Global Cable Management System Market

Global Cable Management System Market Size, Share, Growth Analysis, By Type(Cable Trays, Cable Raceways), By End-user(Commercial, Industrial) - Industry Forecast 2023-2030


Report ID: SQMIG20E2072 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 65 | Figures: 75

Global Cable Management System Market Insights

Global Cable Management System Market size was valued at USD 23.30 Billion in 2022 and is poised to grow from USD 23.87 Billion in 2023 to USD 46 Billion by 2031, at a CAGR of 8.5% during the forecast period (2024-2031).

The cable management system market is undergoing strong growth propelled by a rising need for well-organized and efficient cable infrastructure across diverse industries. Factors such as the continual expansion of data centers, increasing uptake of renewable energy, and the continual growth of telecommunications networks are significant contributors to the market's ongoing expansion. Furthermore, the imperative for heightened safety measures and adherence to industry standards serves as an additional catalyst for market growth. Key industry players are actively engaged in innovating and introducing advanced solutions, including cable trays, conduits, and cable connectors. The dominance of Asia-Pacific in the market is attributed to rapid industrialization and urbanization trends in the region. Overall, the cable management system market is positioned for sustained growth in the forthcoming years.

Market snapshot - (2024-2031)

Global Market Size

USD 23.30 Billion

Largest Segment

Cable Conduits

Fastest Growth

Cable Conduits

Growth Rate

8.5% CAGR

Global Cable Management System Market by region
Country Share for North America(%)
Global Cable Management System Market by Type
Global Cable Management System Market by Type

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Global Cable Management System Market Segmental Analysis

The global cable management system market can be segmented into various categories based on factors such as type, end-user, and region. In terms of type, it includes cable trays, cable raceways, cable conduits, cable connectors, and cable glands. Based on end-user, the market is segmented into commercial, industrial, and residential. In terms of region, the market can be divided into regions like North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

Analysis By Type

The predominant segment in the global cable management system market is the cable conduits segment, securing a market share exceeding 30% in 2022. This prevalence is attributed to the escalating demand for cable conduits within the IT and telecom, manufacturing, and energy and utility sectors. The utility of cable conduits lies in safeguarding and directing electrical cables within these industries. In parallel, the cable trays segment emerges as the most rapidly expanding sector within the global cable management system market, exhibiting a noteworthy CAGR of over 6% throughout the forecast period. This surge is fueled by the growing need for cable trays in data centers and server rooms, where they play a pivotal role in organizing and managing cables.

Analysis By End-user

With a market share that will exceed 30% in 2022, the IT and telecoms segment is the largest end-user category in the global cable management system market. This significance stems from the growing number of applications in data centers, telecom networks, and other IT and telecom fields that depend on cables and wires. The construction industry comes in second place as the largest end-user category, with a market share of more than 20% in 2022. This frequency results from the growing use of cables and wires in various construction projects, such as bridges and skyscrapers.

The healthcare industry is the end-user category in the worldwide cable management system market which is growing at the fastest rate. This increase is a result of the growing number of cables and wires being used in hospital equipment, medical gadgets, and other healthcare applications. In addition, the growing use of cables and wires in power plants, transmission lines, and other energy infrastructure projects is expected to fuel the energy segment's strong rise over the projection period.

Global Cable Management System Market by Type, 2022 (%)

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Global Cable Management System Market Regional Insights

North America held a market share of more than 30% in 2022 and accounts for a dominant stance in the global landscape. Robust use of cable management systems in different industry verticals and rapid adoption of advanced digital technologies in this region are contributing to its high market share. The United States and Canada are estimated to be top markets in this region.

Demand for cable management systems is slated to rise at a rapid pace in the Asia Pacific region over the coming years. The growing need for cable management systems in the developing digital infrastructure of this region is slated to propel market growth at a CAGR of more than 12% across the forecast period. India, China, and Japan are predicted to be at the forefront of cable management system market development in the Asia Pacific region going forward.

Global Cable Management System Market by Geography, (2024-2031)
  • Largest
  • Fastest

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Global Cable Management System Market Dynamics

Drivers

  • Rapid Growth in Data Center Infrastructure: The advent of cloud computing and other digital technologies has boosted the demand for data center infrastructure development. With more and more data centers being constructed or existing ones being expanded for more capacity, the use of cable management systems in them is also slated to rise across the forecast period.
  • Energy Efficiency and Sustainability: With a growing focus on energy efficiency and sustainability, organizations are looking for ways to optimize their cable systems. Cable management systems that enable efficient cable routing and reduce the need for excess cabling can help in this regard. As companies aim to minimize energy consumption and reduce their carbon footprint, cable management systems that support these goals become more attractive.

Restraints

  • High Initial Costs: Implementation of an efficient cable management system can be a very capital-intensive task owing to the need for new cable trays, cable conduits, cable ties, etc. This is especially estimated to limit cable management system adoption for small companies with limited spending potential.
  • Technological Complexity: Advancements in technologies push cable management systems to adapt to new types of connectors and cables as well as new regulations. Keeping up with these changes can become hectic and induce additional costs to companies, which in turn, is slated to hurt cable management system demand outlook in the long run.
  • Market Competition and Pricing Pressure: The competitive nature of this market has resulted in products being priced very competitively and this has created pressure on small companies who cannot compete due to their limited profit margins. High availability of cheap alternatives is also slated to hurt market development.

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Global Cable Management System Market Competitive Landscape

The global cable management system market is highly competitive and this makes it an opportune space for new companies. Established cable management system providers maintain their high market share through diverse product portfolios and expansive distribution networks spanning across the world. To preserve their market position, these sector leaders concentrate on acquisitions, strategic alliances, and innovation. Smaller firms like Niedax Group and HellermannTyton also add to the market's competitiveness. The market is being pushed by the growing need across sectors for well-organized cable systems, and competition is driving further technological breakthroughs and more affordable cable management solutions.

Top Player’s Company Profiles

  • Legrand - France
  • Eaton Corporation - Ireland
  • Schneider Electric - France
  • Thomas & Betts (ABB) - Switzerland
  • Panduit - United States
  • HellermannTyton - United Kingdom
  • Atkore International - United States
  • Niedax Group - Germany
  • Chatsworth Products - United States
  • Leviton Manufacturing - United States
  • Marco Cable Management - United Kingdom
  • TE Connectivity - Switzerland
  • Partex Marking Systems - Sweden
  • Apex Cables - Australia
  • Kripson Electricals - India
  • OBO Bettermann - Germany
  • Legrand (US) - United States
  • Hubbell Incorporated - United States
  • CommScope - United States
  • Voestalpine Metsec - United Kingdom

Recent Developments

  • Schneider Electric’s cable management business was acquired by Legrand back in January 2023. for an undisclosed amount. This amount of acquisition was not disclosed and this move helped Legrand expand its cable management product portfolio.
  • HellermannTyton was acquired by TE Connectivity for a value of $8.1 billion. This acquisition will help TE Connectivity to expand its cable management product portfolio and strengthen its position in the European market.

Global Cable Management System Key Market Trends

  • Rise in Data Center Construction: Rapid digitization around the world has led to the creation of new data centers and these data centers are driving up the demand for cable management systems. These establishments have a vast network of wires that can only be managed through cable management systems.
  • Growing Adoption of Cable Management in Healthcare and Manufacturing: Cable management plays a crucial role in enhancing the overall efficiency of different industry verticals by reducing downtime and improving safety as well. The digitization of healthcare and manufacturing sectors is presenting attractive new opportunities for cable management system providers in the long run.
  • Emphasis on Sustainable and Eco-Friendly Solutions: Companies are focusing on improving their sustainability quotient by incorporating different cable management solutions that have a minimal impact on the environment. Recyclable cable management products are slated to be highly popular in the future.

Global Cable Management System Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the global cable management system market is poised for promising growth in the coming years. With increasing investments in infrastructure development, the demand for efficient cable management solutions is expected to surge. Technological advancements, such as smart cable management systems, will further drive market expansion. The growing adoption of renewable energy sources and the expansion of data centers also contribute to the market's positive outlook. Moreover, the emphasis on workplace safety and the need for organized cable networks in smart cities are likely to boost demand. Overall, the Cable Management System Market is set to witness robust growth opportunities in the foreseeable future.

Report Metric Details
Market size value in 2022 USD 23.30 Billion
Market size value in 2031 USD 46 Billion
Growth Rate 8.5%
Base year 2022
Forecast period (2024-2031)
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Cable Trays, Cable Raceways, Cable Conduits, Cable Connectors, and Cable Glands
  • End-user
    • Commercial, Industrial, and Residential
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Legrand - France
  • Eaton Corporation - Ireland
  • Schneider Electric - France
  • Thomas & Betts (ABB) - Switzerland
  • Panduit - United States
  • HellermannTyton - United Kingdom
  • Atkore International - United States
  • Niedax Group - Germany
  • Chatsworth Products - United States
  • Leviton Manufacturing - United States
  • Marco Cable Management - United Kingdom
  • TE Connectivity - Switzerland
  • Partex Marking Systems - Sweden
  • Apex Cables - Australia
  • Kripson Electricals - India
  • OBO Bettermann - Germany
  • Legrand (US) - United States
  • Hubbell Incorporated - United States
  • CommScope - United States
  • Voestalpine Metsec - United Kingdom
Customization scope

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  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Cable Management System Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Cable Management System Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Cable Management System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cable Management System Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cable Management System Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Cable Management System Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Cable Management System Market size was valued at USD 23.30 Billion in 2022 and is poised to grow from USD 23.87 Billion in 2023 to USD 46 Billion by 2031, at a CAGR of 8.5% during the forecast period (2024-2031).

The global cable management system market is highly competitive and this makes it an opportune space for new companies. Established cable management system providers maintain their high market share through diverse product portfolios and expansive distribution networks spanning across the world. To preserve their market position, these sector leaders concentrate on acquisitions, strategic alliances, and innovation. Smaller firms like Niedax Group and HellermannTyton also add to the market's competitiveness. The market is being pushed by the growing need across sectors for well-organized cable systems, and competition is driving further technological breakthroughs and more affordable cable management solutions. 'Legrand - France', 'Eaton Corporation - Ireland', 'Schneider Electric - France', 'Thomas & Betts (ABB) - Switzerland', 'Panduit - United States', 'HellermannTyton - United Kingdom', 'Atkore International - United States', 'Niedax Group - Germany', 'Chatsworth Products - United States', 'Leviton Manufacturing - United States', 'Marco Cable Management - United Kingdom', 'TE Connectivity - Switzerland', 'Partex Marking Systems - Sweden', 'Apex Cables - Australia', 'Kripson Electricals - India', 'OBO Bettermann - Germany', 'Legrand (US) - United States', 'Hubbell Incorporated - United States', 'CommScope - United States', 'Voestalpine Metsec - United Kingdom'

Rapid Growth in Data Center Infrastructure: The advent of cloud computing and other digital technologies has boosted the demand for data center infrastructure development. With more and more data centers being constructed or existing ones being expanded for more capacity, the use of cable management systems in them is also slated to rise across the forecast period.

Rise in Data Center Construction: Rapid digitization around the world has led to the creation of new data centers and these data centers are driving up the demand for cable management systems. These establishments have a vast network of wires that can only be managed through cable management systems.

North America held a market share of more than 30% in 2022 and accounts for a dominant stance in the global landscape. Robust use of cable management systems in different industry verticals and rapid adoption of advanced digital technologies in this region are contributing to its high market share. The United States and Canada are estimated to be top markets in this region.

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Global Cable Management System Market

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