Global Cable Management Accessories Market 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
Manufacturers in the cable management accessories sector are
taking advantage of new opportunities in the aerospace industry, as the demand
for weight-reducing materials in the aerospace industry is growing.
Manufacturers on the cable management accessories market are thus the
production of personalized and precision parts that meet the needs of aerospace
engineers. In addition, companies operating in the market for cable management
accessories are developing heat shrink closures which improve network capacity.
Therefore, the ever-growing IT & Telecom sector propels
the market for closures to heat shrinks. Additionally, tried and tested efforts
have led to splice closure technologies that support cable diameters and joint
dimensions. Nonetheless, other business environment issues are slowing the
growth of the company. For example, finding an acceptable marking solution for
steel wires is one of the challenges for end-users in the market environment of
cable management accessories.
Competitive
Dashboard
The key players profiled in the cable management accessories
market 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).
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Market
Segmentation
Market by type of cable handling accessories is divided into
cable lug, cable label and heat shrink tube. The segment of cable lug is
estimated to hold the largest market share in 2017 while heat shrink tubes are
expected to witness the highest CAGR over the forecast period. The market is
segmented by end-users into telecommunications, automation and IT,
manufacturing, energy, logistics & transport, construction and others. The
end-user manufacturing segment is expected to dominate the market over the
entire forecast period (2018-2023).
Regional
Outlook
It is projected that the global demand for cable management
accessories 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.
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TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Cable Management Accessories Market, By Segments
7.
Competitive Analysis
Continued…
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