Press release
Global Cable Management Market to Expand at 11.80% CAGR 2014-2020, Driven by Recovering Construction Sector
Cable management involves installation of cable management products to secure cables for data communication and electrical services in a building, organization, vehicle, or industry. The term ‘cable management’ is used for products or workmanship. Proper cable management in an infrastructure can help effectively troubleshoot the problems occurring in cable systems and provide enhanced support in the installation process. Furthermore, cable management offers end users benefits such as cost savings, enhanced safety, improved adaptability, and low maintenance.
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The global cable management system market is driven by the significant growth of the construction industry in BRICS countries. Moreover, the major infrastructure development projects in the MENA region and the recovering construction sector in developed economies will also fuel the global cable management system market. In addition to this, the global cable management system market will benefit from the increase in energy demand, the renewing of existing networks in mature markets, and the rising bandwidth requirements. Nevertheless, the volatility in raw material prices will continue to challenge the global cable management system market during the forecast period.
On the basis of product type, the global cable management system market is segmented into cable lugs and tools, cable chains and reels, cable glands, cable connectors, cable conduit, floor duct and junction box, raceway, cable tray, and others. The cable tray segment dominated the market in 2013 and is projected to continue its dominance in the coming few years. By end use, the global cable management system market is divided into mining, logistics and transportation, healthcare, energy and utility, manufacturing, IT and telecom, and others.
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According to region, the global cable management system market is classified into Asia Pacific, Europe, North America, and Rest of the World (RoW). In 2013, the North America region dominated the global cable management system market and held more than 25% of the revenue in the global cable management market. The North America market for cable management systems benefits from the consistent infrastructural developments taking place in this region. On the other hand, the Rest of the World and Asia Pacific markets for cable management systems will be driven by factors such as the rapid industrialization, economic development, and upgradation of infrastructure observed in the region.
Companies in the global cable management system market will benefit from the opportunity presented by the shift towards robotic cable management. The key players profiled in this report are Maxell Industries, Marco Cable Management, TE Connectivity, Kripson Electricals, and Enduro Composites.
Key segments of the global cable management system market
Global Cable Management System Market, By Product Type
Cable Tray
Raceway
Floor Duct and Junction Box
Cable Conduit
Cable Connectors
Cable Glands
Cable Chains and Reels
Cable Lugs and Tools
Others (Cable Tags and Route Markers)
Global Cable Management System Market, By End-use Industry
IT & Telecom
Manufacturing
Energy & Utility
Healthcare
Logistics & Transportation
Mining
Others (Residential, Government, Hospitality, Critical Infrastructure, Retail)
Global Cable Management System Market, By Region
North America
Europe
Asia Pacific
Rest of the World (RoW)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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