Cable management includes products used for installation of cables and wires across different construction applications. The overall cable management includes various products such as cable cleats, electrical raceways, cable trays, electrical conduits and floor ducts, among others. These products are used in combination to organize and maintain the overall wiring system of a building. Cable cleats refer to products used to ensure the retention and support of cables. These are commonly used across a diverse range of end-use applications including IT & telecommunication, industrial, commercial, energy & utility, transportation and metal & mining, among others. Cable cleats have been used for several decades and with the consistent rise in electrification and infrastructural advancement, the demand for cable cleats is expected to rise consistently in the following years. Nevertheless, the product has been witnessing enhanced demand since 2003, with the introduction of the EN 50368 standard.
The most prominent factor fueling the market growth for cable cleats is consistently rising construction sector across the world. Cable cleats are primarily used across commercial buildings, industrial buildings, power lines and transportation. With continued rise across these construction sectors, the demand for related cable management products (such as cable cleats) is projected to remain strong in the following years. Another major factor propelling the market growth is the superior advantages of cable cleats for effective cable management. The use of cable cleats results into longer life of cables as they help to reduce physical stress.
The report titled “Cable Cleats Market- Growth, Future Prospects and Competitive Landscape, 2020-2028” offers strategic insights into the global cable cleats market with a focus on the market size and estimates for the duration 2018 to 2028. The said research study covers in-depth analysis of market segments based on material, number of cores and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2019 & 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.
In order to help strategic decision makers, the report also includes competitive profiling of the leading cable cleats manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include Ellis Patents Ltd., Remora Electrical Limited, BICON, Eland Cables Limited, CMP Products Limited, Oglaend System Group, Nantong Naco Fluid Equipment Co. Ltd., IPD Group Limited, TransDelta International Industries L.L.C and Novoflex Marketing Pvt. Ltd.
Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global cable cleats market, offering market size and estimates for the period from 2020 to 2028, keeping in mind the above-mentioned factors.
As of 2016, the non-metallic cable cleats dominated the overall cable cleats market worldwide. Non-metallic cable cleats provide superior protection from short circuit over metallic cable cleats. The cleats ensure firm holding without damaging the cable. The cleats are less expensive and easily replaceable compared to its metallic counterpart. Non-metallic cable cleats are ideal for low and medium voltage applications and thereby, witnessed a higher level of adoption. Owing to the features they offer over metallic cable cleats, the demand of non-metallic cable cleats is expected to rise considerably in the following years.
Metallic cable cleats trailed the non-metallic cable cleats in terms of revenue, as of 2016. The metallic cable cleats are designed in such a way that in case of any short circuit fault condition, the cleats will contain the cables without causing any damage to the cables or the cleats itself. This facilitates the restoration process in less time and at very less maintenance cost compared to other methods such as circuit breakers or cable ties. For high voltage cable management application metallic cable cleats are extensively used. With growing demand of cable cleats in power sector, the demand for metallic cable cleats is also expected to grow consistently throughout the forecast period.
As of 2016, the multicore cable cleats segment dominated the overall cable cleats market worldwide. These cleats are generally used for medium to high voltage applications such as transmission and distribution units. The multicore cable cleats can accommodate cables with large diameters and are able to withstand high electromechanical force exerted by the cables. Applicable for both horizontal and vertical mounting, multicore cable cleats are used for a wide range of end-use applications including industrial as well as commercial infrastructures.
Single core cable cleats segment trailed the multicore cable cleats in terms of revenue, as of 2016. These cable cleats are generally used to segregate the collection of the cable into individual cable for different applications. These cable cleats are effective in both the horizontal and vertical running of cables. Single cable cleats are also used where the space for cable is limited. However, with limited applications, the single core cable cleats are expected to demonstrate a moderate growth as compared to multicore cable cleats.
As of 2016, Asia Pacific dominated the overall cable cleats market in terms of revenue as well as in volume. The market here is primarily governed by growing commercial and transportation infrastructure in the region. China and India are among the highest growing markets for the industrial, commercial and transportation construction sectors. Due to rising population and urbanization in the region, the construction industry here is expected to witness steady growth in the following years. Asia Pacific is expected to dominate the overall cable cleats market throughout the forecast period during 2017- to 2025.
North America trailed Asia Pacific in the overall cable cleats market in terms of revenue and volume. The region witnessed a trend of brand awareness among the consumers in the cable cleats market. In addition, the cable cleat providers are strictly required to manufacture their products in compliance with electrical regulation organizations such as National Electric Code (NEC) and National Electrical Manufacturers Association (NEMA). Consequently, due to high awareness related to effective cable management, all of the cable management products have witnessed profound adoption across the region.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Cable Cleats market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
