PUBLISHER: Allied Market Research | PRODUCT CODE: 1344364
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344364
According to a new report published by Allied Market Research, titled, "Cable Duct Market," The cable duct market was valued at $6.2 billion in 2022, and is estimated to reach $13.3 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032.
The growth of global cable duct is majorly driven by the rise in demand for high-speed internet paired with an increase in demand for power and communication infrastructure. Moreover, the infrastructure development initiatives by governments are expected to drive market growth. However, the high initial installation and maintenance costs act as prime restraints of the global market. Growth in demand for smart homes and buildings is anticipated to provide lucrative opportunities for the cable duct industry during the forecast period.
The cable duct market is segmented into product type, material, end-use industry, and region. On the basis of product type, the market is bifurcated into flexible cable duct and rigid cable duct. On the basis of material, the market is fragmented into PVC cable duct, polyethylene cable ducts, fiberglass cable ducts, and others. On the basis of end-use industry, the cable duct market is classified into IT and telecommunications, energy and utility, automotive, industrial manufacturing, and others.
On the basis of region, the cable duct market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The key players operating in the market include Legrand SA, Schneider Electric SE, Atkore International Group Inc., ABB Ltd., Panduit Corporation, HellermannTyton Group PLC, CommScope Holding Company, Inc., TE Connectivity Ltd., Leviton Manufacturing Co. Inc., and Eaton Corporation.