The global Cable Management Accessories Market is estimated to be valued at US$ 2.85 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Cable Management Accessories consist of cable ties, clips, labels and other products that help in bundling and organizing cables in a proper manner. These accessories ensure effective cable management for neat installation, maintenance and identification of various cables in networking infrastructure, data centers and telecommunication equipment rooms.

Market key trends:
One of the key trends in the cable management accessories market is the increasing demand for cable management products that provide effective cable routing and organization solution in data center applications. The growth in number of data centers globally has fueled the need for cable management accessories to enable neat installation of various power, fiber optic and networking cables. Furthermore, accessories like J-Hooks, cable straps and cable trays that facilitate vertical and horizontal cable routing in rack cabinets are witnessing higher sales. Innovation in design and material of cable management accessories to provide easy installation and better durability is another major trend in this market.

Segment Analysis
The global cable management accessories market can be segmented based on product type, material, and end-use industry. Based on product type, the cable ties segment dominated the market in 2023 due to growing demand for cable organization and secure bundling of cables in various industries. Cable ties are cost-effective and easily available, making them a preferred choice for cable management.

Key Takeaways
The Global Cable Management Accessories Market Size is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing demand for network reliability and faster data transfer in industries. North America dominates the market currently due to extensive fiber optics and 5G network build outs in the region.

The cable management accessories market in Asia Pacific is projected to grow at fastest pace due to rapid industrialization and infrastructural developments in major economies like China and India. Government initiatives to build Smart Cities and invest in IT infrastructure will augment regional growth.

Key players operating in the cable management accessories market are Partex Marking Systems USA, Cooper Wiring Devices, Schneider Electric SE, Chatsworth Products Inc., Legrand SA, Weidmuller Interface GmbH & Co. KG, Thomas & Betts Corporation, Anixter Inc., HellermannTyton Group PLC, Panduit Corp., TE Connectivity Ltd., Cembre SpA, Klauke GmbH, and CableOrganizer.com LLC. Major players focus on new product launches and mergers & acquisitions to gain shares and diversify their product portfolio.

 

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