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2023

Cable Duct Market

Cable Duct Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, By Material, By End Use Industry : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Electronic Systems and Devices

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Author's: Himanshu Jangra | Sonia Mutreja
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The global cable duct market was valued at $6.2 billion in 2022, and is projected to reach $13.3 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032

Cable ducts are a type of cable management system used to protect and route cables in a safe and organized manner. They are typically made of plastic, metal, or fiber-optic materials and come in various sizes and shapes to accommodate different types of cables. Cable duct trays are used in a wide range of industries, including power transmission, telecommunications, data centers, and manufacturing. The cable duct market is driven by several factors, including rapid urbanization, infrastructure development, and industrialization. The demand for cable management systems is also being fueled by the increase in the need for digital services and data centers, as well as the growth in investments in renewable energy sources such as wind and solar power.

The cable duct market is highly competitive, with several established players and new entrants vying for market share. Companies invest in R&D to develop new and innovative cable ducting solutions such as trench ducts, cable duct ducts, and other cable management systems that meet the evolving needs of their customers. The market is expected to witness significant growth in the coming years with the increase in demand for cable ducts.

Cable Duct Market

The report provides a clear picture of the current market situation and future trends of the cable duct market based on the impact of various market dynamics and vital forces influencing the market. The drivers and opportunities in the market that contribute toward market growth are acknowledged in the market dynamics. Moreover, challenges and restraints that hold the potential to hamper market growth are also premeditated in the cable duct market. Porter's five forces analysis is delivered through the report which precisely highlights the effects of key forces on the cable duct market. The report offers market size and estimations analyzing the cable duct market through various segments.

The global cable duct market is expected to witness notable growth during the forecast period, owing to the increase in demand for power and communication infrastructure. Moreover, the rise in demand for high-speed internet is expected to drive the cable duct market size. Furthermore, the infrastructure development initiatives by governments have been reshaping the future of cable duct industries during the forecast period. 

However, the high initial installation and maintenance costs are one of the prime factors that restrain the cable duct market growth. Furthermore, the growth in demand for smart homes and buildings is projected to provide a lucrative opportunity to expand the cable duct market during the forecast period.

The cable duct market is segmented into Product Type, Material, End-Use Industry, and Region.

Cable Duct Market by Product Type

On the basis of product type, the cable duct market size is bifurcated into flexible cable duct and rigid cable duct. In 2022, the flexible cable duct segment dominated the market in terms of revenue and is expected to follow the same trend during the forecast period.

Cable Duct Market by Material

Based on material, the cable duct market share is fragmented into PVC cable duct, polyethylene cable ducts, fiberglass cable ducts, and others. The PVC cable duct segment accounted for the major share of the cable duct industry, in 2022.

Cable Duct Market by End Use Industry

By end-use industry, the cable duct market forecast is classified into IT and telecommunications, energy and utility, automotive, industrial manufacturing, and others. The IT and telecommunication segment dominated the market in 2022 and is expected to follow the same trends during the forecast period. The energy and utility sector, on the other hand, is expected to grow at a high CAGR during the forecast period. 

Cable Duct Market by Region

On the basis of region, the cable duct market overview are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific, specifically China, remains a significant participant in the cable duct market. There is a growth in cable duct market in the Asia-Pacific region due to rapid urbanization, infrastructure development, industrialization, an increase in demand for digital services and data centers, and investments in renewable energy sources.

COMPETITIVE ANALYSIS

Competitive analysis and profiles of the major global cable duct market players that have been provided in the report include Legrand SA, Schneider Electric SE, Atkore International Group Inc., ABB, Panduit Corporation, HellermannTyton Group PLC, CommScope Holding Company, Inc., TE Connectivity Ltd., Leviton Manufacturing Co. Inc., and Eaton Corporation.

Country Analysis

In North America, the U.S. acquired a prime share in the cable duct market in the North American region in 2022 and is expected to grow at a high CAGR of 7.9% during the forecast period. The U.S. is a major player in the cable duct market, owing to its highly developed infrastructure, strong manufacturing sector, and investments in renewable energy. The country has a large and skilled workforce, which helps it to maintain its competitive edge in the global market.

In Europe, the Germany dominated cable duct market in terms of revenue in 2022 and is expected to follow the same trend during the forecast period. UK is known for its technological innovation and high-quality products, and this is reflected in its cable duct market. The country has a highly advanced manufacturing sector and is home to some of the world's leading companies in the field. Germany also has a strong focus on sustainability, which is driving growth in the renewable energy sector.

In Asia-Pacific, China is emerging as a major player in the cable duct market due to its vast manufacturing capabilities and significant investments in infrastructure development. The country has a large and growing middle class, which is driving demand for better and more efficient cable management systems. Additionally, China is witnessing significant investments in renewable energy sources such as wind and solar power. However, India is expected to emerge as a dominant country in the cable duct market in the Asia-Pacific region. The combination of increasing demand, government policies, technological improvements, and renewable energy solutions have all contributed to India's growth in cable duct lighting.

In LAMEA, Latin America held a significant market share in 2022 owing to the presence of prime vendors in this region. In Latin America, Brazil and Argentina are the leading markets for cable ducts. The region is experiencing rapid urbanization, infrastructure development, and industrialization, which is driving the demand for cable management systems. Furthermore, the region presents opportunities for growth due to increasing investments in renewable energy and rising demand for data centers.

TOP IMPACTING FACTORS

Significant factors that impact the growth of the global cable duct industry include, the growing demand for power and communication infrastructure paired with the rising demand for high-speed internet. Moreover, the infrastructure development initiatives by governments are expected to drive market opportunity. However, the high installation and maintenance costs are acting as one of the prime barriers to early adoption, which hampers the growth of the market. In contrast, the growing demand for smart homes and buildings is expected to offer potential growth opportunities for the cable duct market during the forecast period.

HISTORICAL DATA & INFORMATION

The cable duct market is highly competitive, owing to the strong presence of existing vendors. Vendors of cable duct machines with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in the market is expected to increase as technological innovations, product extensions, and different strategies adopted by key vendors increase.

KEY DEVELOPMENTS/ STRATEGIES

Legrand SA, Schneider Electric SE, Atkore International Group Inc., ABB, Panduit Corporation, and HellermannTyton Group PLC. are the top 5 companies holding a prime share in the cable duct market. Top market players have adopted various strategies, such as product launches, product upgrades, product development, and others to expand their foothold in the cable duct market.

  • In April 2021, Leviton, the nation's leading provider of electrical wiring devices, announced a new partnership with the electrical training ALLIANCE (etA), the nation's largest electrical training organization. With the goal of developing the best-trained and most technically advanced electrical workforce in the world, the five-year agreement will bring funding, training kits, instruction, and technical expertise through traditional and digital training curriculum platforms.
  • In October 2021, Panduit Corp., a global leader in innovative electrical and network infrastructure solutions, announced that it is partnering with startup companies Third Wave and Stroma Vision. These businesses are participating in the mHUB Accelerated Incubation program where Panduit is a corporate sponsor. mHUB is one of the nation's leading independent hard tech innovation and manufacturing centers for startups.
  • In April 2023, ABB accelerated its growth strategy in the U.S.  by investing approximately $170 million and creating highly skilled jobs in manufacturing, innovation, and distribution operations. ABB is committed to growing in the U.S. by investing in its electrification and automation businesses that meet increased demand from industry-leading customers while supporting the clean energy transition and the trend towards reshoring of production. This commitment is highlighted by today's pouring of the concrete foundations for a greenfield drives and services facility in New Berlin, Wisconsin.
  • In September 2022, ABB Installation Products and PFLITSCH, a global leader in cable glands and specialized cable management systems, formed an alliance to develop advanced cable connection and protection solutions for a range of construction, industrial, production, and transportation applications.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cable duct market analysis from 2022 to 2032 to identify the prevailing cable duct market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the cable duct market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global cable duct market trends, key players, market segments, application areas, and market growth strategies.

Cable Duct Market Report Highlights

Aspects Details
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Market Size By 2032

USD 13.3 billion

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Growth Rate

CAGR of 7.8%

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Forecast period

2022 - 2032

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Report Pages

382

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By Product Type
  • Rigid cable duct
  • Flexible cable duct
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By Material
  • PVC cable duct
  • Polyethylene cable duct
  • Others
  • Fiberglass cable duct
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By End Use Industry
  • IT and Telecommunication
  • Energy and Utility
  • Automotive
  • Industrial Manufacturing
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

ABB, HellermannTyton Group PLC, TE Connectivity Ltd., Schneider Electric SE., Atkore International Group Inc., Legrand SA, Leviton Manufacturing Co. Inc., CommScope Holding Company, Inc., Panduit Corporation, Eaton Corporation

Analyst Review

According to the leading CXO, the cable duct market is expected to grow in coming years due to the rise in the need for organized and safe cable management systems in a variety of industries, including power transmission, telecommunications, data centers, and manufacturing. Moreover, the growth in the need for renewable energy sources such as wind and solar power increases the demand for cable ducts, which play an important role in handling the cables used in these systems. PVC and polymer cable ducts are predicted to expand in popularity due to their low cost, durability, and ease of installation. Furthermore, the development of new technologies and materials, such as fiber-optic cables, is expected to drive innovation in the cable duct market, opening new avenues for growth and development.

The global cable duct market is highly competitive, owing to the strong presence of existing vendors. Cable duct vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they can cater to the market requirements. The competitive environment in this market is expected to further intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors.

The rise in demand for cable duct solutions in residential, telecommunication, and industrial sectors applications has witnessed a surge, owing to an increase in demand for renewable energy solutions across emerging as well as developed economies. Moreover, prime economies, such as the U.S., China, Germany, and Japan, plan to develop and deploy next-generation power and communication infrastructure in emerging economies is anticipated to provide lucrative opportunities for market growth.

Among the analyzed geographical regions, Asia-Pacific exhibits the highest adoption of cable ducts and has been experiencing a massive expansion of the market. On the other hand, North America is expected to grow at a faster pace, predicting lucrative growth due to the investments of emerging countries such as the U.S. and Mexico in these technologies. Regions such as the Middle East and Africa are expected to offer new opportunities for the growth of the cable duct market in the future.

Author Name(s) : Himanshu Jangra | Sonia Mutreja
Frequently Asked Questions?

Asia-Pacific is the largest region in the cable duct market.

The global cable duct market was valued at $6.2 billion in 2022, and is projected to reach $13.3 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032.

Significant factors that impact the growth of the global cable duct industry include, the growing demand for power and communication infrastructure paired with the rising demand for high-speed internet.

The flexible cable duct is the leading application of the Cable Duct Market.

Legrand SA, Schneider Electric SE, Atkore International Group Inc., ABB, Panduit Corporation, and HellermannTyton Group PLC. are the top 5 companies holding a prime share in the cable duct market.

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Cable Duct Market

Global Opportunity Analysis and Industry Forecast, 2023-2032