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Cable Racks Market

Cable Racks Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Market Insights on Cable Racks covering sales outlook, demand forecast & up-to-date key trends

Cable Racks Market Overview

According to research study estimates, the Cable racks market is set to witness a consistent and a healthy growth during 2021 – 2031 with a CAGR in range of 7% to 8%. Steady rise in industrial infrastructure, including manufacturing sectors, power generation and IT & telecommunication centers is expected to contribute towards the growth of the market.

What is Driving Demand for the Cable Racks Market

Cable racks are used in the electrical wiring of buildings, for supporting insulated electrical cables which is then used for power control, distribution and communication.

Demand from commercial buildings incorporating power supply provision is deemed to be a key end use of the device. With hefty new construction projects as well as refurbishment jobs spanning offices, airports, shopping centers, etc. the cable racks market is set to get a boost from the mentioned sector.

They are also a feasible solution for supporting requirements of power, electric signals, and instrumentation control and in communication cables. Moreover, the availability of cable racks in several styles and sizes which make them flexible and convenient for changes in wiring systems, which is further expected to boost the growth of the market. Also, substantial demand from industrial facilities and warehouses are likely to support the market growth.

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Growing Demand From Construction Industry to Boost the Sales of Cable Racks

High demand in the construction industry, due to rapid urbanization and rising investments in industrial infrastructure is anticipated to grow the market. The racks are utilized during the installation of new cables. It provides huge benefits as a cable management product for wiring systems across various industries.

They are also hugely adopted in industrial and commercial infrastructure for distributing a large amount of electricity in any equipment, also by resisting fire in spite of carrying heavy loads.

How is Asia Pacific Proving as an Attractive Region for The Growth of the Cable Racks Market

Growth in industrialization, higher migration to urban areas and depleting space are the factors driving the demand for the market. Lower space and the requirement of efficient insulation of electric cables without any damage to cables is also anticipated to increase the size of the market in the region.

Investments in emerging information technology and telecommunication in developing economies of India and China will further propel the market.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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USA – A lucrative Country for High Growth of the Cable Racks Market

A high presence of large IT companies such as AOL, Yahoo, Facebook, and Google amongst many others, and stringent organizational policies for operations of workplaces and safe monitoring will favor the growth of the market in USA.

High developments and investments in residential, commercial and industrial infrastructure in the country will also contribute towards the growth of the market in the same.

Who are the Key Manufacturers and Suppliers in the Cable Racks Market

Some of the leading manufacturers and suppliers of Cable racks include

  • Eaton Corporation,
  • Legrand,
  • Schneider Electric,
  • Thomas and Betts,
  • Atkore International,
  • Hoffman, MP Husky,
  • Oglaend System,
  • Techline Manufacturing,
  • Chalfant Manufacturing Company,
  • RS Pro,
  • Marco Cable Management,
  • Unitrunk, Chatsworth Products,
  • Panduit,
  • Enduro Composites amongst others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments

By Material:

  • Steel
  • Aluminum
  • Stainless Steel

By Type:

  • Ladder
    • Welded Ladder
    • Swaged Ladder
  • Trough
  • Solid Bottom
  • Channel
  • Wire Mesh
  • Single Rail

By End User:

  • Construction
  • Power
  • Manufacturing
  • IT & Telecom
  • Others

By Region:

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • BENELUX
    • Russia
    • Rest of Europe
  • South Asia and Pacific
    • India
    • ASEAN
    • ANZ
    • Rest of South Asia and Pacific
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • Northern Africa
    • South Africa
    • Rest of Middle East and Africa
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Nikhil Kaitwade
Principal Consultant
LinkedIn
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