Cable Glands: An Insight to Prevailing Competition in the Industry.
Cooper Crouse-Hinds, CMP Products and Appleton (Emerson) emerged to be the dominant players in the Cable Glands Market in 2015 with a share nearly above 10%. Both the players also led the hazardous location cable glands market with an approximate share of 18%. The Cable Glands Market is matured, thereby, resulting in the large scale fragmentation of the market due to presence of several small scale local manufacturers. These manufacturers held nearly 57%-58% of the Global Cable Glands Market in 2015.
These players are extensive corporations with considerable amount of other products, equipment and services portfolios which have resulted in a creation of exhaustive network of distribution channels across the globe. The companies are able to leverage the same distribution channels for Cable Glands. This is evident from the Sales Channel Analysis provided in the figure below.
Moreover, the Cable Glands are not monitored commodities under certain sets of regulations which have resulted in the penetration of several low quality suppliers with offerings at much lower prices. Almost all the companies, whether at global or regional level, have significant capabilities to fabricate and offer cable glands for any type of industrial environments, thereby, diminishing the critical factors including integrity of the product and its associated features.
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