Global Tie Gun Market Projected to Register a CAGR of 3.14% by 2021

Published on : Aug 03, 2017

Albany, New York, August 3, 2017: In recent years, rising demand for metal detectable cable ties have given a rapid boost to the market of tie gun. Market Research Hub (MRH) has recently announced the addition of a new market intelligence study to its growing repository, which is titled as “Global Tie Gun Market 2017-2021”. The study examines the global market and presents a thorough overview of tie gun market with key highlights to its growth prospects for the period, 2017 to 2021. According to the study findings, the global tie gun market is experiencing substantial growth from the past few years, which is further anticipated to grow at a CAGR of 3.14% during the period 2017-2021.

Initially, the report comprises an elaborate executive summary which includes market snapshot that provides information about various segments. Tie gun can be defined as, a type of fastener tool which is used to hold items together. The basic types of tie guns consist of automatic, manual, and pneumatic tie guns used in several types of cable ties, which include nylon, stainless steel, and velcro cable ties. It mainly tightens the cable ties and tears off the vacant portion of ties with the help of preset tension applied to the knob of the gun.

Moreover, the market has been categorized on the basis of product type which includes automatic tie, manual tie and pneumatic tie. Of these, the automatic tie gun segment holds the major shares of the global market. Looking to this rapidly expanding market, the research identifies the increasing demand for metal detectable cable ties as one of the primary growth factors for this market. These cable ties are mainly used in industries like food & beverage; pharmaceuticals. Besides this, the market is developing due to an increasing demand for hand tools and power tools. This is mainly because the tie guns can be used as hand tools and power tools in industries. To estimate the market size, this forecast study considers the revenue generated by different vendors through the sales of several types of tie guns, which include automatic, manual, and pneumatic tie guns.

Geographically, the report studies the market in different regions including Americas, Asia Pacific and EMEA. This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the tie gun market throughout the forecast period.

Additionally, the report presents the vendor’s competitive landscape and a detailed analysis of the top 4 vendors in the market, which are Apex Tool Group (ATG), Greenlee, Eastwood and Panduit. Some other prominent vendors including Avery Dennison, Gardner Bender, Electriduct, Nelco Products, Yueqing Highsail Electric, HellermannTyton, Elenco Electronics, Thomas & Betts, FACOM and Yueqing Xuankang Electric. Furthermore, the report outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

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