WILMINGTON, Del., Aug. 8, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Cable Management
Market by Type (Cable trays, Cable raceways, Cable
glands, Conduits, Cable connectors and glands, Cable carriers,
Cable lugs, Junction box and Others), End user (IT &
telecommunication, Healthcare, Marine, Mining, Manufacturing &
automation, Aerospace, Commercial construction and Others): Global
Opportunity Analysis and Industry Forecast, 2024-2032".
According to the report, the cable management market was valued at
$27.6 billion in 2023, and is
estimated to reach $64.7 billion by
2032, growing at a CAGR of 10% from 2024 to 2032.
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- 118-Tables
- 65-Charts
- 250-Pages
Prime determinants of growth
The prominent factors that drive the growth of the cable
management market include increasing demand from the data centers
and the expansion of IT & telecom industries. However, factors
such as high installation costs as well as the investment required
for the production are expected to hamper the cable management
market growth. Furthermore, the integration of IoT and automation
in cable management systems enhances monitoring, maintenance, and
operational efficiency, creating new market
opportunities.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2032
|
Base
Year
|
2023
|
Market Size in
2023
|
$27.6 billion
|
Market Size in
2032
|
$64.7
billion
|
CAGR
|
10 %
|
No. of Pages in
Report
|
250
|
Segments
Covered
|
Type, End User, and
Region.
|
Drivers
|
- Increase in demand for data centers
- The expansion of IT and telecom
industries
- Rapid urbanization and infrastructure
development, including smart cities and
industrialization
|
Opportunities
|
- The growing emphasis on sustainable and green
building certifications
|
Restraint
|
- High costs associated with cable
management
|
Segment Highlights
The demand for cable conduits segment in cable management market
is driven by the need for enhanced protection and organization of
electrical and data cables. Cable conduits provide a secure pathway
that shields cables from physical damage, moisture, and chemical
exposure, ensuring long-term reliability and safety. They are
essential in environments with high electrical and mechanical
stress, such as industrial facilities, commercial buildings, and
infrastructure projects. In addition, the rise in construction
activities, urbanization, and stringent safety regulations further
boost the adoption of cable conduits, making them a critical
component in modern cable management solutions.
The demand for IT and telecommunication segment in cable
management market is on the rise due to the rapid expansion of
digital infrastructure, driven by increasing internet usage, mobile
device proliferation, and the surge in number of data centers.
Efficient cable management is crucial for maintaining organized,
reliable, and high-performance network systems, which are essential
for supporting large-scale data transfer and connectivity. The
deployment of 5G networks and advancements in cloud computing
further amplify the need for robust cable management solutions to
handle complex cabling requirements, minimize downtime, and ensure
seamless communication and data flow in IT and telecommunication
facilities.
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Regional Outlook
In North America, the U.S.
attained the highest market share in the cable management market
due to its advanced technological infrastructure, extensive
urbanization, and significant investments in data centers and
telecommunication networks. The country's rapid adoption of smart
technologies, IoT, and 5G networks necessitates efficient cable
management systems to support complex and large-scale cabling
needs. In addition, stringent safety regulations and standards,
coupled with a strong focus on workplace safety and energy
efficiency, drive the demand for high-quality cable management
solutions.
Key Players:
- Eaton
- Chatsworth Products
- ABB Group
- Schneider Electric
- Legrand
- Atkore International
- Leviton Manufacturing Co., Inc
- Panduit
- Nexans
- Prysmian Group.
The report provides a detailed analysis of these key players in
the global cable management market. These players have adopted
different strategies such as new product launches, collaborations,
expansion, joint ventures, agreements, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
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Recent Development:
- In October 2023, CableEZ, an AV
cable management solutions firm, launched its 2 Gang Model for
commercial and educational spaces. The product is designed to
accommodate various installation types, including installation over
a one- or two-gang input plate, wall transmitter, and standalone
installation. It consists of two main components, the back ring and
the cover plate, with the latter available in black, white, or
custom color options.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market
segments, current trends, estimations, and dynamics of the cable
management market analysis from 2024 to 2032 to identify the
prevailing cable management 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 Routing, Cable Handling,
and cable management market segmentation assists to determine
the prevailing market opportunities.
- Major countries in each region are mapped according to their
revenue contribution to the global Wire Management
market.
- Market player positioning facilitates benchmarking and provides
a clear understanding of the present position of the market
players, and cable management company list.
- The report includes the analysis of the regional as well as
global cable management market trends, cable management market size
by country, cable management market share by companies, cable
management industry report, cable management market value,
Cable Management Growth Drivers, cable management
market insights, key players, market segments, application areas,
and market growth strategies.
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Tables, and Figures) @
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Cable Management Market Key Segments:
By Type
- Cable trays
- Cable raceways
- Cable glands
- Conduits
- Cable connectors and glands
- Cable carriers
- Cable lugs
- Junction box
- Others
By End User
- IT & telecommunication
- Healthcare
- Marine
- Mining
- Manufacturing & automation
- Aerospace
- Commercial construction
- Others
By Region
- North America (U.S.,
Canada, Mexico)
- Europe (France, Germany, Italy, Spain,
UK, Rest of Europe)
- Asia-Pacific (China, Japan,
India, South Korea, Australia, Rest of Asia-Pacific)
- LAMEA (Latin America,
Middle East, Africa)
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