Cable Management Accessories Market is Thriving in 2021

The global cable management accessories market was valued for US$ 1573.5 Mn in 2019 is expected to exhibit a CAGR of 7.9% during the forecast period.
Cable management accessories are physical systems that help to minimize planning process by adequately maintaining documented physical networks. These accessories are crucial in the majority of industrial applications to avoid financial losses and ensure high productivity. Company owners, especially from manufacturing domain, invest significantly in high-end cable management systems to maintain efficient electrical services in organizations. By reassessing surplus items, cable management accessories aid in improving lifecycle of data assets of telecommunications. Moreover, these systems manage telecommunication inventory to provide organizational efficiency. Cable management accessories also provide enhanced performance, functional flexibility, and safety. Moreover, these accessories help to avoid business damages. Manufacturers in the market are introducing novel accessories with lightweight yet durable materials, especially for the aerospace industry.

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Which are the prominent cable management accessories market players across the globe?
Major players operating in the global cable management accessories market include Partex Marking Systems USA, Cooper Wiring Devices (Eaton Corporation), Schneider Electric SE, Chatsworth Products, Inc., Legrand SA, Weidmuller Interface GmbH & Co. KG, Thomas & Betts Corporation, Anixter Inc., HellermannTyton Group PLC, Panduit Corp., TE Connectivity Ltd., Cembre SpA, Klauke GmbH, and CableOrganizer.com LLC.

What are the key factors driving growth of the cable management accessories market?
High demand for energy and constant investments in infrastructure is one of the major factors that is expected to propel growth of the market over the forecast period.

Which region held the largest market share in the cable management accessories market?
Among regions, North America is expected to hold a dominant position in the global cable management accessories market in 2019, accounting for 30.7% share, in terms of value, followed by Europe and Asia Pacific, respectively.

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