Cable Management System Market

Cable management is the installation of cable management systems to secure cables for electrical services in an organization or industry or vehicle. This term is used for products or workmanship. Cable management finds applications in various end-use industries including mining, IT & telecom, healthcare, government, logistics & transportation, residential & government, manufacturing, etc. Products such as raceways, cable trays, and floor ducts are used to support a cable through cabling routes. Cable management further provides end-users with benefits such as labor-saving, cost-saving, increased adaptability, enhanced safety, and low maintenance.

The global cable management market was valued for US$ 16,811.6 Mn in 2021.

Market Dynamics

Urbanization is directly proportional to the economic development of a country. Rising population and urbanization in Asia Pacific region have increased economic activities there, which in turn, has increased the demand for residential and commercial spaces. Increasing the influx of people in cities has increased the demand for basic infrastructures such as roads, bridges, water, sewage, electricity, telecommunication, and public transport. According to Coherent Market Insights’ analysis, BRICS countries account for an average urbanization rate of about 44.0% as compared to the global average of 50.4%. The urbanization rate of BRICS countries is expected to reach 47.0% by 2015, and about 53% by 2020. Therefore, these factors are expected to drive growth of the global cable management systems market during the forecast period. In many mature countries, electrical grid infrastructures have reached tail-end of their operational lifespan. The average lifespan of transformer rages from 25 to 30 years. The aging equipment is incompatible with the technical and environmental requirements of the current times. Therefore, there is a demand for more efficient products and compatible infrastructure in order to help lessen the impact of pollution on the environment. Furthermore, there has been an expansion of services in resource-based industries, ongoing PCB replacement programs, and new green co-generation initiatives. Such initiatives have necessitated the demand for modernization and renewal of installed grids and bases. Hence, these factors are expected to propel the global cable management systems market growth in the near future.

 Key features of the study:

• This report provides an in-depth analysis of the Global Cable Management Systems Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global Cable Management Systems Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the Global Cable Management Systems Market includes Marco Cable Management, Schneider Electric SE, Maxell Industries LLC, Legrand SA, Kripson Electricals, Thomas & Betts Corporation, Allied Tube & Conduit, Chatsworth Products, Inc., TE Connectivity Ltd., TransDelta International Industries LLC, Hilti Group, Oglaend System Group, Enduro Composites, Inc., and Niedax Group..
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global Cable Management Systems market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Cable Management Systems Market

Detailed Segmentation

• Global Cable Management Market, By Product Type:
  • Cable Tray
  • Raceway
  • Floor Duct and Junction Box
  • Conduit
  • Connectors
  • Glands
  • Cable Chains and Reels
  • Lugs and Tools
  • Others (Cable Tags, Route Markers, etc.)
• Global Cable Management Market, By End-Use Industry:
  • IT & Telecom
  • Manufacturing
  • Energy & Utility
  • Healthcare
  • Logistics & Transportation
  • Mining
  • Others (Residential & Government)
• Global Cable Management Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Marco Cable Management
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • Schneider Electric SE,
  • Maxell Industries LLC
  • Legrand SA, Kripson Electricals
  • Thomas & Betts Corporation
  • Allied Tube & Conduit
  • Chatsworth Products, Inc.
  • TE Connectivity Ltd.
  • TransDelta International Industries LLC.
  • Hilti Group
  • Oglaend System Group
  • Enduro Composites, Inc.
  • Niedax Group.