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Published Date: 2016-07-27Number of Pages: 149

Cable Management Accessories Market (Product - Cable Lug, Cable Marker, Heat Shrink Tube; End-use - IT and Telecom, Manufacturing, Energy and Utility, Healthcare, Logistics and Transportation, Mining, Oil and Gas, Construction (Residential, Commercial)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Cable Management Accessories Market: Snapshot

Cable management has gained significant prominence in the past few years since reliance on machines has extensively increased across industries and commercial and domestic dwellings. Consecutively, the demand for efficient cable management accessories such as cable lugs, cable markers, and heat shrink tubes has also considerably increased on a global front.

The market for cable management accessories is being driven by factors such as continued progress in infrastructure development activities, rising demand for electricity, and need for renewing existing power transmission infrastructure in developed countries. The recovering construction industry in European countries and stringent regulations governing installation of cables across many developed regions are also driving the demand for a variety of cable management accessories. In developing regions such as Asia Pacific and Latin America, a sizeable rise in development activities across the energy and public infrastructure sectors and expanding telecommunication networks are favoring the overall growth of the global cable management accessories market.

The market had a valuation of US$1.20 bn in 2015. Transparency Market Research states that over the period between 2016 and 2024, the market will exhibit equally high growth prospects, expanding at a CAGR of 7.2%. The market is expected to rise to a valuation of US$2.23 bn by 2024.


Applications across Manufacturing Sector to Boost Demand for Cable Management Accessories

The manufacturing industry is presently the leading end-use segment for cable management accessories, accounting for over 17% of the market in 2015. The high reliance on complex machineries in the sector requires excellent network of a variety of cables. Stringent regulations overlooking the safety and security aspects of cabled networks, right from their installation to maintenance till the end of their usable lifespan, mandate the need for effective cable management accessories in the manufacturing sector.

Over the next few years, as well, the flourishing manufacturing sector across the globe is expected to remain the dominant demand driver of cable management accessories. The sector is the leading consumer of cable lugs, the cable management accessories, which accounted for a dominant share of nearly 53% in the overall market in terms of product type in the year 2015. As such, the manufacturing sector is one of the leading revenue generators of the market and will continue to command dominance in the near future as well.

Rapid Pace of Industrialization to Create New Growth Opportunities for Cable Management Accessories in Asia Pacific

From a geographical perspective, developing countries across regions such as Latin America and Asia Pacific are the most promising markets for cable management equipment. The rapid pace of industrialization across these regions has significantly boosted the demand for effective cable management accessories in a number of industries. The rapid development observed in the IT industry in Asia Pacific in the past few years has also had a sizeable impact on the overall cable installations in the region, driving the increased need for cable markers, heat shrunk tubes, and cable lugs in the region. In the next few years, increased demand for new construction projects and power transmission lines to support the rapid rate of urbanization will be a key propeller of the market for cable management accessories in Asia Pacific.

The market in Asia Pacific will rise at the highest CAGR of 8.3% from 2016 to 2024, surpassing North America, which will expand at a 7.9% CAGR over the period. North America leads the market presently, accounting for the largest share in the global cable management accessories market in 2015. The market in North America is mostly driven by an increase in utility renewal activities and rapid rate of infrastructure development.

The highly fragmented market features companies such as Legrand SA, Schneider Electric SE, HellermannTyton Group PLC, Thomas & Betts Corporation (ABB Ltd), and TE Connectivity Ltd.

This report on the global cable management accessories market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the cable management accessories market over the forecast period from 2016 to 2024. It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on market growth throughout the forecast period in terms of revenue estimates (in US$ Mn) across different geographies, which include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America (LATAM). Major countries encompassed in the scope of study are the U.K., the U.S., Germany, France, China, India, Saudi Arabia, Brazil and others. A detailed synopsis has been included along with the growth trends under the country snippet segment. 

Cable management accessories are primarily used where large number of wiring connections are required, for instance, in IT, automation industry, telecom sector, and manufacturing and assembly plants. Continued investments in infrastructure and growing global energy demand have further increased the demand for cable management accessories across different industrial verticals. Moreover, renewal and up-gradation of existing networks in mature economies have further positively influenced the growth characteristics of the cable management accessories market. On the contrary, volatility in raw material prices and high fragmentation at regional levels are posing a significant threat for cable management accessories manufacturers. 

This research report provides in-depth analysis of the global cable management accessories market on the basis of end use industry encompassing following end-use industry verticals: IT & telecom, manufacturing, energy & utility, health care, logistics & transportation, mining, oil & gas, and construction. The construction sector is further sub-categorized into residential and commercial infrastructure. In addition, this research report also provides in-depth analysis of the global cable management accessories market based on following product types: cable lug, cable marker, and heat shrink tube. 

Based on geographical regions, the report segments the global cable management accessories market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America; the regions are analyzed in terms of revenue generation. The report provides cross-sectional analysis of the global cable management accessories market in terms of market estimates and forecasts for all segments across different geographic regions. 

The report also includes competitive profiling of major players engaged in the development of cable management accessories. The major business strategies adopted by these players, their market positioning, and their recent developments have also been identified in the research report. This report also provides market positioning analysis of the major players in the cable management accessories market based on their 2015 revenues. Some of the major players profiled in the report include Schneider Electric SE, Legrand SA, Thomas & Betts Corporation (ABB Ltd.), HellermannTyton Group PLC, TE Connectivity Ltd., Chatsworth Products, Inc., Cooper Wiring Devices (Eaton Corporation), Gustav Klauke GmbH, Partex Marking Systems USA, CableOrganizer.com, LLC,. Cembre S.p.A., Anixter Inc., Weidmuller Interface GmbH & Co. KG, and Panduit Corp. 

The global cable management accessories market is segmented as below:

Cable Management Accessories Market: By Product

  • Cable Lug
  • Cable Marker
  • Heat Shrink Tube 

Cable Management Accessories Market: By End-use Industry

  • IT and Telecom
  • Manufacturing
  • Energy and Utility
  • Healthcare
  • Logistics and Transportation
  • Mining
  • Oil and Gas
  • Construction
    • Residential
    • Commercial 

Cable Management Accessories Market: By Region

  • North America
    • The U.S.
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
  • Asia Pacific
    • Japan
    • China
    • India
    • Indonesia
    • Rest of APAC
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Rest of Latin America

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