by The global Cable Management Accessories Market is estimated to be valued at US$ 2.85 Bn or Billion 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 Overview:
Cable management accessories help in organizing and routing cables in telecom networks, data centers and LAN rooms. This increases productivity by making cabling easy to locate, install and troubleshoot. Cable management accessories include cable ties, clips, clips, labels and raceway which help in maintaining cabletidiness and safety.
Market key trends:
One of the major trends in the cable management accessories market is the growing adoption of advanced interconnectivity solutions for data centers. With increasing digitization across industries, the demand for high bandwidth infrastructure is growing exponentially. This is propelling the data center operators to adopt advanced cabling infrastructure to support higher port density and bandwidth requirements. Advanced cable management accessories help in streamlining cable routing to support high density interconnectivity requirements of next generation data centers. Furthermore, the demand for adequate cable access solutions from the telecommunication industry is also driving innovations in the cable management accessories market.
Market key trends:
The cable management accessories market has been witnessing considerable growth over the past few years. One of the key trends boosting the demand for cable management accessories is the rapid adoption of data centers across various industry verticals owing to exponential growth in data. Cable management accessories such as cable trays, covers, conduits and others help in managing large volumes of cables and wires in data centers in an organized manner and ensure smooth flow of data. Moreover, growing popularity of industrial Internet of Things (IIoT) and increasing number of connected devices is augmenting the need for well-managed network infrastructure that uses cable management accessories for routing cables efficiently.
SWOT Analysis
Strength: Presence of various branded players with strong distribution network.
Weakness: Fluctuations in raw material prices impacts the production costs.
Opportunity: Growing investments in telecommunication infrastructure development projects in developing nations.
Threats: Availability of low-cost alternatives from local manufacturers.
Key Takeaways
The Global Cable Management Accessories Market Size is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing investments in telecommunication and data center infrastructure.
The North America region is expected to dominate the cable management accessories market during the forecast period. This is attributed to robust presence of leading cable management accessory manufacturers and rising investments in network infrastructure development projects across industries in the region.
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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
