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Cable Tray Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Jun 01, 2024
Length 221 Pages
SKU # FOB18838664

Description

Cable Tray Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors Of Cable Tray Market

The cable tray market size was valued at USD 4.20 billion in 2023, and the market is now projected to grow from USD 4.58 billion in 2024 to USD 9.55 billion by 2032, exhibiting a CAGR of 9.60% during the forecast period of 2024-2032.

Due to lockdowns and authorities restrictions on mobility and staff, many production projects and strength plant installations, which heavily rely upon big cable trays, skilled delays. These delays have reduced call for cable trays. Additionally, the pandemic disrupted worldwide supply chains, main to shortages and fee increases for materials and gadget essential for these trays. According to the World Bank, the global construction area contracted by 3.1% in 2020.

The production industry has increased hastily, specifically in rising countries such as China, Brazil, and India, driven by way of population boom, urbanization, and rising disposable incomes. This increase has spurred infrastructure development, which include roads, homes, and bridges. With elevated construction hobby, there's a developing call for electrical and verbal exchange wiring structures, with cable trays being crucial components to guide those systems. Hence, the cable tray market is growing due to rising call for inside the construction sector.

The fast growth of virtual technology is in all likelihood to pressure the demand for virtual infrastructure, which include data centers, and advanced warehousing and distribution facilities to aid e-commerce. Products inclusive of metal framing, racking systems, electrical cables, cable management structures such as cable trays are crucial in the production of recent and renovated buildings, renewable strength systems, infrastructure, warehouses, information facilities, and electric vehicle charging stations, connecting them to the electrical grid.

Comprehensive Analysis Of Cable Tray Market

The cable tray market growth is rising at an exponential rate due to its market segmentation. This marketplace enlargement successfully affords an in-depth local exam thinking about the dominant deliver and demand forces that effect the enterprise. These segmentations are methodically segregated by material analysis, by type analysis, by end user analysis. By material analysis include, steel, aluminum, and stainless steel. By type analysis include, ladder, solid bottom, trough, channel, wire mesh, and single rail. By end user analysis include, power, construction, manufacturing, IT and telecom, and others.

The Asia Pacific region lead the cable tray market share by benefitting a market size of USD 1.61 billion in 2023 due to The increasing funding in creation and infrastructure development in growing economies, along with China, India, and Southeast Asia, is developing the requirement for cable control systems.

The pinnacle players inside the market play a critical function in the enterprise assuring market growth and placing marketplace requirements. These players include, Key companies in the cable tray market include Atkore International Group Inc. (U.S.), Hubbell Incorporated (U.S.), ABB (Switzerland), Eaton (Ireland), Legrand (France), MP Husky Cable Tray & Cable Bus (U.S.), OBO BETTERMANN GmbH & Co. KG (Germany), Basor (Spain), Niedax MonoSystems, Inc. (U.S.), Snake Tray (U.S.), WIREMAID USA (U.S.), Oglænd System Group (Norway), Techline Mfg. (U.S.), Chatsworth Products (U.S.), Panduit (U.S.), nVent (U.S.), and SUPERFAB INC (India).These market players provide a level-playing competitive landscape.

In November 2023, Igus, a manufacturer of high-overall performance polymers, released the arena's first motor cable meant for cable trays and energy chains with UL approval, offering a 4-yr functional guarantee. The CF33.UL motor cable allows seamless cable laying from the strength chain to the cable tray without a plug connection.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 9.60% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Material

Steel

Aluminum

Stainless Steel

By Type

Ladder

- Swaged Ladder

- Welded Ladder

Solid Bottom

Trough

Channel

Wire Mesh

Single Rail

By End-User

Power

Construction

Manufacturing

IT and Telecom

Others

By Region

North America (By Material, By Type, By End-User, and By Country)

U.S.

Canada

Europe (By Material, By Type, By End-User, and By Country)

U.K.

Germany

France

Italy

Spain

Rest of Europe

Asia Pacific (By Material, By Type, By End-User, and By Country)

China

India

Japan

Australia

Southeast Asia

Rest of Asia Pacific

Latin America (By Material, By Type, By End-User, and By Country)

Brazil

Mexico

Rest of Latin America

Middle East & Africa (By Material, By Type, By End-User, and By Country)

GCC

South Africa

Rest of Middle East and Africa


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Table of Contents

221 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions & Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Porters Five Forces Analysis
4.5. Impact of COVID-19 on the Cable Tray Market
5. Global Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
5.1. Key Findings
5.2. Market Analysis, Insights, and Forecast – By Material
5.2.1. Steel
5.2.2. Aluminium
5.2.3. Stainless Steel
5.3. Market Analysis, Insights, and Forecast – By Type
5.3.1. Ladder
5.3.1.1. Swaged Ladder
5.3.1.2. Welded Ladder
5.3.2. Solid Bottom
5.3.3. Trough
5.3.4. Channel
5.3.5. Wire Mesh
5.3.6. Single Rail
5.4. Market Analysis, Insights, and Forecast – By End User
5.4.1. Power
5.4.2. Construction
5.4.3. Manufacturing
5.4.4. IT & Telecom
5.4.5. Others
5.5. Market Analysis, Insights, and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Latin America
5.5.5. Middle East & Africa
6. North America Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
6.1. Key Findings
6.2. Market Analysis, Insights, and Forecast – By Material
6.2.1. Steel
6.2.2. Aluminium
6.2.3. Stainless Steel
6.3. Market Analysis, Insights, and Forecast – By Type
6.3.1. Ladder
6.3.1.1. Swaged Ladder
6.3.1.2. Welded Ladder
6.3.2. Solid Bottom
6.3.3. Trough
6.3.4. Channel
6.3.5. Wire Mesh
6.3.6. Single Rail
6.4. Market Analysis, Insights, and Forecast – By End User
6.4.1. Power
6.4.2. Construction
6.4.3. Manufacturing
6.4.4. IT & Telecom
6.4.5. Others
6.5. Market Analysis, Insights, and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
7.1. Key Findings
7.2. Market Analysis, Insights, and Forecast – By Material
7.2.1. Steel
7.2.2. Aluminium
7.2.3. Stainless Steel
7.3. Market Analysis, Insights, and Forecast – By Type
7.3.1. Ladder
7.3.1.1. Swaged Ladder
7.3.1.2. Welded Ladder
7.3.2. Solid Bottom
7.3.3. Trough
7.3.4. Channel
7.3.5. Wire Mesh
7.3.6. Single Rail
7.4. Market Analysis, Insights, and Forecast – By End User
7.4.1. Power
7.4.2. Construction
7.4.3. Manufacturing
7.4.4. IT & Telecom
7.4.5. Others
7.5. Market Analysis, Insights, and Forecast – By Country
7.5.1. U.K.
7.5.2. Germany
7.5.3. France
7.5.4. Italy
7.5.5. Spain
7.5.6. Rest of Europe
8. Asia Pacific Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
8.1. Key Findings
8.2. Market Analysis, Insights, and Forecast – By Material
8.2.1. Steel
8.2.2. Aluminium
8.2.3. Stainless Steel
8.3. Market Analysis, Insights, and Forecast – By Type
8.3.1. Ladder
8.3.1.1. Swaged Ladder
8.3.1.2. Welded Ladder
8.3.2. Solid Bottom
8.3.3. Trough
8.3.4. Channel
8.3.5. Wire Mesh
8.3.6. Single Rail
8.4. Market Analysis, Insights, and Forecast – By End User
8.4.1. Power
8.4.2. Construction
8.4.3. Manufacturing
8.4.4. IT & Telecom
8.4.5. Others
8.5. Market Analysis, Insights, and Forecast – By Country
8.5.1. China
8.5.2. India
8.5.3. Japan
8.5.4. Australia
8.5.5. Southeast Asia
8.5.6. Rest of Asia Pacific
9. Latin America Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
9.1. Key Findings
9.2. Market Analysis, Insights, and Forecast – By Material
9.2.1. Steel
9.2.2. Aluminium
9.2.3. Stainless Steel
9.3. Market Analysis, Insights, and Forecast – By Type
9.3.1. Ladder
9.3.1.1. Swaged Ladder
9.3.1.2. Welded Ladder
9.3.2. Solid Bottom
9.3.3. Trough
9.3.4. Channel
9.3.5. Wire Mesh
9.3.6. Single Rail
9.4. Market Analysis, Insights, and Forecast – By End User
9.4.1. Power
9.4.2. Construction
9.4.3. Manufacturing
9.4.4. IT & Telecom
9.4.5. Others
9.5. Market Analysis, Insights, and Forecast – By Country
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Rest of Latin America
10. Middle East and Africa Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
10.1. Key Findings
10.2. Market Analysis, Insights, and Forecast – By Material
10.2.1. Steel
10.2.2. Aluminium
10.2.3. Stainless Steel
10.3. Market Analysis, Insights, and Forecast – By Type
10.3.1. Ladder
10.3.1.1. Swaged Ladder
10.3.1.2. Welded Ladder
10.3.2. Solid Bottom
10.3.3. Trough
10.3.4. Channel
10.3.5. Wire Mesh
10.3.6. Single Rail
10.4. Market Analysis, Insights, and Forecast – By End User
10.4.1. Power
10.4.2. Construction
10.4.3. Manufacturing
10.4.4. IT & Telecom
10.4.5. Others
10.5. Market Analysis, Insights, and Forecast – By Country
10.5.1. GCC
10.5.2. South Africa
10.5.3. Rest of Middle East and Africa
11. Competitive Analysis
11.1. Company Market Share Analysis, 2023
11.2. Company Profile
11.2.1. Atkore International
11.2.1.1. Business Overview
11.2.1.2. Product and Service Offerings
11.2.1.3. Recent Developments
11.2.1.4. Financials (Based on Availability)
11.2.2. ABB
11.2.2.1. Business Overview
11.2.2.2. Product and Service Offerings
11.2.2.3. Recent Developments
11.2.2.4. Financials (Based on Availability)
11.2.3. Eaton
11.2.3.1. Business Overview
11.2.3.2. Product and Service Offerings
11.2.3.3. Recent Developments
11.2.3.4. Financials (Based on Availability)
11.2.4. Legrand
11.2.4.1. Business Overview
11.2.4.2. Product and Service Offerings
11.2.4.3. Recent Developments
11.2.4.4. Financials (Based on Availability)
11.2.5. Hubbell Incorporated
11.2.5.1. Business Overview
11.2.5.2. Product and Service Offerings
11.2.5.3. Recent Developments
11.2.5.4. Financials (Based on Availability)
11.2.6. MP Husky Cable Tray & Cable Bus
11.2.6.1. Business Overview
11.2.6.2. Product and Service Offerings
11.2.6.3. Recent Developments
11.2.6.4. Financials (Based on Availability)
11.2.7. OBO BETTERMANN GmbH & Co. KG
11.2.7.1. Business Overview
11.2.7.2. Product and Service Offerings
11.2.7.3. Recent Developments
11.2.7.4. Financials (Based on Availability)
11.2.8. nVent
11.2.8.1. Business Overview
11.2.8.2. Product and Service Offerings
11.2.8.3. Recent Developments
11.2.8.4. Financials (Based on Availability)
11.2.9. Basor Electric SA
11.2.9.1. Business Overview
11.2.9.2. Product and Service Offerings
11.2.9.3. Recent Developments
11.2.9.4. Financials (Based on Availability)
11.2.10. Niedax MonoSystems, Inc.
11.2.10.1. Business Overview
11.2.10.2. Product and Service Offerings
11.2.10.3. Recent Developments
11.2.10.4. Financials (Based on Availability)
11.2.11. Snake Tray
11.2.11.1. Business Overview
11.2.11.2. Product and Service Offerings
11.2.11.3. Recent Developments
11.2.11.4. Financials (Based on Availability)
11.2.12. WIREMAID USA
11.2.12.1. Business Overview
11.2.12.2. Product and Service Offerings
11.2.12.3. Recent Developments
11.2.12.4. Financials (Based on Availability)
11.2.13. Øglænd System Group
11.2.13.1. Business Overview
11.2.13.2. Product and Service Offerings
11.2.13.3. Recent Developments
11.2.13.4. Financials (Based on Availability)
11.2.14. Techline Mfg.
11.2.14.1. Business Overview
11.2.14.2. Product and Service Offerings
11.2.14.3. Recent Developments
11.2.14.4. Financials (Based on Availability)
11.2.15. Chatsworth Products
11.2.15.1. Business Overview
11.2.15.2. Product and Service Offerings
11.2.15.3. Recent Developments
11.2.15.4. Financials (Based on Availability)
11.2.16. Panduit
11.2.16.1. Business Overview
11.2.16.2. Product and Service Offerings
11.2.16.3. Recent Developments
11.2.16.4. Financials (Based on Availability)
11.2.17. SUPERFAB INC
11.2.17.1. Business Overview
11.2.17.2. Product and Service Offerings
11.2.17.3. Recent Developments
11.2.17.4. Financials (Based on Availability)
12. Strategic Recommendations

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