The global Cable Management System Market is expected to have a CAGR of 8.44% with a market size to be USD 37.98 billion by 2028. The demand for cable management has increased in the coming years especially in the IT & Telecom sector and also in the construction sector.
With the rise in digitalization, there has been a rise in fiber optics and cable wires technology.IT & telecom sector are highly dependent on installing high-performance cable. In addition, government systems are enhancing the growth in the market for the management of the cable in sectors such as Healthcare, IT & Telecom, and Construction. Users can now know the location of systems connection and system capacities due to the advancement in the technologies.
The management of cable has helped in maintaining physical networks which in a way has helped in minimizing the planning process. Effective cable management, it helps in maintaining organization efficiency, as it helps IT & Telecom professionals with the quality of voice, signals, and clarity in the signal. They also help in tracking the cable running in the building structure. A number of developing countries have declared smart city programs, with considerable sums of money being invested in smart housing. Smart homes contain entertainment and lighting control systems, as well as proper power supply protection, improved aesthetics, and security features like alarm systems and access control, all of which necessitate efficient cable management. The rapidly expanding construction industry can be seen as a primary driver of the global cable management system market. A cable management system has emerged as a viable option for all businesses suffering from a variety of financial losses and low productivity. The rapid growth of the construction industry in the BRICS economies has resulted in widespread use of cable management systems around the world. This is bolstered by the growing number of infrastructure and development projects in emerging countries aimed at reviving their building industries.
Global Cable Management System Market is divided into North America, Europe, APAC, Middle East & Africa, and Latin America. North America will have the largest market share with investments in infrastructure projects are high.
Key players operating in the market include Chatsworth Products, Inc.; ABB Ltd.; Eaton Corporation; Atkore International Holdings Ltd.; Legrand SA; and Enduro Composites, Inc. Furthermore, a number of major businesses are pouring money into research and development in order to create and sell cost-effective and dependable management systems. Due to its huge number of manufacturing sites, ABB Ltd. has a high market share
Segment Overview of Cable Management System Market
Product Overview, 2018-2028 (USD Billion)
- Cable Tray
- Cable Ladder
- Raceway
- Cable Trunking
- Cable Conduit
- Cable Connector
- Cable Gland
- Cable Chain and Reel
- Cable Lug and Tools
- Cable Duct
- Others (Cable Tags and Route Markers)
Material, 2018-2028 (USD Billion)
- Metallic
- Non-Metallic
End-Use Overview, 2018-2028 (USD Billion)
- IT & Telecom
- Manufacturing
- Energy and Utility
- Healthcare
- Logistics and Transportation
- Mining
- Oil and Gas
- Construction
Regional Overview, 2018-2028 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East and Africa
- Latin America
o Brazil
o Mexico
o Rest of Latin America