Press Release

Global Cable Trays Market to Grow at a CAGR of 8% During 2022-2027, Aided by the Growing Demand for Cable Trays from the Construction and IT and Telecommunications Industry

Global Cable Trays Market

According to a new report by EMR titled, ‘Global Cable Trays Market Report and Forecast 2022-2027’, the global cable trays market is expected to grow at a CAGR of 8% in the forecast period of 2022-2027.

The global cable trays industry is driven by the growing demand from the construction and IT and telecommunication industry, as the cable trays can protect both power and signal cables. Cable trays facilitates upgrading, expanding, expanding, reconfiguring, or relocating networks. Over the forecast period, the rapid urbanisation, infrastructure development, and development of schools and hospitals in the emerging economies will generate the demand for cable trays for an efficient cable management system.

The growing awareness and increasing demand for performa zinc+, a product of Schneider Electric (EPA: SU), is likely to be a boon for the market over the forecast period. The performa zinc+ has various advantages over the traditional cable trays. These advantages include self-repair, high corrosion resistance, and reduced consumption of natural resources, among others. As a result, the product has gained significant popularity. Furthermore, the demand is likely to increase owing to its increasing application in tunnels, the chemical industry, farms, leisure centres, aggressive indoor environments, and data centres.

The Asia Pacific region is expected to account for a major share in the market, owing to the rapid urbanisation and technological advancements in the electrical and electronics industry in countries like India, China, Japan, South Korea, and Vietnam, among others. In addition, the expansion of the IT and telecommunication industry will further provide an impetus to the cable trays industry in the forecast period. North America also accounts for a significant share in the market due to the rapid construction sector advancements.

Market Breakup by Types, Materials, Finishing, Applications, and Region:

  • The market is segmented on the basis of type into ladder type, solid bottom, trough cable tray, channels cable tray, and wire mesh, among others.
  • The industry can be segmented into aluminum, steel, and stainless steel based on material.
  • Based on finishing, the market can be divided into galvanised coatings, pre-galvanised, and hot-dip galvanised.
  • The major applications of the product include power, construction, manufacturing, and IT and telecommunication, among others.
  • The regional markets for cable trays can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Key Findings of the Report:

  • The global market for cable trays is driven by the growing demand for products from the construction IT and telecommunication industry.
  • The rapid urbanisation, infrastructure development, and development of schools and hospitals in emerging economies will generate the demand for cable trays, accelerating market growth.
  • The growing popularity of performa zinc+ based cable trays will further bolster the market growth.
  • The industry will further be aided by the growing population and construction of residential houses.

Key Offerings of the Report:

  • The EMR report gives an overview of the global cable trays industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the type, material, finishing, applications, and major regions of cable trays.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the cable trays industry include Schneider Electric, Hubbell Incorporated, Legrand SA, Eaton Corporation plc, Basor Electric Ltd, and Chalfant Manufacturing Co., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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