The global cable drum market size reached US$ 660.0 Million in 2023. Looking forward, the publisher expects the market to reach US$ 900.2 Million by 2032, exhibiting a growth rate (CAGR) of 3.51% during 2023-2032.
Cable drums are used to carry different types of wires, such as electrical and optic fiber. They are generally made using plywood, timber, plastic, or metal in varied sizes and weights, depending on the application. For instance, plywood drums are widely employed in the construction industry for transporting light loads as they are economical, lightweight, and strong.
Besides this, steel drums are gaining traction over conventional wooden drums in the oil and gas sector as they are durable and eco-friendly. At present, the emerging trend of automation in industrial processes is driving the demand for cable drums and cables, including industrial ethernet, instrumentation and control cables, communication cables for protocols, and variable frequency drive (VFD) for drive circuits portable power and cord products.
This, along with initiatives undertaken by governing agencies of numerous countries are promoting public infrastructure projects through loans, investments, and subsidies, is bolstering the growth of the market. The boosting sales of vehicles across the globe are also catalyzing the demand for cable drums in the automotive industry. Furthermore, the leading market players are focusing on advancing products, which is creating a positive market outlook.
Cable drums are used to carry different types of wires, such as electrical and optic fiber. They are generally made using plywood, timber, plastic, or metal in varied sizes and weights, depending on the application. For instance, plywood drums are widely employed in the construction industry for transporting light loads as they are economical, lightweight, and strong.
Besides this, steel drums are gaining traction over conventional wooden drums in the oil and gas sector as they are durable and eco-friendly. At present, the emerging trend of automation in industrial processes is driving the demand for cable drums and cables, including industrial ethernet, instrumentation and control cables, communication cables for protocols, and variable frequency drive (VFD) for drive circuits portable power and cord products.
Cable Drum Market Trends:
Rising penetration of 4G and 5G networks, in confluence with advancements in smartphones, represents one of the major factors positively influencing the demand for cable drums in the telecommunication sector around the world. Besides this, a significant increase in underground electrification, especially in emerging countries, is stimulating the market growth. Apart from this, the escalating demand for energy worldwide on account of rapid urbanization and the expanding global population is contributing to market growth. Moreover, the migration of many people to urban areas is increasing the demand for infrastructural facilities in metropolitan cities.This, along with initiatives undertaken by governing agencies of numerous countries are promoting public infrastructure projects through loans, investments, and subsidies, is bolstering the growth of the market. The boosting sales of vehicles across the globe are also catalyzing the demand for cable drums in the automotive industry. Furthermore, the leading market players are focusing on advancing products, which is creating a positive market outlook.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global cable drum market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on design, material, mechanism and end use.Breakup by Design:
- Standard
- Custom
Breakup by Material:
- Wood
- Plywood
- Plastic
- Steel
Breakup by Mechanism:
- Manual
- Spring Loaded
- Motorized
Breakup by End Use:
- Cable Handling and Transportation
- Crane Manufacturing
- Mining Equipment
- Garages
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Cable Equipements, CONDUCTIX-Wampfler (Delachaux), Coxreels, Dr. Willmar Schwabe GmbH & Co. KG, Eaton Corporation plc, Hannay Reels Inc., Hildebrandt Group, Meccanica Nicoletti s.r.l., Schill GmbH & Co. KG and Svensson Wire and Cable Packaging AB.Key Questions Answered in This Report:
- How has the global cable drum market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global cable drum market?
- What are the key regional markets?
- What is the breakup of the market based on the design?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the mechanism?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global cable drum market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Cable Drum Market
6 Market Breakup by Design
7 Market Breakup by Material
8 Market Breakup by Mechanism
9 Market Breakup by End Use
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Cable Equipements
- CONDUCTIX-Wampfler (Delachaux)
- Coxreels
- Dr. Willmar Schwabe GmbH & Co. KG
- Eaton Corporation plc
- Hannay Reels Inc.
- Hildebrandt Group
- Meccanica Nicoletti s.r.l.
- Schill GmbH & Co. KG
- Svensson Wire
- Cable Packaging AB
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 660 Million |
| Forecasted Market Value ( USD | $ 900.2 Million |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
