+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Mechanical Control Cables - Global Strategic Business Report

  • PDF Icon

    Report

  • 453 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303238

Global Mechanical Control Cables Market to Reach $14.8 Billion by 2030

The global market for Mechanical Control Cables estimated at US$9.8 Billion in the year 2022, is projected to reach a revised size of US$14.8 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030. Push-Pull, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$11.5 Billion by the end of the analysis period. Growth in the Pull-Pull segment is estimated at 3.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 7.8% CAGR

The Mechanical Control Cables market in the U.S. is estimated at US$3.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.

Select Competitors (Total 78 Featured)

  • Aero Controlex Group
  • Bergen Cable Technology
  • Cablecraft Motion Controls LLC
  • Crane Aerospace & Electronics
  • Drallim Industries Limited
  • Elliott Manufacturing
  • Escadean Ltd.
  • Excel Controlinkage Pvt. Ltd.
  • Grand Rapids Controls Co., LLC
  • Küster Holding GmbH
  • Lexco Cable Mfg.
  • Loos & Co. Inc.
  • Orscheln Products LLC
  • Ringspann GmbH
  • Sila Group
  • Triumph Group
  • Tyler Madison, Inc.
  • VPS Control Systems, Inc.
  • Wescon Controls

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Mechanical Control Cables Market

What is the estimated value of the Mechanical Control Cables Market?

The Mechanical Control Cables Market was estimated to be valued at $9.8 Billion in 2022.

What is the growth rate of the Mechanical Control Cables Market?

The growth rate of the Mechanical Control Cables Market is 5.3%, with an estimated value of $14.8 Billion by 2030.

What is the forecasted size of the Mechanical Control Cables Market?

The Mechanical Control Cables Market is estimated to be worth $14.8 Billion by 2030.

Who are the key companies in the Mechanical Control Cables Market?

Key companies in the Mechanical Control Cables Market include Aero Controlex Group, Bergen Cable Technology, Cablecraft Motion Controls LLC, Crane Aerospace & Electronics, Drallim Industries Limited, Elliott Manufacturing, Escadean Ltd., Excel Controlinkage Pvt. Ltd., Grand Rapids Controls Co., LLC and Küster Holding GmbH.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Mechanical Control Cables: An Introduction
  • Global Economic Update
  • World Shifts to an Endemic COVID-19 Strategy with Focus on Multilateral Approach to Managing Future Pandemics
  • War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond
  • Inflationary Pressures and Impact on Global Economy
  • Russia-Ukraine War Impact
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Pandemic Dents Prospects in the Aviation Industry
  • Global Airlines Performance by Region: 2020 Vs 2019
  • YoY % Change in Revenue Passenger Kilometers (RPK): 2014-2020
  • Staged Recovery over Long-Term to Boost Prospects
  • Competition
  • Mechanical Control Cables - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • A Slowly Recovering Commercial Aviation Industry Amid Continuing Challenges Brightens the Outlook for Aircraft Supply Chain OEMs for 2023
  • Notable Improvement in Performance across Regions
  • Break-Even on the Horizon in 2023
  • Despite a Fairly Encouraging Outlook, Risk Factors Simmer in the Background
  • Number of Scheduled Passengers Boarded by Airlines Worldwide industry (In Million) for Years 2018 Through 2023
  • Rising Aircraft Orders & Delivery Augur Well for Mechanical Control Cables
  • Global Commercial Aircraft New Deliveries by Aircraft Type (2022-2041)
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
  • Global Aircraft Deliveries by Region: 2021-2040
  • Spurt in Air Passenger Traffic and Need for Modern Aircraft Presents Growth Opportunities
  • Passenger Traffic as Share of 2019 by Country for 2021-2025
  • Push-Pull Control Systems for Modern Aircraft & Other Applications
  • Opportunities Improve as the World Steps Up Military Spending Military Land Vehicles and Vessels
  • Global Military Expenditure in US$ Billion (2016-2021)
  • Military Aircraft Supply Chain to Benefit from the Unfortunate State of Global Geo-Political Affairs: Military Spending by Top Countries in 2022 (In US$ Billion)
  • A Strong Aircraft MRO Market to Ensure Steady Demand Flow
  • Robust Spending on MRO Opens a Parallel Opportunity for Maintaining a Strong MRO Inventory Comprising of Spare/Replacement Parts & Components: Global Aircraft Maintenance, Repair and Overhaul (MRO) Market (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Rise in Demand for Premium Economy Seats Augurs Well for Mechanical Control Cables Market
  • Growth in Aircraft Landing Gears Led by Rise in Passenger Numbers
  • Asia-Pacific Offers Strong Growth Prospects Led by Increasing Investments in Aviation Sector
  • Motion Control Cables Take Reliability & Safety to New Levels in Marine Industry
  • Implications of Technology & Innovation on Cable Controls
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Mechanical Control Cables Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Mechanical Control Cables by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Mechanical Control Cables by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Mechanical Control Cables by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Push-Pull by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Push-Pull by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Push-Pull by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Pull-Pull by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Pull-Pull by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Pull-Pull by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Aerial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Aerial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Aerial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Land by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Land by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for Land by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Marine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Marine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Non-Aero Military by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Non-Aero Military by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 28: World 16-Year Perspective for Non-Aero Military by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Mechanical Control Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • CHINA
  • Mechanical Control Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Mechanical Control Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Mechanical Control Cables Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Aero Controlex Group
  • Bergen Cable Technology
  • Cablecraft Motion Controls LLC
  • Crane Aerospace & Electronics
  • Drallim Industries Limited
  • Elliott Manufacturing
  • Escadean Ltd.
  • Excel Controlinkage Pvt. Ltd.
  • Grand Rapids Controls Co., LLC
  • Küster Holding GmbH
  • Lexco Cable Mfg.
  • Loos & Co. Inc.
  • Orscheln Products LLC
  • Ringspann GmbH
  • Sila Group
  • Triumph Group
  • Tyler Madison, Inc.
  • VPS Control Systems, Inc.
  • Wescon Controls