Global Heat Shrink Tubing Market 2024-2028
The heat shrink tubing market is forecasted to grow by USD 783 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the heat shrink tubing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing use of bio-based heat shrink tubing, growing use of heat-shrink tubes in power-generating industry, and growing role of government in support and expansion of transmission and distribution systems.
Technavio's heat shrink tubing market is segmented as below:
By Type
By End-user
- Utilities
- Automotive
- Food and beverage
- Chemical
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the advantages of polyolefin shrink films as one of the prime reasons driving the heat shrink tubing market growth during the next few years. Also, rising government regulations on emission of toxic gases and growing technological advancement in wire harnessing and production with advanced infrastructure technology will lead to sizable demand in the market.
The report on the heat shrink tubing market covers the following areas:
- Heat shrink tubing market sizing
- Heat shrink tubing market forecast
- Heat shrink tubing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heat shrink tubing market vendors that include 3M Co., ABB Ltd., Alpha Wire Inc., ARTILABO International sprl, GREMCO GmbH, Gremtek SAS, HellermannTyton GmbH, Jiangsu Dasheng Heat Shrinkable Material Co. Ltd., Mattr Corp., Molex LLC, Nexans SA, Panduit Corp., Pexco LLC, Prysmian Spa, Shrink Sleeve Ltd., Sumitomo Electric Industries Ltd., Taiwan Yun Lin Electronic Co. Ltd., TE Connectivity Ltd., Techflex Inc., and Zeus Co. Inc.. Also, the heat shrink tubing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.