Cable Tray Global Market Report 2024

The cable tray market size has grown strongly in recent years. It will grow from $3.66 billion in 2023 to $3.94 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The expansion observed in the historical period can be attributed to increased infrastructure development, expansion in construction, power generation, and data centers, as well as an increased demand for cost-effective solutions.

The cable tray market size is expected to see strong growth in the next few years. It will grow to $5.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be attributed to the expansion of the renewable energy sector, the growth of smart grids and data centers, increasing urbanization, and environmental considerations. Major trends in the forecast period include the adoption of innovative solutions, the integration of automation and sensors, strategic investments, technological advancements, and strategic collaborations.

The anticipated growth in the construction sector is poised to drive the expansion of the cable tray market in the foreseeable future. Construction activities encompass the installation and assembly of project tools and materials on the work site, adhering to approved construction plans, guidelines, and specifications. Cable trays, integral for organized cable management, are utilized in the construction sector to ensure protection, accessibility, flexibility, cost-effectiveness, and adherence to safety standards. In March 2023, a report from the Office for National Statistics indicated a quarterly increase of 0.3% in construction production in the fourth quarter of 2022 compared to the third quarter of the same year. Furthermore, after recording a remarkable growth of 12.8% in 2021, the annual production of construction escalated by 5.6% in 2022 compared to the previous year. Hence, the expanding construction sector is a significant driver of the cable tray market's growth.

The escalating process of urbanization is expected to fuel the growth of the cable tray market. Urbanization involves the population's shift from rural areas to urban or metropolitan regions, leading to the expansion and growth of cities. Cable trays play a vital role in urbanization by providing efficient and organized solutions for managing electrical and data cables in diverse urban environments. As of 2023, approximately 56% of the world's population resides in urban areas, according to The World Bank, and the global urban population is projected to grow by 1.5 times, reaching 6 billion by 2045. Consequently, the increasing trend of urbanization is a key factor driving the growth of the cable tray market.

Product innovation emerges as a prominent trend gaining traction in the cable tray market, with major companies emphasizing the development of new products. For instance, in December 2021, Slovenia-based Hermi, a manufacturer of lightning protection components, introduced the Hermi Fast Klick cable tray series. Distinguished by advanced boltless connection technology, this product reduces installation time and simplifies the process of joining cable pathways without the need for tools or bolts. These cable trays are designed for multiple disassemblies, reassemblies, and secure locking.

Major companies in the cable tray market are directing their efforts toward developing innovative solutions, including snake cable trays. Snake cable trays are characterized by their flexible or curved design, resembling the winding and meandering shape of a snake. In August 2023, US-based Snake Tray, a cable tray manufacturer, announced the launch of 'Snake Max' designed for data centers and AI infrastructures. Featuring cable separators known as Snake Max Clicks, this innovation enhances energy efficiency by allowing cables to operate at lower temperatures. The product accommodates cables ranging from 350-1250 Kcmil and streamlines installations with pre-fabricated components, including turns, tees, intersections, and vertical elevations.

In February 2023, Creative Composites Group (CCG), a US-based manufacturer of fiber-reinforced polymer (FRP) composites, completed the acquisition of Enduro Composites Inc. for an undisclosed amount. This strategic acquisition enhances CCG's product offerings and manufacturing standards. Enduro Composites Inc. is a US-based manufacturer specializing in fiberglass tanks, pipes, roofing, and cable trays.

Major companies operating in the cable tray market report are Schneider Electric SE, ABB Ltd, Eaton Corporation plc, Lumen Technologies Inc., Legrand SA, Hubbell Incorporated, Atkore Inc, Cooper Industries Inc., nVent HOFFMAN, Thomas & Betts, RS Components Ltd., Basor Electric Inc., MP Husky USA, Techline Mfg., Ellis Patents Limited, United Electric Co-op Inc., Niedax Group, Unitrunk Limited, Chalfant Manufacturing Company, SnakeTray, Johnson Bros. Roll Forming Co., Vantrunk Ltd, Selco Manufacturing Corp., Acme Wire Products Co. Inc., Wieland Electric GmbH, Wiremaid Products Corp., Oglaend System Group.

Asia-Pacific was the largest region in the cable tray market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cable tray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cable tray market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The main types of cable trays include ladder-type cable trays, solid-bottom cable trays, trough cable trays, channel cable trays, wire mesh cable trays, and single-rail cable trays. A ladder-type cable tray comprises two longitudinal side members connected by separate transverse members, forming a support system for power cables or control cables. These trays are constructed using materials such as steel, stainless steel, aluminum, and others, often featuring galvanized coatings, pre-galvanized, or hot-dip galvanized finishing. They find applications in various sectors, including power, construction, manufacturing, information technology (IT), telecommunication, and others.

The cable tray research report is one of a series of new reports that provides cable tray market statistics, including the cable tray industry's global market size, regional shares, competitors with a cable tray market share, detailed cable tray market segments, market trends and opportunities, and any further data you may need to thrive in the cable tray industry. This cable tray market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cable tray market consists of sales of basket cable trays, power cables, and control cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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