REPORT OVERVIEW
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The global single end cords market size is USD 271 million in 2022. As per our research, the market is expected to reach USD 349 million in 2028, exhibiting a CAGR of 4.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with single end cords industry experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Single end cords are cables or cords with one end that has a particular connector or termination. In other words, these cords have a clear start and finish, with one end intended to plug into a certain port or device. As opposed to double-ended cords or cables, which have identical connectors on both ends, this is the case. They are frequently used in a wide range of electronic devices and applications, including USB cables, audio cables, and power cords for appliances.
They are created to offer a simple, standardized method of connecting devices without the use of adapters or extra connectors. Single end power cords are used by a large number of home appliances, including computers, televisions, and kitchen appliances. The cord has two ends: one plugs into the appliance, the other into a power outlet. Audio signals are transferred between devices by means of single-ended audio cables. Examples are patch wires for connecting instruments to audio equipment or headphone cables.
COVID-19 Impact: Industry Shutdown Causes Market Distortion
Pandemic caused problems for chemicals and advanced materials, including unstable markets, a drop in customer confidence, and difficulties with import and export commerce. A part of the global supply chain is the sourcing of raw materials, packaging, and distribution. Lockdowns have made it harder to transport goods, chemicals, and other items. Along with having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it had a financial impact on the material markets. Chemical manufacturers are putting their attention towards handling this urgent issue on protecting their employees, operations, and supply networks. Due to how the pandemic changed the dynamics of the industry, businesses were forced to redesign every aspect of their internal operations in order to retain stability.
LATEST TRENDS
"Wireless Technology to Boost the Market Growth "
The impact of wireless technology on the market has been significant and transformative. New methods of device connection made possible by wireless technology have changed both the requirement for and the appearance of these cords. It has caused a reduction in the dependence on certain of these cables. For instance, wireless syncing and file sharing lessen the need for data transfer wires, while wireless headphones and speakers do away with the requirement for audio cables. The focus in the single end cords is switched to applications where wired connections are still preferred or required as wireless options proliferate. This comprises power cables, cables for quick charging, and connectors specific to particular devices. Thus, a key trend that is opening up potential for the industry to grow is the wireless technology. These new developments are mostly to blame for the market's overall growth.
SEGMENTATION
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- By Types
Based on type, the market is classified into polyamide (pa66) cord, polyester cord & other.
- By Application
Based on the market is categorized into automotive tire, automotive horse and belts & others.
DRIVING FACTORS
"Device Proliferation to Give the Market Extra Boost"
Device proliferation plays a significant role in shaping the demand and trends within the market. The requirement for various types of cables for charging, data transfer, and connectivity is directly impacted by the constant growth in the number and variety of electronic gadgets. A vast variety of electronic devices, including smartphones, tablets, laptops, e-readers, gaming consoles, smartwatches, and more, are now available on the market. Often, distinct cords or connections are needed for each type of device in order to charge and transfer data. Customers frequently require multiple charging options because they own multiple gadgets. Due to the need to support a variety of devices, single end cords with diverse connectors (USB-C, Lightning, micro-USB, etc.) are in high demand. As a result, the growth, and the growth in increasing device proliferation will boost the industry. It will contribute to the expansion of the chemicals & advanced materials industry and it will improve the single end cords market growth.
"Technological Advancement to Encourage Market Expansion"
Rapid technological advancements have significantly impacted the single end cords, driving innovation, improving functionality, and meeting the ever-evolving demands of consumers and industries. Higher data transmission rate cords have been created thanks to technological improvements. This is crucial for applications like streaming video, data-intensive workloads, and external hard drives. Advanced fast charging cords with USB Power Delivery and Qualcomm Quick Charge are already widely available. These cords make it possible for devices to charge more quickly and effectively. One USB-C chord may be used to charge a variety of devices, from laptops to smartphones, thanks to Power Delivery (PD) technology, which can manage higher power levels. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.
RESTRAINING FACTOR
"Connection Fragmentation to Impede Market Expansion"
Fragmentation of connections is the limiting issue in the market. Although there is a lot of standardization, such USB-C, the industry is still fragmented since different products use different proprietary connectors. This may make consumers confused and necessitate the use of numerous wires. This factor is impeding market expansion. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.
REGIONAL INSIGHTS
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"North America to Dominate Owing to the Increased Demand in Automotive Sector"
The market for single end cords is in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the single end cords market share is the growing demand of product in the automotive tire, automotive horse and belts is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.
KEY INDUSTRY PLAYERS
"Leading Manufacturers to Boost Product Demand"
Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.
List of Market Players Profiled
- Litzler (U.S.)
- Benninger (Switzerland)
- SKS Textile (Asia Pacific)
- Glanzstoff (Europe)
REPORT COVERAGE
The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost single end cords market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 271 Million in 2022 |
Market Size Value By |
US$ 349 Million by 2028 |
Growth Rate |
CAGR of 4.3% from 2022 to 2028 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global single end cords market expected to touch by 2028?
Based on our research, the global single end cords industry is projected to touch USD 349 million by 2028.
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What CAGR is the global single end cords market expected to exhibit by 2028?
The global single end cords market is expected to exhibit a CAGR of 4.3% by 2028.
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Which are the driving factors of the single end cords market?
Device proliferation that gives the single end cords market extra boost & technological advancement to encourage market expansion.
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What is the restraining factor of the single end cords market?
Connection fragmentation to impede single end cords market expansion.