Extension Cord Reels Global Market Report 2024

The extension cord reels market size has grown strongly in recent years. It will grow from $1.94 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to the rise in demand for extension cord reels with higher power ratings, increased adoption of extension cord reels in the healthcare industry, a heightened focus on energy efficiency and cost savings, growth in the mining, oil, and gas industries, and increased adoption of extension cord reels in the telecommunications sector.

The extension cord reels market size is expected to see strong growth in the next few years. It will grow to $2.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to the rise in construction and infrastructure development projects, increasing demand for extension cord reels in industrial and manufacturing sectors, a growing focus on workplace safety and compliance with regulations, the expansion of e-commerce and online retail channels, and the growing automotive and transportation industries. Major trends in the forecast period include the demand for portable and retractable extension cord reels, the demand for extension cord reels with added features such as surge protection, investments in renewable energy projects and installations, the demand for extension cord reels with longer cable lengths, and ongoing product innovation efforts.

The growth of the extended cord reels market is expected to be driven by increasing construction activities. These activities encompass a wide range of tasks involved in building, renovating, and maintaining structures and infrastructure. They are crucial for creating residential, commercial, and industrial buildings as well as public works such as roads, bridges, and utilities. The rise in construction activities is fueled by factors such as rapid urbanization, infrastructure development, and a focus on efficiency and accuracy in construction projects. Extended cord reels play a vital role in facilitating electrical power distribution at construction sites, offering practical solutions for cord management, improving safety, and enhancing productivity. For example, the United States Census Bureau reported that the value of construction activities increased by 10.2% from $1.62 trillion in 2021 to $1.79 trillion in 2022, highlighting the growth in this sector that drives the extended cord reels market.

The extended cord reels market is also expected to benefit from increasing manufacturing activities. Manufacturing activities involve processes for producing goods from raw materials or components through various stages of transformation, assembly, and finishing. The growth in manufacturing activities is attributed to factors such as the adoption of automation and robotics, expansion into international markets, economic growth, and continuous investment in research and development. Extended cord reels support manufacturing activities by providing efficient, safe, and reliable power distribution solutions that enhance productivity, safety, and operational efficiency in manufacturing environments. For instance, the United Nations Industrial Development Organization reported a 9.4% rise in global manufacturing production in 2021 compared to 2020, indicating the growth trend that drives the extended cord reels market.

Leading companies in the extended cord reels market are innovating with solutions such as LED lights for electric cord reels to improve visibility and safety at work sites. These LED lights are integrated illumination solutions that enhance the functionality and versatility of cord reels, particularly in limited-space settings. For instance, coxreels launched new LED Lights for c series reels in February 2024, designed with durable materials and resistance to extreme temperatures, water, dust, and impact, catering to applications requiring both pneumatic air and electrical power.

Major companies operating in the extension cord reels market are General Electric Company, Schneider Electric SE, ABB Ltd., Toshiba Corp., Eaton Corporation, Grainger, Stanley Black & Decker inc., Emerson Electric Co., Legrand SA, Hubbell Inc., OSRAM Group, Leviton Manufacturing Company, Seoul Semiconductor Co. Ltd., Cooper Lighting, Reelcraft Industries Inc., GlobTek Inc., Thomas & Betts Corporation, Coxreels Co., Amtek Co., APC Group Inc., L-com Inc., Hindustan Engineering, International Cord Sets Inc., J.K. Enterprises Inc., AGS Electrical Company.

North America was the largest region in the extension cord reels market in 2023. The regions covered in the extension cord reels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the extension cord reels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Extension cord reels are devices designed to store and manage electrical extension cords conveniently and appropriately. These reels typically consist of a spool around which the extension cord is wound and a handle or crank for winding and unwinding the cord. Extension cord reels are commonly used in workshops, garages, construction sites, and outdoor settings to provide portable power access while minimizing cord tangles and trip hazards.

The main product types of extension cord reels are manual extension cord reels, retractable extension cord reels, and motorized extension cord reels. Manual extension cord reels hold extension cords and allow them to be manually unwound and rewound for use. These reels are used in various applications, including home and residential, commercial and industrial, outdoor and recreational settings, and by various end-users such as residential, commercial, and industrial users.

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

The extension cord reels market consists of sales of hand crank reels, wall mounted cord reels, spring-loaded retractable reels, portable reels, cord locking reels, heavy-duty reels, and weatherproof reels. 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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