Global Cable Management System Market Size, Share, Growth Analysis, By Type(Cable Trays, Cable Raceways), By End-user(Commercial, Industrial) - Industry Forecast 2024-2031

Report ID: SQMIG20E2077 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 65 | Figures: 75

Global Cable Management System Market News

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 Market Report Snapshots

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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 Size, Share, Growth Analysis, By Type(Cable Trays, Cable Raceways), By End-user(Commercial, Industrial) - Industry Forecast 2024-2031

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