Global Heat-Shrink Tubing Market to Reach $3.5 Billion by 2030
The global market for Heat-Shrink Tubing estimated at US$1.8 Billion in the year 2022, is projected to reach a revised size of US$3.5 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2022-2030. Low, one of the segments analyzed in the report, is projected to record 9.9% CAGR and reach US$1.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Medium segment is readjusted to a revised 7.6% CAGR for the next 8-year period.The U.S. Market is Estimated at $493.6 Million, While China is Forecast to Grow at 13.6% CAGR
The Heat-Shrink Tubing market in the U.S. is estimated at US$493.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$845.3 Million by the year 2030 trailing a CAGR of 13.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.Select Competitors (Total 33 Featured) -
- 3M
- ABB
- Alpha Wire
- Changchun Heat Shrinkable Materials
- Dasheng Heat Shrinkable Material
- Guanghai Materials
- GV Kinsman Pty Ltd
- Hellermanntyton
- Insultab
- Qualtek
- Sumitomo Electric
- Sumitomo Electric Industries, Ltd
- TE Connectivity
- Thomas & Betts
- Woer
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3M
- ABB
- Alpha Wire
- Changchun Heat Shrinkable Materials
- Dasheng Heat Shrinkable Material
- Guanghai Materials
- GV Kinsman Pty Ltd
- Hellermanntyton
- Insultab
- Qualtek
- Sumitomo Electric
- Sumitomo Electric Industries, Ltd
- TE Connectivity
- Thomas & Betts
- Woer
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 89 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.8 Billion |
Forecasted Market Value ( USD | $ 3.5 Billion |
Compound Annual Growth Rate | 8.7% |
Regions Covered | Global |