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Cable Duct Market Competitive Insights, Trends and Demand 2021 to 2025
Global Cable Duct Market Size, Status and Forecast 2021-2025The Cable Duct market report is the most important research for who looks for complete information on the Cable Duct market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Cable Duct market scenario, and feasibility study are the vital aspects analyzed in this report.
The Cable Duct Market was valued at USD 5.554 million in 2019 and is expected to reach USD 7.253 million by 2025, at a CAGR of 4.55% over the forecast period 2020 - 2025.
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Top Leading Companies of Global Cable Duct Market are Atkore International Inc., Legrand SA, Schneider Electric SE, ABB Ltd., Aliaxis Group, Mitsubishi International Corporation, Eaton Corporation PLC, Robroy Industries, Anamet Electrical Inc., Barton Engineers Ltd., Wheatland Tube Co., HellermannTyton Corp and others.
The leading players of the Cable Duct industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed based on production volume, gross margin, market value, and price structure. The competitive market scenario among Cable Duct players will help the industry aspirants in planning their strategies. The statistics offered in this report will be a precise and useful guide to shape business growth.
Key Market Trends
Growing Construction Industry is to Play a Dominant Role
- The construction industry grew at a steady rate of 3.7%, in 2018, and is expected to gain momentum, over the next five years. As per consensus forecast, in 2018, the US construction industry is expected to grow at 4%, with the residential sector poised to record the highest growth of 6%, whereas, the non-residential and non-building sectors are expected to record growth rates of 2% and 4%, respectively.
- Rising investments in real estate and infrastructure development activities is a major factor responsible for the steadfast growth of the global cable duct market. Besides this, surging demand from data centers and IT facilities and rapid urbanization are also propelling expansion in the global cable duct market. Foreign Direct Investment (FDI) received in Construction Development sector (townships, housing, built-up infrastructure, and construction development projects) from April 2000 to March 2019 stood at USD 25.05 billion in India, according to the Department of Industrial Policy and Promotion (DIPP).
- Besides, during the first five months of this year, construction spending amounted to USD 498.8 billion, 0.3 percent (1.3 percent) below the USD 500.3 billion for the same period in 2018. The highest growth rate is observed in the US hotel construction industry. With the expansion in the construction industry, a rise in the demand for cable ducts is expected, thus leading to the growth of the market studied.
Asia-Pacific to Witness Fastest Growth
- The growth in Asia-Pacific is attributed to the rapid infrastructure building activities being undertaken in the region, mainly in China and India. In these countries, rural areas are being converted into urban areas and these countries will collectively be responsible for more than a 50% share of the growth in the construction industry by the end of 2020.
- Moreover, the increasing projects in the field of electrification and power supply in these regions also provide ample opportunity for the growth of the electrical conduit pipe market.
- Additionally, in India, the initiatives (such as excise duty exemption for Ferro-silicon-magnesium and pig iron used for manufacturing components for wind-operated electric power generators as well as the target set by the Jawaharlal Nehru National Solar Mission to generate more than 1,00,000 MW of solar power by the end of 2022) are expected to boost the demand for electrical wires and cables.
- With this continuous growth in the building and construction industry, along with the increase in demand for renewable sources of energy, the demand for electrical conduit pipes is expected to increase over the forecast period.
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Crucial Elements from the Table of Contents of Global Cable Duct Market:
- Cable Duct Market Overview
- Global Cable Duct Market Competition, Profiles/Analysis, Strategies
- Global Cable Duct Capacity, Production, Revenue (Value) by Region (2016-2021)
- Global Cable Duct Supply (Production), Consumption, Export, Import by Region (2016-2021)
- Global Cable Duct Market Regional Highlights
- Industrial Chain, Sourcing Strategy, and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Market Decisions for the present scenario
- Global Cable Duct Market Forecast (2021-2025)
- Case Studies
- Research Findings and Conclusion
The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Cable Duct Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. The Cable Duct industry report additionally presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
- Free Country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.
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sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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