Global Mechanical Control Cables Market Size to Reach USD 16.52 Billion in 2032 | Emergen Research
Increasing manufacturing of defense and military aircrafts is a major factors driving mechanical control cables market revenue growth
Vancouver, Sept. 26, 2023 (GLOBE NEWSWIRE) -- The global mechanical control cables market size was USD 10.30 Billion in 2022 and is expected to register a steady revenue CAGR of 4.9% during the forecast period, according to latest analysis by Emergen Research. Increasing flight travel and air traffic and need for military platforms, rising production of military aircraft and land vehicles and demand for weather-resistant wire materials, such as aluminum and copper, and rapid development of defense-related technologies are key factors driving market revenue growth.
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Mechanical control cables provide a push or pull action to enable mechanical functions. Mechanical cables are attached with connection pins, throttle arm, handles, forks, spring mounts, and eyes, to complete the mechanical control cables. Main advantages of mechanical control cables are accommodation of many electrical gadgets by control cables, non-interference by control wires, excellent corrosion resistance and robust wear resistance, increased longevity, high standard quality guarantee. This results in these cables supporting the automation processes used in many industrial processes, thus reducing the overall production cost of products due to decreased dependency on manpower. Hence, the labor cost is decreased and automation without cable breakage provides smooth functioning of various industrial processes. In addition, increasing partnerships between different companies is another key factor driving revenue growth of the market.
For instance, on 10 May 2022, Flexential, a leading provider of data center colocation, cloud, and connectivity announced its partnership with Angola Cables, a multinational Information and Communications Technology (ICT) solutions and network service provider operator to increase colocation and interconnection options for clients in the Southern and West African markets. The cooperation enabled users to have access to Angola's MONET cable provided via South Atlantic Cable System (SACS), a low-latency, high-capacity network.
Furthermore, aircraft use more wires and connections as a result of the increased usage of technology such as fly-by-wire, contemporary in-flight entertainment systems, and glass cockpits. However, lack of skilled technicians and stringent government regulations regarding certification requirements are key factors, which could restrain market revenue growth.
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*Scope of Research *
*Report Details* *Outcome*
Market Size in 2022 USD 10.30 Billion
CAGR (2023–2032) 4.9%
Revenue Forecast To 2032 USD 16.52 Billion
Base Year For Estimation 2022
Historical Data 2019-2021
Forecast Period 2023–2032
Quantitative Units Revenue in USD Billion and CAGR in % from 2023 to 2032
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered Platform, type, material, application, end- use, and region
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Country Scope U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa
Key Companies Profiled Crane Aerospace & Electronics, Triumph Group, AeroControlex, SILA Group, Tyler Madison, Inc., Bergen Cable Technology, Cablecraft, Wescon Controls, Grand Rapids Controls, LLC., and Elliott Manufacturing
Customization Scope 10 hours of free customization and expert consultation
*Major Companies and Competitive Landscape *
The global mechanical control cables market is fairly fragmented, with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective mechanical control solutions. Some major players included in the global mechanical control cables market report are:
· Crane Aerospace & Electronics
· Triumph Group
· AeroControlex
· SILA Group
· Tyler Madison, Inc.
· Bergen Cable Technology
· Cablecraft
· Wescon Controls
· Grand Rapids Controls, LLC.
· Elliott Manufacturing
*Strategic Development*
· On 7 March 2023, Triumph Group announced that Kopter, a Leonardo Company, had granted a development contract to its Actuation Products & Services division in France. The contract comprises the production of main and tail rotor control cables for the Kopter AW09 using TRIUMPH's industry-leading flexball cable architecture.
· On 18 February 2021, TPC Wire & Cable, an Audax Private Equity portfolio company announced the acquisition of Integrated Cable Systems, Inc., an ISO 9001 certified supplier of specialty cables, harnesses, electro-mechanical assemblies, and industrial panels. Through this acquisition, the company will enhance its portfolio of specialized wire and cable solutions for high-reliability applications.
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*Some Key Highlights From the Report*
· The galvanized steel segment accounted for largest revenue share in the global mechanical control cables market in 2022. This is due to increasing use of cables consisting of galvanized steel, which find applications in industrial and construction machinery, plant engineering, and air conditioning installations. The major advantage of galvanized steel that is it provides low cost-to-benefit, which is rising demand for mechanical cable assemblies for indoor applications such as lifting or counteracting large objects and hanging heavy signage. In addition, these cables are also safe in outdoor applications due to the zinc coating and provides high protection against corrosion.
· The push-pull segment is expected to register steadily fast growth rate in the global mechanical control cables market during the forecast period. This is because push-pull cables offers advantages such as these are highly efficient and dependable at the smallest dimensions and substantial leverage effect productivity with minimum force due to its design,. This also includes the option for separate assembly to form endless types of attachments with various lay directions, structures, and materials using ropes, wires, or strands. The other benefits include longevity of materials used in the manufacturing of cables due to their capability to withstand adverse environmental and weather conditions, outer shell protection to inner wire material, and installation ready products with minimum installation time and minimum maintenance.
· The wire material segment is expected to account for significantly large revenue share in the global mechanical control cables market during the forecast period. This is due to increasing initiatives by different companies to upgrade their existing product portfolios. For instance, on 10 March 2022, Igus announced the approval of UL Appliance Wiring Material (AWM) certification to their halogen-free TPE cables, thus making it the first cable producer to receive such a certification. These cables satisfied fire protection standards.
· The North America market accounted for largest revenue share in the global mechanical control cables market in 2022. This is owing to the opening of different branches and offices and strategic initiatives by different companies especially in the U.S.. For instance, on 4 August 2021, Cable Manufacturing & Assembly, a Torque Capital Group portfolio business, announced that it has relaunched, introducing a new name and visual identity. The name change of this business to Cablecraft Motion Controls is the focal point of this rebranding. Through this merger of two venerable manufacturers of mechanical motion controls, a world leader in the development and production of designed motion controls was created.
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*Emergen Research has segmented the global mechanical control cables market on the basis of platform, type, material, application, end- use, and region:*
· *Platform Outlook (Revenue, USD Billion; 2019-2032)*
· Aerial
· Commercial
· Business and General Aviation
· Military Aviation
· · Land
· Main Battle Tanks
· Armored Fighting Vehicles
· Light Tactical Vehicles
· Marine Resistant Ambush Protected Vehicles
· Amphibious Armored Vehicles
· · Marine
· Aircraft Carriers
· Amphibious Ships
· Destroyers
· Frigates
· Submarines
· Corvettes
· Offshore Patrol Vessels
· *Type Outlook (Revenue, USD Billion; 2019-2032)*
· Push- Pull
· Pull- Pull
· *Material **Outlook (Revenue, USD Billion; 2019-2032)*
· Tungsten
· Stainless steel
· Galvanized steel
· Rubber
· *Application **Outlook (Revenue, USD Billion; 2019-2032)*
· Flight Control
· Engine Control
· Brake Control
· Auxiliary Control
· Landing Gears
· Others
· *End-use Outlook (Revenue, USD Billion; 2019-2032)*
· Commercial
· Defense
· Non-Aero Military
· *Regional Outlook (Revenue, USD Billion; 2019-2032)*
· North America
1. U.S.
2. Canada
3. Mexico
· Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
· Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
· Latin America
1. Brazil
2. Rest of LATAM
· Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa
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