Cable Extruders Market Size, Share, Growth, And Industry Analysis, By Type (Single Layer, Double Layer, Triple Layer, Multi-Layer), By Application (Automotive & Transportation, Building & Construction, Mining, Power Transmission & Distribution, Telecommunications, Others), Regional Forecast (2022-2028)

Updated On: 08 April 2024

Report Overview

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The global cable extruders market size expanded rapidly in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with the cable extruders market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2028, a robust CAGR during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Cable and wire extrusion is the technique of transforming raw plastic ingredients together into continuous profile that is resistant to outside contamination and physical wear. Several procedures exist depending on the various substances needed by the market. Extruders are employed to make long continuous goods including tube, tire treads, or wire covers. They are also employed to develop different profiles that can be reduced to length later.

COVID-19 Impact: Disruption in Supply Chain to Deplete Market Growth

The pandemic of COVID-19 had a detrimental effect on the market. The prolonged COVID-19 problem had a significant impact on the world economy.  The eruption of COVID-19 has done act as a substantial restraint on some market in 2020, as businesses have been disrupted due to global government lockdowns. COVID-19 is a contagious disease that causes flu-like symptoms such as fever, coughing, and difficulty breathing. National governments' efforts to limit transfer have led to a decrease in business growth and confined trade in goods and services, with nations entering a 'lock down' state. Cable extruders market suffered as a result of the outbreak in 2020 and 2021. Many markets were been affected from this because the main focus was on the respiratory issues. The cable extruders market growth is expected to rebound from the shock over the forecast period.

Latest Trends

"Vast Distribution Network to Intensify Market Magnification"

The related technology may now be used at far higher power and transmission levels in areas where paper cables were previously used, thanks to the use of higher transmission capacity extruded cables. Owing to the huge reduction in degassing burden an enhanced scorch performance, due to increased stable production effectiveness in terms of a shorter a cable manufacturing phase. This allows for longer transmission distances as well as deeper integration of distant renewable energy generation. Utilities will benefit from more efficient energy consumption, which will lead to more sustainability. Increasing the amount of renewable energy available for delivery to the grid will aid in driving energy change. Today, industry participants in the cable extrusion market with a global presence dominate the industry with their vast distribution network and innovative product range, which is a significant driving reason for the global cable extruders market growth.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into single layer, double layer, triple layer, multi-layer

Single layer is the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into automotive & transportation, building & construction, mining, power transmission & distribution, telecommunications, others

Automotive & transportation is the leading part of the application segment

Driving Factors

"Demand for Cable Insulation to Boost Market Share "

The demand for cable insulation/jacketing has been identified as the key driver of growth in the cable extruders market share. With plastic being the favored insulation material, end product producers utilize extrusion of the same. Extrusion lines or single cable machines offer the most up-to-date process for manufacturing cables for automotive, power generation, industrial, and commercial applications.

"Infrastructure Businesses to Expand Market Forwarding "

As the number of wavelengths has expanded, the utilization of cables and wires has increased considerably in developing countries. Infrastructure businesses have emerged to be key economic drivers in recent years.

Increasing power distribution and supply networks, in addition to telecommunication network circles, are driving the increased use of cables in residential, civic infrastructure, commercial enterprises, and industrial facilities. Demand for brand-new cable installation and upgrade work is predicted to employ increased cable manufacturing, increasing the demand for cable extruders.

Restraining Factors

"High Setup Cost to Deplete Market Advancement"

However, the cost of setting up the cable extruders machines is indeed very significant and needs constant maintenance, so an increment in cable extruders machines setup cost raises the cost of production. This, in turn, raises the cost of the end user. As a result, the cable extruders market growth is stifled.

Regional Insights

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"Cable Manufacturing Activity to Foster Market Growth in Europe"

The cable manufacturing industry is not an exception to Europe's position as a technological and innovation leader. The region is attempting to increase its cable manufacturing activity by establishing additional manufacturing facilities. Germany has the biggest requirement for polymer cable manufacturing. Suppliers have greater bases in Germany and France. In addition, as a result of automotive innovations, there has been an increase in the manufacture of automotive cables in Europe in recent years. The immediate access to materials from the domestic market, together with the existence of material producers and major market players in Germany, has resulted in an increase in the quantity of excluded machines in that country.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• IKG Corporation (Thailand)
• Axon Cable (U.S.)
• Toho International Inc (Japan)
• Mitsuba Mfg. Co. Ltd. (Japan)
• Bühler Group (Switzerland)
• Hitachi Cable America (U.S.)
• AMI International (U.S.)
• Troester GmbH & Co. KG (Germany)
• Kurre Spezialmaschinenbau GmbH (Germany)
• MSS Cable Machinery GmbH (Germany)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.