"Cable Protection Tubes Market to Exhibit Steady Growth in Near Future"
The cable protection tubes market worldwide is expected to grow with a CAGR of 6.30% during the forecast period from 2019 to 2027. Cable protection tube is used to protect and align the overall cabling/wiring in a building or other structures. The market is primarily dependent upon the construction industry worldwide and related spending on cable management products. In 2018, construction industry contributed to more than 13% of the world GDP. Subsequently, the demand for cable management products (such cable protection tubes) is expected to remain strong in years to come. Cable protection tubes are waterproof, fireproof and can enhance cable performance and life. Due to rise in construction industry and increasing electricity demand in developing economies, we are expecting a steady growth in the cable protection tubes market.
Market Synopsis
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"Flexible Cable Protection Tubes to Continue as the Market Leader"
In 2018, flexible protection tubes led the market with more than 60% share worldwide. Due to their flexibility and varied applicability across electricity distribution network flexible cable protection tubes is on rise. On account of various benefits such as lightweight, low cost, easy to haul around and others, the flexible cable protection tubes are higher in demand. Additionally, flexible cable protection tubes are easy to install in wood or metal frame walls and even in concrete walls. As a result of this, flexible cable protection tubes to lead the market in the forecast period.
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"Asia Pacific to Emerge as the Market Leader in the Forecast Period"
In 2018, North America led the cable protection tube market with more than 40% of the global market revenue worldwide. In North America, construction industry contributes more than US$ 625 Bn in overall GDP, thereby creating huge potential for cable management products. In addition, people in North America are more inclined towards purchasing high quality installation products that comply with electrical standards. Further, Asia Pacific is expected to register the fastest growth in the market during the forecast period. Since, construction industry is on rise in Asia Pacific, mainly in China and India; we are expecting a rapid growth in the region.
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Major market players emphasize on introducing new products. For example, Electri-Flex Company launched stainless steel cable protection tubes in October 2017, to increase their product portfolio. These stainless steel tubes provides exceptional resistance to corrosive atmospheres such as chemical processing, water treatment plants and other specialty application where plastic tubes may not be adequate. Some of the prominent players operating in the cable protection tubes market include Hubbell Incorporated, Schneider Electric SE, ABB Ltd, Legrand S.A., Atkore International Inc., Electri-Flex Company, Eaton Corporation PLC, Robroy Industries, Champion Fiberglass Inc., Dura-Line Holdings Inc., Thomas and Betts Corporation, HellermannTyton Group Plc., Aliaxis SA, Calpipe Industries, Inc. Anamet Electrical, Inc., Electri Flex Co, and others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The cable protection tubes market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global cable protection tubes market based on product type, material type, application/end user and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Product Type (2019–2027; US$ Bn)
• Rigid Cable Protection Tubes
• Flexible Cable Protection Tubes
|
|
Material Type (2019–2027; US$ Bn)
• Metallic
• Non-Metallic
|
|
Application/End User (2019–2027; US$ Bn)
• Industrial
• Commercial
• Residential
|
|
Geography Segment (2019–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of cable protection tubes in 2018 and forecast up to 2027?
- Which is the largest regional market for cable protection tubes?
- What are the major trends followed in overall cable protection tubes across different regions?
- What are the key market trends and high-growth opportunities observed in the cable protection tubes market?
- What are the drivers of the cable protection tubes market?
- Who are the key cable protection tubes companies leading the market?
- What are the key strategies adopted by the leading cable protection tubes companies in market?
Unique data points of this report
- Statistics on construction sector worldwide
- Statistics on overall cable management market across the world
- Recent trends across different regions in terms of adoption of cable protection tubes
- Notable developments going on in the cable protection tubes industry
- Attractive investment proposition for cable protection tubes segment as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
