Cable Protection Tubes Market By Product Type (Rigid Cable Protection Tubes, Flexible Cable Protection Tubes), By Material Type (Metallic, Non-Metallic), By Application (Industrial, Residential, Commercial) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Cable Protection Tubes Market to Exhibit Steady Growth in the Near Future

The cable protection tube market worldwide is expected to grow at a CAGR of 6.30% during the forecast period from 2019 to 2027. A cable protection tube is used to protect and align the overall cabling and wiring in a building or other structure. The market is primarily dependent upon the construction industry worldwide and related spending on cable management products. 

In 2018, the construction industry contributed more than 13% of the world's GDP. Subsequently, the demand for cable management products (such as cable protection tubes) is expected to remain strong in the years to come. Cable protection tubes are waterproof and fireproof and can enhance cable performance and life. Due to the rise in the construction industry and increasing electricity demand in developing economies, we are expecting steady growth in the cable protection tube market.

Market Synopsis

Flexible Cable Protection Tubes to Continue as the Market Leader

In 2018, flexible protection tubes led the market with more than 60% of the worldwide market. Due to their flexibility and varied applicability across the electricity distribution network, the use of flexible cable protection tubes is on the rise. On account of various benefits such as being lightweight, low cost, easy to haul around, and others, flexible cable protection tubes are in higher 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 will lead the market in the forecast period.

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's revenue. In North America, the construction industry contributes more than US$ 625 billion to the overall GDP, thereby creating huge potential for cable management products. In addition, people in North America are more inclined to purchase 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 the construction industry is on the rise in Asia Pacific, mainly in China and India, we are expecting rapid growth in the region.

Major market players emphasize introducing new products. For example, Electric-Flex Company launched stainless steel cable protection tubes in October 2017 to increase its product portfolio. These stainless steel tubes provide exceptional resistance to corrosive atmospheres, such as those in chemical processing, water treatment plants, and other specialty applications 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., Electric-Flex Company, Eaton Corporation PLC, Robroy Industries, Champion Fiberglass Inc., Dura-Line Holdings Inc., Thomas & Betts Corporation, HellermannTyton Group Plc., Aliaxis SA, Calpipe Industries, Inc., Anamet Electrical, Inc., Electric Flex Co., and others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is 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 the global cable protection tube market based on product type, material type, application/end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the market size of cable protection tubes in 2018, and what is the 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 market for cable protection tubes?
• Who are the key cable protection tube companies leading the market?
• What are the key strategies adopted by the leading cable protection tube companies on the market?

Unique data points of this report

• Statistics on the construction sector worldwide
• Statistics on the overall cable management market across the world
• Recent trends across different regions in terms of the adoption of cable protection tubes
• Notable developments are going on in the cable protection tube industry.
• attractive investment proposition for the cable protection tubes segment as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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