Industry Background:
Cable trunking is used to protect electric wires from damage and it gives protection from electric shock and reduce fire risk. Cable Trunking can be installed at any places such as in homes, offices, shopping malls, movie theatres, hotel and others. Cable Trucking is available in many sizes, forms and material, depending on the requirement and the location. Plastic cable trunking is available in low cost and in every size but due to government regulation on plastic in many countries have been limiting the growth of the market. Additionally, rising concern towards safety can be considered as of the key driver for the market. Moreover, rising demand from construction sector is likely to grow market with a healthy CAGR in the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | ARNOCANALI S.P.A. (Italy), REHAU (Switzerland), Auxema Stemmann (Spain), CANALPLAST (Italy), Dae Yeong Metal (South Korea), DIGITAL ELECTRIC (India), elcom SAS (France), Elettrocanali (Italy), Greiner (Austria), Hager Group (Germany), häwa GmbH (Germany), igus (Germany) and Marshall-Tufflex (United Kingdom) |
According to AMA, the market for Cabling Trunking is expected to register a CAGR of 6.85% during the forecast period to 2030. This growth is primarily driven by Low Cost and Availability of Cable Trunking and High Benefits Associated with Installation of Cable Trunking.
Globally, a noticeable market trend is evident Rising Safety Awareness as Cable Trunking offers Protection from Electric Shock Major Manufacturers, such as ARNOCANALI S.P.A. (Italy), REHAU (Switzerland), Auxema Stemmann (Spain), CANALPLAST (Italy), Dae Yeong Metal (South Korea), DIGITAL ELECTRIC (India), elcom SAS (France), Elettrocanali (Italy), Greiner (Austria), Hager Group (Germany), häwa GmbH (Germany), igus (Germany) and Marshall-Tufflex (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2022 BW Digital Pte. Ltd., an affiliate of BW Group Limited, has announced the formal completion of its acquisition of 100 percent of the shares of Hawaiki Submarine Cable Limited Partnership and International Connectivity Services Limited (“Hawaiki”)
In December 2023, Elcom International, a leading manufacturer of electronic and electromechanical components, has recently announced the launch of its new manufacturing assembly of power distribution units (PDU) with Hi-Tech Technology and Enhanced safety features. The new PDU products are designed to meet the international safety standards and provide reliable and advanced power distribution for a connected future.
Influencing Trend:
Rising Safety Awareness as Cable Trunking offers Protection from Electric Shock
Market Growth Drivers:
Low Cost and Availability of Cable Trunking and High Benefits Associated with Installation of Cable Trunking
Challenges:
Problems Associated During Installation of Cable Trunking
Restraints:
Government Regulation on Plastic Material due to Environmental Concern
Opportunities:
Rapidly Growing Construction and Electrical Sector
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cabling Trunking Market
- Analysis about New Entrants in Cabling Trunking Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cabling Trunking Study Sheds Light on
The Cabling Trunking Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cabling Trunking industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cabling Trunking industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.