Global Cable Management System Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Cable Management System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global cable management system market report has been segmented on the basis of product, material, end user, and region.

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Global Cable Management System Market: Overview

Cable management is the most important aspects of construction industry. The cable management handles complete cabling/wiring system of any building or organization to manage cable connections. Electrical conduit systems, trays & ladders, electrical raceways, cable glands & connectors, floor ducts & boxes, and others are some important components of cable management systems.

Global Cable Management System Market: Dynamics

Rising adoption in commercial and industrial plants in order to enhance aesthetics appearance and safety of network is a key factor expected to drive growth of the global market over the forecast period.

In addition, rapid development in networking technology and rising demand for high-speed connectivity in IT & telecommunication industry are some other factors expected to further fuel growth of the target market over the forecast period.

Moreover, increasing government regulations and standards such as IEC SC 23A, NFPA 70, and EN 61537, that focus on management of power and communication cable and increasing need of these system in many industries such as IT & telecom, healthcare, and construction. Above mentioned factors are expected to boost growth of the target market over the forecast period.

However, competitive environment along with fluctuating raw material prices is a key factor expected to restrain growth of the global market over the forecast period.

Increasing investment in research and development activities by manufacturers in order to develop innovative product is expected to create potential revenue opportunities for players operating in the target market over the forecast period.

Global Cable Management System Market: Segment Analysis

Among the product segments, the cable conduits & trunks segment is expected to dominate in the global market over the forecast period, owing to its wide adoption in end-use industries such as manufacturing, oil & gas, healthcare, and public infrastructure.

Among the end user segments, the IT & telecom segment is expected to register significant growth in terms of revenue over the forecast period, owing to increasing demand for data communications and need for high-performance data cabling in this industry.

Among the material segments, the metallic segment is account for highest market share over the forecast period, owing to increasing use of metallic cable management products across many end-use industries, such as healthcare, oil & gas, and manufacturing.

Global Cable Management System Market: Regional Analysis

The markets in North America and Europe are expected to register significant share in terms of revenue over the forecast period, owing to high investment in infrastructure projects and rising adoption of cable management systems to maintaining track of data and power cables and increasing demand for high-performance data cables in IT & telecom industry across various countries in these regions. In addition, increasing government initiatives towards developing time-bound construction of in developing countries are expected to support growth of the construction sector, which in turn is expected to boost growth of the target market in these regions.

The market in Asia Pacific is expected to account for highest market share over the forecast period, owing to increasing number of residential and commercial projects in Indonesia.

Global Cable Management System Market Segmentation:

Segmentation by product:

Cable Trays & Ladders
Cable Conduits & Trunks
Boxes, Connectors, and Distribution Boards
Wiring Duct
Others (Glands & Connectors, Ties, Fasteners, and Clips)

Segmentation by material:

Metallic
Non-metallic

Segmentation by end user:

IT & Telecom
Manufacturing
Energy & Utilities
Healthcare
Oil & Gas
Public Infrastructure
Commercial
Residential