Global Mechanical Control Cable Market Size 2024, Forecast To 2033
6 Mar, 2024
The mechanical control cable market size has grown strongly in recent years. It will grow from $9.85 billion in 2023 to $10.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to renewable energy sector utilization, automated systems in manufacturing, heavy equipment applications, medical device integration, industrial machinery requirement. The mechanical control cable market size is expected to see strong growth in the next few years. It will grow to $13.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. Major trends in the forecast period include demand for high-performance applications, customization and versatility, enhanced durability and longevity, shift to lightweight materials, integration of advanced coatings.
Global Mechanical Control Cable Market Key Driver
An increase in air passenger traffic is expected to propel the growth of the mechanical control cable market going forward. Air traffic refers to a person responsible for directing the movements of aircraft. Air passenger traffic is prompting aircraft companies to arrange more domestic and international flights, resulting in increased aircraft manufacturing, which spikes the usage of mechanical control cables in landing gears and aircraft flight control systems. For instance, in 2022, according to the International Air Transport Association (IATA), a Canada-based trade association, total passenger traffic rose by 64.4% compared to 2021. In December 2022 alone, the traffic was increased by 39.7% compared to December 2021. Therefore, increased air passenger traffic drives the mechanical control cable market. The market size of the mechanical control cable market in 2023 was [insert 2023 market size], and it is projected to reach [insert 2024 market size] by 2024 and [insert 2028 market size] by 2028.
Get A Free Sample Of The Global Mechanical Control Cable Market ReportGlobal Mechanical Control Cable Market Segments
The mechanical control cable market covered in this report is segmented –
1) By Type: Pull-Pull Mechanical Cables, Push Pull Mechanical Cables
2) By Material: Wire Material, Jacket Material
3) By Platform: Aerial, Land, Marine
4) By Application: Engine Control, Auxiliary Control, Landing Gears, Brake Control, Other Applications
5) By End Use: Commercial, Defense, Non-Aero Military
By Geography:The regions covered in the mechanical control cable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the mechanical control cable market in 2023. The regions covered in the mechanical control cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Mechanical Control Cable Industry Players
Triumph Group Inc., Elliott Manufacturing Company, Orscheln Products LLC, Glassmaster Controls Company Inc., Loos & Co. Inc., Bergen Cable Technology, Küster Holding GmbH, Wescon Controls Inc., Tyler Madison Inc., Sila Group S.p.A., Cablecraft Motion Controls Inc., Drallim Industries Limited, Grand Rapids Controls LLC, AeroControlex Corporation, Silco Cables, Cable Manufacturing & Assembly Inc., Escadean Ltd., Ringspann GmbH, Lexco Cable Mfg., VPS Control Systems Inc., Federal Electronics Inc., Electro-Prep Inc., ACCO Engineered Systems Inc., B&B Manufacturing Company, Berardi Cable Controls Inc., Cable-Tec Inc., Cleveland Cable Company, Dynamic Controls Inc., Electromecanica de Precisão Lda., Furukawa Electric Co. Ltd., Hi-Tech Cable Assemblies Inc.
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Mechanical Control Cable Market Overview
A mechanical control cable refers to a cable or wire that transfers power from one component of the machine to another. These control cables are utilized to transmit multi-directional precision mechanical motion control.
Mechanical Control Cable Global Market Report 2023 provides data on the global mechanical control cable market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The mechanical control cable market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.