market study also offers a comprehensive analysis of various packaging products and services based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

This upcoming market research report on the global tie gun market also covers vendors like Apex Tool Group, Electriduct, Elenco, Greenlee Textron, Gardner Bender, Klein Tools, Paladin, Eastwood, Electra-Force, and Fisters. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche market segments, this market report on the global tie gun market also offers an extensive study of various packaging products and services based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

The upcoming industry research report on the global tie gun market also categorizes the key drivers, major trends, as well as the restraints that the packaging products sector currently experiences. This upcoming report on the global tie gun market also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the transportation and logistics industry. Technavio also provides deep-dive market assessments into the sectors such as transportation and distribution, warehouse and storage, and tags and labels.

Our market research methodology for the global tie gun market

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