The global cable duct market was valued at $6.2 billion in 2022, and is projected to reach $13.3 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032.
Cable ducts are a type of cable management system used to protect and route cables in a safe and organized manner. They come in various sizes and shapes and are made of materials such as plastic, metal, or fiber-optic materials. Cable ducts are used in industries such as power transmission, telecommunications, data centers, and manufacturing. They are essential for maintaining a clean and organized working environment, preventing damage to cables, and ensuring safety.
The growth of global cable duct is majorly driven by the rise in demand for high-speed internet paired with an Increase in demand for power and communication infrastructure. Moreover, the infrastructure development initiatives by governments are expected to drive market growth. However, the high initial installation and maintenance costs act as prime restraints of the global market. Growth in demand for smart homes and buildings is anticipated to provide lucrative opportunities for the cable duct industry during the forecast period.
The cable duct market is segmented into product type, material, end-use industry, and region. On the basis of product type, the market is bifurcated into flexible cable duct and rigid cable duct. On the basis of material, the market is fragmented into PVC cable duct, polyethylene cable ducts, fiberglass cable ducts, and others. On the basis of end-use industry, the cable duct market is classified into IT and telecommunications, energy and utility, automotive, industrial manufacturing, and others.
On the basis of region, the cable duct market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The key players operating in the market Include Legrand SA, Schneider Electric SE, Atkore International Group Inc., ABB Ltd., Panduit Corporation, HellermannTyton Group PLC, CommScope Holding Company, Inc., TE Connectivity Ltd., Leviton Manufacturing Co. Inc., and Eaton Corporation.
Cable ducts are a type of cable management system used to protect and route cables in a safe and organized manner. They come in various sizes and shapes and are made of materials such as plastic, metal, or fiber-optic materials. Cable ducts are used in industries such as power transmission, telecommunications, data centers, and manufacturing. They are essential for maintaining a clean and organized working environment, preventing damage to cables, and ensuring safety.
The growth of global cable duct is majorly driven by the rise in demand for high-speed internet paired with an Increase in demand for power and communication infrastructure. Moreover, the infrastructure development initiatives by governments are expected to drive market growth. However, the high initial installation and maintenance costs act as prime restraints of the global market. Growth in demand for smart homes and buildings is anticipated to provide lucrative opportunities for the cable duct industry during the forecast period.
The cable duct market is segmented into product type, material, end-use industry, and region. On the basis of product type, the market is bifurcated into flexible cable duct and rigid cable duct. On the basis of material, the market is fragmented into PVC cable duct, polyethylene cable ducts, fiberglass cable ducts, and others. On the basis of end-use industry, the cable duct market is classified into IT and telecommunications, energy and utility, automotive, industrial manufacturing, and others.
On the basis of region, the cable duct market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The key players operating in the market Include Legrand SA, Schneider Electric SE, Atkore International Group Inc., ABB Ltd., Panduit Corporation, HellermannTyton Group PLC, CommScope Holding Company, Inc., TE Connectivity Ltd., Leviton Manufacturing Co. Inc., and Eaton Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cable duct market analysis from 2022 to 2032 to identify the prevailing cable duct market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cable duct market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global cable duct market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Rigid cable duct
- Flexible cable duct
By Material
- PVC cable duct
- Polyethylene cable duct
- Others
- Fiberglass cable duct
By End Use Industry
- IT and Telecommunication
- Energy and Utility
- Automotive
- Industrial Manufacturing
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- ABB
- Eaton Corporation
- Panduit Corporation
- Legrand SA
- HellermannTyton Group PLC
- TE Connectivity Ltd.
- Atkore International Group Inc.
- CommScope Holding Company, Inc.
- Leviton Manufacturing Co. Inc.
- Schneider Electric SE.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CABLE DUCT MARKET, BY PRODUCT TYPE
CHAPTER 5: CABLE DUCT MARKET, BY MATERIAL
CHAPTER 6: CABLE DUCT MARKET, BY END USE INDUSTRY
CHAPTER 7: CABLE DUCT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Cable Duct Market,' The cable duct market was valued at $6.2 billion in 2022, and is estimated to reach $13.3 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032.The Cable Duct Market is likely to experience a significant growth rate of 7.8% from 2023 to 2032 owing to increasing market demand from the IT & Telecommunication sector.
Cable ducts, also known as cable conduits, are essential components in electrical and communication systems. These conduits provide a protective pathway for cables, ensuring proper organization, routing, and shielding against external factors. The cable duct market is driven by the increasing demand for efficient and safe cable management solutions across various industries such as construction, telecommunications, and manufacturing. Rapid urbanization and infrastructure development worldwide further contribute to market growth. Additionally, the rising adoption of advanced technologies, including fiber optics and high-speed data transmission, fuels the demand for cable ducts with enhanced performance and durability.
Key factors driving the growth of the cable duct market include an increasing demand for power and communication infrastructure paired with the rising demand for high-speed internet. The growth in demand for power and communication infrastructure in developing countries drives the demand for cable ducts. Rapid industrialization and urbanization have led to an increase in demand for electricity and communication systems, which requires a robust cable network to transmit data and power. Cable ducts provide a safe and secure channel for these cables, ensuring protection from environmental factors, and facilitating the efficient installation, maintenance, and repair of cables. This demand is expected to continue in the future due to the increase in population and the need for modern infrastructure. In addition, the rise in demand for high-speed internet has been a significant driver of the cable duct market. The increase in popularity of online streaming services and the need for reliable internet connectivity have created a growth in demand for fiber-optic cable ducts. Fiber-optic cables can transmit data at higher speeds over long distances with low signal loss, making them an ideal choice for high-speed internet connectivity. All these factors are driving the growth of the cable duct market during the forecast period.
The market also offers growth opportunities to the key players in the market. The growth in demand for smart homes and buildings is another opportunity for the cable duct market. Smart homes and buildings require various systems to be integrated, including lighting, security, entertainment, and temperature control, among others. These systems are interconnected through a network, which requires efficient cable management solutions, such as cable ducts. In addition, the increase in the adoption of Internet of Things (IoT) devices in smart homes and buildings drives the demand for cable ducts, thereby providing growth opportunities for the stakeholders in the coming years.
- On the basis of product type, the market is categorized into flexible cable duct and rigid cable ducts. Based on material, the market is fragmented into PVC cable duct, polyethylene cable ducts, fiberglass cable ducts, and others. Further, the cable duct market by end-use industry is segmented into IT and telecommunications, energy and utility, automotive, industrial manufacturing, and others. Region-wise, the cable duct market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Key Market Insights
- By-product type, the flexible cable duct segment was the highest revenue contributor to the market and is estimated to reach $8.1 billion by 2032, with a CAGR of 8.8%. However, the rigid cable duct segment is estimated to be the fastest growing segment with a CAGR of 6.4% during the forecast period.
- Based on material, the PVC cable duct segment was the highest revenue contributor to the market, with $2.8 billion in 2022, and is estimated to reach $6.0 million by 2032, with a CAGR of 7.7%.
- By end-use industry, the energy and utility segment is expected to emerge as the fastest-growing segment of the market with a CAGR of 8.9% during the period of 2023-2032. The IT and telecommunication segment dominated the market in the year 2022.
- Based on region, Asia-Pacific was the highest revenue contributor, accounting for $2.1 billion in 2022, and is estimated to reach $5.1 billion by 2032, with a CAGR of 8.7%.
Companies Mentioned
- ABB
- Eaton Corporation
- Panduit Corporation
- Legrand SA
- HellermannTyton Group PLC
- TE Connectivity Ltd.
- Atkore International Group Inc.
- CommScope Holding Company, Inc.
- Leviton Manufacturing Co. Inc.
- Schneider Electric SE.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 382 |
| Published | June 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 6.2 billion |
| Forecasted Market Value ( USD | $ 13.3 billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
