Cable Management Accessories

Cable Management Accessories

Global Cable Management Accessories Market to Reach $2.7 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Cable Management Accessories estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$2.7 Billion by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027. IT and Telecom, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$481 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Manufacturing segment is readjusted to a revised 7.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $491.1 Million, While China is Forecast to Grow at 9.1% CAGR

The Cable Management Accessories market in the U.S. is estimated at US$491.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$579 Million by the year 2027 trailing a CAGR of 9.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$366 Million by the year 2027.

Energy and Utility Segment to Record 6.7% CAGR

In the global Energy and Utility segment, USA, Canada, Japan, China and Europe will drive the 6.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$191.6 Million in the year 2020 will reach a projected size of US$291.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 8% CAGR through the analysis period.

Select Competitors (Total 34 Featured) -

• Anixter International, Inc.
• CableOrganizer.com, LLC.
• Cembre S.p.A.
• Chatsworth Products, Inc.
• Eaton's B-Line Business
• Gustav Klauke GmbH
• Legrand SA
• Panduit Corporation
• Partex Marking Systems Inc
• Schneider Electric SA
• TE Connectivity Corporation
• Thomas & Betts Corporation
• Weidmuller Interface GmbH & Co. KG

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