The global cable management system market was valued at US$ 7,190.2 Mn in 2013 and is forecast to grow at a CAGR of 11.8% from 2014 to 2020.
Albany, NY -- (SBWIRE) -- 12/09/2016 -- Cable management refers to the installation of cable management products in order to secure cables for electrical services or data communication in an organization, building, plant, vehicle, and industry. The term is used for workmanship or products. Cable management is primarily used in various end-use industries such as IT, telecommunication, power distribution, healthcare, maritime, aerospace, automotive, oil and gas, mining, manufacturing and others. Proper cable management infrastructure helps in troubleshooting the problems in cable systems more easily, and enables better maintenance by providing enhanced support during the installation process. Products such as raceways, cable trays, and floor ducts are used to support cables through cabling routes. Cable management provides end users with benefits such as saving on labor and cost, increased adaptability, enhanced safety, and low maintenance.
The research study titled "Cable Management Systems Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020", provides strategic analysis of the global cable management systems market, along with the market growth (size in US$ Mn*) forecast for the period from 2014 to 2020. The report includes an in-depth analysis of the market drivers, restraints, and industry trends. It also highlights the significant growth opportunities for cable management systems in the next few years.
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The research report provides a comprehensive assessment of stakeholder strategies, and the imperatives for succeeding in the cable management systems market. Furthermore, it analyzes current and future market potential. The report segregates the cable management systems market based on products and end-use industries across different geographies, which include North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
The report segments the global cable management systems market based on products, which include cable tray, raceway, floor duct and junction box, cable conduits, cable connectors, cable glands, cable chains and reels, lugs and tools, and others (cable tags and route markers). The market has been further segmented by end-use industries into IT & telecom, manufacturing, energy & utility, healthcare, logistics & transportation, mining, and other industries (residential, government, retail, hospitality, critical infrastructure). For detailed understanding of the cable management systems market, all these segments have also been estimated in terms of revenue (US$ Mn) for the geographies mentioned above.
Market share analysis of leading vendors of the global cable management systems market mentioned in the report provides a detailed understanding of the shares of key players in the market. The report further provides key competitive strategies adopted by cable management systems vendors on a global scale. In addition, the report also includes a regional list of cable management system distributors along with the impact analysis of raw material prices on cable management system manufacturers.
The market research study analyzes the cable management systems market worldwide, and provides revenue estimates in terms of US$ Mn for the years 2012 and 2013, along with the market forecast for the period from 2014 to 2020. Data for 2012 and 2013 are the actual values, with 2013 considered as the base year and 2012 as historic data. The value for 2014 is the estimated value, whereas the values for the period from 2015 to 2020 are market forecasts based on the analysis of existing dynamics, and their future impact. The detailed study of Porter's five forces analysis and value chain analysis provide insights into the prevalent competitive scenario in the cable management systems market. Market estimates have been analyzed considering market dynamics and the impact of various economic, political, social, legal, and technological factors influencing market growth.
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Some of the leading vendors in the global cable management systems market include Legrand S.A., Thomas & Betts Company, Atkore International Holdings Ltd., and Eaton Corporation. Due to high market fragmentation at regional levels, a high percentage of the market share is held by unorganized regional players.
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