The global market for wire and cable management is expected to reach $16.91 billion in 2018, according to a report by international market research firm Markets.

Along with the rising of the IT department demand, increasing of investment in infrastructure, particularly in developing countries in the asia-pacific region and the Middle East region, from 2018 to 2023, the market is expected to 8.36% compound annual rate of growth.

The report will be divided into power cable and communication cable by cable type. Driven by investment growth in renewable energy and power distribution industries, the power cable market will lead the market for electric wire and cable management in 2017.

The global wire and cable management market is divided into metal and non - metal materials. By 2023, metal wire cables are expected to grow faster than non-metals. Metal cable management products are widely used in the application of high strength materials, durability and harsh environment. The number of installed metal cable management products is expected to increase significantly during the forecast period, driven by increased efficiency and increased investment in the industrial sector.

The report further subdivides end users' wire and cable management into commercial, industrial and residential sectors. During the forecast period, the business sector is expected to grow at the highest compound annual growth rate. The growth of urban population, the increase of construction investment, as well as the data cable is easy to deal with data center needs to promote the development of business, especially in India, Saudi Arabia, Thailand, Vietnam, Malaysia and other developing countries.

In the report, the cable management market also analyzed five regions, namely the asia-pacific region, Europe, North America, South America, the Middle East and Africa. The asia-pacific region is expected to dominate the market for wire and cable management during the forecast period, largely because of increased investment in renewable energy by India and southeast Asia and the growing industrialization of the region.

It is worth noting that raw material price fluctuations, such as rubber, aluminum, copper and plastics, will be the primary factor limiting the growth of wire and cable management. These raw materials are not only the raw materials of wire and cable, but also used in the manufacture of cable management products such as cable bridge, ladder, cable runway, cable tie and so on. Raw material prices directly affect the value chain, including procurement and operating costs.

In terms of business, France's Roger long,ZMS Cable,Germany Obo Bettermann, American pan-da and Atkore will become the world's leading supplier of wire and cable management.