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2020

Cable Management Market

Cable Management Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and End User : Global Opportunity Analysis and Industry Forecast, 2020-2027

SE : Semiconductors

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Author's: Shantanu Sachan | Sonia Mutreja
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Cable Management Market Outlook - 2027

The global cable management market size was valued at $18.31 billion in 2019, and is projected to reach $35.02 billion by 2027, registering a CAGR of 7.9% from 2020 to 2027. 

Cable management plays an important role in electricity and data transmission. The insulation and installation of cables in electronic devices or communication systems to avoid detrimental situations is referred as cable management. The design of present cable management systems is quality oriented as well as functional. Varieties such as cable trays, conduits, raceways, optical fiber channels, and others, with different features, are available in the new-generation cable management solutions.

Cable management Market

Ongoing developments in infrastructure, telecommunication, and the need for repair and maintenance of the existing technology foster the growth of the cable management market. However, intense competition among the domestic players and fluctuating raw material prices create a gap in standardizing the quality of the products. This market offers lucrative opportunities for investments and development in the future.

The cable management market share is expected to garner a significantly during the forecast period. Increase in demand due to technological advancements, commercialization of renewable energy, and widespread of various industrial verticals drives the cable management market growth in this segment. However, lack of standardization for price of raw material hinders the cable management market growth. On the contrary, surge in investment in the Asia-Pacific region, and growth of IT & telecom sector offers lucrative opportunities to the market.

The types of conduit popular amongst end users are steel conduits, rigid metal conduits, flexible metallic conduits, and PVC conduits. Steel conduits protect electrical conductors and wiring system. More than 50.0% of the manufacturing and industrial facilities in the U.S. use steel conduits including areas with hazardous and corrosive conditions either indoors, outdoors, or underground. Rigid Metal Conduit (RMC) possesses the thickest wall among other steel conduits and is the heaviest amongst all. RMC is resistant to corrosion owing to zinc coatings in its interior and exterior. It is used in indoor, outdoor applications, as well as applications that are exposed or concealed. Therefore, the cable management market trends influences the growth.

The report focuses on the growth prospects, restraints, and trends of the cable management market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the cable management market.

Segment Overview

The cable management market is segmented into type, end user, and region. By type, it is divided into cable trays, cable raceways, cable glands, conduits, cable connectors and glands, cable carriers, cable lugs, junction box, and others. By end user, it is classified into IT & telecommunication, healthcare, marine, mining, manufacturing & automation, aerospace, commercial construction, and others, including transportation, residential construction and government. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Top Impacting Factors

Commercialization of renewable energy

Renewable energy is generation of energy through natural resources. Biomass, geothermal power, hydroelectricity, solar energy, and wind power are some of the forms of renewable energy. The developments regarding commercialization of renewable energy boost the growth of the cable management market. Companies such as HellermannTyton, Legrand, and others have taken initiative in solar energy management, hydroelectric power generation, and wind turbines. Products such as UV resistance for durable solar plants, metal ties for wind turbines, SA47-HT heat shrinkable tubing for offshore wind turbines, and Cablofil wire mesh tray for renewable power application have been launched. Even though the cost of investment is high, the need for healthy environment and reduction of dependency on conventional resources has made 144 countries to be committed toward renewable energy. The overall scenario facilitates the growth of the cable management market.

Cable Management Market
By Type
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Cable Lugs segment is projected as one of the most lucrative segments.

Surge in investment in Asia-Pacific

Huge investments are made in infrastructure and construction by industries in the BRIC countries, which has resulted into boosting their economy. Brazil, Russia, India, and China are the developing countries that are expected to experience growth. The BRIC countries are anticipated to account for 41.0% of the world’s market capitalization by 2030. India is attracting world leaders as it has low tax on investments and is also a potential market due to its increasing population. These developments have attracted key market players to invest in the cable management market. For instance, Nexans and Prysmian are expanding their boundaries in India and China.

Cable Management Market
By End Use
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IT & Telecommunication segment generated the highest revenue in 2019.

Competitive Analysis

The key players profiled in the cable management market include Eaton, Chatsworth Products, ABB Group, Schneider Electric, Legrand, Atkore International, Leviton Manufacturing Co., Inc, Panduit, Nexans, Prysmian Group, and among others. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.

Cable Management Market
By Geography
2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 9.5% during 2020-2027

Key Benefits for Stakeholders 

  • The study provides an in-depth analysis of the global cable management market forecast along with the current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the global cable management market size is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2019 to 2027 is provided to determine the market potential.

Cable Management Market Report Highlights

Aspects Details
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By Type
  • Cable Trays
  • Cable Raceways
  • Cable conduits
  • Cable connectors and glands
  • Cable Carriers
  • Cable lugs
  • Cable junction box
  • Others
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By End User
  • IT & Telecommunication
  • Construction
  • Healthcare
  • Energy
  • Manufacturing & automation industry
  • Marine industry
  • Mining Industry
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Nexan, ABB, PANDUIT, Leviton Manufacturing Co., Inc., Eaton, SCHNEIDER ELECTRIC, LEGRAND, LLC., PRYSMIAN GROUP, Chatsworth Products, Atkore International

Analyst Review

Cable management provides power distribution, safety, customization, communication, and low maintenance, which makes it efficient. It also reduces the deployment time of systems, optimizes cable bandwidth, and provides maximum cable density. Service providers construct networks with high bandwidth worldwide, which requires 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 market has a steady demand for cable management products and is expected to continue to lead the market. The adoption of cable management systems is significant in energy and construction as well, where cabling protection is most important. Companies are launching compact solutions with minimum maintenance & installation cost, which has helped consumers to embrace cable management.

The global cable management market has promising growth in future. Rise in industrialization has facilitated the adoption of cable management products for various applications including in corrosive conditions, hazardous area location, renewable energy, and others. Cable management products provide security and maintenance of wires& cables in industries, which has become an integral part for any organization. Companies are providing innovative and compact cable management solutions, to avoid harmful impacts led by exposed wires & cables. Moreover, emerging countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities during the forecast period. The global players are focusing toward product development and increasing their geographical presence, owing to growth in competition among local vendors, in terms of features, quality, and price. 
 

Author Name(s) : Shantanu Sachan | Sonia Mutreja

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Cable Management Market

Global Opportunity Analysis and Industry Forecast, 2020-2027