COVID-19 Impacts: Cable Assembly Market Will Accelerate at a CAGR of Almost 7% Through 2020-2024 | The Increasing Demand for EVs to Boost Growth | Technavio
Technavio has been monitoring the cable assembly market and it is poised to grow by USD 65.83 bn during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Cable Assembly Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M (News - Alert) Co., Amphenol Corp., BizLink Holding Inc., Cable Manufacturing & Assembly Co. Inc., Corning Inc., Minnesota Wire Company, Molex LLC, RF Industries Ltd., Smiths Group Plc, and TE Connectivity (News - Alert) Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The increasing demand for EVs has been instrumental in driving the growth of the market.
Cable Assembly Market 2020-2024 : Segmentation
Cable Assembly Market is segmented as below:
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Cable Assembly Market 2020-2024 : Scope
Technavio presents a detailed picture of the market y the way of study, synthesis, and summation of data from multiple sources. Our cable assembly market report covers the following areas:
This study identifies the growth in data centers as one of the prime reasons driving the cable assembly market growth during the next few years.
Cable Assembly Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the cable assembly market, including some of the vendors such as 3M Co., Amphenol Corp., BizLink Holding Inc., Cable Manufacturing & Assembly Co. Inc., Corning Inc., Minnesota Wire Company, Molex (News - Alert) LLC, RF Industries Ltd., Smiths Group Plc, and TE Connectivity Ltd. Backed with competitive intelligence and benchmarking, our research reports on the cable assembly market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Cable Assembly Market 2020-2024 : Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Drivers, Challenges, and Trends
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