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Cable Glands - Global Market Trajectory & Analytics

  • ID: 5141019
  • Report
  • April 2021
  • Region: Global
  • 295 Pages
  • Global Industry Analysts, Inc
Global Cable Glands Market to Reach $2.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Cable Glands estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$2.7 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Brass, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$1.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Stainless Steel segment is readjusted to a revised 4.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $522.6 Million, While China is Forecast to Grow at 7.7% CAGR

The Cable Glands market in the U.S. is estimated at US$522.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$553.9 Million by the year 2027 trailing a CAGR of 7.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Plastic/Nylon Segment to Record 5.5% CAGR

In the global Plastic/Nylon segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$305.7 Million in the year 2020 will reach a projected size of US$431.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$360.2 Million by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • 3M Company
  • ABB Ltd.
  • Addtech AB
  • Amphenol Corporation
  • Amphenol Industrial Products Group
  • Axis Communications AB
  • BARTEC Top Holding GmbH
  • Beisit Electric Tech (Hangzhou) Co., Ltd.
  • Bimed Teknik Aletler Sanayi Ve Ticaret A.S.
  • Caledonian Cables Limited
  • CCG Cable Terminations Pty Ltd.
  • CMP Products Ltd.
  • Cortem Group
  • Dowells Group of Companies
  • Eaton's Crouse-Hinds Business
  • El Sewedy Electric
  • ElSewedy Electric
  • Emerson Industrial Automation
  • Ensto Group
  • Flucon Components Private Limited
  • Geissel GmbH
  • Gerich GmbH
  • Hubbell, Inc.
  • HUGRO-Armaturen GmbH
  • Jacob GmbH
  • Lapp Holding AG
  • Legrand
  • Mencom Corporation
  • Metal Craft Industries
  • Pflitsch GmbH & Co. KG
  • Phoenix Contact GmbH & Co. KG
  • Polycab India Limited
  • Prysmian Group
  • R. STAHL Aktiengesellschaft
  • S. J. Metal Industries
  • Schlemmer Holding GmbH
  • Sealcon LLC
  • TE Connectivity Corporation
  • The Ultran Group
  • Warom Technology Inc.
  • Weidmuller Interface GmbH & Co. KG
  • WISKA Hoppmann GmbH
Frequently Asked Questions about the Global Market for Cable Glands

What is the estimated value of the Global Market for Cable Glands?

The Global Market for Cable Glands was estimated to be valued at $1.9 Billion in 2020.

What is the growth rate of the Global Market for Cable Glands?

The growth rate of the Global Market for Cable Glands is 5.1%, with an estimated value of $2.7 Billion by 2027.

What is the forecasted size of the Global Market for Cable Glands?

The Global Market for Cable Glands is estimated to be worth $2.7 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession


  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown