Cable wrapping tape or insulating tape is made up of plastic material called vinyl, this special type of plastic such as vinly &PVC help to make cable wrapping tape stretchable& durable. These cable tapes are used for insulation of electrical wires or other products that generate electricity. Branded electrical tapes may handle temperature around 80 degrees Celsius, chances of combustion is very less if the cable wrapping tapes are applied in right manner and in appropriate environments.
COVID-19 Impact analysis-
- Nation-wide lockdown was imposed by government which is resulted into disruption of supply chain and production cycle of cable wrapping tapes.
- The lockdown also increased the trend of work from home and thus there is a rise in dependency of work on internet, which increases the usage of wires.
- Due to pandemic, there was great disruption in supply chain of cable wrapping tapes, because of lockdown. Online platforms have played a vital role in restoration of supply chain. Many small scale traders have merged themselves on online platforms, which helps bridging up of gaps in supply chain.
Top Impacting Factors-
- Earlier electricity was used for some basic requirements, while now a days electricity has become a necessity in day to day life. Surge in emergence of electricity in urban & rural areas is responsible for increase in prominence of electricity wires. Cable wrapping tape helps fulfil the requirement of undisturbed supply of electricity and thus is used in prevention of defects, breakage, and combustion. This boosts the growth of the market.
- Use of wires in automotive sector is gaining prominence, as use of wires in two wheelers, three wheelers, cars, and utility vehicles is increasing rapidly. Especially in case of cars right from push start to engine bay & chases, wires are embedded everywhere which facilitates services such as door locks, power windows,speed sensors, lock braking systems, cruise control systems. This fosters the growth of the market.
Market Trends-
Due to COVID-19, schools & offices were asked to shut down or work with the 50% capacity which resulted into increase in trend of work from home pattern and online studies which has created a new demand for Wi-Fi connection. Due to dependence of work and studies on internet connections, consumption of wires has been increased which resulted into rise in demand for cable wrapping tapes for joining wires in between and prevent insulated wires. These cable wrapping tapes are also used by small garage mechanic for repairing of cars and motor vehicles as these cable wrapping tapes are strong and durable. Digitalisation is also one of the major factor that fosters the growth of the market.
Key benefits of report-
- This study presents the analytical depiction of the Cable Wrapping Tape Industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Cable Wrapping Tape Market share.
- The current market is quantitatively analyzed to highlight the Cable Wrapping Tape Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Cable Wrapping Tape Market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the report –
- Who are the leading market players active in the Cable Wrapping Tape Market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is the Cable Wrapping Tape Market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
- What are the current trends and predicted trends?
- What are the challenges faced in the Cable Wrapping Tape Market?
Cable Wrapping Tapes Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Price Point |
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 By Application |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | HellermannTyton Corporation, Minnesota Mining and Manufacturing Company., Scapa Group Plc, Four Pillars Infotech India Private Limited, Parker Electronics Private Limited., Berry Global Inc, Jinyang Technology Co. Ltd. |
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