Cable Management Accessories Market Insights
The global cable management accessories market is poised to witness steady growth in the coming years, driven by the increasing demand for organized cable systems in various industries, including IT & telecommunication, healthcare, construction, and manufacturing, among others. According to Market Research Future (MRFR), the global cable management accessories market is projected to register a CAGR of 6.53% during the forecast period 2020-2027.
The market research report on cable management accessories by Market Research Future (MRFR) provides a comprehensive analysis of the market trends, drivers, challenges, and opportunities that are likely to impact the growth of the market in the coming years. The report segments the market based on product type, material type, end-use industry, and region.
Key Players:
The global cable management accessories market is highly competitive, with several players operating in the market. Some of the key players in the market include
· Legrand SA,
· Schneider Electric SE,
· HellermannTyton Group PLC,
· ABB Ltd.,
· Panduit Corp.,
· Eaton Corp.,
· Thomas & Betts Corp.,
· Chatsworth Products Inc.,
· TE Connectivity Ltd., and
· Cembre SpA, among others.
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Market Segmentation:
Based on product type, the global cable management accessories market is segmented into cable ties, cable trays, cable raceways, cable glands, and others. Among these, the cable ties segment is expected to account for the largest market share during the forecast period, owing to their wide usage in various industries for bundling and organizing cables.
Based on material type, the global cable management accessories market is segmented into metallic and non-metallic. The metallic segment is further sub-segmented into stainless steel, aluminum, and others, while the non-metallic segment is further sub-segmented into nylon, PVC, and others. The non-metallic segment is expected to witness higher growth during the forecast period, owing to the increasing demand for lightweight and corrosion-resistant cable management accessories.
Based on end-use industry, the global cable management accessories market is segmented into IT & telecommunication, healthcare, construction, manufacturing, energy & utility, and others. The construction segment is expected to account for the largest market share during the forecast period, owing to the increasing number of construction activities globally and the need for organized cable systems in buildings and infrastructure.
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Regional Analysis:
The global cable management accessories market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Among these, Asia-Pacific is expected to witness the highest growth during the forecast period, owing to the increasing demand for cable management accessories in various industries in countries such as China, India, Japan, and South Korea. Moreover, the rapid industrialization and urbanization in these countries are also driving the growth of the market in the region.
Industry Trends:
The global cable management accessories market is witnessing several trends that are likely to impact the growth of the market in the coming years. Some of the major trends in the market include:
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Increasing demand for cable management accessories in data centers: With the increasing adoption of cloud computing and data analytics, the demand for data centers is also increasing. Cable management accessories are crucial for organizing the cables in data centers and ensuring efficient and uninterrupted data flow.
Growing focus on sustainability: Cable management accessories made from eco-friendly materials such as bioplastics and recycled plastics are gaining popularity, owing to the increasing focus on sustainability and reducing the carbon footprint.
Adoption of automation and IoT: The increasing adoption of automation and IoT in various industries is driving the demand for cable management accessories that can support these technologies and ensure efficient and safe cable management.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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