Cable Stripping Machine Market Insights Video

According to Cognitive Market Research, the global Cable Stripping Machine Market size was USD 561.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 224.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 168.45 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 129.15 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 28.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 11.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
• The automotive category is the fastest growing segment of the Cable Stripping Machine industry