Global Heat Shrink Tubing Market is Expected to Grow at 5.7% in the Forecast Period of 2021 to 2028

The Heat Shrink Tubing Industry will relinquish an approximated estimate at a frequency of 5.7% for the projection space of 2021 to 2028 with factor such as increasing growing demand of real time access.

The heat shrink tubing market has shown an exceptional penetration in countries such as the U.S., Germany and China. Automating a heat shrink tubing process is boosting the growth in developed countries. In developing countries, high requirement from oil and gas industry is aiding the heat shrink tubing market to achieve high growth rate.

Heat Shrink Tubing Market Scenario

According to Data Bridge Market Research, the market for heat shrink tubing in Asia-Pacific region has the highest market share followed by North America and Europe. Market leader is TE Connectivity which accounts an estimated market share of approximately 25% to 27% globally. The company has gained outstanding sales through their heat shrink tubing products.

  • In March 2021, TE Connectivity launched ATUM series of heat shrink tubes that has an adhesive inside tube bonds with a wide range of rubber, plastics and metals that includes PVC, polyethylene, rubber and aluminium. The high flexibility offered from the shrink tubes make it ideal for repairing cables in industrial applications. The company enhanced its product portfolio delivering more profit to the company.

Heat Shrink Tubing MarketTrends Impacting the Heat Shrink Tubing Market

Now the question is which other regions TE Connectivity, Sumitomo Electric Industries, Ltd. and Prysmian Group are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific heat shrink tubing market and the market leaders targeting the China and Japan to be their next revenue pockets for 2021.

The heat shrink tubing market is becoming more competitive every year with companies such as TE Connectivity, Sumitomo Electric Industries, Ltd. and Prysmian Group as they are the market leaders for heat shrink tubing market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the heat shrink tubing market.

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Heat Shrink Tubing Market Development

  • In January 2019, ABB Shrinkon connectors and Ty-Rap cable ties helped the custom made buggy electrical system beast to win the Dakar rally. The company enhanced its business portfolio by enhancing the product portfolio generating more income and profit to it.

Scope of the Heat Shrink Tubing Market

Global heat shrink tubing market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Switzerland, Turkey, rest of Europe, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Thailand, Singapore, Philippines, rest of Asia-Pacific, Saudi Arabia, South Africa, UAE, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina and rest of South America.

  • All country based analysis of heat shrink tubing market is further analyzed based on further segmentation. On the basis of type, the heat shrink tubing market is segmented into single wall and dual wall. On the basis of product type, the heat shrink tubing market is segmented into spools, pre-cut lengths and others. On the basis of material, the heat shrink tubing market is segmented into polyolefin, per fluoroalkoxy alkane (PFA), poly tetra fluoro ethylene (PTFE), ethylene tetra fluoro ethylene (ETFE), fluorinated ethylene propylene (FEP), polyether ether ketone (PEEK) and others. On the basis of voltage, the heat shrink tubing market is segmented into low, medium and high. On the basis of shrink ratio, the heat shrink tubing market is segmented into 2:1, 3:1, 4:1 and 6:1. On the basis of end-user, the heat shrink tubing market is segmented into food & beverage, automotive, utilities, chemical, pharmaceuticals, electronics, IT and telecommunication, aerospace, oil and gas, construction, marine and others.

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Key Pointers Covered in Heat Shrink Tubing Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • ABB
  • Sumitomo Electric Industries, Ltd.
  • TE Connectivity
  • HellermannTyton
  • Alpha Wire
  • 3M
  • Changchun IAC Technology Co., Ltd.
  • Zeus Industrial Products, Inc.
  • Molex
  • Thermosleeve USA
  • Techflex, Inc.
  • Dasheng Group
  • Prysmian Group
  • Shenzhen Woer Heat - Shrinkable Material Co., Ltd.
  • Qualtek Electronics Corp.
  • Hilltop
  • Assembly Fasteners, Inc.
  • Huizhou Guanghai Electronic Insulation Materials Co.,Ltd.

Above are the key players covered in the report, to know about more and exhaustive list of heat shrink tubing companies’, contact us

Research Methodology: Global Heat Shrink Tubing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Products and Product Developers, Automotive Engineers, Electrical Engineers among others
  • Supply Side: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers, National Sales Managers among others.

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