Market Overview:
The global servo cables 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 servo cables in various applications, such as automotive industries, industrial, packaging industries, and others. In terms of type, the global servo cables market is segmented into for flexing, for medium duty and for heavy duty. The demand for heavy-duty servo cables is expected to grow at a higher rate as compared to other types during the forecast period from 2018 to 2030.
Product Definition:
A servo cable is a type of electrical cable used to transmit data or power between two devices. It consists of multiple wires encased in a protective sheath, and is typically used for high-speed or high-power applications. Servo cables are often found in medical and industrial equipment, as well as in vehicles.
For Flexing:
For flexing, there are mainly two types of materials used in Servo Cables: High Modulus Polypropylene (HMPP) and Ethylene Propylene Diene Monomer (EPDM). HMPP has a higher tensile strength than EPDM. However, EPDM is cost-effective and widely used as it can be recycled.
For Medium Duty:
For medium duty and it's usage in servo cables market is a new term that came into existence only after the introduction of medium-duty (MD) cable. Servo cables are used to control the movement of mechanical components or machinery through electrical signals. The cable consists of copper wires insulated with an insulating material, which acts as a protective cover for signal transmission.
The main function performed by MD cables is to provide high resistance against short circuits.
Application Insights:
Automotive industries was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Medium-duty servo motors are used for various functions, such as door opening and closing, window up/down, seat adjustment, air conditioner operation/off mode control among others. Heavy-duty applications include industrial machinery and equipment maintenance & repair operations where high precision is required along with other heavy industrial applications that require a higher level of safety protection. The packaging industries use medium duty servo motors for picking and packaging operations on conveyor belts or automated storage systems (ASDS).
The demand from other end-use industries includes medical equipment & supplies; food processing; mining; aerospace & defense; energy generation plants including wind turbines among others requiring medium duty motor drives with high power density range between 1 to 3 HP.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing industrialization and rising investments in automation across various industries. For instance, in November 2017, Siemens opened a new factory in Vietnam with an investment of USD X million that produces electric motors for industrial applications at a rate of 40 kilotons per annum.
The market demand is anticipated to grow further owing to growing automotive industry coupled with rapid urbanization and expansion of manufacturing facilities across emerging economies such as China, India, Indonesia & Thailand (CIT). Moreover, favorable government policies encouraging domestic manufacturing activities are expected drive regional product demand over the forecast period.
Europe was estimated as being third-largest servo cable market after North America.
Growth Factors:
- Increasing demand from the automotive industry for Servo Cables is expected to be a key growth driver for the market over the forecast period.
- The increasing demand for Servo Cables from the electrical and electronics industry is also expected to fuel market growth over the forecast period.
- Rising investments in research and development activities by leading players is anticipated to propel market growth during the forecast period.
- Growing awareness about energy efficiency among consumers is projected to boost demand for Servo Cables in the near future. 5) The growing trend of miniaturization of electronic devices is also expected to favor market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Servo Cables Market Research Report
By Type
For Flexing, For Medium Duty, For Heavy Duty
By Application
Automotive Industries, Industrial, Packaging Industries, Others
By Companies
Alpha Wire, FlexoTech, HELUKABEL, Lapp Group (Lapp Mulle), TPC Wire & Cable, MURRPLASTIK SYSTEMTECHNIK, Otto Bihler Maschinenfabrik GmbH & Co. KG, SAB BROECKSKES GMBH & Co. KG, Shanghai Hualong Test Instruments Corporation, TEKUWA GmbH, Igus, Pololu, Eland Cables, LUTZE
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Servo Cables Market Report Segments:
The global Servo Cables market is segmented on the basis of:
Types
For Flexing, For Medium Duty, For Heavy Duty
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
Automotive Industries, Industrial, Packaging Industries, Others
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:
- Alpha Wire
- FlexoTech
- HELUKABEL
- Lapp Group (Lapp Mulle)
- TPC Wire & Cable
- MURRPLASTIK SYSTEMTECHNIK
- Otto Bihler Maschinenfabrik GmbH & Co. KG
- SAB BROECKSKES GMBH & Co. KG
- Shanghai Hualong Test Instruments Corporation
- TEKUWA GmbH
- Igus
- Pololu
- Eland Cables
- LUTZE
Highlights of The Servo Cables 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:
- For Flexing
- For Medium Duty
- For Heavy Duty
- By Application:
- Automotive Industries
- Industrial
- Packaging Industries
- Others
- 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 Servo Cables 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
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- 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?
Servo cables are a type of electrical cable used to connect servos to motors. Servo cables have a number of connectors on one end, and the other end has a connector for the motor.
Some of the major players in the servo cables market are Alpha Wire, FlexoTech, HELUKABEL, Lapp Group (Lapp Mulle), TPC Wire & Cable, MURRPLASTIK SYSTEMTECHNIK, Otto Bihler Maschinenfabrik GmbH & Co. KG, SAB BROECKSKES GMBH & Co. KG, Shanghai Hualong Test Instruments Corporation, TEKUWA GmbH, Igus, Pololu, Eland Cables, LUTZE.
The servo cables market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Servo Cables 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 Servo Cables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Servo Cables 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 Servo Cables 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 Servo Cables Market Size & Forecast, 2020-2028
4.5.1 Servo Cables Market Size and Y-o-Y Growth
4.5.2 Servo Cables 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 For Flexing
5.2.2 For Medium Duty
5.2.3 For Heavy Duty
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 Automotive Industries
6.2.2 Industrial
6.2.3 Packaging Industries
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Servo Cables 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 Servo Cables 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 For Flexing
9.6.2 For Medium Duty
9.6.3 For Heavy Duty
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 Automotive Industries
9.10.2 Industrial
9.10.3 Packaging Industries
9.10.4 Others
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 For Flexing
10.6.2 For Medium Duty
10.6.3 For Heavy Duty
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 Automotive Industries
10.10.2 Industrial
10.10.3 Packaging Industries
10.10.4 Others
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 For Flexing
11.6.2 For Medium Duty
11.6.3 For Heavy Duty
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 Automotive Industries
11.10.2 Industrial
11.10.3 Packaging Industries
11.10.4 Others
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 For Flexing
12.6.2 For Medium Duty
12.6.3 For Heavy Duty
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 Automotive Industries
12.10.2 Industrial
12.10.3 Packaging Industries
12.10.4 Others
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 For Flexing
13.6.2 For Medium Duty
13.6.3 For Heavy Duty
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 Automotive Industries
13.10.2 Industrial
13.10.3 Packaging Industries
13.10.4 Others
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 Servo Cables Market: Competitive Dashboard
14.2 Global Servo Cables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alpha Wire
14.3.2 FlexoTech
14.3.3 HELUKABEL
14.3.4 Lapp Group (Lapp Mulle)
14.3.5 TPC Wire & Cable
14.3.6 MURRPLASTIK SYSTEMTECHNIK
14.3.7 Otto Bihler Maschinenfabrik GmbH & Co. KG
14.3.8 SAB BROECKSKES GMBH & Co. KG
14.3.9 Shanghai Hualong Test Instruments Corporation
14.3.10 TEKUWA GmbH
14.3.11 Igus
14.3.12 Pololu
14.3.13 Eland Cables
14.3.14 LUTZE
