Wire Mesh Cable Tray Market Report 2024

The wire mesh cable tray market size has grown strongly in recent years. It will grow from $0.74 billion in 2023 to $0.79 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. During the historic period, growth can be attributed to several factors, the rising demand for effective cable management solutions, expanding industrial growth, the necessity for dependable power distribution systems, the versatility and efficiency offered by wire mesh cable trays, and the increasing utilization of adhesives across diverse industries.

The wire mesh cable tray market size is expected to see strong growth in the next few years. It will grow to $1.01 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. In the forecast period, growth can be attributed to several factors, the expansion of data centers and the IT industry, growth in the telecom sector, the straightforward installation of wire mesh cable trays, their flexibility for system expansion or modification, and their ease of troubleshooting and maintenance. Major trends anticipated during this period include technological advancements, progress in telecommunications networks, the emergence of 5G telecommunications technology, the development of smart infrastructure initiatives, and increasing adoption of renewable energy projects.

The wire mesh cable tray market is poised for growth driven by increasing demand in the construction industry. This sector encompasses the planning, design, and construction of residential, commercial, industrial, and civil engineering projects. Factors such as urbanization, infrastructure development, and government investments in housing and public projects contribute to the industry's expansion. Wire mesh cable trays are essential in construction for their easy installation, flexibility, and efficient management of electrical and communication cables, ensuring safety and organization. For example, the Office for National Statistics reported in February 2022 that the annual construction sector saw a significant 12.7% increase in 2021 compared to the previous year. This growth was reflected in monthly and quarterly outputs, highlighting the sector's robust expansion. As a result, the demand for trays in construction is a key driver of growth in the wire mesh cable tray market.

Leading companies in this market are innovating with products such as basket cable trays to enhance customer offerings. Basket cable trays are lightweight structures made from high-strength steel wires, designed to support and route electrical and data cables while allowing ventilation and easy maintenance access. Panduit Corp., for instance, launched its Wire Basket Cable Tray Routing System in January 2024. This system efficiently manages copper data cables, fiber optics, and power cables in data centers, connected buildings, and industrial settings. Its design improves installation speed and cost-effectiveness compared to other options, featuring a grid pattern that facilitates cable passage and reduces wire cutting, thereby enhancing safety for network engineers.

In May 2024, The Niedax Group acquired Spina Group, a manufacturer based in Italy, to strengthen its market position and expand its product portfolio and manufacturing capabilities in wire mesh cable trays.

Major companies operating in the wire mesh cable tray market are ABB Ltd., Hubbell Incorporated, Eaton Corporation, Legrand SA, Atkore International Inc., Panduit Corp., Chatsworth Products Inc., PUK Group, Oglaend System, MP Husky Corp., Pemsa SA, Marco Cable Management, Unitrunk, Quest Manufacturing Inc., Calpiping Industries LLC, TechLine Mfg, Profab Engineering Pvt. Ltd., Gerpaas, Schneider Electric SE, Navagraha Enterprises, Cablofil Inc., The Niedax Group, Patny Systems Pvt. Ltd., nVent, Elcon Group.

Asia Pacific was the largest region in the wire mesh cable tray market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the wire mesh cable tray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

A wire mesh cable tray is a structure constructed from high-strength steel wires welded together to form a mesh, designed for supporting and routing electrical and data communication cables in various applications. These trays are widely chosen in modern cable management systems due to their flexibility, ease of installation, and capability to accommodate complex routing needs.

The primary types of wire mesh cable trays include electro zinc (EZ) coated, hot dip galvanized (HDG), aluminum, stainless steel, and others. Electro zinc (EZ) wire mesh cable trays are coated with electroplated zinc, offering moderate corrosion resistance suitable for indoor environments. They are available in various duty ratings - light, medium, and heavy and in sizes categorized as below 100 millimeters, 101 to 300 millimeters, 301 to 500 millimeters, 501 to 700 millimeters, and above 700 millimeters. These trays are distributed through direct and indirect sales channels and find applications in data centers, computer rooms, offices, factories, and other settings.

The wire mesh cable tray market research report is one of a series of new reports that provides wire mesh cable tray market statistics, including wire mesh cable tray industry global market size, regional shares, competitors with a wire mesh cable tray market share, detailed wire mesh cable tray market segments, market trends and opportunities, and any further data you may need to thrive in the wire mesh cable tray industry. This wire mesh cable tray 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 wire mesh cable tray market consists of sales of perforated ladder-type cable trays, custom cable trays, adjustable cable trays, and walkable cable trays. 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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