What Are The Expected Market Size And Growth Rates For The Mechanical Control Cable Market?
The mechanical control cable market has shown significant growth in recent years, increasing from $10.4 billion in 2024 to $11.06 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this historic growth include the utilization in the renewable energy sector, automated systems in manufacturing, heavy equipment applications, medical device integration, and industrial machinery requirements.
Featuring a bright forecast, the mechanical control cable market size is predicted to grow to $14.21 billion in 2029 at a CAGR of 6.5%. This anticipated growth can be attributed to increased demand from the automotive industry, expansion in the aerospace sector, the growing marine industry, and the rise in construction equipment and automation and robotics demand.
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What Could Propel The Mechanical Control Cable Market Going Forward?
One key driver for the growth of the mechanical control cable market is the increase in air passenger traffic. The rising number of domestic and international flights, resulting in increased aircraft manufacturing, leads to a spike in the use of mechanical control cables in landing gears and aircraft flight control systems. According to the International Air Transport Association (IATA), total passenger traffic increased by 64.4% in 2022 compared to 2021. Therefore, the increased air passenger traffic is a key growth driver of the mechanical control cable market.
What Segments Are Included In The Mechanical Control Cable Market?
1) By Type: Pull-Pull Mechanical Cables, Push Pull Mechanical Cables
2) By Material: Wire Material, Jacket Material
3) By Platform: Aerial, Land, Marine
4) By Application: Engine Control, Auxiliary Control, Landing Gears, Brake Control, Other Applications
5) By End Use: Commercial, Defense, Non-Aero Military
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Which Companies Hold Major Stakes In The Mechanical Control Cable Market?
Major stakeholders in the mechanical control cable market include Triumph Group Inc., Elliott Manufacturing Company, Orscheln Products LLC, Glassmaster Controls Company Inc., Loos & Co. Inc., Bergen Cable Technology, Küster Holding GmbH, Wescon Controls Inc., Tyler Madison Inc., Sila Group S.p.A. and others.
What Trends Are Emerging In The Mechanical Control Cable Market?
Product innovation emerges as a key trend gaining popularity in the mechanical control cable market. Major players are developing innovative products to strengthen their market position. For instance, in February 2023, Belden Incorporated launched Custom Broadcast Enclosures and Panels, along with NewGen CPR-Rated Access Control Cables, enhancing ease, comfort, and signal transmission performance in security installations.
What’s The Regional Analysis Of The Mechanical Control Cable Market?
In 2024, North America was the largest region in the mechanical control cable market. The report covers the mechanical control cable market in regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Mechanical Control Cable Market Report 2025 Offer?
A mechanical control cable refers to a cable or wire that transfers power from one machine component to another. These control cables are utilized for transmitting multi-directional precision mechanical motion control. The Mechanical Control Cable Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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