Cable Management Market to Reach $64.7 Billion, Globally, by 2032 at 10% CAGR: Allied Market Research

WILMINGTON, Del., Aug. 8, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Cable Management Market by Type (Cable trays, Cable raceways, Cable glands, Conduits, Cable connectors and glands, Cable carriers, Cable lugs, Junction box and Others), End user (IT & telecommunication, Healthcare, Marine, Mining, Manufacturing & automation, Aerospace, Commercial construction and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the cable management market was valued at $27.6 billion in 2023, and is estimated to reach $64.7 billion by 2032, growing at a CAGR of 10% from 2024 to 2032.

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Prime determinants of growth 

The prominent factors that drive the growth of the cable management market include increasing demand from the data centers and the expansion of IT & telecom industries. However, factors such as high installation costs as well as the investment required for the production are expected to hamper the cable management market growth. Furthermore, the integration of IoT and automation in cable management systems enhances monitoring, maintenance, and operational efficiency, creating new market opportunities. 

Report coverage & details: 

Segment Highlights

The demand for cable conduits segment in cable management market is driven by the need for enhanced protection and organization of electrical and data cables. Cable conduits provide a secure pathway that shields cables from physical damage, moisture, and chemical exposure, ensuring long-term reliability and safety. They are essential in environments with high electrical and mechanical stress, such as industrial facilities, commercial buildings, and infrastructure projects. In addition, the rise in construction activities, urbanization, and stringent safety regulations further boost the adoption of cable conduits, making them a critical component in modern cable management solutions. 

The demand for IT and telecommunication segment in cable management market is on the rise due to the rapid expansion of digital infrastructure, driven by increasing internet usage, mobile device proliferation, and the surge in number of data centers. Efficient cable management is crucial for maintaining organized, reliable, and high-performance network systems, which are essential for supporting large-scale data transfer and connectivity. The deployment of 5G networks and advancements in cloud computing further amplify the need for robust cable management solutions to handle complex cabling requirements, minimize downtime, and ensure seamless communication and data flow in IT and telecommunication facilities. 

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Regional Outlook

In North America, the U.S. attained the highest market share in the cable management market due to its advanced technological infrastructure, extensive urbanization, and significant investments in data centers and telecommunication networks. The country’s rapid adoption of smart technologies, IoT, and 5G networks necessitates efficient cable management systems to support complex and large-scale cabling needs. In addition, stringent safety regulations and standards, coupled with a strong focus on workplace safety and energy efficiency, drive the demand for high-quality cable management solutions. 

Key Players:

Eaton Chatsworth Products ABB GroupSchneider Electric Legrand Atkore International Leviton Manufacturing Co., Inc Panduit Nexans Prysmian Group. 

The report provides a detailed analysis of these key players in the global cable management market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

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Recent Development: 

In October 2023, CableEZ, an AV cable management solutions firm, launched its 2 Gang Model for commercial and educational spaces. The product is designed to accommodate various installation types, including installation over a one- or two-gang input plate, wall transmitter, and standalone installation. It consists of two main components, the back ring and the cover plate, with the latter available in black, white, or custom color options.

Key Benefits for Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cable management market analysis from 2024 to 2032 to identify the prevailing cable management market opportunities.The market research is offered along with information related to key drivers, restraints, and opportunities.Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.In-depth analysis of the Cable Routing, Cable Handling, and cable management market segmentation assists to determine the prevailing market opportunities.Major countries in each region are mapped according to their revenue contribution to the global Wire Management market.Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players, and cable management company list.The report includes the analysis of the regional as well as global cable management market trends, cable management market size by country, cable management market share by companies, cable management industry report, cable management market value,  Cable Management Growth Drivers,  cable management market insights, key players, market segments, application areas, and market growth strategies.

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Cable Management Market Key Segments:

By Type

Cable traysCable racewaysCable glandsConduitsCable connectors and glandsCable carriersCable lugsJunction boxOthers

By End User

IT & telecommunicationHealthcareMarineMiningManufacturing & automationAerospaceCommercial constructionOthers

By Region

North America (U.S., Canada, Mexico)Europe (France, Germany, Italy, Spain, UK, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)

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