The Cable Tags Market – Growth, Trends, and Forecasts (2020 – 2025), offers an in-depth evaluation of each crucial aspect of the Global Cable Tags industry that relates to market size, share, revenue, demand, sales volume, and development in the market. The report analyzes the Cable Tags market over the values, historical pricing structure, and volume trends that make it easy to predict growth momentum and precisely estimate forthcoming opportunities in the Cable Tags Market. The report explores the current outlook in global and key regions (North America, Europe, Asia-Pacific, and Latin America) from the perspective of players, countries (U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc.), product types, and end industries.
The cable tag market was valued at USD 1.45 billion in 2019 and is expected to reach a value of USD 1.99 billion by 2025, at a CAGR of 5.77 %, over the forecast period (2020 – 2025).
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Global Major Players in Cable Tags Market are:
TE Connectivity Ltd, Brady Corporation, ZipTape Label ID Systems, Novoflex Marketing Ltd, Panduit Corporation, 3M Company, Vizinex RFID Inc., HellermannTyton Group PLC (AptivPLC), Industrial Labelling Solution, Marking Services Inc., Nelco, and Other.
Key Market Trends:
Manufacturing Occupies Major Share in the Cable Tag End-user Industry
– Manufacturers across various industries must identify parts, cartons, pallets, and shipments. This requires labeling, coding, and marking on a wide range of products and packaging systems, without sacrificing line speed.
– Cable tags are able to withstand high temperature and harsh weather condition so that the printing on the tag does not fade away, which is necessary for the manufacturing sector. Cable tag companies are now finding innovative ways to resolve this problem.
– Furthermore, continuous self-adhesive label stocks are ideal for warehouse and pipe marking. Self-adhesive labels are being used for asset labeling, removable asset tracking, temporary tracking labels, warehouse labeling, pipe marking, wire and cable identification, and secure identification of component parts and circuit boards.
Asia-Pacific is Expected to Witness Highest Growth Rate
– China is one of the major players in the global cable tags market, mainly due to a high rate of investment in industrial automation and also due to growing local manufacturing production. The need to track the exact wire connection in an automation system is boosting the demand for cable tags.
– According to the National Bureau of statistics, China’s industrial output grew by 6.1% in 2018. The growth is expected to sustain as a result of the increase in retail sales of industrial products by about 10.4%. These factors are also acting as a significant driver for automation in the country.
– The Indian manufacturing sector is one of the highest growth sectors, registering a 7.9% year-on-year growth. The Make in India initiative plans to make India equally attractive for domestic and foreign players, and give global recognition to the Indian economy. By the end of 2020, the Indian manufacturing sector is expected to touch USD 1 trillion.
– Japan is becoming an automated industrial economy, and the advancement in Industrial version 4.0 is taking up at a faster pace in the country. The country has emerged as the manufacturing hub for the factory automation products, supplying them to another regional market in the Asia-Pacific region.
– The Olympic games that are to be held in Japan in 2020 has accelerated the pace of public and private sector investment in construction projects. Even the government efforts to revitalize the economy by focusing on infrastructure development are expected to provide momentum to the construction industry’s growth. As the adoption of cable tags are vital in infrastructure, this is expected to impact the market for cable tags.
Influence of the Cable Tags Market report:
–Comprehensive assessment of all opportunities and risks in the Cable Tags Market.
–Cable Tags Market recent innovations and major events.
–A detailed study of business strategies for the growth of the Cable Tags Market market-leading players.
–Conclusive study about the growth plot of Cable Tags Market for forthcoming years.
–In-depth understanding of Cable Tags Market, market-particular drivers, constraints, and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the Cable Tags Market.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Cable Tags Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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