Cable Management Market Size, Share & Trends Analysis Report By Type (Cable Trays, Cable Raceways, Cable Conduits, Cable Connectors and Glands, Cable Carriers, Cable Lugs, Cable Junction Box, Others), By End-User (IT and Telecommunication, Commercial Construction, Energy, Manufacturing and Automation, Marine, Mining, Healthcare, Others), By Material (Metalic, Non-Metalic) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Market Overview

The global cable management market size was valued at USD 24.7 billion in 2023. It is projected to reach USD 49.1 billion by 2032, growing at a CAGR of 7.93% during the forecast period (2024–2032).

The electrical or optical cable management in a cabinet or installation is referred to as cable management. In addition to supporting and containing cables during installation, cable management facilitates subsequent system maintenance and modifications. The prospects for the cable management market are improved by economic growth and technological advancements. The demand for innovative and high-quality cable management products is rising significantly among different end users in the current business environment. The use of cable management solutions has increased due to technology adoption and rising living standards in the BRIC nations. On the other hand, the market's pace is slowed by fierce competition between local market participants and shifting raw material prices.

Market Dynamics

Market Driving Factors

Rising Demand as a Result of Growing Technologies

Globally, the demand for energy, high-speed connectivity, large amounts of bandwidth, and data centralization has increased due to technological advancement. The need for new HVDC cables and cable overheads has also increased significantly. Effective cable management is essential for safe and effective resource use. The increasing public awareness of technology and its widespread use has also pushed the cable management market growth.

Numerous Industrial Verticals

The cable management industry has undergone substantial expansion over time due to an increase in the number of applications in end-user industries. The parent markets for cable management products are the majority of sectors, including information technology, telecommunications, building, infrastructure, healthcare, transportation, aerospace, maritime, and other industries. Due to their unique qualities and features, cable trays, conduits, raceways, cable chains and reels, and other devices have demonstrated a significant demand in the market.

Market Restraining Factors

Lack of Consistency in the Cost of Raw Materials

The market for cables and wires is incredibly vast and diverse. The IT, power, construction, and telecommunication industries are the direct end users of the cable management market. Copper, rubber, plastic (thermoplastics), aluminum, and other materials are typical raw materials. Prices vary due to the wide distribution of raw material suppliers across the regions. Changes in the price of raw materials contribute to market volatility and some act as obstacles in the global cable management market.

Key Market Opportunities

Growing Investments in the Asia-Pacific Region

BRIC countries—Brazil, Russia, India, and China—are developing nations with potential for expansion. The economies of the countries that make up the BRIC group are benefiting from the significant investments that are being made in the construction and infrastructure sectors. It is possible that by the year 2030, the BRIC countries will control 41.0% of the total market value. India is drawing the attention of world leaders due to its low investment taxes and potential market due to its growing population. World leaders in cable management have stepped up their investments in response to this development, including Nexans and Prysmian, which are expanding their reach in China and India.

Expansion of IT and Telecom Sector

The IT and telecommunications industry is still in the lead and will keep growing, opening up opportunities for the cable management market growth. One of the top industries in the world, they offer a sizable need for cable management. The communication channels that connect two-thirds of the world's population are where cable management products are used extensively. There is a growing market for products like cable trays, rack systems, IT infrastructure, data transmission, and other related applications.

Regional Analysis

North America Dominates the Global Market 

North America is the largest global market shareholder and is expected to grow at a CAGR of 6.6% during the forecast period. Cable management products have considerable growth potential in North America in sectors like IT, building, manufacturing, healthcare, and others. The lifestyle and living standards are also advanced in North America, which has increased the need for proper cable management in the residential and commercial sectors, corporate offices, and other settings to enable safety and low maintenance. The area's GDP growth rate hampers the slow adoption of cable management products. North America is a top aerospace and space program region, including NASA and the USSR. Some critical items used in the aerospace industry include spiral wraps, lacing tapes, heat shrink tubes, and cable tie wraps. High Voltage Direct Current (HVDC), HVAC (Heat, Ventilation, and Air Conditioning), MV (Medium Voltage), and other cable systems in submarines offer effective power transfer among networks with comprehensive area coverage.

Europe is expected to grow at a CAGR of 7.5%, generating USD 11.46 billion during the forecast period. The European economy has been on the road to recovery since 2012 following the 2009 financial crisis that affected nations like Germany, the UK, the Netherlands, Russia, and France. 195 of the 500 manufacturing companies listed on the Fortune Global 500 have their headquarters in Europe. Leading European cable management product providers like Prysmian, Nexans, Legrand, and others are on the global market and offer a variety of products to meet customer needs. Leading economies from around the globe, including Greece, Luxembourg, the Netherlands, France, Russia, and others, support economic growth in Europe. Cable management products are popular in Europe for home appliances, infrastructure, IT, construction, and manufacturing industries.

The urbanization and industrialization of the Asia-Pacific region are accelerating. Cable management products can expand into new markets due to the end-user industries, which are well-represented in China, India, Indonesia, and other nations. The cable management market has gained popularity in end-user sectors like home appliances, IT, telecommunication, agriculture, marine, and construction. Due to easy access to raw materials and affordable labor costs, cable management companies like Baosheng, Far East Smarter Energy, and others have opened new manufacturing facilities in China. India is one of the economies with the fastest growth rates. It has significant market potential for industries like cable management products, oil and gas companies, and the IT construction sector.

Latin America is one of the fiber cable markets with the fastest growth rate, indicating a need for fiber cables. Cable trays are a common type of cable management in LAMEA and are produced by numerous businesses, including Pentair, Scan Source, and others. Since cable management products are widely used for various projects, industrial development in Brazil and Africa has aided the market's growth. Latin America is portrayed by Thomas & Betts Corporation as a region with rapid growth and great potential.

Segmental Analysis

Based on type, the global market is bifurcated into cable trays, cable raceways, cable conduits, cable connectors & glands, cable carriers, cable lugs, and cable junction boxes. The cable conduits segment is the highest contributor to the market and is expected to grow at a CAGR of 5.5% over the forecast period. A conduit system is a group of tubes that allows electrical wires to be protected and routed in buildings and other structures. An electrical conduit facilitates more accessible and frequent wiring system modifications while simplifying and securing a wiring system. Plastic, fired clay, metal, or fiber make up the conduit. While some pipes have flexible structures, most lines have rigid structures. Additionally, it offers better defense against environmental hazards and other factors like moisture, electromagnetic interference, and chemical vapors. Steel conduits, rigid metal conduits, flexible metallic conduits, and PVC conduits are end users’ most popular conduit types. Steel conduits are used in more than 50% of American manufacturing and industrial facilities, including underground or in hazardous or corrosive environments. The Rigid Metal Conduit is the heaviest of all the steel conduits and has the thickest wall. As a result, the market trends mentioned above impact the market expansion.

Cable trays support insulated electrical wiring for power distribution and communication. Due to its adaptable and flexible qualities, the cable tray market has grown significantly with rising technological awareness and innovation. All forms of communication, data transmission, power cables, and signals are made possible by the cable tray. Compared to cable pipes, cable trays are used more frequently because of their accessibility, safety features, flexibility, and affordability. Due to their ability to provide quick, affordable, and flexible solutions, cable trays have grown in importance for the end-user industry.

Based on the end-user, the global market is bifurcated into IT and telecommunication, construction, healthcare, energy, manufacturing and automation industry, marine industry, and mining industry. The IT and telecommunication segment owns the highest market share and is expected to grow at a CAGR of 10.1% during the forecast period. One of the sectors with the fastest growth rate is the IT and telecommunications industry, which presents a potential market for products for cable management, like cable racks and pathways. Since cable management is prevalent in ICT, it ensures proper placement of data and power cables, significant arrangements, and security, permits troubleshooting, and offers additional benefits. The IT industry depends heavily on data centers, cable racks, cable pathways, and other cable management products. Data centers and courses are expanding along with the number of IT companies. Most people use cell phones, cameras, and other high-tech devices that demand constant, high-quality data transmission and resolution, increasing market demand.

The construction industry is one for cable management products like metallic and non-metallic cable trays, cable ladders, steel conduits, cable trunkings, cable piping and fittings, and mounting equipment, the most lucrative markets. After experiencing a slowdown, the global construction industry shows signs of growth. Residential and non-residential construction has improved in the U.S., Australia, the UK, India, and other nations. A cable management system for the construction industry must be long-lasting, compatible, and flexible. Inadequate space, predetermined cable size and type standards, HVAC systems, and other challenges are facing the construction industry today. Several products on the market work with compatible vertical and horizontal cable management solutions. Due to their adaptability and high data transmission capacity, fiber optic cable networks are now used more frequently for projects like building sharing and green buildings.

Based on the material, the global cable management market is bifurcated into metallic and non-metallic. The global cable management market is dominated by the metallic segment, which includes cable trays, conduits, ladders, and raceways made from steel, aluminum, and stainless steel. These metallic systems are favored due to their superior durability, strength, and ability to withstand harsh environmental conditions, making them ideal for heavy-duty industrial applications and commercial infrastructure. Metallic cable management systems provide robust protection against physical damage and environmental factors, ensuring the safety and integrity of electrical and data cables in demanding settings. Their compliance with stringent safety standards and regulations, particularly in industries like oil and gas, petrochemicals, and critical infrastructure, further enhances their market dominance. Although metallic systems have a higher initial cost compared to non-metallic alternatives, their long-term cost efficiency, derived from their longevity and low maintenance requirements, makes them a preferred choice for many sectors.

Additionally, the rapid pace of urbanization, industrialization, and infrastructure development fuels the demand for reliable and durable cable management solutions, bolstering the market presence of metallic systems. Technological advancements, such as the development of corrosion-resistant coatings and innovative design improvements, also contribute to the widespread adoption of metallic cable management products. As a result, these systems are established as the go-to solution for ensuring the safe and efficient routing and protection of cables in various applications, reinforcing their leading position in the global cable management market.

Impact of covid-19

When the world witnessed the noble Coronavirus breakout, it disrupted all nations' economies. The government imposed lockdowns to slow the disease's rapid spread. Productions were stopped, all workplaces were closed, public interactions were limited, and temporary manufacturing and trading operations suspensions were implemented globally. Implementing the lockdown and public exchange caused interruption causing a cutting down of the market's operations. The social distancing norms of the government also disrupted the supply chain. Because of lockdowns imposed by the government, businesses and employees could not use the equipment. This forced the farmers to lean towards the help provided by autonomous tractors pushing the autonomous tractor market growth further.

The South Korean nation faced many problems due to the social distancing and public interaction restrictions imposed by the government, which resulted in a workforce shortage. Travel restrictions imposed also restricted the movement of emigrant laborers into the nation. So the country had to ultimately shift towards using autonomous machines to continue their production and operations, to generate income during tough times. But still, during the era of covid, the market had to face a few bumps, such as the level of participation by the companies in the market declined, suppliers and distributors also slowed down their operations, and this negatively affected the farm machinery industry supply chain, resulting in a delay of deliveries of agricultural machinery.

Recent Developments

• June 2022- Atkore Inc. revealed the purchase of United Poly Systems. This company produces High-Density Polyethylene (HDPE) pressure pipes and conduits for telecommunications, water infrastructure, renewable energy, and other industries.
• August 2022- Leviton announced the debut of their Decora Smart Wi-Fi 2nd Generation Fan Speed Controller to make integrating ceiling fan control into a smart home easier.