About Cable Raceway Systems
Cable raceway systems are the channels that are mounted on the walls, desks or other surfaces. These channels runs cable through it which helps in setting up of wires. The cable raceway systems are most common cable management tools which are used in homes and by professionals. It involves metal and non-metal conduits, surface and underfloor raceways. Moreover, raceways keep the cables safe from any mechanical stress. There are different types of raceways for different applications such as for homes, professionals, outdoors, and industrial settings.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The competitive landscape empowers informed decision-making, whether you're a manufacturer, installer, or architect. Identifying your target market, project requirements, and budget can help you choose the right raceway system for your needs. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Cable Raceway Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton (Ireland), Atkore International (United States), Thomas & Betts Corporation (United States), Legrand (France), Schneider Electric (France), Hubbell (United States), Calpipe Industries (United States) and Hellermann Tyton (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Electri-Flex (United States), Prime Conduit (United States), Dura-Line (United States) and Robroy Industries (United States).
Segmentation Overview
AMA Research has segmented the market of Global Cable Raceway Systems market by Type (Rigid Cable Raceway Systems and Flexible Cable Raceway Systems), Application (Home, Professional, Outdoors, Industrial settings and Others) and Region.
On the basis of geography, the market of Cable Raceway Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Position, the sub-segment i.e. Surface mounted will boost the Cable Raceway Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry verticals, the sub-segment i.e. Energy and Utility will boost the Cable Raceway Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material type, the sub-segment i.e. Metal material will boost the Cable Raceway Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Cable Management Systems
Market Growth Drivers:
Increasing Accumulation of Clustered Tangles of Wires in Homes and Buildings, Applications in Various Industries Such as IT and Telecom, Manufacturing and Others and Changes in Government and Organizational Regulations
Challenges:
Fluctuations in Raw Material Prices
Restraints:
Availability of Alternatives Such as Fiber Runner Cable Channels
Opportunities:
Growing construction activities is increasing the concerns for clustered cable wires is boosting the market of cable raceway systems.
Market Leaders and their expansionary development strategies
In March 2023, Treasury Prime announced a partnership with Cable, an all-in-one financial crime compliance effectiveness testing platform, to enhance compliance assurance and testing capabilities for Treasury Prime customers. Through this partnership with Cable, companies and banks working with Treasury Prime can access automated assurance and oversight capabilities in a single platform, allowing them to manage and understand their financial crime program across their entire portfolio.
In January 2024, Panduit, launched of its next generation of cable management solutions, the Wire Basket Cable Tray Routing System, an offering designed to route and manage copper data cables, fiber optic, or power cables within data center, connected building, and industrial environments. Wire Basket provides an innovative design that improves strength-to-weight ratio compared to competitive options and is easier and quicker to install, providing a cost-effective installation solution.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.