Cable management system market

Cable Management System Market, By Product Type (Cable Tray, Raceway, Floor Duct, Junction Box, Conduit, Connectors, Glands, Cable Chains and Reels, Lugs and Tools, and Others (Cable Tags, Route Markers, etc.)), By End-use Industry (IT & Telecom, Manufacturing, Energy & Utility, Healthcare, Logistics & Transportation, Mining and Others (Residential & Government)), and By Region (North America, Europe, Asia Pacific, Rest of the World) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Jan 2023
CMI4096
130 Pages
Excel & Pdf
Information and Communication Technology

Summary

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 systems market is estimated to account for US$ 16,811.6 Mn in terms of value by the end of 2021 and is expected to grow at a CAGR of 12.1% during the forecasted period (2022-2030).

Market Opportunity

The gradual shift towards robotic cable management can present lucrative growth opportunities

Previously, cable management was performed manually by skilled workers. However, with technological developments and the rising efficiency and reliability of machines, cable management has increasingly become robotic. Over the past five decades, cable management on robots has been overlooked often. A majority of the experts agree that designers regularly make errors in estimating and solving cable management problems. A group of system integrators categorized cable issues as the primary reason behind downtime, at a conference hosted by the Robotic Industries Association (RIA) These issues range from corkscrewed and tangled cables to complete breaks which lead to revenue losses, downtime, and damaged reputations.

Research and development activities can provide major business opportunities

Key players operating in the market are focused on research and development activities, in order to enhance the market presence. For instance, in November 2014, Maxell Industries showcased its product offerings in the cable management segment at the BIG 5 SHOW held at the Dubai World Trade Center in the UAE. Furthermore, in October 2014, Allied Tube & Conduit launched BIM models available through SmartBim for electrical metallic tubing (EMT), intermediate metal conduit (IMC), rigid steel conduit, nipples, and elbows.

Market Restraint

Price fluctuations in raw materials are expected to restrain the growth of the global cable management systems market during the forecast period

There are some key materials required for manufacturing of cable management systems including aluminum, plastics, steel, and copper. The line charts above and below illustrate the monthly volatility rate in the carbon steel and composite steel prices for the past 18 months, respectively. Both types of steel are used in manufacturing cable management products such as cable trays, raceways, floor ducts, conduits, connectors, glands, cable chains and reels, and lugs. Therefore, these factors are expected to restrain the growth of the market during the forecast period.

High market fragmentation at regional levels is expected to hinder the global cable management systems market growth over the forecast period

The global cable management systems market is highly fragmented with the presence of both organized and unorganized players in the market. The presence of a large number of local players poses a significant threat to global cable management system manufacturers. Therefore, high market fragmentation at the regional level hinders the growth of cable management systems globally. Furthermore, regional regulations for manufacturers that differs as per region combined with end users buying patter are expected to hinder the market growth over the forecast period.

Cable Management Systems Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 16,811.6 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	12.1 %	2030 Value Projection:	US$ 46,157.8 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: Israel, GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Product Type: Cable Tray, Raceway, Floor Duct and Junction Box, Conduit, Connectors, Glands, Cable Chains and Reels, Lugs and Tools and Others (Cable Tags, Route Markers, etc.) By End-use Industry : IT & Telecom, Manufacturing, Energy & Utility, Healthcare, Logistics & Transportation, Mining and Others (Residential & Government)
Companies covered:	Cable Management Systems market include 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
Growth Drivers:	The high growth of the construction industry in BRICS countries is expected to drive the growth of the global cable management systems market during the forecast period Renewal and up gradation of existing networks is expected to propel the global cable management systems market growth over the forecast period
Restraints & Challenges:	Price fluctuations of raw materials are expected to restrain the growth of the global cable management systems market during the forecast period High market fragmentation at regional levels is expected to hinder the global cable management systems market growth over the forecast period

Cable Management Systems Market - Impact of Coronavirus (Covid-19) Pandemic:

Owing to Covid-19 almost each and every industry got heavily impacted. In addition to this various norms imposed by the government resulted in the suspension of various businesses. This suspension leads to a halt in the development of Cable Management Systems. Furthermore, there was less workforce available which caused disruptions in the Maintenance of the cable line and the entire Cable Management Systems market got collapsed for a certain time. This impact remains for a long time resulting in a sharp drop in revenues of the cable management system market.

Moreover, delays are created in construction projects due to the imposed lockdown. There was also a shortage of skilled workers and raw materials at the construction sites. According to the CMI study, the cost of skilled construction labor increased during the year 2020-21. Owing to this, the overall cost of construction projects also increased. Thus, the demand for cable management systems was reduced, which has adversely hampered the sale of cable management systems during the COVID-19 Pandemic.

Competitive Scenario

Key players operating in the global Cable Management Systems market include 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.

Recent Developments:

In February 2021, Chatsworth Products, a global manufacturer of solutions and products that protect consumers’ investments in the IT and automation industry, launched ZetaFrame Cabinet, a products that include a wide range of accessories for cable management systems.

Forecasted Asia Pacific is expected to hold a dominant position in the Cable Management Systems Market in 2030

Statistics:

Asia Pacific held a dominant position in the global Cable Management Systems market in 2021, accounting for a 30.1% share in terms of value, followed by North America and Europe respectively

Figure 1: Global Cable Management Systems Market Share (%), By Region, 2021

Asia Pacific is expected to be one of the prominent regions in the global market and witness high growth during the forecast period. This is owing to the increased use of Cable Management Systems in Construction industries.

Figure 2: Global Cable Management Systems Market (US$ Mn) Analysis and Forecast, 2017 – 2030

The Global Cable Management Systems Market was valued at US$ 16,811.6 Mn in 2021 and is expected to reach US$ 46,157.8 Mn by 2030, growing at a CAGR of 12.1% between 2022 and 2030.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on "Global Cable Management Systems Market - Global forecast to 2030”.

Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What is the current Global Cable Management Systems Market size?

The Global Cable Management Systems Market is valued of US$ 16,811.6 Million in 2021.

What is the expected compound annual growth rate (CAGR) of the Market during the forecast period (2022-2030)?

The Market is expected to witness a CAGR of 12.1% during the forecast period (2022-2030).

What is the primary factor contributing to the growth of the Market?

High growth of the construction industry in BRICS countries is expected to drive the growth of the market during the forecast period

What are the growth estimates for Market till 2030?

The Market is estimated to reach US$ 46,157.8 Million by 2030.

Which region held the largest market share in the Market in 2021?

Among regions, the Asia Pacific region held the largest share in the Market in 2021.

Who are the key players operating in the Market?

The market include 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.