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Data Cabling is fastest growing segment fueling the growth of Cable Management Accessories Market

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Niranjan Mardakar
Data Cabling is fastest growing segment fueling the growth of Cable Management Accessories Market

Cable management accessories offer cable protection, proper routing and organized cable connections thereby reducing loose cabling issues. These accessories provide safety to cables from abrasion, pulls and tension along with organized cable management. They are used across industries for protection and management of data, power and communication cables.

The global Cable Management Accessories Market is estimated to be valued at US$ 2.85 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the cable management accessories market is the growing adoption of pre-terminated and customized cable assemblies. This is due to advantages such as simplifying installation processes, increasing reliability and reducing downtime. Pre-terminated assemblies come with factory installed connectors which are tested before shipping. This eliminates troubles related to on-site crimping and cutting down installation and maintenance time and costs.

Segment Analysis

The Global Cable Management Accessories Market is segmented by type, material, and end-use industry. Based on type, the clamps segment dominated the market in 2022 due to high demand from the IT & telecom and construction industries where cable management is highly essential. Based on material, the plastic segment accounted for the largest share in 2022 owing to wide use of plastic materials like nylon and PVC for manufacturing cable management accessories as they are durable, resistant to corrosion and inexpensive.

Key Takeaways

The global cable management accessories market is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing demand for cable management from industries like IT & telecom, energy & utility, manufacturing, and construction sector.

Regional analysis –

North America region dominated the cable management accessories market in 2022 and is expected to continue its dominance over the forecast period. This is attributable to presence of major players and established cable management systems & network infrastructure in countries like US and Canada. Asia Pacific region is expected to witness fastest growth owing to rising investments in construction and IT & telecom industries in countries like China and India.

Key players analysis - Key players operating in the cable management accessories market are Partex Marking Systems USA, Cooper Wiring Devices (Eaton Corporation), Schneider Electric SE, Chatsworth Products, Inc., Legrand SA, Weidmuller Interface GmbH & Co. KG, Thomas & Betts Corporation, Anixter Inc., HellermannTyton Group PLC, Panduit Corp., TE Connectivity Ltd., Cembre SpA, Klauke GmbH, and CableOrganizer.com LLC. These players are focusing on new product launches and partnerships to gain higher market share.

For More Insights, Read- https://www.newsstatix.com/cable-management-accessories-market-size-share-analysis-2023-2030/

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