CABLE MANAGEMENT SYSTEM MARKET ANALYSIS

Market Challenges And Opportunities

Market Opportunity

The gradual shift towards robotic cable management can present lucrative growth opportunities

Previously, cable management was performed manually by skilled workers. However, with technological developments and the rising efficiency and reliability of machines, cable management has increasingly become robotic. Over the past five decades, cable management on robots has been overlooked often. A majority of the experts agree that designers regularly make errors in estimating and solving cable management problems. A group of system integrators categorized cable issues as the primary reason behind downtime, at a conference hosted by the Robotic Industries Association (RIA) These issues range from corkscrewed and tangled cables to complete breaks which lead to revenue losses, downtime, and damaged reputations.

Key players operating in the market are focused on research and development activities, in order to enhance the market presence. For instance, in November 2014, Maxell Industries showcased its product offerings in the cable management segment at the BIG 5 SHOW held at the Dubai World Trade Center in the UAE. Furthermore, in October 2014, Allied Tube & Conduit launched BIM models available through SmartBim for electrical metallic tubing (EMT), intermediate metal conduit (IMC), rigid steel conduit, nipples, and elbows.

Market Restraint

Price fluctuations in raw materials are expected to restrain the growth of the global cable management systems market during the forecast period

There are some key materials required for manufacturing of cable management systems including aluminum, plastics, steel, and copper. The line charts above and below illustrate the monthly volatility rate in the carbon steel and composite steel prices for the past 18 months, respectively. Both types of steel are used in manufacturing cable management products such as cable trays, raceways, floor ducts, conduits, connectors, glands, cable chains and reels, and lugs. Therefore, these factors are expected to restrain the growth of the market during the forecast period.

 High market fragmentation at regional levels is expected to hinder the global cable management systems market growth over the forecast period

The global cable management systems market is highly fragmented with the presence of both organized and unorganized players in the market. The presence of a large number of local players poses a significant threat to global cable management system manufacturers. Therefore, high market fragmentation at the regional level hinders the growth of cable management systems globally. Furthermore, regional regulations for manufacturers that differs as per region combined with end users buying patter are expected to hinder the market growth over the forecast period.