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Metal Cord Grips Market by Material Type (Brass, Stainless Steel, Aluminium, Others), by Size (Upto 1 inch, 1-2 inch, 3 inch), by Shape (45 degree elbow, 90 degree elbow, Straight), by Cord Holding Type (Bushing, Screw down clamp), by End Use (General Manufacturing, Construction, Oil & Gas, Energy & Power, Transportation, Cleanroom Environments, Utilities, Others), by Distribution Channel (Direct, Indirect), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Metal Cord Grips Market market was valued at USD 1.68 Billion in 2024 and is projected to reach USD 2.40 Billion by 2033, with an expected CAGR of 5.2% during the forecast period. A large portion of the ongoing growth in infrastructure projects-including power grids, transportation systems, and telecommunications networks-is in need of electrical components, including metal cord grips. Further, the increasing interest in industrial safety and worker protection has increased the use of robust and reliable cable management solutions that can avoid electrical hazards to a great extent. Increased operational efficiency, improved ergonomics, and reduced installation time of metal cord grips are some factors contributing to increased usage across different industries.
The Metal Cord Grips Market is moderately concentrated, with the top five players accounting for around 35% of the market share. Key players include Alpha Wire, Amphenol Industrial, Anamet Electrical, Cooper Crouse-Hinds (Eaton), and Eaton. The market is characterized by innovation and competition, with companies investing in R&D to develop advanced products and meet customer demands.
Regulations play a crucial role in shaping the market, as they ensure product safety and compliance. Substitute products, such as cable ties and wire connectors, offer alternatives to metal cord grips, while end-user industries, such as general manufacturing, construction, and oil & gas, drive demand. Merger and acquisition activity has been moderate, with companies seeking to expand their product portfolios and geographical reach.
The Metal Cord Grips Market is influenced by several emerging trends:
North America is expected to maintain its dominance in the Metal Cord Grips Market, driven by robust infrastructure development and stringent electrical safety regulations. China is projected to witness the fastest growth in the Asia Pacific region, fueled by rapid industrialization and increasing urbanization.
The brass material type segment is anticipated to hold the largest market share, owing to its superior conductivity and corrosion resistance. The 1-2 inch size segment is projected to grow at a significant rate due to its wide applicability in various industrial applications.
The Metal Cord Grips Market report provides comprehensive insights into the market, including:
The Metal Cord Grips Market is analyzed in terms of market size, market share, and growth rate. Factors influencing the market growth, such as increasing demand for electrical safety and regulatory compliance, are examined. Market constraints and challenges are also discussed, along with potential opportunities for market expansion.
The Metal Cord Grips Market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA. Each region's market size, growth rate, and key drivers are analyzed. Regional market shares and competitive landscapes are also provided.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.2% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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