Europe Cable Management Market Expected to Reach $9,476.9 Million By 2031

According to a new report published by Allied Market Research, titled, “Europe Cable Management Market By Product Type, End User, Type, and Sales Channel: Country Opportunity Analysis and Industry Forecast, 2021–2031”, the Europe cable management market size was valued at $5,110.8 million in 2021, and is projected to reach $9,476.9 million by 2031, registering a CAGR of 6.45% from 2022 to 2031.  

Cable management provides power distribution, safety, customization, communication, and low maintenance, which makes it efficient. It reduces the deployment time of systems, optimizes cable bandwidth, and provides maximum cable density. Service providers construct networks with high bandwidth worldwide, which require efficient fibers as well as strong management structure to support it. The cable management for optical fiber cables provides network reliability, better performance along with bend radius protection, and physical protection.

Cable management solutions are mostly used in IT & telecommunication to protect data centers and communication cables. The IT & telecommunication sector has a steady demand for cable management products and is expected to continue to lead the Europe cable management market. The adoption of cable management systems is significant in energy and construction as well, where cabling protection is most important. Companies launch compact solutions with minimum maintenance & installation cost, which help consumers to embrace cable management. According to Europe cable management market analysis, the cable conduits segment was the highest contributor to the market in 2021. The retail stores and supermarket/hypermarket segments collectively accounted for around 72.4% market share in 2021. 

The outbreak of COVID-19 has significantly impacted the growth of the Europe cable management market share in 2020, owing to the significant impact on prime players operating in the supply chain. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdowns, globally.

Key Findings of the Study

• In 2021, by product type, the cable conduits segment accounted for maximum revenue and is projected to grow at a notable CAGR during the forecast period.
• By end user, the IT and Telecommunication segment was the highest revenue contributor to the Europe cable management market.
• In terms of type, the metallic segment accounted for the largest market share in 2021 and is expected to follow the same trend during the forecast period.
• By sales channel, the retail stores segment accounted for the largest share in 2021 and is expected to follow the same trend during the forecast period.
• The UK accounted for the highest market share during 2021, and is expected to follow the same trend during the forecast period.

The Europe cable management market key players profiled in the report include Legrand SA, Schneider Electric SE, Thomas and Betts Corporation (ABB Ltd.), Marco Cable Management, Hellermann Tyton, NIEDAX GROUP, Vantrunk International, Panduit, Eaton Corporation, Polypipe, Wienerberger, and Frankische. These market players have adopted various strategies, such as product launches, collaborations & partnerships, joint ventures, and acquisitions to expand their foothold in the Europe cable management industry