The Cable Management system market is projected to witness exponential growth rate during the projected period. According to analysts’ estimate the Cable Management market is anticipated to grow at a CAGR of 12.3% during 2016-2022. The insulation, as well as installation of cables within communication systems or in electronic devices in order to avoid detrimental situations, is being referred to as cable management system. Rapid growth in the construction sector is the key factor driving the global cable management system market. Gradually, the global construction sector is regaining strength after undergoing a prolonged period of sluggishness due to the scenario of the financial crisis. In 2015, the global construction market was valued $8.5 trillion, up from $7.5 trillion in 2010. As per United Nations Environment Programme “Global Construction 2020”, the value of overall construction market is projected to hit $12 trillion by 2020. Over the next decade, around $97.7 trillion is estimated to be spent on construction globally. Along with it by 2020, the construction industry is expected to account for 13.2% of global GDP. Furthermore, wide application of cable management system across industries has also attributed extensively towards the growth of the global market. Cable management system has found its application across IT & telecommunication, manufacturing & automation, marine, mining, commercial, construction, healthcare, energy and various other industries including transportation.
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Technological advancements and lower installation costs are likely to act as a high impact rendering drivers for the global cable management system market. Temperature & heat resistant solutions in automobile & aerospace industries, high-speed connectivity in telecommunication, products with high strength in the construction sector and data centers in IT are some of the advanced forms of cable management products. However, volatile raw materials prices are hampering the growth of the global cable management system market. Copper, plastic, aluminum and rubber are the major raw materials that are being commonly used for manufacturing cable management products. Fluctuations in the price of these raw materials affect the operation & procurement costs which in turn influences the overall cost of the cable management product. Due to such factors, the cable management market becomes unpredictable as well as experiences minimal growth rate.
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MARKET SEGMENTATION
CABLE MANAGEMENT MARKET BY VERTICALS
- MANUFACTURING & AUTOMATION
- IT & TELECOMMUNICATION
- MINING
- MARINE
- COMMERCIAL
- CONSTRUCTION
- HEALTHCARE
- ENERGY
- OTHERS
CABLE MANAGEMENT MARKET BY PRODUCT TYPE
- CABLE CONDUIT
- CABLE TRUNKING
- CABLE TRAY
- CABLE CARRIERS
- CABLE RACEWAYS
- CABLE LUGS
- CABLE CONNECTORS & GLANDS
- CABLE JUNCTION BOX
- OTHERS
COMPETITIVE LANDSCAPE
- KEY STRATEGIES
- KEY COMPANY ANALYSIS
REGIONAL ANALYSIS
NORTH AMERICA
- UNITED STATES
- CANADA
- REST OF NORTH AMERICA
EUROPE
- UNITED KINGDOM
- FRANCE
- GERMANY
- ITALY
- SPAIN
- REST OF EUROPE
ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- REST OF ASIA PACIFIC
REST OF THE WORLD
COMPANY PROFILES
- ALLIED TUBE & CONDUIT CORPORATION
- ATKORE INTERNATIONAL HOLDINGS INC.
- BAOSHENG GROUP
- CABLE MANAGEMENT PRODUCTS LTD.
- CHATSWORTH PRODUCTS, INC.
- COOPER INDUSTRIES
- FAR EAST SMARTER ENERGY CO. LTD.
- GRIPPLE LTD.
- HELLERMANNTYTON GROUP PLC
- HOUSTON WIRE & CABLE CO.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
