The global write-on cable labels market size is anticipated to inflate on account of its ability to solve time consuming work and ease the whole process for consumers, shares Fortune Business Insights™, in its report, titled, “Write-On Cable Labels Market, 2022-2029.”
Write-on cable labels equipment makes installation more efficient. Before the augmentation of cable marking and labelling equipment, sharpie pens were the only source of identification used by maximum installers. They used to quickly scribble numbers on both ends of the cable, which was a quick and inexpensive process that later the installers found unreliable. Later, manufacturers developed innovative and advanced techniques for write-on cable labels, which found great success among users.
For instance, 3M offers write-on cable markers called Scotchcode™. This product provides users the liberation to create personalized labels. The white vinyl film labels contain adhesive which is sensitive to pressure. The Scotchcode™ is handy and there is an ease in identifying wire and cables. It has a vast variety of applications in various fields, such as plumbing, electrical cables, for household purpose, and automotive equipment.
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Highlights of the Report
The report provides a thorough study of the market segments and a detailed analysis of the market overview. A profound evaluation of the current market trends, as well as the future opportunities is presented in the report. It further shares an in-depth analysis of the regional insights and how they shape the market growth. The COVID-19 impacts have been added to the report to help investors and business owners understand the threats better. The report sheds light on key players and their prominent strategies to stay in the leading position.
Market Segment
On the basis of type, the global write-on cable labels market is divided into self-laminating cables and heat shrink cables.
Based on the application, the market is further segmented into electronics and industrial.
With a geographical point of view, the market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
COVID-19 Impact
The COVID-19 pandemic bestowed upon the world affected the majority of the industries financially which resulted in the shutting down of few companies, thereby reducing the production operations and manufacturing segments of the plant. The stringent government norms imposed on travelling and transportation disrupted the supply-chain cycle, declining the demand for write-on cable labels in the market. With only essential supply of goods and ban on unnecessary movement, the lockdown has had an enormous impact on the Indian label industry which is in a frozen condition, financially. According to the government instruction, only few companies have been able to continue their operation processes with 20%- 25% of worker attendance. Although manufacturing companies have been allowed to function at 50% capacity, the majority of the label printing companies are permitted to have attendance of 15%- 20% of its total employees.
Although all this commotion caused by the coronavirus has slowed the market, moderate growth was observed in the second half of 2020, with a high potential for progress foreseen in the future.
Market Drivers
Extensive Durability of Write-on Cable Labels to Promote Market Growth
Write-on cable labels are majorly demanded in the electronic industry due to their genuine utilization for marking purposes. The labels are highly durable, flexible, and temperature-resistant in nature which further makes them ideal for use in electronics, industrial equipment manufacturing, automating plants, IT, and for repairing and maintaining.
On the other hand, the availability of other pre-printed labels and cheaper alternatives are expected to hamper the market growth. For example, PDC Healthcare offers a wide variety of pre-printed laboratory labels to ease the communication process, set forth a warning, give crucial instructions, to comply, for protection purpose, as an identification source, documentation, and to organize a laboratory for ensuring smooth and efficient functioning of it. The pre-printed labels are available in bright, highly visible colours and a bold easy-to-read text.
Regional Insights
North America to Ace the Market Backed by Surging Data Centers and Electronic Industry
North America is anticipated to hold the majority of the shares in the global write-on cable labels market and maintain its leading position. This is on account of the rising number of data centers in this region and a budding electronic sector. This is estimated to further promote the regional growth.
Asia Pacific is expected to witness considerable growth on account of presence of major electronic manufacturing companies and electrical manufacturers in this region. It holds the second-largest share in the write-on cable labels market. This is expected to further bolster the demand for write-on cable labels in this region.
Europe is estimated to showcase significant growth owing to the rapidly rising urbanization in this region. This is further expected to fuel the demand for write-on cable labels in the European region.
Competitive Landscape
Acquisitions Proposed by Prominent Players to Stimulate Further Growth
Prominent players in the market are on a constant lookout for efficient strategies to bolster their brand value, as well as boost the growth of their products with facing least possible hurdles. Among many, one such efficient strategy is acquiring competitive companies and further securing a profit for both the companies.
For instance, in March 2021, Panduit, a leading player in the write-on cable labels market, announced the launch promotion of MP300, which is a mobile label printer and the company claims it to be the ideal solution for labelling issues in the labelling sector.
Industry Development
August 2019: TE Connectivity, a major provider of sensors and connectivity, launched a white vinyl, which utilizes UL and CSA certified base materials. White vinyl labels can be used widely in several situations from identifying cables to applications in security and anti-counterfeit. The labels contain tamper-proof technology, which leaves a footprint when they are peeled off. This is estimated to further bolster the demand for write-on cable labels in the near future.
List of Key Players Covered in the Write-on Cable Labels Market Report
- TE Connectivity
- Lem
- Panduit
- 3M
- Phoenix Contact
- Seton Lapp
- Ziptape
- Brady
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