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Overview of the global building cable management systems market
Technavio’s market research analyst predicts the global building cable management systems market to grow steadily at a CAGR of above 9% by 2021. One of the primary drivers for this market is the rapidly accelerating bandwidth requirements for upgrading existing networks. The volume of data that is transmitted within an organizational network has increased significantly over the past few years. The growing use of instant messaging, VoIP, and video conferencing in organizations have increased the volume of packet data. This rapid increase in network traffic has led to a reduction in network efficiency and predictability. This rising demand for higher bandwidth for network traffic can be fulfilled by cable management systems. As these systems, can interconnect different networking devices on various network segments and store information about the location and availability of various network devices, the transmission of packet data becomes faster. This ability of the cable management system to facilitate faster data network will augment the global building cable management systems market during the forecast period.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The cable management systems market in the Americas is driven by developed economies, such as the US and Canada. North American countries are expected to witness rapid developments in hospitality, retail, and office buildings, which will increase the scope of wired network implementation in such buildings. Moreover, in Mexico, he rising property prices and foreign investments in the commercial and residential sectors will further propel the global building cable management systems market in the coming years.
Competitive landscape and key vendors
The global building cable management systems market is highly fragmented with the presence of several vendors that include both globally established players and regional players. The competition among players in expected to intensify, with several vendors planning to scale up their production and enhance their product offerings in the coming years.
Leading vendors in the market are –
Thomas & Betts
Other prominent vendors in the building cable management systems market include Allied Tube & Conduit, Alpha Wire, Armorcast, Atkore International, Chatsworth Products, CommScope, Dana, Deca Cables, Domtech, General Cable, Hammond Manufacturing, Kripson Electricals, Lapp Group, Leoni, Leviton, Marco Cable Management, Metsec Cable Management, Netfloor USA, Oglaend System, Optical Cable Corporation, Panduit, TE Connectivity, and TransDelta International Industries.
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Segmentation by product and analysis of the building cable management systems market
Boxes, ducts, racks, and enclosures
Cord management and protective devices
During 2016, the cable tray segment dominated the building cable management systems market and accounted for a major part of the overall market share. Factors such as the securing of essential cables and wired networks and avoidance of entanglement of the cable within a building facility are the major contributors for the dominance of this segment in the global market.
Segmentation by end-user and analysis of the building cable management systems market
In this market study, analysts have estimated industrial buildings segment to dominate the building cable management systems market during the forecast period. The demand for high-speed network connectivity solutions for managing voice over Internet protocol (VoIP) traffic, video streaming, and multi-channel communications from the industrial sector contribute significantly to the growth of this segment in the building cable management systems market.
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Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global building cable management systems market?
What are the key market trends impacting the growth of the global building cable management systems market?
What are the challenges to market growth?
Who are the key vendors in the global building cable management systems market?
What are the market opportunities and threats faced by the vendors in the global building cable management systems market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global building cable management systems market?
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