Stainless steel cable tie, also known as zap strap, zip tie, steggel tie, hose tie, and wire tie, is used majorly for holding electric wires and cables together. Cable ties have prolonged service life, superior chemical & whether resistance, non-flammability, high strength, and easy ball-locking design. Moreover, they are non-toxic and cost-effective. Owing to these features, stainless steel cable ties are used in undersea, underground, outdoor, and all indoor applications. These ties are majorly applicable across telecommunications & power cabling, paper & pulp production, food & agriculture processing, petroleum distribution & refining, mining, oil & gas exploration, and marine operations. They are coated with halogen-free, non-toxic polyester coatings, and are available in variety of colors. They are suggested for applications in which severe environmental conditions and higher degree of resistance to corrosion are required.
Rise in demand for stainless steel cable ties in the automobile industry and development of the mining & marine industry are the major factors that drive the growth of the global stainless steel cable ties market. However, fluctuations in stainless steel prices is the key factor that restrains the growth of the market.
The global stainless steel cable ties market is segmented into type, surface finish, stainless steel grade, end-use industry, and region. Depending on type, the stainless steel cable ties market is classified into roller ball, ladder, and releasable. The roller ball segment witnessed increased popularity, owing to the presence of internal locking ball within the head of the tie, which is useful in locking mechanism for cinching. On the basis of surface finishing, the market is bifurcated into coated and uncoated. Coated stainless steel cable ties are widely used, owing to their high corrosion resistance. As per stainless steel grade, the market is classified into 304, 316, 201, and others. According to end-use industry, it is fragmented into electrical & electronics, transportation, oil & gas, marine, chemicals, mining, automotive, and others. Stainless steel cable ties are widely used in electrical & electronics industries for adhering wires & cables together. In the transportation sector, they are used for fixing and fastening applications.
Region wise, the global stainless steel cable ties market is situated across North America, Europe, Asia-Pacific, and LAMEA. Europe is the major shareholder in the global stainless steel cable ties market, owing to availability of advanced technology and presence of key cable tie manufacturers in the region.
The major players operating in the global stainless steel cable ties market are Panduit, BAND-N-GO Inc., Thomas & Betts, NORMA Group – Aftermarket, Heyco, HellermannTyton, Cablecraft, Partex Marking Systems, Essentra Plc., and Tridon.
KEY BENEFITS FOR STAKEHOLDERS
- The report outlines the current market trends and future scenario of the stainless steel cable ties market size to understand the prevailing opportunities and potential investment pockets.
- Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries in the regions have been mapped according to their individual revenue contribution.
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
- The stainless steel cable ties market analysis covers in-depth information of major industry participants.
Stainless Steel Cable Ties Market Report Highlights
| Aspects | Details |
 By Type |
|
 By SURFACE FINISH |
|
 By STAINLESS STEEL GRADE |
|
 By END-USE INDUSTRY |
|
 By Region |
|
 Key Market Players | Thomas & Betts, HellermannTyton, Partex Marking Systems, Panduit, Cablecraft, BAND-N-GO Inc., NORMA Group – Aftermarket, Tridon, Heyco, Essentra Plc. |
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