Global Cable Conduit Market by Product Type, End-user Industry and Region - Growth, Trends and Forecast (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 29, 2018--The “Global Cable Conduit Market - Segmented By Product Type (Flexible Cable Conduit, Rigid Cable Conduit), End-user Industry (Construction, Manufacturing, IT and Telecommunication), and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The cable conduit market is expected to register a CAGR of 11.62%, over the forecast period of 2018-2023.
The increasing demand for highly secure and safe wiring systems in industrial and commercial applications is projected to drive the growth of the cable conduit market. Further, the growth of the cable conduit market can be attributed to rising adoption of frequently alterable wiring systems and the expanding construction industry.
However, the growth of the market studied is expected to be hindered by factors, such as raw material volatility, which poses significant threats to the stable prices and production costs of several wire and cable markets. Besides, competitive pricing, owing to the cutthroat competition in the market, could also hamper the overall revenue generation capabilities of the market studied.
Demand for Highly Secure & Safe Systems
Across the globe, there is a significant demand for secure and safe wiring systems, in residential and commercial buildings. Cable conduit addresses this demand, by providing the essential safety and protection to the wiring, from numerous external interferences and exposure to flammable gases.
Further, the implementation of stringent safety regulations and increasing consumer awareness regarding safety in developing countries are augmenting the market’s growth, exponentially. Moreover, when conduits are properly installed with sealed fittings, they guarantee significant safety from volatile substances.
Besides, in buildings, the conduit is directly submerged into concrete, for precautionary measures and improved safety, while dealing with high-power consumption.
The Construction Industry Expected to Account for the Largest Market Share
The construction industry is expected to account for the largest market share, owing to the booming construction activities in both developed and developing countries (such as India, China, and Brazil).
The construction industry recorded a steady growth rate of 2.4%, in 2016, and is expected to gain momentum, over the forecast period. In 2017, global construction output reached USD 8.8 trillion, from USD 7.9 trillion in 2012.
As per a consensus forecast, the US construction industry is expected to record a 4% growth in 2018, with the residential sector poised to record the highest growth of 6% and the non-residential and non-building sectors expected to record growth rates of about 2% and 4%, respectively.
North America Projected to Dominate the Cable Conduit Market
By region, the North American segment accounted for the largest share in the global cable conduit market, due to the implementation of stringent safety regulations and increase in construction activities.
Currently, the United States is leading the cable conduit market, owing to stringent regulations that mandate the usage of conduit system installations, mostly in the industrial manufacturing sector. This significantly fuels the need for cable conduit systems, in North America.
The upcoming construction and residential projects over the forecast period are also expected to contribute to the growth of the North American segment of the market studied.
Key Topics Covered
1.1. Key Deliverables of the Study
1.2. Study Assumptions
1.3. Market Definition
1.4. Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Cable Conduit Market Dynamics
4.1. Market Overview
4.2. Factors Driving the Cable Conduit Market
4.2.1. Demand for Highly Secure and Safe Wiring System
4.2.2. Expansion of Construction Industry
4.2.3. Demand for Frequently Alterable Wiring Systems
4.3. Factors Restraining the Cable Conduit Market
4.3.1. Unstable Raw Material Prices
4.3.2. Complications in Installation
4.4. Industry Attractiveness - Porter’s Five Forces Analysis
5. Global Cable Conduit Market Segmentation
5.1. Cable Conduit Market By Product Type
5.1.1. Flexible Cable Conduit
5.1.2. Rigid Cable Conduit
5.2. Cable Conduit Market By End-user Industry
5.2.1. IT and Telecommunication
5.2.3. Energy and Utility
5.2.5. Other End-user Industries
5.3. Cable Conduit Market By Region
5.3.1. North America
5.3.4. Latin America
5.3.5. Middle East & Africa
6. Competitive Intelligence - Company Profiles
6.1. Atkore International
6.2. Aliaxis Group
6.3. Thomas & Betts
6.5. Schneider Electric
6.7. Electri-Flex Company
6.8. Eaton Corporation PLC
6.9. Robroy Industries
6.10. Champion Fiberglass Inc.
6.11. Dura-Line Holdings Inc.
6.13. Prime Conduit
*List not Exhaustive
7. Cable Conduit Market Investment Analysis
8. Future of Cable Conduit Market
For more information about this report visit https://www.researchandmarkets.com/research/zhs4r3/global_cable?w=4
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Related Topics:Wire and Cables
KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AUSTRALIA/OCEANIA
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
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PUB: 11/29/2018 09:36 AM/DISC: 11/29/2018 09:36 AM