Jun 14, 2023
Global Aviation Mechanical Control Cables Market Report 2023: Rising Aircraft Orders & Delivery Augur Well for Mechanical Control Cables
Global Market for Mechanical Control Cables Dublin, May 15, 2023 (GLOBE
Global Market for Mechanical Control Cables
Dublin, May 15, 2023 (GLOBE NEWSWIRE) -- The "Mechanical Control Cables: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.Global Mechanical Control Cables Market to Reach $14.8 Billion by 2030The global market for Mechanical Control Cables estimated at US$9.2 Billion in the year 2022, is projected to reach a revised size of US$14.8 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2022-2030.
Push-Pull, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$11.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Pull-Pull segment is readjusted to a revised 5.6% CAGR for the next 8-year period. The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 8.3% CAGRThe Mechanical Control Cables market in the U.S. is estimated at US$2.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.Looking Ahead to 2023Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Attributes:
Report Attribute
Details
No. of Pages
453
Forecast Period
2022 - 2030
Estimated Market Value (USD) in 2022
$9.2 Billion
Forecasted Market Value (USD) by 2030
$14.8 Billion
Compound Annual Growth Rate
6.1%
Regions Covered
Global
MARKET OVERVIEW
Mechanical Control Cables: An Introduction
Global Economic Update
World Shifts to an Endemic COVID-19 Strategy with Focus on Multilateral Approach to Managing Future Pandemics
War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond
Inflationary Pressures and Impact on Global Economy
Russia-Ukraine War Impact
World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
Pandemic Dents Prospects in the Aviation Industry
Global Airlines Performance by Region: 2020 Vs 2019
YoY % Change in Revenue Passenger Kilometers (RPK): 2014-2020
Staged Recovery over Long-Term to Boost Prospects
Competition
Mechanical Control Cables - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
A Slowly Recovering Commercial Aviation Industry Amid Continuing Challenges Brightens the Outlook for Aircraft Supply Chain OEMs for 2023
Notable Improvement in Performance across Regions
Break-Even on the Horizon in 2023
Despite a Fairly Encouraging Outlook, Risk Factors Simmer in the Background
Rising Aircraft Orders & Delivery Augur Well for Mechanical Control Cables
Global Commercial Aircraft New Deliveries by Aircraft Type (2022-2041)
Spurt in Air Passenger Traffic and Need for Modern Aircraft Presents Growth Opportunities
Push-Pull Control Systems for Modern Aircraft & Other Applications
Opportunities Improve as the World Steps Up Military Spending Military Land Vehicles and Vessels
Military Aircraft Supply Chain to Benefit from the Unfortunate State of Global Geo-Political Affairs: Military Spending by Top Countries in 2022 (In US$ Billion)
A Strong Aircraft MRO Market to Ensure Steady Demand Flow
Robust Spending on MRO Opens a Parallel Opportunity for Maintaining a Strong MRO Inventory Comprising of Spare/Replacement Parts & Components
Rise in Demand for Premium Economy Seats Augurs Well for Mechanical Control Cables Market
Growth in Aircraft Landing Gears Led by Rise in Passenger Numbers
Asia-Pacific Offers Strong Growth Prospects Led by Increasing Investments in Aviation Sector
Motion Control Cables Take Reliability & Safety to New Levels in Marine Industry
Implications of Technology & Innovation on Cable Controls
FOCUS ON SELECT PLAYERS (Total 78 Featured)
AeroControlex
Bergen Cable Technology, Inc.
Cable Manufacturing & Assembly, Inc.
Cablecraft Motion Controls
Crane Aerospace & Electronics
Drallim Industries Limited
Elliott Manufacturing
Escadean Ltd.
Glassmaster Controls Company, Inc.
Grand Rapids Controls, LLC.
Kuster Holding GmbH
Lexco Cable Mfg.
Loos & Co. Inc.
Orscheln Products
Ringspann GmbH
Sila Group
Triumph Group
Tyler Madison, Inc.
VPS Control Systems, Inc.
Wescon Controls
For more information about this report visit https://www.researchandmarkets.com/r/umpkja
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Attachment
Global Market for Mechanical Control Cables
ResearchAndMarkets.com's Global Mechanical Control Cables Market to Reach $14.8 Billion by 2030 The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 8.3% CAGR Looking Ahead to 2023 What`s New for 2023? Key Attributes: Report Attribute Details MARKET OVERVIEW MARKET TRENDS & DRIVERS FOCUS ON SELECT PLAYERS (Total 78 Featured) About ResearchAndMarkets.com Attachment