The cable duct market is expected to register a CAGR of 4.55%, over the forecast period (2018 - 2023). The market is segmented by product type, material, and end user of cable ducts. The regions included in the scope of the report are - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The Increase in expansion of the construction industry is driving the growth of the cable duct market. In addition, there is a significant demand for highly secure and safe wiring systems in industrial and commercial applications, which fuels the growth of the cable duct market.
Growing Construction Industry
The construction industry grew at a steady rate of 2.4%, in 2016, and is expected to gain momentum, over the next five years. In 2016, global construction output reached USD 8.8 trillion, from USD 7.9 trillion in 2012. As per consensus forecast, in 2018, the US construction industry is expected to grow at 4%, with the residential sector poised to record the highest growth of 6%, whereas, the non-residential and non-building sectors are expected to record growth rates of 2% and 4%, respectively. Besides, construction spending during the first nine months of 2017 was around USD 917.0 billion, a 4.3% increase over the same period, in 2016. The highest growth rate is observed in the US hotel construction industry. With the expansion in construction industry, a rise in the demand for cable ducts is expected, thus leading to the growth of the market studied.
Frequent Alterations of Wiring Systems
The development of frequently altered wiring systems in buildings acts as a driving force of the global cable duct market. Owing to the easy replacement of conductors with a very low disruption, frequent wiring changes are made safer and simpler. Thus, the cable ducts protect the wiring replacements from chemical vapors, moisture, electromagnetic interruption, flammable gases, and other external discrepancies.
North America Dominates the Cable Duct Market
North America accounts for the largest market share in the global cable duct market and is expected to continue its dominance, over the forecast period. The countries in this region have more advanced commercial and industrial sectors. Moreover, in order to comply with contemporary requirements, the US government has commissioned several studies, to explore methods for upgrading the existing infrastructure. The United States is currently leading the cable duct market, due to regulations that mandate the usage of cable duct installations, mostly in the industrial manufacturing sector. This significantly fuels the need for cable duct, in North America. The construction and residential projects are among the most significant contributors to the North American cable duct segment.
Key Developments in the Market
- Sep 2017: Atkore International Group announced that it has acquired Flexicon Limited, a prominent global manufacturer of metallic and non-metallic flexible cable protection systems that carry many international market product approvals and serve the industrial, commercial, and infrastructure sectors, in more than 55 countries.
Major Players: Atkore International, Legrand, Aliaxis Group, Schneider Electric, ABB Ltd, Mitsubishi International Corporation, Eaton Corporation PLC, Champion Fiberglass Inc., Anamet Electrical Inc., Barton Engineers Ltd, Wheatland Tube, HellermannTyton, and Robroy Industries, among others.
Reasons to Purchase this Report
- Current and future global cable duct market outlook
- Performance of various segments of the market
- Analyzing different perspectives of the market, with the help of Porter’s five forces analysis
- Segments and sub-segments that are expected to dominate the market
- Regions expected to witness expedited growth, during the forecast period
- Latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support along with the Market Estimate sheet (in Excel)
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1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Expansion of the Construction Industry
4.2.2 Demand for Highly Secure and Safe Wiring Systems
4.2.3 Demand for Frequently Alterable Wiring Systems
4.3 Factors Restraining the Market
4.3.1 Unstable Raw Material Prices
4.3.2 Complications in Installation
4.4 Industry Attractiveness – Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry in the Industry
5. Global Cable Duct Market Segmentation
5.1 By Product Type
5.1.1 Flexible Cable Duct
5.1.2 Rigid Cable Duct
5.2 By Material
5.2.1 Concrete Cable Duct
5.2.2 Plastic Cable Duct
5.2.3 Metal Cable Duct
5.3 By End User
5.3.1 IT and Telecom
5.3.3 Energy and Utility
5.3.5 Other End Users
5.4 By Region
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6. Competitive Intelligence – Company Profiles
6.1 Atkore International
6.3 Schneider Electric
6.4 ABB Ltd.
6.5 Aliaxis Group
6.6 Mitsubishi International Corporation
6.7 Eaton Corporation PLC
6.8 Robroy Industries
6.9 Anamet Electrical Inc.
6.10 Barton Engineers Ltd
6.11 Wheatland Tube
*List not Exhaustive
7. Investment Analysis
8. Future of the Global Cable Duct Market