Published on : Jan 14, 2019
Albany, New York, January 14, 2019: Significant advances in infrastructure development backed by ample government initiatives are likely to bolster growth in cable management accessories market, owing to surged adoption of cables, integral for network set-up. Additionally, stringent regulatory framework pertaining cable management across regions is also acknowledged as a potential growth initiator. These aforementioned market highlights are in line with Market Research Hub's (MRH) recent report addition titled, 'Cable Management Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026' included in its voluminous online data archive.
Product Enhancements Mimicking Eco-Friendly Cables Remains Crucial amongst Lead Vendors
Besides the above mentioned factors, exponential rise in energy consumption across the globe as well as various renovation projects of yesteryear network structures in developed economies are also expected to leverage growth. Adoption of apt cable management accessories in several end-user segments such as IT & telecom, construction, petrochemicals, and manufacturing plants have also reflected monumental growth uptick in cable management accessories market in recent years.
To sustain competition, market players in cable management accessories market are integrating resources to align with end-user preferences for eco-friendly cables. Adoption of superlative building components such as copper cable lugs is a novel strategy adopted by leading vendors to secure precedence. Further, feature enhancements such as easy assembling and mounting features and superlative weather resistance barriers as well as heat insulation remain core investment areas amongst leading vendors in cable management accessories market.
Anixter Expands Geographical Scope with Novel Facility in Illinois
Besides feature enhancements, strategic expansion plans to enhance geographical foothold remains crucial amongst lead vendors in cable management accessories market. To cite an instance, leading provider of cables, wires, and cable accessories, Anixter is all set to enhance its geographical presence with a novel facility in Illinois. The facility is expected to meet all modernization standards aided by a smart conveyor system, voice picking technology and enhanced storage capacity. With this development in place, Anixter aims to strengthen its foothold in North American market for cable management accessories.
Manufacturing Vertical Likely to Witness Surged Demands
The report evaluates the market at both regional and global levels in terms of historical and current revenue figures to decipher accurate forecast figures. The report also sheds substantial light on market segmentation to aid readers with ample competitive advantage as well as information on entry level barriers. Based on segments the market is diversified by type and industry vertical. Based on type cable management accessories market is splintered into cable lug, cable marker, and heat shrink tube. By industry vertical, global cable management accessories market is diversified into IT & telecom, manufacturing, healthcare, mining, logistics and transportation, oil and gas, and construction amongst others.
Further the report also entails a regional segmentation section to enlighten readers about the geographical diversity of cable management accessories market. Based on regions the report is demarcated into Europe, North America, South America, Asia-Pacific, and Middle East and Africa.
Competition Overview: Cable Management Accessories Market
Thorough research elements articulated in the report allow readers to identify potential leaders in cable management accessories market. The report entails crucial insights on each of the company’s profiles and evaluates them based on several parameters such as company overview, product portfolio, recent developments such as strategic acquisitions and mergers, as well as product innovation.
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