Mechanical Control Cables Market Growth Analysis

Market Insights

The Mechanical Control Cables Market was estimated at US$ 9.5 billion in 2021 and is expected to grow at a CAGR of 5.5% during 2022-2028 to reach US$ ~12.3 billion in 2028.

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What are mechanical control cables?

Cables that offer a push-pull or other action to activate components mechanically are known as mechanical control cables. They are made up of a mechanical cable with fittings like handles, forks, studs, and eyes connected. Mechanical control cables may be referred to as push-pull control cables or pull-pull mechanical control cables, depending on the type of motion used. For applications involving push-pull or pull-pull, mechanical control cables are available. Compression pushes motion in one direction while tension pulls it in the case of push-pull mechanical control cables. Electrical, hydraulic, and pneumatic control systems can all be replaced by push-pull mechanical control cables. Pull-pull mechanical control cables use tension to apply motion in one direction and spring actuation to reverse the control's motion.

Market Dynamics

The growing fleet of commercial airplanes is having a considerable positive impact on the global market for mechanical control cables. For the purpose of enabling mechanical functions, mechanical control cables push or pull. The mechanical control cables are completed with a variety of different fittings, including connection pins, throttle arms, handles, forks, spring mounts, and eyes. Pull-pull mechanical control cables and push-pull mechanical control cables are two more names for mechanical control cables based on the motion they use. In contrast to pull-pull mechanical control cables, which are utilized in applications like position adjustment where tension is needed for the transmission force, push-pull mechanical control cables are employed in hydraulic, pneumatic, and electrical systems.

Covid-19 Impact

The government-imposed shutdown following the COVID-19 outbreak has caused makers of mechanical control cables to suspend operations. The government's efforts to stop the spread of COVID-19 are causing supply chain interruption, which is causing short-term operating challenges for automakers. Due to a scarcity of workers brought on by travel restrictions put in place by the government to prevent the COVID-19 epidemic, mechanical control cable manufacturing enterprises are obliged to postpone ongoing product development initiatives.

Additionally, there is a lack of tools and raw materials available to the aircraft industry. Due to the worldwide travel restrictions put in place to stop the spread of COVID-19, airlines are suffering financial losses from paying maintenance services without receiving any reimbursement.

Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are:

• Aircraft landing gears and flight control systems require mechanical control cables. Additionally, the mechanical control cable used in aircraft has high mechanical efficiency and little backlash, both of which are necessary for precise control. To meet the projected 4.3 percent annual growth in air traffic, Airbus has produced a worldwide aircraft market projection estimating the need for around 39,000 additional aircraft over the next 20 years. In economies where the aviation business is expected to expand in the future, an increase in air passenger traffic will result in a greater need for commercial aircraft. The market for mechanical control cables is anticipated to develop as a result of this expansion in the aviation sector.
• Throttle control, brake engagement, power take-off management, engine choke, clutch management, drive management, and speed selection are just a few of the many functions carried out by mechanical control systems in cars. To drive military vehicles precisely and effectively under challenging outside conditions, they need sturdy mechanical control wires. General Dynamics Land Systems, a military vehicle manufacturing division of General Dynamics with its headquarters in Michigan, received a contract from the US Army in 2018 for the upgrade and modification of 116 IAV Stryker vehicles for about 258 million USD (an eight-wheeled armored fighting vehicle). The market for mechanical control cables will be driven by such investments in military vehicles.

Segments Analysis

By Material Type

It is predicted that the wire material segment would account for the higher CAGR in the mechanical control cables market for aerospace and defence in 2020. Wires constructed of copper or aluminum might have a single conductor or many non-insulated conductors. The flexible stranded conductors used in aviation wires are insulated with a variety of materials and layers for heat protection, abrasion resistance, moisture resistance, and fluid resistance. Applications involving flight control, engine control, auxiliary control, and landing gear require a variety of wiring materials and mechanical cables.

By End-Use Type

It is predicted that the commercial segment would have the biggest market share in 2020. The commercial end-use market is anticipated to be driven by an increase in new commercial aircraft deliveries in the Asia Pacific as well as modernization and maintenance initiatives. The size of the commercial aircraft fleet is growing along with air travel. This is anticipated to fuel the aftermarket for mechanical control cables. Boeing Commercial Market Outlook 2019 predicts that by 2038, there will be 50,660 commercial aircraft in operation, up from 25,830 in 2018. One of the main reasons propelling the expansion of the mechanical control cables aftermarket is anticipated to be this rise in the fleet.

Regional Analysis

Geographically speaking, North America accounted for the highest market share in 2020. Mechanical control cables for the military and aerospace have a sizable prospective market in North America. Because most of the improvements in this region are aimed at improving the infrastructure already in place, such as the purchase of armored vehicles for the army and navy, North America might be considered a mature market. The US alone accounted for a 36 percent share of global military spending in 2019, according to SIPRI's Trends in World Military Expenditure Database. Foreign shipbuilding businesses can take advantage of lucrative economic prospects in the nation's offshore industry. Thus, one of the most important reasons that will enhance the market for shipbuilding-related mechanical components is the expansion of the US shipbuilding sector. The market for mechanical control cables will be driven by this need.

Key Players

There is stiff competition in the mechanical control cables market. The growth of the companies is directly dependent on industry conditions and government support. These companies differentiate their mechanical control cables based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:

• According to several military rules, mechanical control cables must adhere to MIL-DTL 83420L, 87161F, 18375H, 87218D, and 83140A, among other standards. Private specifications for mechanical control cables include the Douglas Material Specifications (DMS) 2187 and 2192 and the Boeing Material Specifications (BMS) 7-265. Mechanical control cables are made to comply with a lot more requirements. The thickness, length, and maximum push-pull stresses that the mechanical control cables must be able to withstand are some of the parameters to be considered.

The overall competitive landscape has been affected due to these mergers and acquisitions. The following are the major players in the mechanical control cables market:

• AeroControlex
• Elliott Manufacturing
• Orscheln Products
• Glassmaster Controls Company, Inc.
• Loos & Co. Inc.
• Crane Aerospace & Electronics
• Triumph Group
• Escadean Ltd.
• Sila Group
• Bergen Cable Technology, Inc.
• Cable Manufacturing & Assembly, Inc.
• Wescon Controls
• Tyler Madison, Inc.
• Drallim Industries Limited
• Grand Rapids Controls, LLC.
• Cablecraft Motion Controls
• Ringspann GmbH
• Lexco Cable Mfg.
• VPS Control Systems, Inc.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

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