Overview and Scope
Cable tags refer to small labels or markers used to identify and label cables, wires, or cords in various settings such as in electrical systems, data centers, networking and audiovisual installations.
Sizing and Forecast
The cable tags market size has grown strongly in recent years. It will grow from $1.44 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to industry standards and regulations, increasing infrastructure development, rising awareness of safety measures, focus on asset management, cost-efficiency.
The cable tags market size is expected to see steady growth in the next few years. It will grow to $1.85 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to global expansion of telecommunication networks, rising demand for renewable energy, increasing industrial automation, sustainability initiatives, smart cities development. Major trends in the forecast period include continued technological innovation, technological advancements, demand for data centers, advancements in identification technologies, stringent regulations and standards, customization and durability.
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The cable tags market covered in this report is segmented –
1) By Tag Type: Self-Laminating Tags, Heat Shrinkable Tags, Wrap-Around Tags, Flag Tags, Other Tags
2) By Material Type: Plastic, Metal, Other Materials
3) By Distribution Channel: Direct Sales, Distributors
4) By End-User Industry: Telecommunications, Energy and Power, Construction, Automotive, Manufacturing, Other End Users
North America was the largest region in the cable tags market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cable tags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The expanding telecommunications industry is expected to propel the growth of the cable tags market going forward. The telecommunications industry is a sector of the economy that encompasses the development, deployment and management of technologies, networks and services used for the transmission, reception and exchange of voice, data and multimedia content over long distances. Cable tags play a crucial role in maintaining and expanding the intricate cable networks, ensuring accurate installations, efficient maintenance and compliance with regulations. The growth in telecommunications sector leads to a greater demand for cable tags for network scalability, security and reliability. For instance, in July 2023, according to the Organization for Economic Co-operation and Development, a France-based intergovernmental organization, over the past three years, fixed broadband subscriptions in OECD countries have increased from 433 million in December 2019 to 481.6 million in December 2022, marking a growth of 11.2%. Therefore, the expanding telecommunications industry is driving the growth of the cable tags market.
Key Industry Players
Major companies operating in the cable tags market report are 3M Company, ABB Group, Tyco International Ltd., TE Connectivity Ltd., W.W Grainger, Avery Dennison Corporation, Legrand SA, Phoenix Contact, Brady Corporation, Panduit Corporation, HellermannTyton Group, TydenBrooks, Advanced Cable Ties Inc., Dymo Corporation, Nelco Limited, Seton Identification Products, Marking Services Inc., Cable Comm LLC, ZipTape Label ID Systems, Cable Label Co. Ltd., Murrplastik Systems Inc., Silver Fox Limited, CableOrganizer.com Inc., CILS International Limited, Jetting Systems Ltd., Industrial Labelling Solution, Vizinex RFID, Cable Markers Co. Inc., Partex Marking Systems India Private Limited
The cable tags market report table of contents includes:
1. Executive Summary
2. Cable Tags Market Characteristics
3. Cable Tags Market Trends And Strategies
4. Cable Tags Market – Macro Economic Scenario
5. Global Cable Tags Market Size and Growth
…..
32. Global Cable Tags Market Competitive Benchmarking
33. Global Cable Tags Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cable Tags Market
35. Cable Tags Market Future Outlook and Potential Analysis
36. Appendix
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