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Global Tie Gun Market 2017-2021

Global Tie Gun Market 2017-2021

About Tie Gun

A tie gun is a type of fastener tool used to hold items together. It tightens the cable ties and tears off the unused portion of ties with the help of predetermined tension applied to the knob of the tie gun. Also, when tearing off the excess cable tie, the tie gun ensures that it does not result in a sharp end, thus preventing injuries to the user. 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.

Technavio’s analysts forecast the global tie gun market to grow at a CAGR of 3.14% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global tie gun market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of several types of tie guns, which include automatic, manual, and pneumatic tie guns.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Tie Gun Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Apex Tool Group (ATG)
  • Eastwood
  • Greenlee
  • Panduit
Other prominent vendors
  • Avery Dennison
  • Electriduct
  • Elenco Electronics
  • FACOM
  • Gardner Bender
  • HellermannTyton
  • Nelco Products
  • Thomas & Betts
  • Yueqing Highsail Electric
  • Yueqing Xuankang Electric
Market driver
  • Increasing demand for metal detectable cable ties
  • For a full, detailed list, view our report
Market challenge
  • Problems related to maintaining the tensile strength of cable ties
  • For a full, detailed list, view our report
Market trend
  • Increasing demand for hand tools and power tools
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Tie Gun Market 2017-2021

Technavio recognizes the following companies as the key players in the global tie gun market: Apex Tool Group (ATG), Eastwood, Greenlee, and Panduit.

Other Prominent Vendors in the market are: Avery Dennison, Electriduct, Elenco Electronics, FACOM, Gardner Bender, HellermannTyton, Nelco Products, Thomas & Betts, Yueqing Highsail Electric, and Yueqing Xuankang Electric.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for hand tools and power tools. The global tie gun market is growing because of an increasing demand for hand tools and power tools. This is because tie guns can be used as hand tools as well as power tools in industries. The global hand tools market generated a revenue of more than $9 billion in 2016 and will grow at a CAGR of more than 7% during the forecast period.”

According to the report, one driver in the market is increasing demand for metal detectable cable ties. The global tie gun market is growing because of an increasing demand for metal-detectable cable ties. These cable ties are primarily used in industries like food and beverage and pharmaceuticals. The products manufactured in these industries are sealed with metal detectable cable ties, which prevent the goods from being contaminated. The global pharmaceutical industry is expected to grow at a rate of more than 5% during the forecast period.

Further, the report states that one challenge in the market is problems related to maintaining the tensile strength of cable ties. The tensile strength of a cable tie determines its resistance to breaking under tension. It is critical for cable tie manufacturers to maintain the minimum tensile strength of a cable tie to avoid breakage under tension. The Military Standards and Specification of the US states the criteria used to achieve standardization objectives for cable ties. These standards list the following steps to maintain the tensile strength of a cable tie at an optimum level.

Companies Mentioned

Apex Tool Group (ATG), Eastwood, Greenlee, Panduit, Avery Dennison, Electriduct, Elenco Electronics, FACOM, Gardner Bender, HellermannTyton, Nelco Products, Thomas & Betts, Yueqing Highsail Electric, and Yueqing Xuankang Electric.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Tie gun components
      • Table Steps while using tie gun
      • Table Global industrial scenario in 2016-2021
  • Market landscape
    • Market overview
      • Table Global tie gun market segmentation
    • Market size and forecast
      • Table Global tie gun market 2016-2021 ($ millions)
      • Table Revenue generated from global nylon cable ties production 2011-2016 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global tie gun market by product type
      • Table Global tie gun market by product type 2016 (% revenue)
      • Table Global tie gun market by product type 2016-2021 (% revenue)
      • Table Global tie gun market by product type growth rate 2017-2021 (%)
    • Global automatic tie gun market
      • Table Global automatic tie gun market 2016-2021 ($ millions)
      • Table Global power tools market 2016-2021 ($ billions)
    • Global manual tie gun market
      • Table Global manual tie gun market 2016-2021 ($ millions)
      • Table Manual cable tie guns based on the weights carried by cable ties
      • Table Global hand tools market 2016-2021 ($ billions)
    • Global pneumatic tie gun market
      • Table Global pneumatic tie gun market 2016-2021 ($ millions)
  • Geographical segmentation
    • Global tie gun market by geography
      • Table Global tie gun market by geography 2016 (% revenue)
      • Table Global tie gun market by geography 2016-2021 (% revenue)
      • Table Global tie gun market by geography growth rate 2017-2021 (%)
    • Tie gun market in the Americas
      • Table Tie gun market in Americas 2016-2021 ($ millions)
      • Table Automobile production in North America 2012-2016 (millions)
      • Table Light vehicles sales in the US 2009-2016 ($ billions)
    • Tie gun market in APAC
      • Table Tie gun market in APAC 2016-2021 ($ millions)
      • Table Cable tie manufacturers in China
      • Table Cable tie manufacturers in Taiwan
    • Tie gun market in EMEA
      • Table Tie gun market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Cable ties based on the material used
      • Table Cable ties based on applications
    • Market challenges
      • Table Tension adjustment procedure of tie gun
      • Table Storage conditions for cable ties
      • Table Steps to maintain the tensile strength of cable ties
  • Market trends
    • Rising industrial use of tie guns
      • Table Percentage of population living in urban cities in 2016
      • Table Global automobile production 2010-2016 (millions of vehicles)
    • Growing e-commerce market
      • Table Major online cable tie suppliers
    • Increasing demand for hand tools and power tools
  • Vendor landscape
    • Competitive scenario
    • Apex Tool Group (ATG)
      • Table Apex Tool Group: Recent developments
    • Eastwood
      • Table Eastwood: Business segmentation
    • Greenlee
      • Table Greenlee: Recent developments
    • Panduit
      • Table Panduit: Business segmentation
      • Table Panduit: Recent developments
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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