The global market for wires and cables has witnessed a significant growth rate over the past few years, which in turn has influenced the wire processing machines market globally. The demand for these wires and cables is majorly driven by automotive and aerospace industries. These industries use an assembly of wires that transmits electrical signals; in addition, these wires are safeguarded from vehicle vibrations. Wire processing machines are mainly used to get the wire cut, stripped, crimped, marked, and welded for further manufacturing process.
Technavio’s analysts forecast the global wire processing machines market to grow at a CAGR of 9.10% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global wire processing machines market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global Wire Processing Machines Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • Arno Fuchs • Carpenter Manufacturing Company • Cheers Electronic Technical • Dongguan City Code Zhen Machinery • Exmore • GLW • Iwiss Electric • KINGSING MACHINERY • KODERA • MAPLELEGEND • Metzner Maschinenbau • MK Electronics • ramatech systems • FRIEDHELM LOH GROUP (Rittal) • Schäfer Group • Spectrum Technologies • TE Connectivity • WEZAG • Xiamen Hiprecise Technology • Zhongshan Jinsheng Automation Machinery
Market driver • Expansion and revamping of the T&D infrastructure in India. • For a full, detailed list, view our report
Market challenge • Need to comply with various regulations. • For a full, detailed list, view our report
Market trend • Use of automated processing machines in small RF and coax cables. • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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