DUBLIN--(BUSINESS WIRE)--The "Global Control Cable Market - Industry Trends, Opportunities and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
Global control cable market is estimated to reach US$19.502 billion by 2023, increasing from US$13.120 billion in 2018, growing at a CAGR of 8.25% over the forecast period.
Growing automotive industry and rising infrastructure spending will drive the demand for the control cables worldwide. Moreover, companies are investing to explore new applications of control cable which will further augment the demand of control cables during the forecast period.
The market for control cable is majorly driven by rapidly expanding various end-user sectors, like automotive, rail & transportation and building & construction, owing to fast-paced industrialization and urbanization. Moreover, increasing applications of control cables are further contributing to the market growth significantly. The government spending on infrastructure development, especially in developing countries, and continuous product innovation is expected to create ample opportunities for the vendors of these cables over the projected period.
Geographically, Asia Pacific is expected to drive the demand for control cables on account of demand originating from expanding various end-use sectors and presence of several control cable manufacturers. Moreover, ongoing technological improvement in the region is expected to have a significant impact on the market growth.
Competitive intelligence and company profiles sections analyze key major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Belden Inc., Texcan, General Cable Technologies Corporation, Prysmian Group, NEXANS, and Multi/Cable Corporation among others.
- Belden Inc
- General Cable Technologies Corporation
- Prysmian Group
- Multi/Cable Corporation
For more information about this report visit https://www.researchandmarkets.com/research/f6t27c/global_control?w=4