Cord and Cable Reels Global Market Report 2024

The cord and cable reels market size has grown strongly in recent years. It will grow from $7.59 billion in 2023 to $8.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The increase in the historical period can be credited to heightened demand for industrial cable reels, the expansion of industrial activities, a greater emphasis on predictive maintenance, a surge in the need for smart reels, and the augmented utilization of cord and cable reels in residential and commercial setups.

The cord and cable reels market size is expected to see strong growth in the next few years. It will grow to $10.3 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. In the forecasted period, growth is expected due to escalating demand from the construction sector, the increasing adoption of cord and cable reel systems in data centers, rising requirements from the electrical and electronics industry, an amplified focus on workplace safety, and heightened awareness concerning safety in commercial environments. Significant trends anticipated in the forecast period include advancements in cable management, industrial automation, the integration of enabling technologies, progress in materials and manufacturing, and an increased demand for tailor-made solutions.

The growing number of construction activities is expected to drive the cord and cable reels market forward. These activities involve the physical development of buildings, infrastructure, and other structures. The rise in construction is fueled by rapid urbanization, infrastructure development, and a focus on efficiency and precision in building projects. Cord and cable reels enhance efficiency, improve safety, facilitate mobility, and ensure better project management in the construction industry. For instance, in February 2024, Eurostat, a Europe-based government agency, reported that the average annual building production in the EU and the euro region increased by 0.1% and 0.2%, respectively, compared to 2022. Additionally, the United States Census Bureau, a US-based government agency, noted that the value of construction activities grew from $1.62 trillion in 2021 to $1.79 trillion in 2022, a growth rate of 10.2%. Therefore, the rise in construction activities is driving the cord and cable reels market.

Leading companies in the cord and cable reels market are developing retractable power cord reels to enhance convenience, safety, and efficiency across various industries. These reels offer easy access to power while reducing clutter and hazards from loose cords. They provide benefits such as improved safety, organization, and efficiency, making them valuable tools in many industries. For example, in February 2024, SKF Lincoln, a US-based manufacturing company, introduced a new 60-foot retractable electrical power cord reel with high-quality features for users. This reel is designed to improve safety, convenience, and productivity in various settings where electrical power is needed, including construction, maintenance, and other industries.

In August 2022, United Equipment Accessories Inc., a US-based manufacturer of cord reels, acquired American Reels for an undisclosed amount. This acquisition aims to enhance UEA's product offerings and provide customers with more comprehensive solutions. American Reels is a US-based company known for manufacturing high-quality cord and cable reels.

Major companies operating in the cord and cable reels market are Eaton Corporation, Emerson Electric Co., Wabtec Corporation, Legrand SA, Hubbell Inc., Nederman GmbH, Gunnebo Industries, Conductix-Wampfler GmbH, Cavotec SA, Scame, Paul Vahle GmbH & Co. KG, Reelcraft Industries Inc., Coxreels Co., Gleason Reel Corporation, Demac Srl, United Equipment Accessories Inc., Hannay Reels Inc., Bright Industries, Embicon Tech Hub, Hartmann & König Stromzuführungs, Hinar Electric Co., Stemmann-Technik GmbH, Hindustan Engineers, Vijay Engineering Corporation, Harsh Industries.

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

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

Cord and cable reels serve the purpose of storing, organizing, and deploying electrical cords or cables in a tidy fashion. Typically, they comprise a cylindrical drum where the cord or cable can be wound, often featuring retractable mechanisms, handles, and locking systems for easy handling and transport.

The primary classifications of cord and cable reels include spring-loaded, motorized, and manual variants. Spring-loaded models utilize a metal spring to apply pressure between components. These devices are constructed from materials such as metal and plastic, catering to diverse applications across industrial, commercial, and residential settings. End-users span various sectors including construction, manufacturing, automotive, energy, and marine industries.

The cord and cable reels market research report is one of a series of new reports that provides cord and cable reels market statistics, including cord and cable reels industry global market size, regional shares, competitors with a cord and cable reels market share, detailed cord, and cable reels market segments, market trends, and opportunities, and any further data you may need to thrive in the cord and cable reels industry. This cord and cable 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 cord and cable reels market consists of sales of custom-engineered cable reels, residential cable reels, fire safety cable reels, electrical power and spreader cable 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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