How Has the Mechanical Control Cable Market Evolved Historically and What is its Current Size?
The mechanical control cable market has seen considerable growth due to a variety of factors.
•The market for mechanical control cables has expanded significantly in recent years. Its size is projected to rise from $10.4 billion in 2024 to $11.06 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
The expansion during the historical period can be linked to its use in the renewable energy sector, the incorporation of automated systems in manufacturing, applications in heavy machinery, medical device integration, and the need in industrial machinery.
What is the Forecasted Market Size and CAGR for the Mechanical Control Cable Market?
The mechanical control cable market is expected to maintain its strong growth trajectory in upcoming years.
• It is projected that the mechanical control cable market will experience significant expansion in the coming years, potentially reaching a value of "$14.21 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%.
The surge in this market during the forecast period can be tied to factors such as an increase in demand from the automobile industry, growth in the aerospace and marine industry, rising need for construction equipment, along with automation and robotics' demands. The anticipated major trends for the period include the need for high-performance applications, customization, versatility, enhanced endurance, a shift towards lightweight materials, and the integration of superior coatings.
What Are The Key Drivers Fueling Growth In The Mechanical Control Cable Market?
The mechanical control cable market is predicted to expand, driven by a surge in air passenger traffic. The term air traffic refers to the individual tasked with controlling aircraft movements. The rise in air passenger traffic is necessitating more domestic and international flight scheduling by aircraft companies. This results in a boost in aircraft manufacturing, subsequently leading to an upsurge in the use of mechanical control cables in landing gears and aircraft flight control systems. For example, the International Air Transport Association (IATA), a trade association based in Canada, reported a 64.4% increase in total passenger traffic in 2022 compared to 2021. In December 2022 alone, there was a 39.7% rise in traffic compared to December 2021. Consequently, the mechanical control cable market is being fueled by the increase in air passenger traffic.
What Are The Principal Market Segments In The Global Mechanical Control Cable Industry?
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
Subsegments:
1) By Pull-Pull Mechanical Cables: Standard Pull-Pull Cables, Heavy-Duty Pull-Pull Cables
2) By Push Pull Mechanical Cables: Standard Push Pull Cables, Heavy-Duty Push Pull Cables
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Which Emerging Market Trends Are Altering The Mechanical Control Cable Sector?
One prominent trend emerging in the mechanical control cable market is product innovation. Major operators in this sector are creating unique products to consolidate their market status. For instance, in February 2023, Belden Incorporated, a company that hails from the US and specialises in connectivity, networking, and cable products, launched its Custom Broadcast Enclosures and Panels and NewGen CPR-Rated Access Control Cables. These new access control cables from Belden NewGen CPR-Rated enhance security installations with their simplicity and convenience, reducing labor costs and delivering top-quality signal transmission performance. As a competitively priced alternative that supports security system communication, these cables also feature a high flame rating.
Who Are the Key Players in the Mechanical Control Cable Market?
Major companies operating in the mechanical control cable market include:
• 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.
What are the Regional Insights into the Mechanical Control Cable Market?
North America was the largest region in the mechanical control cable market in 2024. The regions covered in the mechanical control cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
