Cable Tray Market Growth, Size, Trends, Demand, Revenue, Challenges and Future Competition
Cable Tray Market Size- By Type, By Material, By Coating, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2023 | Report ID: COAM2329 | Pages: 1 - 244 | Formats*: |
| Category : Construction & Manufacturing | |||
Cable Tray Market Introduction and Overview
According to SPER Market Research, the Global Cable Tray Market is estimated to reach USD 18.01 billion by 2033 with a CAGR of 14.27%.
The report includes an in-depth analysis of the Global Cable Tray Market, including market size and trends, product mix, distribution channels, and supplier analysis. A cable tray is a part of an electrical wiring system that organises and holds cables and wires. This system will safely and efficiently manage the cables and wires used in diverse industrial, commercial, and residential applications. Cable trays are available in a range of shapes, sizes, and materials, such as fibreglass, plastic, and metal. They are typically found above, next to, or below elevated floors and can accommodate a variety of electrical wiring systems.
- January 2023: The Snake Tray 801 Series Mega Snake Cable Tray, which is superior than all other wire basket trays, was introduced by Snake Tray. It considerably lowers installation costs and is infinitely more adaptable and stronger than a steel ladder
- May 2022: All of Talon Products, LLC's assets were purchased by Atkore Inc. It is a supplier of injection-molded, non-metallic cable studs used in power distribution.
- December 2022: The purchase of MonoSystems by NIEDAX GROUP will take effect on December 31, 2020, the company said. Based in New York, MonoSystems is a top manufacturer of cable management solutions in North America.
The need for basic requirements has increased as a result of the growing world population. As a result, businesses and production facilities are being established all over the world. The expanding industrialization will create the opportunities for the cable tray market to be widely adopted globally, along with the growth of corporate offices, data centres, and other places of communication.
Nevertheless, there are many obstacles that could prevent market expansion. The profitability of cable tray producers may be impacted by changes in the cost of raw materials, which would raise consumer pricing. Lack of competent labour for cable tray installation and maintenance is another obstacle, particularly in developing nations. Furthermore, the high cost of cable tray production and installation may act as a barrier to industry expansion due to tight government rules governing safety and quality requirements.
Market Competitive Landscape
The market exhibits a moderate level of fragmentation, with several major players, including ABB, Atkore International, Basor Electric SA, Chatsworth Products, Eaton, Hubbell Incorporated, Legrand, MonoSystems, MP Husky Cable Tray & Cable Bus, Niedax Group, Øglænd System Group, Panduit, Schneider Electric, Snake Tray, Techline Mfg., WBT - PERFORMANCE CABLETRAY, WIREMAID USA, Others. ABB is among the prominent key players due to its product portfolio and geographic presence. At their production plants in Canada and Saudi Arabia, ABB manufactures a range of cable tray solutions, including perforated trays, cable ladders, channel trays, and struts. ABB effectively meets client expectations and reacts quickly to project timetables across various areas because to its extensive variety of products and local manufacturing and distribution capabilities. The business provides dependable and long-lasting support for all customers' cabling needs, regardless of whether the project is new or the old facilities are being renovated.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Material, By Coating, By End User |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | ABB, Atkore International, Basor Electric SA, Chatsworth Products, Eaton, Hubbell Incorporated, Legrand, MonoSystems, MP Husky Cable Tray & Cable Bus, Niedax Group, Øglænd System Group, Panduit, Schneider Electric, Snake Tray, Techline Mfg., WBT - PERFORMANCE CABLETRAY, WIREMAID USA, Others |
COVID-19 Impact on Global Cable Tray Market
The COVID-19 pandemic is anticipated to have a detrimental impact on this sector due to the suspension of manufacturing and production. Supply chain issues resulted from the unexpected increase in COVID-19 patients, which prompted the adoption of strict lockdown measures. However, efficient sanitization and smaller production runs allowed manufacturers to increase output and make up lost ground. During the pandemic, these elements are expected to promote market expansion.
Key Target Audience:
- Construction and Building Professionals
- Electrical Consultants
- Electrical Contractors
- End Users
- Facility Managers
- Maintenance and Repair Services
- Manufacturers and Suppliers
- Safety and Compliance Authorities
- Others
Our in-depth analysis of the Cable Tray Market includes the following segments:
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Key Topics Covered in the Report:
- Global Cable Tray Market Size (FY’2023-FY’2033)
- Overview of Global Cable Tray Market
- Segmentation of Global Cable Tray Market By Type (Channel Cable Trays, Ladder Type Cable Trays, Single Rail Cable Trays, Solid Bottom Cable Trays, Trough Cable Trays, Wire Mesh Cable Trays)
- Segmentation of Global Cable Tray Market By Material (Aluminum, Metal, Stainless Steel, Steel)
- Segmentation of Global Cable Tray Market By Coating (Galvanized Coatings, Hot-dip Galvanized, Pre-galvanized)
- Segmentation of Global Cable Tray Market By End User (Construction, IT and Telecommunication, Manufacturing, Power, Others)
- Statistical Snap of Global Cable Tray Market
- Expansion Analysis of Global Cable Tray Market
- Problems and Obstacles in Global Cable Tray Market
- Competitive Landscape in the Global Cable Tray Market
- Impact of COVID-19 and Demonetization on Global Cable Tray Market
- Details on Current Investment in Global Cable Tray Market
- Competitive Analysis of Global Cable Tray Market
- Prominent Players in the Global Cable Tray Market
- SWOT Analysis of Global Cable Tray Market
- Global Cable Tray Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Cable Tray Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Cable Tray Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Cable Tray Market
7. Global Cable Tray Market, By Type (USD Million)
7.1. Global Cable Tray Market Value Share and Forecast, By Type, 2023-20337.2. Channel Cable Trays7.3. Ladder Type Cable Trays7.4. Single Rail Cable Trays7.5. Solid Bottom Cable Trays7.6. Trough Cable Trays7.7. Wire Mesh Cable Trays
8. Global Cable Tray Market, By Material (USD Million)
8.1. Global Cable Tray Market Value Share and Forecast, By Material, 2023-20338.2. Aluminum8.3. Metal8.4. Stainless Steel8.5. Steel
9. Global Cable Tray Market, By Coating (USD Million)
9.1. Global Cable Tray Market Value Share and Forecast, By Coating, 2023-20339.2. Galvanized Coatings9.3. Hot-dip Galvanized9.4. Pre-galvanized
10. Global Cable Tray Market, By End User (USD Million)
10.1. Global Cable Tray Market Value Share and Forecast, By End User, 2023-203310.2. Construction10.3. IT and Telecommunication10.4. Manufacturing10.5. Power10.6. Others
11. Global Cable Tray Market Forecast, 2019-2033 (USD Million)
11.1. Global Cable Tray Market Size and Market Share
12. Global Cable Tray Market, By Type, 2019-2033 (USD Million)
12.1. Global Cable Tray Market Size and Market Share By Type (2019-2026)12.2. Global Cable Tray Market Size and Market Share By Type (2027-2033)
13. Global Cable Tray Market, By Material, 2019-2033 (USD Million)
13.1. Global Cable Tray Market Size and Market Share By Material (2019-2026)13.2. Global Cable Tray Market Size and Market Share By Material (2027-2033)
14. Global Cable Tray Market, By Coating, 2019-2033 (USD Million)
14.1. Global Cable Tray Market Size and Market Share By Coating (2019-2026)14.2. Global Cable Tray Market Size and Market Share By Coating (2027-2033)
15. Global Cable Tray Market, By End User, 2019-2033 (USD Million)
15.1. Global Cable Tray Market Size and Market Share By End User (2019-2026)15.2. Global Cable Tray Market Size and Market Share By End User (2027-2033)
16. Global Cable Tray Market, By Region, 2019-2033 (USD Million)
16.1. Global Cable Tray Market Size and Market Share By Region (2019-2026)16.2. Global Cable Tray Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. ABB17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Atkore International17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Basor Electric SA17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Chatsworth Products17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Eaton17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Hubbell Incorporated17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Legrand17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. MonoSystems17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. MP Husky Cable Tray & Cable Bus17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Niedax Group17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Øglænd System Group17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments17.12. Panduit17.12.1. Company details17.12.2. Financial outlook17.12.3. Product summary17.12.4. Recent developments17.13. Schneider Electric17.13.1. Company details17.13.2. Financial outlook17.13.3. Product summary17.13.4. Recent developments17.14. Snake Tray17.14.1. Company details17.14.2. Financial outlook17.14.3. Product summary17.14.4. Recent developments17.15. Techline Mfg17.15.1. Company details17.15.2. Financial outlook17.15.3. Product summary17.15.4. Recent developments17.16. WBT - PERFORMANCE CABLETRAY17.16.1. Company details17.16.2. Financial outlook17.16.3. Product summary17.16.4. Recent developments17.17. WIREMAID USA17.17.1. Company details17.17.2. Financial outlook17.17.3. Product summary17.17.4. Recent developments17.18. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Cable Tray Market is projected to reach USD 18.01 billion by 2033, growing at a CAGR of 14.27% during the forecast period.
Cable Tray Market grew in market size from 2023. The Market is expected to reach USD 18.01 billion by 2033, at a CAGR of 14.27% during the forecast period.
Cable Tray Market CAGR of 14.27% during the forecast period.
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Cable Tray Market size is USD 18.01 billion from 2023 to 2033.
Cable Tray Market Segment is Covered By Type, By Material, By Coating, By End User
The North America region is anticipated to have the highest market share in Cable Tray Market.
The key players in the market include Companies Covered ABB, Atkore International, Basor Electric SA, Chatsworth Products, Eaton, Hubbell Incorporated, Legrand, MonoSystems, MP Husky Cable Tray & Cable Bus, Niedax Group, Øglænd System Group, Panduit, Schneider Electric, Snake Tray, Techline Mfg., WBT - PERFORMANCE CABLETRAY, WIREMAID USA, Others
This system will safely and efficiently manage the cables and wires used in diverse industrial, commercial, and residential applications.
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