Mechanical Control Cables Market

Mechanical Control Cables Market Outlook – 2027 

The global mechanical control cables market is experiencing a significant growth due to increase in commercial aircraft fleet. Mechanical control cables provide a push or pull action to enable mechanical functions. Mechanical cables are attached with many other fittings such as connection pins, throttle arm, handles, forks, spring mounts, and eyes to complete the mechanical control cables. Further, mechanical control cables are named on the basis of motion employed such as pull-pull mechanical control cables or push-pull mechanical control cable. Push-pull mechanical control cables are used in hydraulic, pneumatic, and electrical systems whereas, pull-pull mechanical control cables are used in applications such as position adjustment where transmission force requires tension.

COVID-19 scenario analysis: 

Mechanical control cables manufacturers are forced to halt production operations due to the government-imposed lockdown in the wake of COVID-19 pandemic.

Automobile manufacturers are facing short-term operational issues due to supply chain disruption caused by the government initiatives to slow the spread of COVID-19.

Mechanical control cable manufacturing companies are forced to delay on-going product development projects due to lack of workforce caused by travel restrictions imposed by government to control the COVID-19 outbreak.

Aircraft manufacturers are also facing shortage in equipment and raw materials supply.

Airlines are incurring financial losses by spending on maintenance services without any revenue generation owing to the travel bans imposed globally to prevent further transmission of COVID-19.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Surge in commercial aircrafts, increase in demand for military vehicles, and rise in adoption of process automation system are some of the factors that drive the global mechanical control cables market. However, high installation cost hinders the market growth. On the contrary, military modernization programs, increase in air passenger traffic, and safeguards of mechanical system against electrical interference present new pathways in the industry.

The global mechanical control cables market trends are as follows:

Surge in commercial aircrafts

Mechanical control cables are used in landing gears & flight control system of aircrafts. Moreover, mechanical control cable installed in aircrafts have high mechanical efficiency without any backlash, required for precision control. Recently, in 2019, Airbus published global aircraft market forecast stating the need for approx. 39,000 new aircrafts in the next 20 years to meet the future air traffic demands which is growing 4.3% annually. Increase in air passenger traffic will lead to more demand for commercial aircrafts in economies where aviation market is likely to grow in future. Such growth in aviation industry is expected to boost the global mechanical control cables market.

Demand for military vehicles

Mechanical control system in automobiles perform a variety of tasks such as throttle control, brake engagement, power take-off management, engine choke, clutch management, drive management, and speed selection among others.  Military vehicles require robust mechanical control cables for precision control and efficiency in harsh outdoor environments. Recently, in 2018, US Army awarded a contract of approx. 258 million USD to General Dynamics Land Systems (military vehicle manufacturing subsidiary of General Dynamics, headquartered in Michigan, US) for upgradation & modification of 116 IAV Stryker vehicles (an eight-wheeled armored fighting vehicle). Such investment in military vehicles will drive the global mechanical control cables market.

Key benefits of the report:

• This study presents the analytical depiction of the global mechanical control cables 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 global mechanical control cables market share.
• The current market is quantitatively analyzed to highlight the global mechanical control cables market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global mechanical control cables market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the mechanical control cables market research report:

• Which are the leading market players active in the mechanical control cables market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Mechanical Control Cables Market Report Highlights