Cable Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Cable Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global cable management market size reached US$ 24.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.79% during 2022-2028.

Cable management refers to the process of handling the wiring systems of a building or a complex. It utilizes electrical conduit systems, trays, ladders, electrical raceways, cable glands, connectors, floor ducts and boxes to track the running cables. It is used for routing and branching cables in multiple directions, protecting wiring components and eliminating trip hazards. It is also utilized for tracking physical networks, reassigning surplus resources and improving the life cycle of data assets. Cable management offers enhanced power supply protection and improved aesthetics and access control. As a result, it finds extensive applications across various industries, including information technology (IT), construction, healthcare, manufacturing, marine, telecommunication and energy.

Cable Management Market Trends:
The increasing commercialization of renewable energy across the globe is one of the key factors driving the growth of the market. Moreover, the rising demand for steel, rigid metal, flexible metallic and polyvinyl chloride (PVC) conduits in various industries is providing a thrust to the market growth. These conduits are used for indoor and outdoor applications and exhibit advantageous corrosion-resistant properties. In line with this, the widespread adoption of high-performance data and communication cabling systems is also contributing to the growth of the market. Cable management systems are integrated into the entertainment and lighting control systems of smart homes. Additionally, the increasing utilization of data centers in organizations is acting as another growth-inducing factor. Cable management systems enable the enterprises to store and transmit large volumes of data produced by advanced data computing machines, sensors and equipment. Other factors, including extensive infrastructural development, especially in the emerging economies, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cable management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, material and end user.

Breakup by Product:

Cable Trays
Cable Raceways
Cable Conduits
Cable Connectors and Glands
Cable Carriers
Cable Lugs
Cable Junction Box
Others

Breakup by Material:

Metallic
Non-Metallic

Breakup by End User:

IT and Telecommunication
Construction
Energy and Utility
Manufacturing and Automation Industry
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Atkore International, Chatsworth Products Inc., Eaton Corporation PLC, Enduro Composites Inc., HellermannTyton Group PLC (Aptiv PLC), Houston Wire & Cable Company (Omni Cable LLC), Legrand, Leviton Manufacturing Co. Inc., Panduit Corporation, Prysmian S.p.A., and Schneider Electric SE.

Key Questions Answered in This Report:
How has the global cable management market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cable management market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the material?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cable management market and who are the key players?
What is the degree of competition in the industry?