The Cable Management Market size is estimated at USD 16.23 billion in 2024 and is expected to reach USD 26.27 billion by 2029, registering a CAGR of 10.11% during the forecast period.
The cable management market is competitive and fragmented. ABB group company Thomas & Betts, Schneider Electric SE, Cooper Industries (Eaton), Chatsworth Products Inc., HellermannTyton, and others are some of the prominent participants in the market. After identifying potential needs, these top manufacturers have expanded into developing countries.
In January 2023, The Houdson Group announced the form of a new partnership with Wibe Group to provide specialist cable management solutions for corrosive and hazardous environments. This collaboration is expected to see Wibe cable ladders and Mita Glass Reinforced Polymer (GRP) containment products distributed to the UK through 'Milton,' a new division of the Hudson Group.
In September 2022, ABB Ltd. announced that it was to invest USD 13 million in its Installation Products Division Iberville manufacturing plant in Saint-Jean-sur-Richelieu, Quebec, to boost production capacity and set up a research & development facility at its center of excellence for cable tray manufacturing.
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