Elevators Flat Cables Market Research Report Information by Insulation Material, by Voltage Rating (Low Voltage, Medium Voltage, and High Voltage ), by Application, and by Region Industry Forecast Till 2032
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Elevators Flat Cables Market Research Report Information by Insulation Material (PVC Cables, Rubber Cables, Polyurethane Cables, Others), by Voltage Rating (Low Voltage (Below 500V), Medium Voltage (500V to 1000V), and High Voltage (Above 1000V)), by Application (Residential, Commercial, and Industrial), and by Region (North America, Europe, Asia Pacific, Middle East, Africa, and South America) Industry Forecast Till 2032
Market Overview
The elevator flat cable market is expected to reach USD 2,356.2 million by 2023. The global elevator flat cable industry is expected to increase from USD 2,460.0 million in 2024 to USD 3,477.3 million by 2032, with a compound yearly growth rate (CAGR) of 4.4% during the forecast period (2024-2032).
Rapid urbanization and the growth of smart cities are major drivers of the elevator's flat cables. As cities grow, so does the demand for residential, commercial, and industrial buildings. This urban expansion necessitates the construction of high-rise structures and sophisticated infrastructure, which significantly increases demand for elevators. Elevators, in turn, rely on high-quality flat wires to operate efficiently and reliably.
Companies are also focusing on investing and expanding their geographical reach across multiple locations. Prysmian Group recently announced that it had finalized the acquisition of Encore Wire Corporation. The acquisition will help Prysmian strengthen its North American leadership position. Prysmian will benefit from additional cross-selling opportunities, as well as Encore Wire's efficient and innovative manufacturing, distribution, and service capabilities. The transaction further strengthens Prysmian's global presence by increasing the prominence of its North American operations.
Market Segment insights
We divided the insulation materials into the following categories: PVC cables, rubber cables, polyurethane cables, and others.
We divided the voltage ratings into three categories: low voltage (less than 500V), medium voltage (500V to 1000V), and high voltage (more than 1000V).
The market is divided into three categories based on application: residential, commercial and industrial.
Regional insights
The elevator flat cables market in North America, which includes the United States, Canada, and Mexico, is on a strong growth trajectory. This upward tendency is being pushed by technical developments, urbanization, and rising demand for efficient vertical transit networks.
Elevator flat cables have been constructed to meet international safety requirements, improving operational safety and eliminating malfunctioning hazards. The market is expanding as consumers and industry stakeholders become more conscious of the importance of safety and quality. Furthermore, technical improvements in the elevator business are driving demand for elevator flat cable goods in North America. They rely on high-quality flat cables to perform properly, incorporating innovations like smart elevators with predictive maintenance, real-time monitoring, and increased security, among other things.
The demand for high-quality elevator flat cables originates from the necessity for efficient vertical transit systems within large buildings. These ropes ensure that lifts operate smoothly and securely in towering constructions with little space, which frequently require adaptation. France's elevator flat cable industry is being strengthened by both new facility construction and historical site repairs. Cities such as Paris are experiencing urban renovation, with an emphasis on updating existing infrastructure while maintaining architectural legacy.
Major Players
Datwyler IT Infra GmbH, Siemens, Prysmian SpA, Lapp Group, Ultracabwires, Geba Cables, Pevi Cables, Norden Communication, Changshun, and Rolliflex Cables Pvt Ltd are among the leading participants in the Elevators Flat Cables Market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 OVERVIEW
3.2 DATA FLOW
3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
3.5.1 PRIMARY RESEARCH DATA FLOW:
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
3.6.1 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
3.8.1 MICROECONOMIC FACTOR ANALYSIS:
3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 RAPID URBANIZATION AND THE DEVELOPMENT OF SMART CITIES ARE DRIVING THE INDUSTRY
4.2.2 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
4.3.1 REGULAR MAINTENANCE AND POTENTIAL REPLACEMENT COSTS
4.3.2 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITY
4.4.1 GROWING OPPORTUNITIES FOR CUSTOMIZED AND SPECIALTY FLAT CABLES
4.5 COVID-19 IMPACT ANALYSIS
4.5.1 IMPACT ON OVERALL IAE INDUSTRY
4.5.1.1 ECONOMIC IMPACT
4.5.2 IMPACT ON SUPPLY CHAIN
4.5.2.1 IMPACT ON PRICE VARIATION OF KEY RAW MATERIALS
4.5.2.2 PRODUCTION SHUTDOWN
4.5.2.3 CASH FLOW CONSTRAINTS
4.5.2.4 IMPACT ON IMPORT/EXPORT
4.5.3 IMPACT ON MARKET DEMAND
4.5.3.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
4.5.3.2 CONSUMER SENTIMENTS
4.5.4 IMPACT ON PRICING
4.6 OUTLOOK FOR NEW TECHNOLOGY IN ELEVATOR CABLES INDUSTRY
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW COMPONENT/MATERIAL SUPPLY
5.1.2 MANUFACTURE
5.1.3 DISTRIBUTION
5.1.4 END-USE
5.2 PORTER'S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
6 GLOBAL ELEVATOR FLAT CABLES MARKET, BY INSULATION MATERIAL
6.1 INTRODUCTION
6.2 PVC (POLYVINYL CHLORIDE) CABLES
6.3 RUBBER CABLES
6.4 POLYURETHANE (PUR) CABLES
6.5 OTHERS (E.G., TPE, TPU)
7 GLOBAL ELEVATOR FLAT CABLES MARKET, BY VOLTAGE RATING
7.1 INTRODUCTION
7.2 BELOW 500V
7.3 500 V TO 1000V
8 GLOBAL ELEVATOR FLAT CABLES MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 COMMERCIAL
8.3 RESIDENTIAL
8.4 INDUSTRIAL
9 GLOBAL ELEVATOR FLAT CABLES MARKET, BY REGION
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 U.S.
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 FRANCE
9.3.3 UK
9.3.4 ITALY
9.3.5 REST OF EUROPE
9.4 ASIA-PACIFIC
9.4.1 CHINA
9.4.2 INDIA
9.4.3 JAPAN
9.4.4 REST OF ASIA-PACIFIC
9.5 MIDDLE EAST
9.5.1 SAUDI ARABIA
9.5.2 QATAR
9.5.3 UAE
9.5.4 REST OF MIDDLE EAST
9.6 AFRICA
9.6.1 SOUTH AFRICA
9.6.2 NIGERIA
9.6.3 GHANA
9.6.4 REST OF AFRICA
9.7 SOUTH AMERICA
9.7.1 BRAZIL
9.7.2 ARGENTINA
9.7.3 REST OF SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 MARKET SHARE ANALYSIS,
10.3 COMPETITOR DASHBOARD
10.4 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS?
10.5 ANALYSIS OF ELEVATOR PLAYERS
10.6 WHO ARE THE MARKET DISRUPTORS & INNOVATORS?
10.7 COMPARATIVE ANALYSIS: KEY PLAYERS FINANICAL
10.8 COMPETITOR DASHBOARD
10.9 THE LEADING PLAYER IN TERMS OF THE NUMBER OF RECENT DEVELOPMENTS IN THE MARKET
10.10 KEY DEVELOPMENTS & GROWTH STRATEGIES
10.10.1 PRODUCT LAUNCH AND DEVELOPMENTS
10.10.2 EXPANSION
10.10.3 PARTNERSHIP
10.10.4 MERGER AND ACQUISITION
10.10.5 ANNOUNCEMENTS
10.10.6 ACHIEVEMENTS
10.10.7 EVENTS
10.10.8 AWARD
11 COMPANY PROFILES
11.1 ROLLIFLEX CABLES PVT. LTD.
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGIES
11.2 FLEXON CABLES
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGIES
11.3 NORDEN
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS OFFERED
11.3.4 KEY DEVELOPMENTS
11.3.5 SWOT ANALYSIS
11.3.6 KEY STRATEGIES
11.4 HELUKABEL GMBH
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGIES
11.5 ULTRACABWIRES
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS
11.5.6 KEY STRATEGIES
11.6 DATWYLER IT INFRA GMBH
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGIES
11.7 SIEMENS
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 SWOT ANALYSIS
11.7.6 KEY STRATEGIES
11.8 PRYSMIAN S.P.A
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 SWOT ANALYSIS
11.8.6 KEY STRATEGIES
11.9 LAPP GROUP
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 SWOT ANALYSIS
11.9.6 KEY STRATEGIES
11.10 BNK (SHANGHAI BST ELECTRIC CO., LTD.)
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 SWOT ANALYSIS
11.10.6 KEY STRATEGIES
11.11 CHANGSHUN (SHANGHAI CHANGSHUN ELEVATOR CABLE CO., LTD.)