Global Cable Tie Guns Market Overview:
Cable Tie Guns are used as a fastener to hold items together, mostly wires and electric cables. These guns are used to apply a cable tie with a specific degree of tension which may cut off the extra trail which can otherwise cause some injury. These guns have a tightness adjustment grip making it easy for the user to change the gun to the size of the zip tie. This quick adjustment helps to keep customers' jobs running smoothly. These tie guns are extremely easy to use and ensure that the finished project is neat and looks organized According to AMA, the Global Cable Tie Guns market is expected to see growth rate of 3.05% and may see market size of USD217.2 Million by 2024.
- Ease to Use in Home and Business
- Increasing Use in Various Applications for Safe and Secure Routing of Wire Harnesses and Cables
- Increasing Use in Metal Housing
- Growing Use in End-User Industries
In Cable Tie Gun Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisition, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Some of the key players profiled in the report are Panduit (United States), Greenlee Textron (United States), Thomas & Betts (United States), Apex Tool Group (United States), Klein Tools (United States), Avery Dennison (United States), HellermannTyton (Singapore), TE Connectivity (Switzerland), Electriduct, Inc. (United States), 8milelake (United States), Eastwood (United States), Gardner Bender (United States) and Performance Tool (United States). The Vendors having a strong hold in the market are Panduit and HellermannTyton. Additionally, following companies can also be profiled that are part of our coverage like Nelco Cable Tie Products (United States) and KT Cable Accessories Pty Ltd (Australia). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Cable Tie Guns market by 2024. Considering Market by Material Type, the sub-segment i.e. Plastic will boost the Cable Tie Guns market.
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cable Tie Guns market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cable Tie Guns market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.