The global Cable Management Accessories Market is estimated to be valued at US$ 2.85 Bn 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 consist of cable ties, clips, labels and other products that help in bundling and organizing cables in a proper manner. These accessories ensure effective cable management for neat installation, maintenance and identification of various cables in networking infrastructure, data centers and telecommunication equipment rooms.
Market key trends:
One of the key trends in the cable management accessories market is the increasing demand for cable management products that provide effective cable routing and organization solution in data center applications. The growth in number of data centers globally has fueled the need for cable management accessories to enable neat installation of various power, fiber optic and networking cables. Furthermore, accessories like J-Hooks, cable straps and cable trays that facilitate vertical and horizontal cable routing in rack cabinets are witnessing higher sales. Innovation in design and material of cable management accessories to provide easy installation and better durability is another major trend in this market.
Segment Analysis
The global cable management accessories market can be segmented based on product type, material, and end-use industry. Based on product type, the cable ties segment dominated the market in 2023 due to growing demand for cable organization and secure bundling of cables in various industries. Cable ties are cost-effective and easily available, making them a preferred choice for cable management.
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 industrialization and rapid infrastructure development activities globally.
Regional analysis
Asia Pacific dominated the global market in 2023 and is expected to exhibit the fastest growth during the forecast period. Rapid industrialization and infrastructure development in China and India are driving the cable management accessories market growth 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.
The global cable management accessories market size for 2023 is US$ 2.85 Bn and is expected to grow at a CAGR of 6.7% during the forecast period of 2023 to 2030.more:
Read more: https://www.ukwebwire.com/india-static-compression-therapy-market-size-analysis/
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