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Global Cable Glands Market to Reach $2.8 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Cable Glands estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027. Brass, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$1.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Plastic / Nylon segment is readjusted to a revised 5.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $551.1 Million, While China is Forecast to Grow at 7.5% CAGR
The Cable Glands market in the U.S. is estimated at US$551.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$577.6 Million by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$374.4 Million by the year 2027.

Stainless Steel Segment to Record 3.2% CAGR
In the global Stainless Steel segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$195.7 Million in the year 2020 will reach a projected size of US$238.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.1% CAGR through the analysis period.