This Plastic Cable Gland Market report provides an In-depth analysis of the competitive landscape of Plastic Cable Gland Market Technologies, Trend, Applications, Verticals, and Strategies. In addition, this report presents in-depth knowledge on the growth rate, market share, and value of the global market.
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The global plastic cable gland market is estimated to be worth USD XX million in 2018 and is expected to increase at a CAGR of XX% between 2018 and 2027. The key trend driving the market is the incorporation of lightweight materials into the design, helping cable glands become more compact, flexible, and durable. The research report contains the market size, overall growth rate, and significant global plastic cable gland market trends. In addition, the global plastic cable gland market is segmented into five verticals with substantial applications.
The market of plastic cable glands
The market of plastic cable glands has been a growing and dynamic segment in the recent past. The products are used primarily in industrial and commercial areas to protect the movement. The demand for these products is growing across the global market with the increasing adoption of ICT and SNS applications. In the materials used for manufacturing plastics, a mixture of two or more ingredients may be used. The composition of these mixtures, in turn, determines their properties, performance, and commercial value. The cable gland is made of a plastic material designed to ease installation and usage.
The global plastic cable gland market is expected to grow from USD 4.15 billion in 2018 to USD 5.19 billion by 2027, at a CAGR of 2.71%. Market sizes for Plastic Cable Gland Solutions vary from USD 21.4 Billion in 2027 to USD 48.2 Billion in 2037, at a CAGR of 8% from 2017 to 2022. As a result, the world plastic cable glands market size is estimated at USD 6.4 Billion in 2027, growing at a CAGR of 9.5% between 2017 and 2027. Asia-Pacific dominated the global market, accounting for over 45% market share in 2017. North America was the second-largest region with a 27% share of the market in 2017, followed by Europe, which accounted for 21%.
The global cable glands market will reach $20.0 Bn by 2027. The report gives a thorough analysis of the present scenario and market prospects. The current market size of the global plastic cable gland is around USD 8.22 billion in 2017 and is expected to reach USD 12.26 billion by 2027, with a compound annual growth rate (CAGR) of 7.5% from 2018 to 2027.
Competition and SWOT analysis
The global plastic cable gland market catering to the demand of the telecommunication industry is expected to reach US$4,700 million by 2027. The report includes a detailed market classification by product type, application, and region. The global plastic cable gland market had total revenue of $1.54 billion in 2017 and is expected to reach $2.27 billion by 2027, at an estimated CAGR of 5%. In addition, this report covers the major players, strategies, challenges they face, and growth opportunities traced till 2027.
In recent years, the market for plastic cable glands has been progressive. According to the global trends forecast, the capacity of cable glands has also been increasing and is expected to double by 2027. Therefore, the plastics cable gland market is expected to witness the opening of new opportunities in 2018, with a high hike in demand for intelligent cable glands. The growth rate will be driven by the rising demand for wireless technologies and IoT applications. In addition, the increasing adoption of products with futuristic designs is also on the rise as there is a vast consumer preference for cosmetic products.
Product applications of plastic cable gland market technologies are divided among the following segments. The plastic cable gland market is expected to reach a value of USD 1.2 billion by 2027, with a yo-y growth rate of 11.4% in the next decade. The market for plastic cable glands is driven by the need for industry-wide safety standards, increasing demand from emerging and established regional markets, and technological advancements in the sector.
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The global Plastic Cable Gland market 2027.
The global plastic cable gland market will reach $5.05 billion by 2027. The data communication sector is expected to grow at the highest CAGR due to increased demand for an increasing range of wireless technologies. The market has been witnessing a steady growth over the past few years owing to technological advancements in information technology and urbanization.
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