(MENAFN- iCrowdNewsWire) Market Highlights
Cable management accessories market is expected to grow from USD 1.74 billion in 2020 to USD 2.5 billion by 2027, at a compound annual growth rate (CAGR) of 6.53% during the forecast period. Growing investment in renewal and upgradation of energy infrastructure globally, double digit growth in the infrastructure sector in developing nations, and stringent regulation pertaining to cable management in a premise drive the demand for cable management accessories.
Key players
The prominent players in the cable management accessories market are Schneider Electric SE (France), Legrand S.A. (France), Thomas & Betts Corporation (Switzerland), TE Connectivity Corporation (Switzerland), HellermannTyton Group PLC (UK), Chatsworth Products, Inc. (US), Cooper Wiring Devices (US), Panduit Corporation (US), Gustav Klauke GmbH (Germany), CableOrganizer.com, LLC. (US), Anixter Inc. (US), Weidmüller Interface GmbH & Co. KG (Germany), Partex Marking Systems USA LLC. (US), and Cembre S.p.A. (Italy). These players have adopted product launch, product enhancement, and geographic expansion as their key organic growth strategy to increase increase their presence across the globe.
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Regional Analysis
The global market for cable management accessories market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of cable management accesories market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America followed by Europe is expected to dominate the cable management accessories market from 2020 to 2027 as these regions are sustainable and well-established economies. Furthermore, the presence of the leading multinational companies in the region and rapid growth of the logistics & transportation sector further drive the cable management accessories demand in these regions.
Asia-Pacific is estimated to grow at the significant CAGR during the forecast period. The demand for cable management accessories is majorly concentrated in countries such as China and India that are witnessing rapid pace of urbanization and growth in the construction sector.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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