Market Overview:
The global ground straps market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ground straps in the aerospace & aircraft, machines-automotive and heavy duty truck, and machinery and heavy equipment applications. In terms of type, the stainless steel ground straps segment is expected to lead the market during the forecast period. This can be attributed to its properties such as corrosion resistance and high tensile strength.
Product Definition:
Ground Straps are used to connect electrical equipment to a ground conductor. This helps protect the equipment from damage in the event of a power surge or short circuit.
Stainless Steel Ground Straps:
Stainless steel ground straps are used in the manufacturing of safety equipment such as safety belts, lanyards, and ground tackle. They are also used in a variety of other applications including shipbuilding, oil & gas extraction platforms and offshore rigs, chemical processing plants or nuclear power stations. The growth factor for stainless steel ground straps is primarily driven by rising demand from the construction industry due to its superior corrosion resistance property.
Copper Ground Straps:
Copper ground straps are used in electrical and electronic applications to provide a reliable connection between the equipment and the power supply. They are also used in mechanical engineering for structural applications, specifically for bridges, buildings, vessels or other heavy machinery. The copper ground straps market is expected to witness significant growth over the forecast period owing to its increasing demand across various industries including oil & gas chemical processing plant automation systems manufacturing facilities automotive electronics healthcare IT telecom utilities construction defense aerospace etc.
Application Insights:
The aerospace and aircraft application segment accounted for the largest revenue share of over 40% in 2017. The demand for ground straps is expected to increase as a result of rising air passenger traffic, which has been growing at around 10% annually since 2000. This growth in air passenger traffic is projected to boost the product demand over the forecast period.
The machines & automotive application segment accounted for a significant revenue share in 2017 owing to increasing automotive production across various countries worldwide. For instance, from 2015-2016 Ford produced nearly 1 million vehicles globally while Toyota produced more than 3 million vehicles during this same period. Such an example illustrates how important it is to have good ground handling equipment on board heavy machinery and equipment at construction sites, mining sites, etc.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing demand for heavy-duty trucks and aircraft. In addition, rising investments by governments in defense and aerospace are expected to propel product demand over the forecast period. Asia Pacific is projected to witness significant growth over the next eight years owing to rapid industrialization coupled with improving economic conditions in emerging countries such as China, India, Indonesia, Vietnam and Thailand among others will drive regional market growth.
Growth Factors:
- Increasing demand for ground straps in the automotive and transportation sector as a result of increasing production of electric and hybrid vehicles.
- Growing demand for ground straps from the telecommunication sector due to increasing installation of telecom towers across the globe.
- Rising demand for ground straps from the electrical equipment manufacturing sector due to growth in global electricity consumption.
- Increasing use of ground straps in renewable energy projects owing to growing popularity of solar and wind power installations worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Ground Straps Market Research Report
By Type
Stainless Steel Ground Straps, Copper Ground Straps, Tin Plated Ground Straps, Pvc Insulated Ground Straps, Galvanized Ground Straps
By Application
Aerospace & Aircraft, MachinesAutomotive and Heavy Duty Truck, Machinery and Heavy Equipment
By Companies
Grote Industries, ACDelco, BIFFI & PREMOLI, LG Electronics, Desco, Dorman, Yueqing Koko Electrical Equipment, QuickCable, Grote, Legrand, Grote Industries
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Ground Straps Market Report Segments:
The global Ground Straps market is segmented on the basis of:
Types
Stainless Steel Ground Straps, Copper Ground Straps, Tin Plated Ground Straps, Pvc Insulated Ground Straps, Galvanized Ground Straps
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
Aerospace & Aircraft, MachinesAutomotive and Heavy Duty Truck, Machinery and Heavy Equipment
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:
- Grote Industries
- ACDelco
- BIFFI & PREMOLI
- LG Electronics
- Desco
- Dorman
- Yueqing Koko Electrical Equipment
- QuickCable
- Grote
- Legrand
- Grote Industries
Highlights of The Ground Straps 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 Ground Straps
- Copper Ground Straps
- Tin Plated Ground Straps
- Pvc Insulated Ground Straps
- Galvanized Ground Straps
- By Application:
- Aerospace & Aircraft
- MachinesAutomotive and Heavy Duty Truck
- Machinery and Heavy Equipment
- 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 Ground Straps 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
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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?
Ground straps are a type of safety harness that attaches to the ground. They help keep you safe in case of a fall.
Some of the key players operating in the ground straps market are Grote Industries, ACDelco, BIFFI & PREMOLI, LG Electronics, Desco, Dorman, Yueqing Koko Electrical Equipment, QuickCable, Grote, Legrand, Grote Industries.
The ground straps 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 Ground Straps 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 Ground Straps Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Ground Straps 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 Ground Straps 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 Ground Straps Market Size & Forecast, 2020-2028 4.5.1 Ground Straps Market Size and Y-o-Y Growth 4.5.2 Ground Straps 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 Ground Straps
5.2.2 Copper Ground Straps
5.2.3 Tin Plated Ground Straps
5.2.4 Pvc Insulated Ground Straps
5.2.5 Galvanized Ground Straps
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 Aerospace & Aircraft
6.2.2 MachinesAutomotive and Heavy Duty Truck
6.2.3 Machinery and Heavy Equipment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ground Straps 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 Ground Straps 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 Ground Straps
9.6.2 Copper Ground Straps
9.6.3 Tin Plated Ground Straps
9.6.4 Pvc Insulated Ground Straps
9.6.5 Galvanized Ground Straps
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 Aerospace & Aircraft
9.10.2 MachinesAutomotive and Heavy Duty Truck
9.10.3 Machinery and Heavy Equipment
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 Ground Straps
10.6.2 Copper Ground Straps
10.6.3 Tin Plated Ground Straps
10.6.4 Pvc Insulated Ground Straps
10.6.5 Galvanized Ground Straps
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 Aerospace & Aircraft
10.10.2 MachinesAutomotive and Heavy Duty Truck
10.10.3 Machinery and Heavy Equipment
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 Ground Straps
11.6.2 Copper Ground Straps
11.6.3 Tin Plated Ground Straps
11.6.4 Pvc Insulated Ground Straps
11.6.5 Galvanized Ground Straps
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 Aerospace & Aircraft
11.10.2 MachinesAutomotive and Heavy Duty Truck
11.10.3 Machinery and Heavy Equipment
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 Ground Straps
12.6.2 Copper Ground Straps
12.6.3 Tin Plated Ground Straps
12.6.4 Pvc Insulated Ground Straps
12.6.5 Galvanized Ground Straps
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 Aerospace & Aircraft
12.10.2 MachinesAutomotive and Heavy Duty Truck
12.10.3 Machinery and Heavy Equipment
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 Ground Straps
13.6.2 Copper Ground Straps
13.6.3 Tin Plated Ground Straps
13.6.4 Pvc Insulated Ground Straps
13.6.5 Galvanized Ground Straps
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 Aerospace & Aircraft
13.10.2 MachinesAutomotive and Heavy Duty Truck
13.10.3 Machinery and Heavy Equipment
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 Ground Straps Market: Competitive Dashboard
14.2 Global Ground Straps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Grote Industries
14.3.2 ACDelco
14.3.3 BIFFI & PREMOLI
14.3.4 LG Electronics
14.3.5 Desco
14.3.6 Dorman
14.3.7 Yueqing Koko Electrical Equipment
14.3.8 QuickCable
14.3.9 Grote
14.3.10 Legrand
14.3.11 Grote Industries