The
global cable management system market was valued at US$ 7,190.2 Mn in
2013, growing at a CAGR of 11.8% from 2014 to 2020.
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Significant
growth in the construction industry in BRICS economies coupled with a
number of ongoing and planned major infrastructure development
projects in MENA region are driving the growth of cable management
system market, globally. In addition, renewal and upgradation of
existing networks in mature economies is further bolstering the
demand for cable management products. The global cable management
system market is expected to reach the market size of US$ 15,609.1 Mn
by 2020. However, high fragmentation of the cable management system
market at regional levels and volatility in raw material prices
hinders the growth of the global cable management system market.
Currently,
the global cable management system market is more than 65%
commoditized. The products such as cable trays, raceways, conduits,
connectors and floor ducts & junction boxes have existed over the
past decade and are a regular feature of infrastructures across
varied end-use verticals. The cable tray segment led the market in
2013, accounting for over 20% of the global revenue share. It is
expected to continue its dominance throughout the forecast period as
the product’s adaptability, reliability, inherent safety features,
and ease of maintenance result in major cost savings.
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In
addition, the cable management system market has been further
segmented by end-use industries into IT & telecom, manufacturing,
energy & utility, healthcare, logistics & transportation,
mining, and others (residential, government, retail, hospitality,
critical infrastructure). The significant growth in IT & telecom
segments, particularly across the Asia Pacific and RoW regions, has
fueled the cable management system market. With significant growth in
the IT and telecommunication sector, a large number of cable
management products such as: cable trays, raceways, conduits, floor
ducts, and junction boxes are being utilized in the respective
infrastructural requirements. Thus, IT & telecom segment held
majority share of the global cable management systems market in 2013,
accounting for around 26%. The segment is further expected to
continue its dominance during the forecast period 2014 to 2020.
The
cable management system market is recognized for brand value, with
dominant players known to mark their presence. However, the global
cable management systems market is highly fragmented at regional
levels with both organized and unorganized players operating in the
market. Some of the key players profiled in this report include
Chatsworth Product, Inc., Thomas & Betts Corporation (ABB Group),
Legrand SA, Schneider Electric SE, Cope (Atkore International
Holdings Ltd.), Cooper Wiring Devices (Eaton Corporation),
Voestalpine Metsec plc (Voestalpine Group), and Allied Tube &
Conduit (Atkore International Holdings Ltd.) among others.
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Global
Cable Management System Market, By Product Type
- Cable Tray
- Raceway
- Floor Duct and Junction Box
- Cable Conduit
- Cable Connectors
- Cable Glands
- Cable Chains and Reels
- Cable Lugs and Tools
- Others (Cable Tags and Route Markers)
Global
Cable Management System Market, By End-use Industry
- IT & Telecom
- Manufacturing
- Energy & Utility
- Healthcare
- Logistics & Transportation
- Mining
- Others (Residential, Government, Hospitality, Critical Infrastructure, Retail)
Global
Cable Management System Market, By Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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