Market Overview

The Europe cable management market was valued at USD 4,637.9 Million in 2022 and is projected to reach USD 8,580.3 Million by 2030. The market is expected to grow at a CAGR of 8% over the forecast period 2023-2030. 

The cable management industry in Europe is a growing market with great potential. In recent years, the industry has seen an increase in demand due to the growth of the construction and renovation sector. The market is driven by factors such as the increasing need for energy efficiency, rising construction activities, and the growing demand for smart buildings. With the growing focus on sustainability and reducing carbon footprint, the demand for energy-efficient buildings is on the rise. This, in turn, is driving the demand for cable management systems that enable the efficient distribution of power and data in these buildings.

Additionally, the trend towards urbanization and the increasing number of high-rise buildings are also driving the growth of the cable management market. As buildings become taller and more complex, the need for efficient and reliable cable management systems becomes even more vital.

However, the high cost of installation and maintenance is restraining the growth of the market. The cost of cable management systems can be quite high and many building owners are hesitant to invest in them. Additionally, the maintenance of these systems can also be costly and time-consuming.

Despite these challenges, the cable management market in Europe is expected to continue growing in the coming years. Innovations in technology and materials are making cable management systems more affordable and easier to maintain. This, along with the growing demand for energy-efficient buildings and smart cities, is expected to drive the growth of the market in the future.

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Market Dynamics:

Driver:

Advancements in Infrastructure & Technology

Over the past few years, there have been significant advancements in infrastructure and technology across Europe. This has resulted in a growing demand for efficient cable management solutions that can help organizations keep pace with the ever-changing landscape.

Europe cable management market is expected to grow significantly in the next few years, thanks to the increasing investment in infrastructure and technology projects. Some of the key drivers of this growth include:

• Increasing investment in smart city projects: Smart city initiatives are gaining popularity across Europe, with various governments investing heavily in such projects. This is resulting in a growing demand for efficient cable management solutions that can help manage the ever-increasing number of wires and cables.
• Rising adoption of 5G technology: 5G is the next generation of mobile network technology, and it is expected to rolled out across Europe over the next few years. This will result in robust demand in the cable management market for reliable cable management solutions that can handle the high bandwidth requirements of 5G networks.
• Growing demand for data centers: With businesses increasingly relying on digital data, there is a growing demand for data centers. This is resulting in an increased need for cable management solutions that can efficiently handle large amounts of data cables.

Restraint:

The Europe cable management market is facing numerous challenges due to the steep rise in raw material prices. Products such as hooks, clips, conduits, trays, wire managers, etc. are produced from raw materials such as aluminum, steel, PVC, and other plastic materials. The cost of these raw materials has spiked by 25% to 30% over the past two years, as economies have begun to open up after the impact of the Covid-19 pandemic.

This increase in raw material prices has had a significant impact on the cable management market. For example, Aluminum prices have increased by 85% while the price of steel has gone up by 50-90% during the period. The prices of polymers have also witnessed a rise of 50-90% in the past one and half years.

This has led to an increase in the cost of production for cable management companies, which has in turn affected their bottom line. The increase in raw material costs has also made it difficult for companies to maintain their profit margins.

To mitigate the impact of these rising raw material costs, cable management companies have adopted different strategies such as:

• Developing and implementing cost-saving measures
• Diversifying their product portfolio to reduce dependence on specific raw materials
• Finding alternative and more cost-effective raw materials
• Investing in automation and technology to increase efficiency and reduce labor costs

Segmental Analysis:

By Type

Based on type segment, the cable management market is bifurcated into electrical cable and communication cable. Among these, the electric cable segment held the highest segmental share in 2022. 

The demand for electric cable management systems has been increasing in recent years due to a growing emphasis on energy efficiency and sustainability. The use of renewable energy sources such as solar and wind power has led to an increase in the number of electric cables in use, and proper management of these cables is crucial for maintaining the integrity and efficiency of the electrical system. Additionally, the increased use of technology and automation in industrial and commercial settings has also driven demand for electric cable management systems. Overall, it is expected that the demand for electric cable management will continue to grow in the coming years as more and more companies look to improve their energy efficiency and adopt sustainable practices. 

By Product

Based on product segment, the cable management market is classified into bridle rings/cable hooks, cable conduits, cable glands, cable runway, cable ties, cable tray, cable twist lock, center-rail systems, raceways, vertical & horizontal cable managers, wire basket, wireway, and junction box among others. Among these, the cable conduits segment is estimated to hold the highest revenue opportunity of US$ 1293.7 Mn during the forecast period. This is because conduit is the first choice for many wiring installations. Unlike other products, the volume of conduits requirement for cable management is higher compared to other products, thereby increasing the segmental share of the product in 2022. For instance, a long run of conduits is required for underground cable management.

By Material

The material segment in the Europe cable management market is analyzed by bifurcating it into metallic and non-metallic segments. Among these, the metallic segment held the highest segmental share in 2022 and is also further projected to witness the fastest growth during the forecast period. Metals are used extensively in the production of cable management products such as conduits, clips, rings, rail systems, wireways etc. The share of aluminum is high among the metallic segment, this is because aluminum is the highest used metal for producing cable management products. Furthermore, aluminum has an edge over other metals with respect to its cost, good tensile strength, etc.

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By Design

In terms of design, the cable management market is divided into rigid and flexible segments. The rigid segment occupied the highest segmental share in 2022. The firmness associated with rigid design makes it ideal for situations which require higher performance level. Furthermore, compared to flexible, the rigid designed one can last for decades, thereby increasing their functionality. Moreover, it is easier to maintain. 

However, the flexible segment is projected to grow at the highest CAGR during the forecast period thanks to rising number of data centers and digital technology. F

By End User

Based on end user, the Europe cable management market is categorized into government, residential and commercial. Among these, the commercial segment held the highest share in 2022 and is further projected to grow at the highest CAGR during the forecast period. The commercial end user segment is the largest deployer of electric and communication cables. Therefore, they are the in need of cable management the most. The rising number of infrastructure and technology in Europe is driving growth of the commercial segment. 

By Distribution Channel

The distribution channel segment in the Europe cable management market is categorized into direct, distributor and online. Direct channel was responsible for generating over half of the segmental revenue in 2022. This is in line with the consumer behavior as construction, IT & telecom, mining, automation, marine and medical professionals prefer buying from the distributors of cable management. The segment is estimated to offer a lucrative revenue opportunity worth US$ 2,261.3 million during the forecast period.

By Region

Germany is the top shareholder country in the Europe cable management market in 2022. This is not surprising as Germany is known for its advanced technology and infrastructure, which makes it a leader in the field of cable management. According to World Population Review, European countries such as Germany and the UK are among the most technologically advanced nations in the world, and their advancements in technology and infrastructure are driving their high share of the European market.

In addition to its technological advancements, Germany's infrastructure projects, such as the German rail network, are also playing a significant role in the country's dominance in the cable management market. The expansion and modernization of the rail network is expected to increase the need for cable management solutions, which will further propel the market's growth in Germany.

The UK is also a significant player in the European cable management market and is following Germany closely. The UK government's focus on sustainable and green technologies has led to an increase in the demand for cable management solutions in the country. The UK's infrastructure projects such as high-speed rail and smart grid integration are also expected to drive the market's growth in the coming years.

The Europe cable management market is expected to grow at a steady rate in the coming years with the increasing need for sustainable and energy-efficient solutions. The market is expected to witness a significant growth in the industrial and commercial sectors, driven by the increasing adoption of automation and digitalization. Furthermore, governments are investing heavily in the sustainable infrastructure projects, which will also accelerate the market growth.

List of Key Companies Profiled:

The key players in the Europe cable management market are categorized under two heads: major electrical cable players and major plastic cable players. 

Major electrical cable players: 

• Anamet Europe
• Atkore International Holdings Inc.
• Chatsworth Products
• Eaton Corporation PLC
• Electri-Flex Company
• Hellermann Tyton
• Legrand SA
• Leviton Manufacturing Co., Inc.
• Panduit
• Prysmian S.p.A.
• Schneider Electric SE
• Thomas & Betts Corporation (ABB Ltd)
• Other Prominent Player

Major plastic cable player:

• Polypipe
• Wienerberger
• Frankishe
• Schlemmer
• Shintech
• Valdinox
• CANTEX INC.
• Other Prominent Player

Strategies of key players:

• In September 2020, DELFINGEN, which is engaged in the protection of electrical cables for the automotive industry, acquired SCHLEMMER. DELFINGEN would take care of the activities of the former company in Europe/Africa.
• In October 2022, Prysmian group started the manufacturing of a ±525 kV HVDC underground cable system at its French plant in Montereau, this would enable a transmittable power of 2 gigawatts on a single system.
• In August 2022, acquisition of Cascade Poly Pipe & Conduit and Northwest Polymers by Atoke Inc. took place. Cascade Poly Pipe & Conduit manufactures specialized HDPE conduit which is made of recycled materials.

Segmentation Overview:

By Type

• Electrical Cable
• Communication Cable

By Product

• Bridle Rings/ Cable Hooks
• Cable Clips
• Cable Conduits
  • Pipes
  • Fittings
• Cable Glands
• Cable Runway
• Cable Ties
• Cable Tray
• Cable Twist Lock
• Center-Rail Systems
• Raceways
• Vertical & Horizontal Cable Managers
• Wire Basket
• Wireway
• Junction Box

 By Material

• Metallic
  • Aluminium & Steel
  • Others
• Non-Metallic
  • Glass-Fibre Reinforced Plastic
  • PVC
  • PE
  • PP

By Design

• Flexible
• Rigid

By End User

• Government
• Residential
• Commercial
  • IT & Telecommunication
  • Construction
  • Automation
  • Medical
  • Energy
  • Mining
  • Marine
  • Others

By Distribution Channel

• Direct
• Distributor
• Online

By Region

• Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
• Eastern Europe
  • Poland
  • Turkey
  • Rest of Eastern Europe