Global Mark Tube (Wire Marking Tube) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Mark Tube (Wire Marking Tube) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Wire Marking Tube is a form of wire and cable marking, which provides a simple way to identify various wires and cables. It is essential for locating, upgrading, and repairing electrical, data communications, and telecommunications systems. Print the wire number on the sleeve with a printer, which can be used for wiring identification. Generally used before the terminal connection, the sleeve is sleeved on the wire through the open end of the wire.

Market Overview:

The latest research study on the global Mark Tube (Wire Marking Tube) market finds that the global Mark Tube (Wire Marking Tube) market reached a value of USD 280.48 million in 2022. It’s expected that the market will achieve USD 389.12 million by 2028, exhibiting a CAGR of 5.61% during the forecast period.

The negative impact in the short term

The sudden outbreak of the COVID-19 pandemic has led to the implementation of strict lockdown regulations in many countries/regions, resulting in the suspension of Wire Marking Tube import and export activities. COVID-19 can affect the global economy in three main ways: directly affecting production and demand, causing supply chain and market disruptions, and financial impact on companies and financial markets. With the adoption of home isolation, work shutdown, and production shutdown policies in major economies around the world, labor shortages have increased supply chain turnover costs and increased production costs. Demand has also been suppressed, and the downstream wire and cable layout market has also been affected by labor shortages, and market expansion plans have been restricted to reduce the demand for Wire Marking Tubes. The difficulty of financing for enterprises is also increasing, and liquidity risks are increasing.

Gradually recover over a long period of time

With the gradual promotion of vaccines and the implementation of epidemic prevention and control measures, production has gradually recovered, logistics turnover has gradually recovered, and the production capacity of enterprises has gradually recovered. The global stranded telecommunications infrastructure layout has gradually started, and the global economy has gradually recovered, gradually promoting the market demand for Wire Marking Tube.

Strengths

Importance of Wire Marking Tube

Maintenance on a heavily wired electrical circuit can be challenging. The process of sorting through all the wires involved in the system to find out the fault or problem can prove difficult for any electrician. This problem occurs due to messy and unlabelled wires. The infamous incident of CERN, the European nuclear research agency, having to sort through 9000 unlabelled wires and identify each of them to upgrade their facility, is a testament to this fact. Properly labeling the wires prevents this from happening, and labeling the wires before installment can reduce the stress of sorting through all the wires to find out just one. Wire Marking Tube is an upfront cost that saves money and time when the system in use needs to be changed or repaired. Wire Marking Tube can not only provide correct guarantee for the operation and maintenance personnel to carry out correct daily maintenance and handling of abnormal accidents, but also provide help for future generations. Even if the new recruits follow the signs, they will not have misoperations as long as they follow the signs. It will bring the greatest convenience to users' future maintenance and management, improve their management level and work efficiency, and reduce network configuration time. The label should be able to withstand environmental tests, such as humidity, high temperature, and ultraviolet light, and should have the same or longer service life as the identified facility.

Weaknesses

Raw material price fluctuations
The main raw material of Wire Marking Tube is plastic, such as PVC plastic. Plastic prices are easily affected by the macro environment, which in turn affects production costs and brings production and operation risks to enterprises.

The value of upstream energy needs to be considered, because energy fundamentally drives the price of all petrochemical products, including PVC. In October, the sharp increase in European utility costs (natural gas and electricity prices) led to a series of surcharge announcements issued by the entire European chemical industry. PVC producers also announced price surcharges. One of them implemented a 110 Euro/ton surcharge fee. The record price of S-PVC pipes in China on October 15 was caused by China's dual emission control policies. Coal production and supply were affected, resulting in a decrease in the production of carbide-based PVC, consolidating the balance of China's domestic PVC market and triggering price increases.

Chlorine is another key component in PVC production, and PVC is the largest chlorine derivative. The production interruption of the chlor-alkali plant will prevent PVC operation. In the past year, chlor-alkali production issues have restricted the production of PVC—a recent example was the closure of vinyl chloride production on the U.S. Gulf Coast by Hurricane Ida, which resulted in a tightening of the U.S. PVC balance and an increase in U.S. monthly contract prices.

Region Overview:

In 2021, the share of the Mark Tube (Wire Marking Tube) market in North America stood at 37.45%.

Company Overview:

Brady Worldwide, Inc. is one of the major players operating in the Mark Tube (Wire Marking Tube) market, holding a share of 11.32% in 2022.

Brady Worldwide, Inc.

Brady Worldwide, Inc. offers business products and solutions. The Company offers printers and kits, barcode scanners, label attachment systems, laminators, printer applicators, labels, tapes, and softwares.

Dymo

Dymo Corporation is an American manufacturing company of handheld label printers and thermal-transfer printing tape as accessory, embossing tape label makers, and other printers such as CD and DVD labelers and durable medical equipment.

Segmentation Overview:

As for product types, the 2-5 mm segment held the largest market share in 2021.

Application Overview:

By application, the Offline segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Mark Tube (Wire Marking Tube) market covered in Chapter 3:

TE Connectivity
Dymo
HellermannTyton
Twittlebit
Brady Worldwide, Inc.
Panduit
Lapp
Silverfox
Weidmüller Interface GmbH & Co. KG
PHOENIX CONTACT

In Chapter 4 and Chapter 14.2, on the basis of types, the Mark Tube (Wire Marking Tube) market from 2018 to 2029 is primarily split into:

2-5 mm
5-8 mm
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Mark Tube (Wire Marking Tube) market from 2018 to 2029 covers:

Online
Offline

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)