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QYResearch: Global market of wire marking labels developed rapidly, with consumption CAGR of 4.04%
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QYResearch Wire Marking Labels are a form of wire markers that provide an easy method of identifying various wires and cables. It is critical for locating, upgrading, and repairing electrical, datacom and telecommunication systems. Cable and wire labeling is an upfront cost that saves money and time when changes or repairs need to occur to the systems you work on. They will allow you to quickly ID voice and data lines during troubleshooting or repair. Wire and cable ID labels are available in a range of materials suitable for many different environments or applications.
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QYResearch According to QYResearch, In the last 6 years (2011-2016), global market of wire marking labels developed rapidly, with consumption CAGR of 4.04%. In 2015, Global Market Size of Wire Marking Labels is nearly 810.5 M USD; the actual production is about 2448.3 Million Units. The global average price of Wire Marking Labels is stable with slight decrease trend from 2011 to 2016. With the situation of global economy, prices will be still in slowly decreasing trend in the following five years. Types of Wire Marking Labels include Write-on, Printable wire labels and Pre-printed wire labels, and the proportion of Pre-Printed Wire Labels in 2015 is about 38.88%, and the proportion is in slight increase trend from 2016 to 2021. Wire Marking Labels is widely used in electrical, datacom and telecommunication systems, industrial wire marking system and many other areas. The most proportion of Wire Marking Labels is electrical, datacom and telecommunication systems, with 56.36% market share in 2015.
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QYResearch China is the largest supplier of Wire Marking Labels, with production market share nearly 27.08% in 2015. United States is the second largest supplier of Wire Marking Labels, enjoying production market share nearly 20.95% in 2015. Europe is also is the largest consumption place, with a consumption market share nearly 26.52% in 2015. Following by USA and China, with consumption market share of 25.29% and 22.44%.
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QYResearch Market competition is very intense. There are no monopoly companies in this industry. The big players in the field are 3M, Brady, TE Connectivity, Lapp, Panduit, HellermannTyton, Brother, Lem, PHOENIX CONTACT, Seton, many others like Ziptape, ABB, Silverfox, Gardner Bender, Dymo are also holding a very important position in this market. For companies who want to entry this market, Mastered the related technologies, develop steady downstream consumers and ensure reliable raw material supplement are very important.
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