Cable Trays Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Superior Advantages over Electrical Conduits to Ensure Robust Cable Trays Market Growth

The global cable trays market expected to exhibit robust CAGR during the forecast period from 2021 to 2029, up from US$ 2,956.9 Mn in 2020. Cable trays are rigid cable management products used to transport and support the cables. These are designed to support several types of wiring including high voltage power lines, power distribution cables, optical cables, telecom lines and several others. Cable trays have emerged among the most promising cable management product for wiring system across industrial, commercial and infrastructural applications. This is primarily due to their higher advantages in terms of installation and flexibility of wiring systems. The market is majorly driven by the consistently growing construction industry worldwide. Countries such as the U.S., India and China are expected to emerge among the most promising markets on account of their huge construction industry. Nevertheless, predominant penetration of electrical conduit systems poses major challenge for market growth. Additionally, complying with regulatory standards framed by NEMA, IEC and others is another significant challenge faced by the cable tray manufacturers.

Ladder Type Cables Trays to Remain the Largest Segment

Ladder type cable trays are the most popular type of cable trays used across most of the applications. This mainly due to their seamless design, making them suitable for wide range of applications. Ladder type trays are open design raceways that enable easy heat dissipation, thereby enhancing cable life. In addition, due to open design, moisture accumulation is very less in cables laid on ladder type trays. Similarly, ladder type cable trays offered higher flexibility and ease of installation as compared to other types of cable trays. In 2020, the ladder type cable trays segment led the market with more than 60% of the total market value. Considering the suitability of these trays, the segment would continue dominating the market throughout the forecast period.

Asia Pacific to Emerge as the Fastest Growing Market due to its Rising Construction and Industrial Sectors

In 2020, North America led the overall cable trays market with more than 1/3rd of the total market revenue generated worldwide. The U.S., having the largest construction industry (industrial, commercial and residential) across the Americas region, governs the regional cable trays market. Europe closely follows North America, in terms of revenue, in the cable trays market. Europe is among the first regions to adopt cable trays on a large scale. Due to more inclination towards using high performance cables, most of the construction sectors prefer using cable trays instead of electrical conduit systems. Asia Pacific is projected to emerge as the fastest growing market for cable trays during the forecast period. Huge industrial and commercial construction sectors in India and China play the most crucial role in regional market growth.

Large Number of Players to Ensure a Fragmented and Competitive Market

The global cable trays market varies significantly depending upon the geographical regions. The market in North America and Europe is well organized as well as consolidated in nature. Contrarily, the cable trays market in Asia Pacific and Rest of the World regions is quite unorganized comprising large number of regional manufacturers. Due to low regulated market in Asia Pacific, consumers tend have leaned towards cheaper electrical products. As a result, significant number of regional players have evolved in the region. These manufacturers have least focus towards brand development and focus on manufacturing low cost conduit systems. As opposed to the market scenario in Asia Pacific, North America and Europe have companies trying to specialize in the conduit systems. Companies such as Cooper Industries, Atkore International, Inc. and Thomas & Betts Corporation focus on providing specialized cable trays to their customers.

Some of the major companies profiled in the report include Atkore International, Inc. (Allied Tube & Conduit), Chatsworth Products, Inc., Cooper Industries (Eaton Corporation), Hubbell, Inc., Legrand SA, Marco Cable Management, Chalfant Manufacturing Company, Oglaend System Group, Panduit Corporation, Schneider Electric SE, TE Connectivity Ltd., Thomas and Betts Corporation and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of cable trays in 2020 and forecast up to 2029?
• Which is the largest regional market for cable trays?
• What are the major trends followed in overall cable management sector across different regions?
• What are the key market trends observed in the cable trays market?
• Who are the key players leading the market?
• What are the key strategies adopted by the leading players in market?

Unique data points of this report

• Statistics on construction sector worldwide, specific to commercial and industrial sectors
• Recent trends across different regions in terms of adoption of cable trays and electrical conduit systems
• Attractive investment proposition for industry vertical segment as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)
• List of the major distributors of cable management products by region

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