Support Grip Market Size, Share, Growth, And Industry Analysis, By Type (Single U-shaped Eye and Double U-shaped Eyes and others), By Application (Electrical, Industrial, Construction Sector and Others), Regional Forecast From 2024 to 2031

Updated On: 08 April 2024

Support Grip Market Report Overview

• 
• Request a Free Sample to learn more about this report

The global support grip market size expanded rapidly in 2022, as per our research, the market is expected to generate substantial revenue by 2031, exhibiting a high CAGR during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the support grip market experiencing higher-than-anticipated/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.

Cables, insulated conductors, ropes, and wires can be pulled through enclosures, conduits, or challenging terrain using pulling grips. These grips support overhead and subsurface cable and wire installations and repairs. They can support any kind of cylindrical object with a grip size and load carrying capability that matches. By dispersing the weight of the wires and cables throughout the whole grip, support grips guard against damage. These grips are reusable and ideal for both single cables and bundles of cables. Grasps for Pulling and Support

It takes precise positioning and movement to install or remove cables and other connectors in overhead, underground, or through-conduit applications. This guarantees precise connector installation and offers workers protection in risky situations. Pulling and support grips offer an effective method for carrying out these functions

A strong support grasp is crucial. In essence, this is your stamina or your ability to hang onto things for a long time. We enjoy pushing ourselves to the limit and putting up with all kinds of unusual agony in the beautiful realm of grip. Support grip training must be rigorous and persistent. It also calls for a lot of mental toughness. Based on the use, these devices come in a variety of designs. In fields including power production, electrical wiring, offshore drilling, and building construction and maintenance, their use is widespread. Many materials, including galvanized steel, stainless steel, plastic, and synthetic Kevlar composites, are used to make the grips.

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

The COVID-19 pandemic is anticipated to bring about long-lasting changes in the manufacturing sector. The creation of a resilient supply chain will probably take precedence for manufacturers in order to reduce the likelihood of disruption from future calamities. For the purpose of maintaining their production levels while lowering danger to their personnel, manufacturers may also boost their spending on IT infrastructure and automation technology. This might help companies who make such devices. The crisis has put tremendous strain on global supply systems, which has made it more challenging to source supplies. The COVID-19 dilemma, however, may prevent China from fulfilling this criterion.

Latest Trends

"Installation and Maintenance Activities to Provide Opportunity for the Market"

Comparable in terms of load capacity to single eye grips. These options are used when the cable or wire goes entirely through the grip and an offset position is present. Suitable for creating a continuous loop by connecting two cables or wires. A typical use involves replacing cables by joining an old cable to a new one. It is used to manage telecommunication line installation, such as fiber optic installation. They work well for installation and maintenance in underground or overhanging spaces. It is made to be simple to connect to swivels or shackles.

Support Grip Market Segmentation

• 
• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into single u-shaped eye and double u-shaped eyes and others.

In terms of product, single u-shaped is the largest segment.

• By Application Analysis

Based on application, the market can be divided into electrical, industrial, construction sector and others.

In terms of application, construction is the largest segment.

Driving Factors

"Electrical Sector to Provide Impetus to the Market"

When choosing pulling and support grips, take into account comparing the manufacturer's various product types, forms, and sizes. For settings where there are electrical lines or water, non-metallic grips are perfect. To find out if the connector satisfies the criterion, check its size and load capacity. Determine the pertinent item features and functions needed for safe and efficient operation using specialized apps. To match the grip's capabilities with the required function, refer to the manufacturer's specifications.

"Double Eye Grips to Accelerate Market Growth"

Used for light and medium loads. Double eye grips provide the support of many cables or wires at once while pulled wires or cables travel through the grip. This grip binds to the object through stitching and is useful for light to medium loads. When it is difficult to attach a conventional support grip to the end of a wire or cable, lace ups are used. comparable in terms of load capacity to single eye grips. These options are used when the cable or wire goes entirely through the grip and an offset position is present. suitable for creating a continuous loop by connecting two cables or wires. A typical application is replacing cables by fastening an old cable to a new one.

Restraining Factors

"Possibility of Slipping to Impede Market Expansion"

In some situations where the ropes or belts pass over the wheel without grooves, it is unavoidable that the ropes or belts will slip from the wheel. When the friction between the wheels and cables/ropes occurs, causing wear and tear on them, systems that are installed to be used for a long time require maintenance and regular checking of the ropes/cables. The ropes get weak when the system is used frequently. While employing the technique, the rope could break, damaging the operator, the surrounding area, and the load being hoisted.

Support Grip Market Regional Insights

• 
• Request a Free Sample to learn more about this report

"Asia Pacific to Dominate the Market Due to Rising Need for Light Machinery"

Over the course of the projected period, Asia Pacific is anticipated to maintain its dominance of the global support grip market share. Due to the rising need for light machinery from numerous end-use industries, including mining, construction, and agriculture, the region has been experiencing tremendous expansion in support grip. Due to expanding industrialization in important cities like Shanghai, Beijing, Tianjin, and Wuhan, as well as increased infrastructure development, Asia Pacific is one of the main markets for these items.

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.

List of Market Players Profiled

• Molex (U.S.)
• Hubbell (U.S.)
• Amtec Corporation (U.S.)
• Leviton (U.S.)
• Remke (U.S.)
• Legrand (France)
• Eaton (Ireland)
• Ericson (Sweden)

Report Coverage

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.