The Global Cable Management System Market, By Product Type (Cable Tray, Raceway, Floor Duct, Junction Box, Conduit, Connectors, Glands, Cable Chains and Reels, Lugs and Tools, and Others (Cable Tags, Route Markers, etc.)), By End-use Industry (IT & Telecom, Manufacturing, Energy & Utility, Healthcare, Logistics & Transportation, Mining and Others (Residential & Government)) and by Region (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2030”, is expected to be valued at US$ 46,157.8 Million by 2030, exhibiting a CAGR of 12.1% during the forecast period (2022-2030), as highlighted in a report published by Coherent Market Insights.
Cable management supports and contains cables during installation. It makes subsequent maintenance or changes to the cable system easier. Products such as cable baskets, cable trays, and cable ladders are used to support a cable through cabling routes. Cable management primarily finds applications across varied end-use applications such as IT & telecom, energy & utility, logistics & transportation, mining, healthcare, government & residential, and manufacturing. Cable management makes maintenance or changes to the cable system easier as it provides support during installation.
The global Cable Management System Market was valued at US$ 16,811.6 Mn in 2021 and is expected to exhibit a CAGR of 12.1% during the forecast period (2022 – 2030).
Key Developments
Major companies in the market are profound to collaboration and partnerships, in order to improve their market presence. In April 2020, Chatsworth Products, Inc., a global manufacturer of products and solutions, join forces with RF Code to deliver integrated wire-free checking and management system for eConnect Power Delivery Units.
Cable Management System Market - Impact of Coronavirus (Covid-19) Pandemic:
Recently, countries such as Saudi Arabia, UAE, and Qatar have undertaken significant infrastructure and building plans this led to increased construction activities in MENA which have benefited many industries including the global Cable Management System Market.
But, The COVID-19 pandemic has adversely affected the construction industry in the MENA market. However, According to the CMI study in 2020, countries in the middle east region such as Iran, Iraq, and Lebanon are worst affected by the COVID-19 pandemic. These mentioned countries have also imposed nationwide lockdowns, which resulted in the halt of construction projects. Owing to the reduced construction activities and demand for cable management systems is also reduced during a pandemic.
Therefore, During the COVID-19 pandemic cable management system market showed slow growth.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/cable-management-system-market-4096
Browse 150 market data tables* and 90 figures* on “Global Cable Management System Market - Global Forecast to 2030”
Key Trends and Analysis of the Global Cable Management System Market:
- Among regions, North America is expected to witness significant growth in the global Cable Management System Market during the forecast period. This is owed to the presence of key manufacturers such as Thomas & Betts Corporation across the region. Furthermore, the high growth of the telecom and IT sectors is expected to drive regional market growth during the forecast period.
- Asia Pacific is expected to register a robust growth rate in the global Cable Management System Market over the forecast period. This is owing to the rapid growth of the transportation and logistics sector across the region. Furthermore, rising applications of cable management systems in the mining and healthcare sector is expected to boost the regional market growth over the forecast period.
- Some of the major players in the global Cable Management System Market are Marco Cable Management, Schneider Electric SE, Maxell Industries LLC, Legrand SA, Kripson Electricals, Thomas & Betts Corporation, Allied Tube & Conduit, Chatsworth Products, Inc., TE Connectivity Ltd., TransDelta International Industries LLC, Oglaend System Group, Enduro Composites, Inc., and Niedax Group.
