19-May-2021 | Facts and Factors
As per a recently issued market research report by Facts & Factors, the global cable management accessories market was about USD 2 Billion in 2020, with sales value projected to hit around USD 3 Billion by the end of 2026 and expected to register an excellent 6% CAGR during 2021 to 2026.
Cable management practices enable users to increase productivity and improve efficiency in a system. These practices allow physical support networks to avoid financial losses due to improper maintenance. Additionally, cable management accessories prolong the life cycle of devices. Other benefits of using any form of cable management accessories are enhanced performances, improved flexibility, and safety measures. Manufacturers are now opting for lightweight and durable materials due to the increased demands.
The deteriorating infrastructure for power transmission and communication has a varied life span. As many of these structures witness the end of their life, growth in the cable management accessory systems can be indicated due to the growing support and maintenance needs. Additionally, increased government spending on improving their vast existing networks for modernization and rapid urbanization have further boosted the market for cable management accessories to a greater extent.
Top Market Players
Some of the major participants in the global cable management accessory are Chatsworth Products, Inc., Weidmuller Interface GnbH & Co. KG, Thomas & Betts Corporation, Anixter, Inc., Hellermann Tyton Group PLC, and Panduit Copr., among others.
Market Dynamics
Since the advent of improved machinability technologies, cable management has become an important part of any organization. A wreath of non-metallic insulators has proven pivotal in the market for the growth of the market. Additionally, these insulators decrease any harmful effects from accidental shorts. Various materials provide extensive functionality under high-temperature environments. Such insulators are utilized heavily for devices such as alternators, starters, and generators. The aerospace industry has seen a recent rise in the demand for cable management accessories. Features such as reduced weight are the big need of the hour.
Based on the type, the cable management accessories market can be divided into Cable Lung, Cable Marker, Heat Shrink Tube, and Others The cable lungs is expected to dominate the cable management accessories market owing to the high demand in the manufacturing domain for highly advanced cable lungs foe efficient electrical services and crimp connections in the cable management systems.
On the basis of end-user, the market of cable management accessory can be segmented into IT and Telecom, manufacturing, energy & utility, health care, logistics and transportation, mining, oil & gas, construction, and others. The telecom sector witnesses the highest growth due to continuous development in the field of technology and the rising demand in the communication field. Furthermore, the increasing popularity of data/communication applications and new systems and products developed by manufacturers of cable management accessories to adapt to varying requirements help propel the demand in the telecom sector.
Asia-Pacific Is Expected To Witness Highest Growth During the Forecast Period
The Asia-Pacific region is expected to recoup the largest market share in the regional analysis on the basis of revenue generation. An uptake of investments through FDIs and the private sector has enabled the market to grow and set a huge footprint in the region. Furthermore, additional investment by government and private players in renewable energy sources has further boosted the market in the region.
Browse the full “Cable Management Accessory Market By Product Type (Cable Lung, Cable Marker, Heat Shrink Tube, and Others), By End-User (IT and Telecom, Manufacturing, Energy & Utility, Health Care, Logistics and Transportation, Mining, Oil & Gas, Construction, and Others), and By Regions - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/cable-management-accessory-market.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 2 Billion in 2020 |
Projected Market Size in 2026 |
USD 3 Billion |
CAGR Growth Rate |
6% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Legrand, Eaton, Obo Bettermann, Panduit, Atkore, Partex Marking Systems, Schneider Electric SE, Chatsworth Products, Inc., Weidmuller Interface GnbH & Co. KG, Thomas & Betts Corporation, Anixter, Inc., Hellermann Tyton Group PLC, and Panduit Copr., among others. |
Key Segment |
By Product Type, By End-User, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The global cable management accessories market can be segmented as:
Global Cable Management Accessories Market: By Product Type Segment Analysis
- Cable Lung
- Cable Marker
- Heat Shrink Tube
Global Cable Management Accessories Market: By End-User Segment Analysis
- IT and Telecom
- Manufacturing
- Energy & Utility
- Health Care
- Logistics and Transportation
- Oil & Gas
- Mining
- Construction
- Others
Global Cable Management Accessories Market: By Regional Segment Analysis
- North America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
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