Posted On: 2020-03-30
Overhead cable management system is expected to hold the largest market share in revenue terms during the forecast period – 6W research.
The Saudi economy is rapidly growing due to increasingly favorable business environment and ambitious infrastructural projects, contributing to the overall national development of the country. A rise in the number of new office spaces, hotels, transportation projects and renewable energy plants in the construction pipeline would boost the market for cable management solutions in Saudi Arabia during the forecast period.
According to 6Wresearch, Saudi Arabia CMS Market size is projected to grow at a CAGR of 4.7% during 2020-26. Cable trays, cable conduits and cable trunking are used to support electrical wiring and cabling across manufacturing facilities, commercial buildings, power distribution and the railway sector. The cable management solutions market is a vital ancillary industry segment and is expected to flourish during the forecast period on account of multiple ongoing and upcoming infrastructural projects in the country that comprises of the Riyadh metro, Neom-the Red Sea Project, Qiddiya entertainment city, Durrat Al Madinah Housing Complex Project and many other development projects in the residential, industrial and infrastructure verticals.
According to Prithu Chawla, Senior Research Analyst, 6Wresearch, “The overhead cable management solutions accounted for a major share in the Saudi Arabia cable management solutions market revenues during the year 2019 and are anticipated to dominate the market during the forecast period as well. The primary reason for the dominance of the aforementioned solution in the market is their wide application across all the mega projects in the country that includes constructions of new commercial office buildings, data centres, metro station, railway stations, airports, and other infrastructure development projects.”
According to Siddharth Saxena, Research Associate, 6Wresearch, “Overhead CMS portrays a substantial growth during the forecast period as this solution allows for a well-organized workspace and provide an aesthetic and unobtrusive outlay alternative to conventional overhead cable management solutions making the workspace safer and efficient.”
“Saudi Arabia CMS Market (2020-2026)" provides an in-depth analysis with 35 figures, covered in 70 pages. The report estimates and forecasts the overall Saudi Arabia CMS market by types. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.