According to a new market research report published by Acute Market Reports“U.K. Cable Management Systems Market (Electrical Conduit Systems, Cable Trays & Ladders, Electrical Raceways, Cable Glands & Connectors, Floor Ducts & Boxes and Others (Reels, Chains, Lugs, Tags etc.)) Market - Growth, Share, Opportunities, Competitive Analysis and Forecast 2021 - 2029”thecable management systemsmarket in the U.K. was valued at US$583.6 Mn in 2020and is estimated to reach US$ 945 Mn by 2029.
Browse the full report “U.K. Cable Management Systems Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2021 - 2029”at https://www.acutemarketreports.com/report/u-k-cable-management-systems-market
Market Insights
Cable management is among the most important aspects of the construction industry. It includes handling of the entire cabling/wiring system of any building so as to manage the cable connections during as well as post construction. Some of the most significant components of the cable management systems include electrical conduit systems, trays & ladders, electrical raceways, cable glands & connectors, floor ducts & boxes and others. These components are used for cable management across various end-use applications such as residential and commercial construction, industrial construction, public infrastructure, IT & telecommunication sector and others.
The market for cable management systems in the U.K. has received the necessaryimpetus from the revival of the construction industry post economic recession. Thecountry has been witnessing infrastructural development in both private residential as well as commercial spaces. In addition, stringent government regulations promotingenergy efficient solutions and positive outlook of the IT & telecommunicationindustry is expected fuel market momentum during the forecast period 2021 –2029.
The U.K. has one of the largest construction industries inEurope making U.K. the potential market for cable management systems. Althoughthe construction industry of the nation witnessed steep dip in years 2009-10 and2019-13, the industry has shown positive signs of recovery ever since. Currently,residential construction sector is witnessing the highest growth making it lucrativefor the coming few years. U.K. possesses the third largest construction industry inEurope due to which the country becomes a major market for electrical products.Thus, the market is expected to grow hand-in-hand with the overall constructionindustry in the country.
Competitive Insights:
The cable management market in the U.K. is fragmented in nature with largenumber of regional as well as international players operating in the market. Themanufacturers are focusing on providing application specific cable managementsolutions in order to strengthen their position in the market. Cable managementcompanies in the U.K. focus majorly on cable trays and ladders segment since it isestimated to emerge among the most lucrative segments in the coming years.
Key Trends:
