(EnergyIndustry.Net, June 03, 2023 ) As per Maximize Market research, the total global market for the “Cable Management Market” was USD 23.30 Bn in 2022 and is expected to grow at a CAGR of 7.87 percent over the forecast period to reach USD 39.6 Bn by 2029
Cable Management Market Report Scope and Research Methodology
The research report shed light on market growth and estimated values with a SWOT analysis to assess the internal and external factors that contribute to the advantages, disadvantages, strengths, and weaknesses of key market players. The bottom-up approach was used for the estimation of market size.
The major factor that drives the cable management market is the major changes in price fluctuation of raw materials such as rubber, aluminum, Copper, and plastic which are usually used in the manufacturing of cable management products.
Cable Management Market Regional Insights
North America and Europe are major market shareholders in the cable management market. North America and Europe are maturely owing to high investments made in infrastructure projects. The burgeoning adoption of management systems for maintaining proper track of data and power cables and the need for high-performance data cables in the IT and telecom industry are expected to propel the market.
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