Cable Management Market Overview:
Cable Management Market is expected to garner $25.1 billion by 2022, registering a CAGR of 12.4% during the forecast period 2016-2022. 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 a plethora of features, are available in the new-generation cable management solutions.
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 require efficient fibers as well as strong management structure to support them. The cable management for optical fiber cables provides network reliability, better performance along with bend radius protection, and physical protection. 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 products.
Top Factors Impacting the World Cable Management Market
Rapid Urbanization and Changing Standard of Living Demands Cable Management Systems
The world is moving towards improved standards of living as the developing economies such as South Africa, India, and Brazil, are going through rapid urbanization. The customers are more brand conscious and tend to get attracted towards quality and specifications. The leading manufacturers have identified potential markets in underdeveloped countries that will expectedly increase the demand for cable management solutions. Various cable management products manufacturing companies are setting up their plants in developing countries such as China, India, Singapore, and others. Prysmian and Nexans have shifted their manufacturing plants to China, where the initial investments and cost of labor are low. In addition, changing standards of living has made people aware about hazardous impacts due to exposed wires & cables such as fire and electric shocks.
Cable management products provide solutions for various industries for efficient use of energy and data management. Advancements in technology has driven this market to provide more compact and advanced products that are expected to meet end user requirements. The data centers in IT, high speed connectivity in telecommunication, heat- and temperature-resistant solutions in the aerospace and automobile industries, products with high strength in the construction industry and others are some of the evolved forms of cable management products.
Uncertainty of Raw Material Prices
Cable management products experience negative impact due to fluctuations of raw material prices. Plastic, rubber, copper, and aluminum are some of the most important raw materials required for the manufacture of the cable management products. The prices of these raw materials affect the units of value chain including operation and procurement costs. Due to uncertainties in the raw material prices, the cable management market becomes unpredictable and experiences slow down.
Emerging Markets in BRIC Economies
The BRIC countries are making huge investments in their infrastructure, IT, telecommunication, and automobile which are end users for cable management products. India has revised the rules and regulations for FDI that attracts multinational companies to invest in the Indian market because of its diversity and population. China is the world’s second largest economy and has encouraged Nexans, Prysmian, and other manufacturers in cable management products to set up a plant. Other economies such as Brazil and Russia are also making advances in technology, construction, and other industries.
The cable management market is segmented on the basis of product type, geography, and end-user industry. The product types include cable trays, cable raceways, cable glands, conduits, cable connectors and glands, cable carriers, cable lugs, junction box, and others. The cable conduit is the largest revenue-generating product in the cable management market. The end users of the cable management market include IT & telecommunication, healthcare, marine, mining, manufacturing & automation, aerospace, commercial construction, and others, including transportation, residential construction and government. Furthermore, the market has been studied across key geographic regions such as North America, Europe, Asia-Pacific, and LAMEA.
World Cable Management Market by Geography
The cable management market has been popular in end user industries like home appliances, IT, telecommunication, agriculture, marine, construction and others. Cable management companies like Baosheng, Far East Smarter Energy and others have opened new manufacturing plants in China owing to easy of raw material availability and low labour costs. India is one of the fastest growing economies with high market potential in sectors including IT construction sector, Oil & Gas companies, Automobile manufacturers that facilitates fast growth of cable management products.
The Asia Pacific region is emerging with lots of opportunities for cable management market, owing to huge investments in infrastructure, energy and technology development. The world’s second largest economy, China is preferred for setting up the manufacturing plants by various key players including Prysmian, which is considered as one of the world’s largest cable manufacturer. India is introducing billion-dollar investment projects in infrastructure, energy, telecommunication and others. One of the projects introduced in India is ‘Make in India’, which allows up to 50-100% FDI for manufacturing, IT, construction and others, benefiting the cable management market considering its dependency on these sectors.
- The study provides in-depth knowledge of world cable management market with current and future trends to elucidate opportunities available in the market.
- Current and future trends have been outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
- Quantitative analysis of the current market and forecast during the period of 2015‐2022 have been provided to highlight the financial appetency of the market.
- Porter’s five forces model analysis of the industry illustrates the potency of the buyers and suppliers participating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
CABLE MANAGEMENT MARKET KEY SEGMENTS
- Cable Trays
- Cable Raceways
- Cable Conduits
- Cable Connectors & Glands
- Cable Carriers
- Cable Lugs
- Cable Junction Box
- Others (Trunking Systems, Sleevings, Reels, and Chains)
By End-User Industry
- IT & Telecommunication
- Commercial Construction
- Manufacturing & Automation
- Others (Transportation and Government)
- North America