Cable Management System Market, by Product Type (Cable Trays, Cable Trunks, Cable Conduits, Boxes, Connectors and Distribution Boards, Others), Material (Metallic, Non-Metallic), End Use Industry (IT & Telecom, Manufacturing, Energy & Utilities, Healthcare, Oil & Gas, Public Infrastructure, Commercial, Residential, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

Cable Management System Market Analysis:

Cable management system is the systematic arrangement of cables and wires used for communication services or electrical services in a building, vehicle, organization, and industry. Multiple cable management systems are installed in order to maintain smooth traceability of specific cables and connections. A synchronized and proper deployment of cable systems helps in avoiding detrimental situations and facilitates by providing improved lifecycle of data assets of communication systems. They also facilitate telecommunication systems inventory management, increasing the overall organizational efficiency. In occurrence of any electrical and communication systems related problems they allow the organization to easily track the faulty line, which further could be smoothly replaced due to availability of proper management systems. Cable management systems play a vital role in various industries like power distribution, information technology (IT), and communications owing to easy tracking of the cables. Further, they can be used to supply air conditioning in offices as well as residential set ups. Also, due to cable management system’s enhanced fire performance capabilities and high resistance properties, they are massively used for underground network constructions. Cable management systems thus help organizations to reduce operational, labour and maintenance costs, and increase safety and adaptability.

Growing adoption, increased industrial development and stringent government standards are the major factors driving the market growth

Growing adoption of cable management systems by industrial and commercial sectors for fulfilling the need for enhanced safety, flexibility, and improved aesthetics is propelling the market growth. Rapid advancements and up gradations in IT sector and telecommunication networks are requiring extensive usage of these systems. Ongoing developments to improve the prevailing network and cable systems is also fueling the market growth. Rise in digitalization and wide adoption of coaxial cables and fiber-optic cables for faster network connectivity and higher stability has increased demand for cable management systems. Further, major investments inflow towards development of a robust technological infrastructure has also helped the market to grow. Opening up of new industries which majorly depend on electrical and telecommunication services has created a surge in the demand for cable management systems globally. Also, stringent government standards and regulations like EN61537, IEC SC 23A, and NFPA 70, which aim at efficient management of communication and power cable, has facilitated the market’s growth. 

Fluctuation in raw material prices to hinder the market growth

One of the major factors hampering the market growth of the cable management system market is the volatility of the raw material prices. Major raw materials used in cables are plastic, copper, rubber, and aluminum. The fluctuation in prices occur due to availability, government rules and taxes, global demand and supply, and various other factors. This directly increases the procurement prices and operational costs and negatively affects the market growth by forcing a rise in the prices of finished cable management system products.

Growing population, rising urbanization and increasing popularity of smart homes to create lucrative market opportunities

Rising population and increasing urbanization has led to development of massive modern residential structures to facilitate the population with the latest technologies at high speeds, increased stability, and high efficiency. Growing development of residential set ups has developed a lucrative opportunity for the market growth. Also, continuous growth in population will keep on increasing the demand for such residential buildings and it will directly increase the market growth. Further, rising demand of smart homes or smart home technologies across the globe has increased demand for cable management systems. Smart homes comprises of advanced technology installed in home for various purposes like lighting control, entertainment, temperature control, and other technologies. They provide power supply safety, alarm systems and other safety measures, and enhanced aesthetics which require massive installation of cable management systems. Rising consumer spending power and increased adoption for better and enhanced technological systems has increased demand for smart homes, and directly created an opportunity for market’s growth.

Cable Management System Market, by Product Type:

Conduits segment will be the most lucrative by the end of 2027

Conduits segment will have a dominating share in the global market and they are expected to register a significant revenue during the forecast timeframe. Growing adoption and installation activities by sectors like healthcare, oil and gas, public infrastructure, and manufacturing is driving the market growth. There are multiple variables of conduits available such as rigid metal conduits, PVC conduits, steel conduits, and flexible metallic conduits amongst which steel conduits are the most adopted and widely used. Further, owing to the wide range of benefits such as physical protection to conductors, EMI shielding, competitive lifecycle costs, and high tensile strength are propelling the market growth.

Cable Management System Market, by Material:

Metallic segment to hold the largest market share

Metallic material segment is anticipated to hold the largest market share in the cable management system market during the forecast period. Wide use and major applications in manufacturing, oil and gas, automotive, healthcare and other industries is fueling the market growth. They are majorly used for applications which require durability, installation in adverse surroundings, and high material strength. They possess enhanced abilities to protect pneumatic hoses and hydraulics, sensors in corrosive environments, and instrumentation tubing. Owing to these benefits and capabilities of metallic materials, their demand is growing massively.

Non-metallic segment to grow at a fast pace

Non-metallic segment is expected to grow at a fast pace in the cable management system market during the forecast timeframe. Rising demand from the end use industries like communication, pharmaceutical, oil and gas, chemical, and electrical is driving the market growth. Non-metallic materials for cables possess great tensile strength and resistance from high temperatures and chemicals. They are highly apt and ideal for adverse conditions in commercial and industrial applications. Further, they provide benefits like ultra-violet-ray resistance and corrosion resistance. Due to these features of the non-metallic materials, their demand is propelling in the global market.

Cable Management System Market, by End Use Industry:

IT and telecom sector to hold the largest market share 

IT and telecom sector is anticipated to hold the largest market share in the cable management system market during the forecast period. Growing demand for data communication and high performing, stable, and fast network is driving the market growth. Growing investments in technological infrastructure is facilitating development of IT and telecom sector, directly causing a rise in the demand for cable management systems. Further, technological advancements and latest upgradation like 5G network services will create lucrative opportunities for the market growth.

Energy and utilities sector to grow at a significant rate

Energy and utilities sector is expected to grow at a significant rate in the cable management system market during the forecast timeframe. Growing urbanization, industrialization, and digitalization have led to increased demand for power and utilities, positively impacting the sector’s growth in the cable management system market. Further, growing demand for heat shrinks and cable connectors for wind turbines, solar plants, renewable energy networks, underground power networks, and power networks is going to fuel the market growth. Due to the system’s resistance to flames, adverse conditions, high temperatures, and sunlight they are being widely adopted across the globe by energy and utilities sector.

Cable Management System Market, by Region:

North America region to hold the largest market share

North America region is anticipated to hold the largest market share in the cable management system market during the forecast period. The robust technological infrastructure, high government standards, developed IT and telecom sector, and growing demand for smart homes in the region is driving the market growth. Further, high investments made for upgrading the prevailing technological infrastructure in the region has fueled the market growth.

Asia-Pacific to grow exponentially during the forecast period

Asia-Pacific region is expected to grow at a significant rate in the cable management system market during the forecast timeframe. Growing urbanization, massively increasing population, government investments to upgrade technological infrastructure, increasing demand for better telecom services, and rising customer purchasing power to propel market growth. Further, high demand for data centers and IT facilities is fueling the market growth. Also, growing investments in renewable power sources such as harvesting solar energy by countries such as India, China, South Korea, Japan, and other South-East Asiatic countries will create major opportunities for market growth.

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Key Participants in the Global Cable Management System Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Some of the significant cable management system market players include LEGRAND, ABB, Schneider Electric, Chatsworth Products, NEXANS, Atkore International, Leviton Manufacturing Co., Inc., Panduit, Prysmian Group, and Eaton.

Market players prefer inorganic growth strategies to expand into local markets. 

Cable management system market players are highly emphasizing on acquisition & merger and advanced product development. These are the frequent strategies followed by established organizations. To emphasize more on the competitor analysis of market players, the porter’s five force model is explained in the report.

Source: Research Dive Analysis