Is the Mechanical Control Cable Market Worth the High Installation Cost?
The Worldwide Mechanical Control Cable Market was valued at USD USD 9.26 Billion billion in 2021 and is projected to reach USD USD 13.89 Billion billion by 2028 at a Compound Annual Growth Rate (CAGR) of 5.2%% between 2022 to 2028. Mechanical Control Cables are wires that provide a push-pull or other action to open parts automatically. They include a mechanical cable with attached eyes, forks, poles, handles, and more. Depending on the type of movement used, Mechanical Control Cables are often referred to as pull control straps or pull control strings. With mechanical push-pull control straps, the compression pushes the movement in one direction while the pressure pulls you in the other direction. Mechanical Control Cables that use a pull-pull action can be used as replacements for water, air, and electric control systems.
Increased passenger traffic and increased demand for new aircraft drive the Mechanical Control Cable Market growth. Increasing demand for international military vehicles and warships are important drivers who are advancing the market for high-speed control systems. These cables are used by various manufacturers of military and defense equipment for modern operations and maintenance, as they are compatible with a variety of military and defense applications and complement various specifications. Although a major obstacle to the growth of the market for machine control cable is the high cost of installation, the current backlog of aircraft deliveries, and the challenges of manufacturing and installing cable harnesses, are expected to slow industry growth.
The Global Machine Control Market is classified as push-pull and pull-pull. On the basis of the platform, the market is divided into aircraft and then divided into commercial, general aviation, and military aviation. The vehicles are further divided into major battle tanks, armored vehicles, light tactical vehicles, protected marine vehicles, armored vehicles. Marines are classified as airlines, submarines, destroyers, frigates, submarines, corvettes, coastal patrols. On the basis of the material, the market is divided as either mobile items or jacket items. On the basis of end-use, the market is divided into commercial, defense, and non-military aero.
Regionally, the Global Mechanical Control Cable Market is spread throughout North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Asia Pacific is expected to have a prominent place in the cable management market due to the presence of various cable manufacturers in China, Vietnam, India, and other countries. North America is a major potential market for military equipment and aerospace control systems. North America can be considered a mature market because development in the region focuses on the development of existing infrastructure such as the purchase of military and military vehicles. The increase in the delivery of new commercial airlines to the Asia Pacific and modern operations and maintenance is expected to further the share of commercial use. Increasing air travel leads to an increase in the size of aircraft vessels. This is expected to drive the aftermarket of control cables. The mechanical control market in Europe is likely to prove stagnant growth. Markets in Latin America the Middle East and Africa are estimated to show slower growth during forecasts.
Some of the major players operating within the global mechanical control cable market include - Triumph Group (US), Crane Aerospace & Electronics (US), Glassmaster Controls Company, Inc. (US), Loos & Co. Inc. (US), Elliott Manufacturing (US), Orscheln Products (US), Bergen Cable Technology, Inc. (US), Wescon Controls (US), Cable Manufacturing & Assembly, Inc. (US), Tyler Madison, Inc. (US), Sila Group (Italy), Escadean Ltd. (UK), Cablecraft Motion Controls (US), Lexco Cable Mfg. (US), Ringspann GmbH (Germany), Drallim Industries Limited (UK), VPS Control Systems, Inc. (US), Grand Rapids Controls, LLC. (US), and Küster Holding GmbH (Germany)..
Browse the full Report - Mechanical Control Cables Market for Military and Aerospace Market by Application (Aerial, Land, Marine), by Type (Push-Pull, Pull-Pull, Platform), by Material (Steel, Composite), by Regions (North America, Europe, Asia Pacific, Middle East & Africa, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)