Parent Market Analysis
The global cable assembly market is classified by Technavio as part of the global electrical components and equipment industry. Factors such as increased adoption of automation in industrial processes increased focus on energy-efficient electrical components and equipment, and increased acceptance of sensors across different end-user segments will drive expansion in the global electrical components and equipment market. External factors influencing the parent market growth potential in the following years have been extensively examined in our research analysis and will define the levels of growth of the cable assembly market during the projected period.
Technavio uses the total revenue generated by manufacturers to estimate the global cable assembly market size. External factors influencing the parent market's growth potential in the coming years have been thoroughly investigated in our research analysis, to know more about the levels of growth of the cable assembly market throughout the forecast period, Download a free sample,
Cable Assembly Market Value Chain Analysis
To maximize profit margins and evaluate business plans, an end-to-end understanding of cable assembly is required. The report will help vendors drive costs and enhance customer services during the forecast period.
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Aftermarket and service
- Industry innovations
To unlock information about vendor drive costs and customer service, download our free sample report.
Vendor Insights
The cable assembly market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the best of the opportunity, the market vendors should focus more on the fast-growing segment's growth prospect while maintaining their positions in the slow-growing segments.
We provide a detailed analysis of vendors operating in the cable assembly market, including some of the vendors such as 3M Co., Amphenol Corp., BizLink Holding Inc., Cable Manufacturing and Assembly Co. Inc., Corning Inc., Minnesota Wire, and Cable Co., Molex LLC, RF Industries Ltd., Smiths Group Plc, TE Connectivity Ltd.
Backed with competitive intelligence and benchmarking, our research reports on the cable assembly market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Product Insights and News
- Amphenol Corp. - Offers Amphenol Charger Cable Solutions that provide highly flexible customized connection solutions from standard USB2.0 to the device side with Pogo pins or Spring.
- BizLink Holding Inc. - Offers BizLink automotive cable assemblies and wire harnesses that provide you custom solutions, reliable products, and seamless integration in the motor vehicle industry.
- Cable Manufacturing and Assembly Co. Inc. - Offers cable assembly solutions for the Transportation, Aerospace, Recreational Products, and Medical industries.
The cable assembly market forecast report offers in-depth insights into key vendor profiles and offerings – Download Free Sample Report
Geographical Highlights
The cable assembly market share growth in APAC will be significant during the forecast period. China, the US, Japan, India, and Germany are the key markets for cable assembly market in APAC.
Countries like China, Japan, South Korea, and India will fuel this region's market expansion. Cable assemblies are mostly purchased by original equipment manufacturers (OEMs) from industries such as automotive, consumer electronics, telecommunications, and manufacturing. During the projection period, these purchasers will increase demand for cable assemblies in this region. Cable assemblies are used in the automotive industry for audio, cruise, braking, engine, battery, and clutch control systems. China is one of the region's most important markets for automobile manufacture and consumption.
Furthermore, China, the US, Japan, India, and Germany is APAC's top producer of cable assembly, owing to the increasing demand for EVs.
To unlock the top strategies practiced by the maximum growth generating region, View Sample Report
Key Market Dynamics-
- Cable Assembly Key Market Drivers:
- Increasing demand for EVs
Due to technological advancements that have lowered the cost of batteries and improved the efficiency of EVs, EV sales have exploded in the last ten years, notably in nations like the United States, Germany, China, the United Kingdom, and the Netherlands. EV sales will increase during the predicted period due to the deployment of low prices and the availability of subsidies.
- Cable Assembly Key Market Trends:
The demand for data centers is increasing globally, owing to the exponential development of data traffic from businesses and individuals. Several firms have been forced to create their data centers or consolidate data centers to serve their clients as a result of the vast data generated. Furthermore, the growing popularity of cloud computing is pushing up demand for data centers. Several companies are investing in and constructing new data centers.
Download a free sample for highlights on market Drivers & Trends affecting the cable assembly market.
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Cable Assembly Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.61% |
Market growth 2021-2025 |
$ 67.87 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.29 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 56% |
Key consumer countries |
China, the US, Japan, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Co., Amphenol Corp., Aptiv Plc, BizLink Holding Inc., Cable Manufacturing and Assembly Co. Inc., Carrio Cabling Corp., Copartner Tech Corp., Corning Inc., Fischer Connectors SA, IDEAL INDUSTRIES INC., Minnesota Wire and Cable Co., Molex LLC, Nexans SA, NKT AS, Prysmian Spa, RF Industries Ltd., Samtec Inc., Smiths Group Plc, TE Connectivity Ltd., and W. L. Gore and Associates Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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