Market Synopsis
Global Cable Management Accessories Industry 2020, according to MRFR, is poised to expand from USD 1.74 billion in 2017 to USD 2.5 billion by 2023, at a CAGR of 6.53% over the review period.
Market Highlights
Increasing investment in global energy infrastructure renewal and upgrade, double-digit growth in the infrastructure sector in developed nations, and strict cable management regulation in a premise drive cable management accessories demand.
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Regional Outlook
It is projected that the global Cable Management Accessories Market Size will expand at a significant pace over the 2018-2023 forecast period. The cable management accessories industry regional research is performed for North America, Europe , Asia-Pacific and the rest of the world.
From 2018 to 2023, North America followed by Europe is projected to dominate the demand for cable management accessories, as these regions are competitive and well-established economies. In addition , the presence of the leading multinational corporations in the region and the rapid growth of the logistics and transport sector further drive the market for cable management accessories in those regions.
During the forecast period Asia-Pacific is expected to rise at the significant CAGR. Demand for accessories for cable management is mainly concentrated in countries such as China and India that are witnessing rapid urbanization pace and growth in the construction sector. This phenomenon has fueled demand for cable management products, as demand for electricity is expected to double with increased urbanization. In addition, there is a growing demand for quality electrical infrastructure which will serve potential demands for electricity.
Competitive Dashboard
The key players profiled in the Cable Management Accessories Industry research report are Thomas Betts Corporation (Switzerland), HellermannTyton Group PLC (UK), Legrand S.A. (France), TE Connectivity Corporation (Switzerland), Chatsworth Products, Inc. (US), Cooper Wiring Devices (US), Gustav Klauke GmbH (Germany), Schneider Electric SE (France), Panduit Corporation (US), CableOrganizer.com, LLC. (US). Such players are actively focused on growth strategies such as strategic alliances, mergers , acquisitions and product launch to strengthen their product offerings and extend their market presence.
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