Market Overview:
The global cable gland locknuts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cable glands and locknuts in various applications, such as cables, household appliances, factory circuits, and others. In addition, the growing awareness about safety and security is also propelling the demand for these products. Based on type, the global cable gland locknuts market can be segmented into stainless steel locknuts, aluminum alloy locknuts, and plastic Lock nuts. Stainless steel Lock nuts are expected to account for a major share of this market during the forecast period owing to their high strength and durability. Aluminum alloy Lock nuts are also anticipated to witness significant growth due their properties such as light weightiness and corrosion resistance.
Product Definition:
A cable gland locknut is a type of nut that is used to secure a threaded cable gland. The purpose of the cable gland locknut is to keep the gland from loosening and to prevent the ingress of water or other contaminants.
Stainless Steel Locknuts:
Stainless steel locknuts are used in place of conventional nuts to assemble cable gland assemblies. These products have a higher resistance towards rust and corrosion as compared to other materials including carbon steel and alloy steel. Moreover, these products offer high torque values which make them suitable for use in applications involving heavy-duty stress such as shipbuilding industries.
Increasing demand from the construction industry is expected to drive market growth over the forecast period.
Aluminum Alloy Locknuts:
Aluminum alloy locknuts are used in cable gland locknuts. They are manufactured using aluminum and other metals such as zinc, iron, copper or magnesium. The manufacturing process involves melting the raw materials together to make a homogenous mixture. Afterward, they are extruded into shapes and sizes according to the requirements of end-use applications.
Application Insights:
The application segment includes cable, household appliances, factory circuit and others. The factory circuit segment held the largest market share in 2017 and is projected to expand further at a steady CAGR over the forecast period. This can be attributed to increasing demand for electrical equipment in developing countries such as China, India and Brazil.
The growing electronics industry in Asia Pacific coupled with stable growth of power grid infrastructure is expected to increase demand for electric cables over the coming years. In addition, rapid urbanization has resulted in an increased number of households adopting electricity supply through underground cables which will drive product demand further.
Regional Analysis:
Asia Pacific dominated the global cable gland locknut market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturing facilities for electrical & electronics products, which results in high demand for various types of nuts and bolts. China, Japan, South Korea, Taiwan are some of the major manufacturers operating within Asia Pacific region.
North America is projected to grow at a significant rate over the forecast period owing to increasing use of electric vehicles along with growing industrial sector within U.S., Canada & Mexico countries as well as other Central & South American nations such as Brazil and Argentina. In addition, rising construction activities due to rapid growth in population will drive product demand further driving industry growth across this region during the forecast years from 2018 to 2030 (USD).
Growth Factors:
- Increasing demand from electrical and electronic industries for cable gland locknuts for effective and safe wiring
- Rising installation of electrical equipment in residential and commercial buildings
- Growing popularity of smart grids that require secure wiring systems
- Proliferation of internet of things (IoT) devices that need reliable power connections
- Technological advancements in cable gland locknut manufacturing process
Scope Of The Report
Report Attributes
Report Details
Report Title
Cable Gland Locknuts Market Research Report
By Type
Stainless Steel Locknuts, Aluminum Alloy Locknuts, Plastic Locknuts
By Application
Cable, Household Appliances, Factory Circuit, Other
By Companies
RS Pro, Altech, Lapp, SIB, SES Sterling, Legrand, Lapp Cable, PMA, CMP, SES
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Cable Gland Locknuts Market Report Segments:
The global Cable Gland Locknuts market is segmented on the basis of:
Types
Stainless Steel Locknuts, Aluminum Alloy Locknuts, Plastic Locknuts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cable, Household Appliances, Factory Circuit, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- RS Pro
- Altech
- Lapp
- SIB
- SES Sterling
- Legrand
- Lapp Cable
- PMA
- CMP
- SES
Highlights of The Cable Gland Locknuts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel Locknuts
- Aluminum Alloy Locknuts
- Plastic Locknuts
- By Application:
- Cable
- Household Appliances
- Factory Circuit
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cable Gland Locknuts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cable gland locknuts are a type of nut that is used to secure cables. They are made from a metal alloy and have a small hole in the middle. The hole is used to insert the cable into the locknut, which then secures it.
Some of the major players in the cable gland locknuts market are RS Pro, Altech, Lapp, SIB, SES Sterling, Legrand, Lapp Cable, PMA, CMP, SES.
The cable gland locknuts market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cable Gland Locknuts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cable Gland Locknuts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cable Gland Locknuts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cable Gland Locknuts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cable Gland Locknuts Market Size & Forecast, 2020-2028
4.5.1 Cable Gland Locknuts Market Size and Y-o-Y Growth
4.5.2 Cable Gland Locknuts Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stainless Steel Locknuts
5.2.2 Aluminum Alloy Locknuts
5.2.3 Plastic Locknuts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cable
6.2.2 Household Appliances
6.2.3 Factory Circuit
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cable Gland Locknuts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cable Gland Locknuts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stainless Steel Locknuts
9.6.2 Aluminum Alloy Locknuts
9.6.3 Plastic Locknuts
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cable
9.10.2 Household Appliances
9.10.3 Factory Circuit
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stainless Steel Locknuts
10.6.2 Aluminum Alloy Locknuts
10.6.3 Plastic Locknuts
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cable
10.10.2 Household Appliances
10.10.3 Factory Circuit
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stainless Steel Locknuts
11.6.2 Aluminum Alloy Locknuts
11.6.3 Plastic Locknuts
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cable
11.10.2 Household Appliances
11.10.3 Factory Circuit
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stainless Steel Locknuts
12.6.2 Aluminum Alloy Locknuts
12.6.3 Plastic Locknuts
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cable
12.10.2 Household Appliances
12.10.3 Factory Circuit
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stainless Steel Locknuts
13.6.2 Aluminum Alloy Locknuts
13.6.3 Plastic Locknuts
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cable
13.10.2 Household Appliances
13.10.3 Factory Circuit
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cable Gland Locknuts Market: Competitive Dashboard
14.2 Global Cable Gland Locknuts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 RS Pro
14.3.2 Altech
14.3.3 Lapp
14.3.4 SIB
14.3.5 SES Sterling
14.3.6 Legrand
14.3.7 Lapp Cable
14.3.8 PMA
14.3.9 CMP
14.3.10 SES
