Cable Management Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 16.23 Billion |
| Market Size (2029) | USD 26.27 Billion |
| CAGR (2024 - 2029) | 10.11 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cable Management Market Analysis
The Cable Management Market size is estimated at USD 16.23 billion in 2024, and is expected to reach USD 26.27 billion by 2029, growing at a CAGR of 10.11% during the forecast period (2024-2029).
- One of the major trends driving the need for cable management products is the IT sector's rapid growth and the growing reliance of institutions and businesses on high-performance data & communication cabling.
- Many leading manufacturers report that most of their demands for raceways and other systems are for data & communication applications. As a result, manufacturers are designing newer products and system modifications, taking these systems well above their origins.
- Additionally, the growing need for cable connectors and heat shrinks in power networks, underground power networks, renewable energy networks, solar plants, and wind turbines are expected to support the market's growth throughout the forecast period, owing to their resistance to continuous sunlight, flames, and severe temperatures.
- Moreover, as industries around the globe are moving toward Industry 4.0, telecommunication has been turning out to be one of the key factors supporting every sector's development. Like other commonplace products in telecommunications, underground cable management, and cable sealing and acoustics, overhead cable management systems have been some of the most popular solutions for their cost-effectiveness, power supply, and distribution range.
- Moreover, the surge in high volatile raw material prices and cable installations for in-building wireless networks can be unmanageable to install and challenging to maintain as rising consumer and business demand for higher-performance cables might hamper the growth. In addition to this, common problems many modern offices have been facing are cable mismanagement and outdated design as oftentimes, with a significantly large number of cables and wires serving massive data and power needs, management has become untenable with antiquated methods such as cable trays or ladders. In addition to this capacity problem, there's also a rising issue of balancing operational efficiency with the aesthetics of a space.
- On the contrary, its rising importance in creating a visually pleasing and clean work environment, as well as the maintenance of basic functionality and protection of the devices from clogged airflow due to messy and disorganized cables, is creating significant opportunities for the studied market to grow.
Cable Management Market Trends
IT & Telecommunication segment is expected to promote market growth
- Telecom equipment is notoriously sensitive, especially the cables needed to maintain networks and connections properly. Owing to that reason, any equipment utilized to manage or organize those cables is required to be able to offer control without the risk of harm.
- Cables carry the data required to light cities, make cloud computing possible, and allow billions of devices to function. Hence, cable management is crucial to effectively control fiber rollouts, which are required to help the needs of business and residential customers, and the rollout of advanced technologies, such as 5G.
- In addition, according to Viavi Solutions, by May 2022, around 1947 cities across 72 countries had 5G networks available worldwide. China had the most cities with 356, followed by the USA with 296, and followed Philipinnes with 98 cities respectively.
- Furthermore, according to TRAI (Telecom Regulatory Authority of India), Reliance Jio was the top player in the country, with a wireless telecom subscriber base of over 419 million around India as of September 2022. and India was the second-largest telecom market worldwide. According to GSMA Intelligence, there were 1.10 billion cellular mobile connections in India at the start of 2023. It also indicates that mobile connections in India were equivalent to 77.0 percent of the total population in January 2023. Further, according to, Ericcsion, Total mobile subscriptions in the region are estimated to grow to 1.27 billion in 2029.
Europe is Expected to Witness Major Growth
- With the raised deployment of cables across multiple industries, the need for cable management solutions is also growing. The expanded demand for networks and facilities with the vast volume of cables has increased drastically in the region. Additionally, deploying high-capacity networks has led to complicated cable installations across different verticals. Thus, the requirement for the management of cables has gained prominence, promoting the region's cable management market.
- Multiple regional developed nations, such as Germany and France, are spending significantly on developing their infrastructure. With these surged investments in various sectors, enterprises also focus on renovating and enhancing their existing infrastructure to build better support for operations, which has been leading to growth in the cable management market.
- Moreover, with the surging energy demand and aging electricity infrastructure, governments across the region are largely moving toward modernizing energy grids by adopting smart grid solutions. Such transformations align with the rising propensity toward adopting new distribution and transportation infrastructure investments.
- Furthermore, one of the fastest-growing markets in the region is IT and telecom. Owing to the industry's rising demand for high-speed connectivity, various small and large businesses mainly concentrate on providing dependable services. The requirement for cable management solutions is also an outcome of the installation of new cables for supporting new services. One of the initial users of cable management, the industry is expected to influence market demand.
Cable Management Industry Overview
The cable management market is competitive and fragmented. ABB group company Thomas & Betts, Schneider Electric SE, Cooper Industries (Eaton), Chatsworth Products Inc., HellermannTyton, and others are some of the prominent participants in the market. After identifying potential needs, these top manufacturers have expanded into developing countries.
December 2023: Fischer Connectors’ new high-speed connectors and cable assemblies for Ultra High Definition (UHD) provide audio/video data transfer at 18 Gb/s in demanding environments, matching the performance speed of HDMI 2.0. These new UHD solutions are available in the flagship Fischer MiniMax and Fischer Core product lines with 10,000 mating cycles, 360° EMI protection, different sealing performances from IP68 to hermeticity and sterilization capacities, and three locking mechanisms.
January 2023: The Houdson Group announced the form of a new partnership with Wibe Group to provide specialist cable management solutions for corrosive and hazardous environments. This collaboration is expected to see Wibe cable ladders and Mita Glass Reinforced Polymer (GRP) containment products distributed to the UK through 'Milton,' a new division of the Hudson Group.
Cable Management Market Leaders
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Schneider Electric SE
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ABB LTD
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Eaton Corporation plc
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chatsworth products inc.
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Hellermanntyton (Aptiv)
*Disclaimer: Major Players sorted in no particular order
Cable Management Market News
- October 2023: The world's most innovative family of medium-voltage mechanical cable connectors and lugs is available in larger sizes of 400–800 mm². The underground network installations are safe and easy to do even where the largest conductor cross-sections are needed. Ensto’s mechanical cable connectors and lugs have a new kind of innovative screw design with step-less shearing. It makes the installation easy, safe, and secure, and the screw can be scaled to fit various connector and lug sizes, covering a range from 10 mm² to 800 mm².
- October 2023: CableEZ, an AV cable management solutions firm, has 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.
- August 2023: Snake Tray’s Snake Max is the newest series of cable management that meets the needs of conveying power cables inside and outside the data center. Pre-fabricated turns, intersections, tees, and vertical elevation elements make installations quick and effortless. Accessible snap-in cable managers or Snake Max Clicks maintain NEC 310.15 cable separation, so derating cables is unnecessary. The Snake Max Clicks cable separators allow the cables to operate cooler for energy efficiency and accommodate cables from 350-1250 Kcmil. They are made in the USA.
Cable Management Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Demand in Renewable Energy Commercialization
5.1.2 Growing Trend of Digitization and Adoption of Connected Solution
5.2 Market Restraints
5.2.1 Volatile Raw Material Prices
6. MARKET SEGMENTATION
6.1 By Product
6.1.1 Cable Trays
6.1.2 Cable Raceways
6.1.3 Cable Conduits
6.1.4 Cable Connectors and Glands
6.1.5 Cable Carriers
6.1.6 Cable Lugs
6.1.7 Junction/Distribution Boxes
6.1.8 Other Products (Ties, Covers, Fasteners, Clips)
6.2 By End-user Industry
6.2.1 IT and Telecommunication
6.2.2 Construction
6.2.3 Energy and Utility
6.2.4 Manufacturing
6.2.5 Commercial
6.2.6 Other End User Industries
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Rest of the World (Latin America and Middle East and Africa)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 ABB Ltd.
7.1.2 Schneider Electric SE
7.1.3 Cooper Industries (Eaton)
7.1.4 Chatsworth Products Inc
7.1.5 HellermannTyton
7.1.6 Panduit Corporation
7.1.7 Prsymian SP
7.1.8 Legrand SA
7.1.9 Leviton Manufacturing Co. Inc.
7.1.10 Atkore International Holdings
7.1.11 Enduro Composites SP (Creative Composites Group)
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Cable Management Industry Segmentation
Cable management refers to managing electrical or optical cables in a cabinet. Products such as cable trays, ladders, and cable baskets support a cable through cabling routes.
The cable management market is segmented by product (cable trays, cable raceways, cable conduits, cable connectors and glands, cable carriers, cable lugs, and junction/distribution boxes), end-user industry (IT and telecommunication, construction, energy and utility, manufacturing, commercial), and geography (North America, Europe, Asia-Pacific, Rest of the World (Latin America and Middle East and Africa)). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Product | |
| Cable Trays | |
| Cable Raceways | |
| Cable Conduits | |
| Cable Connectors and Glands | |
| Cable Carriers | |
| Cable Lugs | |
| Junction/Distribution Boxes | |
| Other Products (Ties, Covers, Fasteners, Clips) |
| By End-user Industry | |
| IT and Telecommunication | |
| Construction | |
| Energy and Utility | |
| Manufacturing | |
| Commercial | |
| Other End User Industries |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World (Latin America and Middle East and Africa) |
Cable Management Market Research FAQs
How big is the Cable Management Market?
The Cable Management Market size is expected to reach USD 16.23 billion in 2024 and grow at a CAGR of 10.11% to reach USD 26.27 billion by 2029.
What is the current Cable Management Market size?
In 2024, the Cable Management Market size is expected to reach USD 16.23 billion.
Who are the key players in Cable Management Market?
Schneider Electric SE, ABB LTD, Eaton Corporation plc, chatsworth products inc. and Hellermanntyton (Aptiv) are the major companies operating in the Cable Management Market.
Which is the fastest growing region in Cable Management Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cable Management Market?
In 2024, the North America accounts for the largest market share in Cable Management Market.
What years does this Cable Management Market cover, and what was the market size in 2023?
In 2023, the Cable Management Market size was estimated at USD 14.59 billion. The report covers the Cable Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cable Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cable Management Industry Report
Statistics for the 2024 Cable Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cable Management analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
