Cable Duct Market Size, Share, Industry Trends and Forecast to 2030

Cable Duct Market Size & CAGR in 2021

The global cable duct market is anticipated to witness a steady growth rate with a CAGR of 4.5% in 2021. The market size is expected to reach USD 8,750 million by the end of the year. The increasing demand for cable management solutions across various industries is driving the growth of the cable duct market.

COVID-19 Impact on the Cable Duct Market

The COVID-19 pandemic has had a mixed impact on the cable duct market. On one hand, the disruptions in the supply chain and manufacturing processes have posed challenges for market players. On the other hand, the increasing adoption of remote working and digital solutions has boosted the demand for efficient cable management systems, including cable ducts.

Cable Duct Dynamics

The cable duct market is driven by factors such as rapid urbanization, industrialization, and the increasing focus on infrastructure development. The need for organized cable management systems in residential, commercial, and industrial buildings is propelling the growth of the market. Additionally, the growing investments in the telecommunication sector are creating lucrative opportunities for market players.

Segments and Related Analysis

The cable duct market is segmented based on materials, types, applications, and end-users. The market is further segmented into PVC ducts, metal ducts, fiber ducts, and others. Based on types, the market includes rigid ducts, flexible ducts, and pre-wired ducts. The key applications of cable ducts are in residential buildings, commercial buildings, and industrial facilities.

By Region Analysis

The cable duct market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe hold a significant market share due to the presence of established infrastructure and technological advancements. The Asia Pacific region is expected to witness rapid growth due to the increasing investments in construction activities and the telecommunication sector.

Key Market Players and Competitive Landscape

Some of the key players in the cable duct market include Legrand, Schneider Electric, Atkore International, Thomas & Betts Corporation, and Leviton Manufacturing Co. The market is characterized by intense competition, with companies focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge.

Recent Happenings in the Cable Duct Market

- In 2021, Legrand introduced a new range of fire-rated cable ducts for enhanced safety in building environments. - Schneider Electric launched a smart cable management solution that integrates IoT technology for real-time monitoring and control. - Atkore International acquired a leading manufacturer of fiber optic cable ducts to expand its product portfolio. - Leviton Manufacturing Co. collaborated with a tech startup to develop a new line of sustainable cable ducts made from recycled materials.