The Flexible Cable Conduit industry comprises a range of products used for protecting electrical cables and wires from mechanical or environmental damage. Flexible Cable Conduit is formed into a tube that encases electrical cables and wires, allowing them to be safely routed and connected to electrical devices. The market for Flexible Cable Conduit is expected to grow at a compound annual growth rate of 5.1% between 2017 and 2022, reaching a size of US$2050 million globally.
Flexible Cable Conduit finds application in a variety of industries, including Manufacturing, Commercial Construction, IT & Telecommunication, Healthcare, and Others. In Manufacturing, Flexible Cable Conduit is used in the assembly of machinery and equipment to keep wires and cables organized and protected from damage. In Commercial Construction, Flexible Cable Conduit is used for wiring buildings and infrastructure safely and efficiently. In IT & Telecommunication, Flexible Cable Conduit is used for connecting servers and other networking equipment, providing protection to the cables and wires that keep networks operational. In Healthcare, Flexible Cable Conduit is used to maintain hospital equipment and to secure wiring in hospitals and clinics.
The major global manufacturers of Flexible Cable Conduit include Atkore International, Thomas & Betts, Legrand, Schneider Electric, Hubbell Incorporated, HellermannTyton, Calpipe Industries, Dura-Line Holdings, and Champion Fiberglass. These companies compete on the basis of product quality, reliability, and affordability. In addition, key market players also frequently make strategic partnerships and acquisitions to increase their market share. For example, in December 2018, Legrand announced the acquisition of Kenall Manufacturing, a leading manufacturer of lighting and controls for healthcare facilities, among other industries.
Looking to the future, the Flexible Cable Conduit industry is expected to continue to grow due to increasing investment in infrastructure projects, particularly in emerging economies. Moreover, technological advancements in the Flexible Cable Conduit industry may continue to improve product quality and performance, making it even more durable and affordable than ever before.
The SWOT analysis of the Flexible Cable Conduit industry is as follows:
Strengths:
1. Variety of applications: Flexible cable conduit is used in a variety of applications, including electrical, automotive, and aerospace industries, providing a strong customer base for the industry.
2. Resistance to harsh environments: Flexible cable conduit is known for its durability and ability to withstand harsh environments. This makes it ideal for use in outdoor applications such as in the construction industry.
3. Customization: Flexible cable conduit can be customized according to the unique needs of the application, which can increase its perceived value to customers.
4. Cost-effectiveness: Flexible cable conduit is a cost-effective solution compared to other types of cable protection products.
Weaknesses:
1. High competition: The flexible cable conduit industry is highly competitive, with many players vying for market share. This can make it challenging for new players to establish themselves in the market.
2. Limited functionality: Flexible cable conduit may not be suitable for some applications that require additional features or higher protection.
3. Susceptible to damage: Despite its durability, flexible cable conduit can be susceptible to impact damage, which can result in the wear and tear of the conduit, leading to safety issues.
Opportunities:
1. Technological advancements: Technological advancements in the manufacturing process can help improve the quality of flexible cable conduit products while also reducing production costs.
2. Developing economies: The growth of developing economies can stimulate demand for flexible cable conduit, especially in industries such as construction, automotive, and aerospace.
3. Rising popularity of renewable energy: The increasing popularity of renewable energy sources such as wind and solar can create new opportunities for the flexible cable conduit industry.
Threats:
1. Economic downturns: Economic downturns can result in decreased demand for flexible cable conduit, as companies look to cut costs and reduce their expenses.
2. Environmental regulations: Increased environmental regulations can impact the manufacturing of flexible cable conduit, as the industry may need to develop new materials or processes to comply with these regulations.
3. Competition from substitutes: Substitutes such as cable trays or cable raceways can provide similar functions and protection, which can pose a threat to the flexible cable conduit industry.
Key players in global Flexible Cable Conduit market include:
Atkore International
Thomas & Betts
Legrand
Schneider Electric
Hubbell Incorporated
HellermannTyton
Calpipe Industries
Dura-Line Holdings
Champion Fiberglass
Market segmentation, by product types:
Metal Material
Non-Metallic Material
Market segmentation, by applications:
Manufacturing
Commercial Construction
IT & Telecommunication
Healthcare
Others
Summary:
Get latest Market Research Reports on Flexible Cable Conduit. Industry analysis & Market Report on Flexible Cable Conduit is a syndicated market report, published as Global Flexible Cable Conduit Market Report 2018-2029. It is complete Research Study and Industry Analysis of Flexible Cable Conduit market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.