The global cable management system market has been anticipated by researchers at Transparency Market Research (TMR) to accommodate a large presence of regional companies that has made products such as cable conduits, raceways, and trays indistinguishable in the industry. As a result, the purchase of these products in the global cable management system market could be only based on price point. Raw material suppliers have been prophesied to play a significant part in the supply chain with proximity and timely delivery considered as key factors.
Thomas & Betts Corp., Schneider Electric SE, Eaton Corporation, Atkore International Holdings Ltd., and Legrand SA could be key manufacturers in the global cable management system market. New product development could be a major consumer base expansion strategy operable in the global cable management system market. For instance, in 2015, HellermannTyton launched the concept of Product Promoter.
According to a report penned by TMR, the world cable management system market has been expected to draw a revenue of almost US$34.0 bn by 2024. In 2016, the world cable management system market had raked in just over US$16.0 bn. The world cable management system market could maintain a CAGR of 9.8% for the forecast period 2016–2024. Cable conduit has been prognosticated to be a faster growing product in the world cable management system market growing at a 10.5% CAGR. North America could account for a stronger share of over US$10.0 bn in the world cable management system market by the final forecast year.
BRICS Economies Attract Lucrative Demand from Growing Construction Sector
The international cable management system market has been prophesied to gain dominance in terms of demand on the back of a telling growth in the construction sector of BRICS economies. Economic activities in Asia Pacific have received a significant thrust due to rising urbanization and population. Russia and Brazil could raise the hopes of vendors in the international cable management system market on account of the scheduling of global events such as the FIFA World Cup and Olympic Games.
Continued investments for conducting replacement and expansion activities in the public and energy infrastructure sectors coupled with snowballing energy demand have been envisaged to stimulate growth in the international cable management system market.
Other factors that could drive demand in the international cable management system market are the improving construction industry in developed regions, key infrastructure development undertakings in the Middle East and North Africa (MENA), upgradation and renewal of current networks in mature regions, and faster-growing bandwidth requirements.
Volatility in Raw Material Prices Challenges Optimum Production
Manufacturers in the worldwide cable management system market have been envisioned to encounter a challenge in the form of volatile raw material prices for producing at optimum cost. Besides this, the high fragmentation of the cable management system market at regional levels could delay growth. However, the recent adoption of robotic cable management in organizations that entertain high machine reliability has been foretold to offer profit-making opportunities in the worldwide cable management system market.
The information presented in this review is based on a TMR report, titled, “Cable Management System Market (Product Type - Cable Tray, Cable Ladder, Raceway, Cable Trunking, Cable Conduit, Cable Connector, Cable Gland, Cable Chain and Reel, Cable Lug and Tools, Cable Duct, and Cable Tags and Route Markers; Material Type - Metallic and Non-metallic; End-use Industry - IT and Telecom, Manufacturing, Energy and Utility, Healthcare, Logistics and Transportation, Mining, Construction (Residential and Commercial), and Oil and Gas) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
The global cable management system market has been segmented as presented below:
Global Cable Management System Market: By Product
- Cable Tray
- Cable Ladder
- Cable Trunking
- Cable Conduit
- Cable Connector
- Cable Gland
- Cable Chain and Reel
- Cable Lug and Tools
- Cable Duct
- Cable Tags and Route Markers
Global Cable Management System Market: By Material
Global Cable Management System Market: By End-use Industry
- IT and Telecom
- Energy and Utility
- Logistics and Transportation
- Oil and Gas
Global Cable Management System Market: By Region
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Asia
- Rest of APAC
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America
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