Global Flexible Rubber Cable Market Size, Trends, & Growth Opportunity, By Type (Conductor Size 50 mm2, Conductor Size 50-300 mm2, and Conductor Size >300mm2), By Application (Mobile Power Supplies, Light & Heavy-Duty Equipments, and Submersible Pumps), By Regional Outlook, Competitive Market Share, & Forecast, 2022 – 2027.
Global Flexible Rubber Cable Market
Global Flexible Rubber Cable Market was valued at USD 3,235 million in 2021 and is expected to reach USD 5,250 million by 2027, at a CAGR of 6.85% from 2022-2027.
Flexible cables, also known as "continuous-flex" cables, are electrical cables specially designed to cope with the tight bending radii and physical stress that are associated with moving applications, such as inside cable carriers. These are typically used for cables, including cable tray routing, portable power equipment, wind and solar energy, oil & gas applications, and more.
Market Drivers
Rise in urbanisation and construction activities is the key driving factor expected to boost the global flexible rubber cable market's growth. Furthermore, an increase in demand for these cables from the telecommunications industry and automotive industry will have a positive impact on market growth.
Moreover, an increase in research and development activities in the power sector will drive market growth during this forecast period.
Market Restraints
However, a fluctuation in raw material prices is the major restraint that is expected to hamper the global flexible rubber cable market's growth. Also, the availability of various substitutes will affect the market growth.
Market Segmentation
Global Flexible Rubber Cable Market is segmented into types such as conductor sizes 50 mm2, Conductor Size 50-300 mm2, and Conductor Size >300mm2.
Further, the market is segmented into applications such as mobile power supplies, light & heavy-duty equipment, and submersible pumps.
Regional Analysis
The Global Flexible Rubber Cable Market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
The Asia-Pacific region is projected to be the largest market owing to various factors such as developing economies, industrialization, advancement, and the rising number of onshore industries and commercial activities, among others. China, Japan, South Korea, and India are the main contributors to the growth of the rubber cable market in the Asia Pacific region.
Key Players
Various key players are discussed in the Global Flexible Rubber Cable Market Report, including: Eland Cables, Bhuwal Cables Limited, Top Cable, DDA Ltd., Misterlight Electrical, Treotham Automation, YESSS Electrical, Guangdong Wasung Cable, Beacon Electrical, HELUKABEL, and Others.
Market Taxonomy
By Type
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