Cable Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014-2020
Albany, NY -- (SBWIRE) -- 07/20/2015 -- A market study on the global cable management system market, recently published by Transparency Market Research (TMR), projects the market to be rising at a CAGR of 11.8% from 2014 to 2020 and growing from a valuation of US$7,190.20 million in 2014 to US$15,609.10 million by 2020.The research report, titled "Cable Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", signifies that the development of the construction industry in the BRICS nations is the key driving force behind the growth of the global cable management system market. Along with this, the increasing number of major projects for infrastructure development in the Middle East and North Africa region and the recuperating construction industry in developed economies are also contributing to the market's growth significantly.
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The report also identifies the global rise in the demand for energy and increased bandwidth together with the upgradation of existent networks in developed regions as major growth drivers for the cable management system industry across the globe. However, instability in the cost of raw materials and the fragmented structure of regional markets is expected to have a negative impact on the development of the market during the forecast period.The global cable management system market has been studied on the basis of products, end users, and regional distribution in this report. Based on products, the market for cable trays acquired the top position with a 20% share of the overall revenue generated in the global cable management system market in 2013. Analysts expect the market to maintain its dominance over the forecast period.
By end use, the market for IT and telecom occupied around 26% of the global market for cable management systems and established itself as the market leader in 2013. The market is likely to retain its leading position during the forecast period.Regionally, in 2013, the cable management system market in North America contributed more than 25% of the overall revenue produced in the global market on account of the significant development of infrastructure and the construction industry in the region. However, the markets for cable management systems in the developing economies of Asia Pacific and the Rest of the World are projected to report significant growth over the forecast period owing to rapid industrialization resulting in the deployment of manufacturing plants across these regions, states the report.
The global market for cable management systems is highly fragmented owing to the presence of a large base of participants. Marco Cable Management, Kripson Electricals, Maxell Industries LLC, Allied Tube & Conduit, Oglaend System Group, TE Connectivity Ltd., Niedax Group, TransDelta International Industries LLC, Enduro Composites Inc., Chatsworth Products Inc., Legrand SA., Thomas & Betts Corp., Schneider Electric SE, Cooper Wiring Devices, Cope, and Voestalpine Metsec Plc. are some of the major companies in the global cable management system market that are profiled in this report.
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The global cable management system market is segmented into:
By Product Type
Floor Duct and Junction Box
Cable Chains and Reels
Cable Lugs and Tools
Others (Cable Tags and Route Markers)
By End-use Industry
IT & Telecom
Energy & Utility
Logistics & Transportation
Others (Residential, Government, Hospitality, Critical Infrastructure, Retail)
Rest of the World (RoW)
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