Global Cable Duct Market, By Type (Flexible Cable Duct, Rigid Cable Duct), Material (Concrete Cable Duct, Plastic Cable Duct, Metal Cable Duct), End-user (IT and Telecommunications, Energy and Utility, Transportation, Industrial Manufacturing, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the next few years, the construction industry is anticipated to pick up steam after expanding consistently. According to consensus predictions, the US construction industry will expand by 4% in 2018, with the residential sector likely to rise by 6%. In contrast, the non-residential and non-building sectors are predicted to expand by 2% and 4%, respectively. The demand for cable ducts is anticipated to increase with the expansion of the construction sector, which will fuel market expansion.
Global cable duct market was valued at USD 5.83 million in 2021 and is expected to reach USD 8.61 million by 2029, registering a CAGR of 5.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Flexible Cable Duct, Rigid Cable Duct), Material (Concrete Cable Duct, Plastic Cable Duct, Metal Cable Duct), End-user (IT and Telecommunications, Energy and Utility, Transportation, Industrial Manufacturing, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Atkore (U.S.), Legrand. (France), Schneider Electric (France), ABB (switzerland), Aliaxis Group S.A. (Belgium), Mitsubishi International Corporation (Japan), Eaton (Ireland), Robroy Industries (U.S.), Anamet Electrical Inc. (U.S.), Barton Engineers Ltd. (U.K.), Zekelman Industries (U.S.), HellermannTyton (U.K.), Champion Fiberglass, Inc. (U.S.), BPX Electro Mechanical Co. Ltd. (U.K.), Omega Engineering, Inc, (U.S.), Panduit (U.S.), Phoenix Contact (Germany)
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Market Opportunities
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Market Definition
Cable ducts are made from exclusively compounded high impact rigid polyvinyl chloride. The ducts in question do not peel, chip, or split. It withstands fungi, oil, and salt solutions. It is UL 94 V0 compliant, non-brittle, and warp-proof, and it is also non-flammable. It can withstand temperatures of up to 60 degrees Celsius and has a strong dielectric strength. It enhances clarity and aesthetics, makes connections more quickly, makes adding wires possible, and facilitates wire mistake tracing. They are mostly utilized as cable and wire raceways within electrical enclosures.
Cable Duct Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Burgeoning Advantages of Cable Ducts
The cable duct is advantageous because it makes wiring safer and simpler, enables easier and more frequent adjustments to the wiring system, and provides protection even in hazardous and wet environments. The analysis of the wire and cable industry also notes the rise in renewable energy production. This is thought to be one of the key drivers of the electric cable and wire market's expansion. This element is projected to encourage the cable duct market's expansion.
- Increased Utilization of Cable Ducts
The cable ducts are primarily utilised as raceways for cables and wires within electrical enclosures. Cable ducts are widely used as crucial parts of a cable management system, along with conduit, wiring ducts, wire ways, and cable carriers. As a result, the cable ducts protect the wiring replacements from external alterations such as electromagnetic interference, dampness, combustible gases, and chemical vapours. Consequently, the surge in utilization of cable ducts for various applications across the industries will further boost the overall market growth over the forecasted period.
Furthermore, the factors such as huge demand from IT facilities and data centers along with the rising urbanization will accelerate the overall market expansion during the forecast period. Additionally growth in renewable power generation is anticipated to drive the growth rate of the cable duct market. The development of frequently changed wiring systems in constructions coupled with the rise in the development of the construction industry will further positively impact the growth rate of the market during the forecast period.
Opportunities
- Investments And The Product Innovations
The growing investments in infrastructure expansion activities is estimated to generate lucrative opportunities for the market, which will further expand the cable duct market's growth rate in the future. Additionally, the innovation in products according to installation and price convenience by market players further offer numerous growth opportunities within the market.
Restraints/Challenges
- High Raw Material Cost
The raw material required for the cable ducts such as concrete, plastic, and metal, can sometimes be very expensive due to disruptions and other reasons, which further derail the overall market’s growth. This further increases the product's overall cost, which is expected to obstruct market growth over the forecast period.
- Limitations of Cable Ducts
The market growth rate will be further slowed down by various limitation such as less safety for humans which further results in the more faults, accidents or failures. This factor will pose as a significant challenge for the cable duct market over the forecast period.
This cable duct market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cable duct market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Cable Duct Market
The cable duct market was immensely impacted by the outbreak of COVID-19, as the need for new electrical cable and wiring installations has been limited. The worldwide shutdown has further hampered the construction sector that has largely declined the cable ducts' demand. Two major factors—weak macroeconomic fundamentals in many economies across the world and weak microeconomics in the cable manufacturing industries—can be blamed for the slowdown in demand growth in the wire duct market. The pandemic has a detrimental effect on the cable duct market's demand-supply chain.
However, manufacturing activity has accelerated in the final quarter of 2020. The rise of the wire duct market was aided by a number of regulatory stimuli and customer attitudes. The need for new electrical installations in office and residential buildings has also increased.
Global Cable Duct Market Scope
The cable duct market is segmented on the basis of type, material and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Flexible Cable Duct
- Rigid Cable Duct
Material
- Concrete Cable Duct
- Plastic Cable Duct
- Metal Cable Duct
End-user
- IT and Telecommunications
- Energy and Utility, Transportation
- Industrial Manufacturing
- Others
Cable Duct Market Regional Analysis/Insights
The cable duct market is analyzed and market size insights and trends are provided by country, type, material and end-user as referenced above.
The countries covered in the cable duct market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the cable duct market because of the rapid infrastructure buildings activities done in the region, mainly India and China over the forecast period of 2022 to 2029.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to growing investments in infrastructure expansion activities within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cable Duct Market Share Analysis
The cable duct market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cable duct market.
Some of the major players operating in the cable duct market are
- Atkore (U.S.)
- Legrand. (France)
- Schneider Electric (France)
- ABB (Switzerland)
- Aliaxis Group S.A. (Belgium)
- Mitsubishi International Corporation (Japan)
- Eaton (Ireland)
- Robroy Industries (U.S.)
- Anamet Electrical Inc. (U.S.)
- Barton Engineers Ltd. (U.K.)
- Zekelman Industries (U.S.)
- HellermannTyton (U.K.)
- Champion Fiberglass, Inc. (U.S.)
- BPX Electro Mechanical Co. Ltd. (U.K.)
- Omega Engineering, Inc, (U.S.)
- Panduit (U.S.)
- Phoenix Contact (Germany)
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