Reports
Global FRP Cable Tray Market Size, Price, Share, Forecast: By Type: Ladder, Channel, Others; By Application: Construction, Power, Oil and Gas, Chemical, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2023-2028
Global FRP Cable Tray Market Outlook
The global FRP cable tray market is projected to grow at a CAGR of 7% between 2023 and 2028, to attain USD 477.42 million by 2028.
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Increasing Development of Chemical Plants to Propel Market Growth in the Asia Pacific
Due to rapid urbanisation and industrialisation, the size of the market in the Asia Pacific is projected to lead the global market during the forecast period. Growing government funding for the construction of chemical infrastructures and plants would help support business growth. Inflated demand for hydrocarbons is projected to stimulate prospects for the regional market. Due to the increasing tendency for renewable power generation, Europe is expected to experience a high growth rate. High hydrocarbon production in offshore locations such as the North Sea is expected to fuel the regional demand. In addition, increasing residential and commercial building development would further promote the demand in Europe. The imposition by the European Union of stringent rules for improving productivity would increase the demand for FRP cable in Europe.
FRP Cable Tray: Market Segmentation
Fiberglass reinforced plastic (FRP) cable trays are manufactured in various styles to withhold a bulk bunch of wires and cables laid in different structures in order to preserve the operating protection and aesthetic appeal of the location. Different raw materials, including titanium, steel, and reinforced plastic, are processed for the goods.
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By type, the market is divided into:
- Ladder
- Channel
- Others
On the basis of application, the market is bifurcated into:
- Construction
- Power
- Oil and Gas
- Chemical
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Energy Demand to Propel the Market Growth of FRP Cable Tray
The surging demand for power around the world is expected to have a great impact on the market for FRP cable trays. The rising development of new generation, distribution and transmission networks will reinforce the market's healthy growth. The increasing inclination for green technologies such as hydro, wind, and solar will facilitate the adoption of FRP products. In addition, the flourishing oil and gas industry is expected to uplift the market in the coming years. The disruption caused by coronavirus has suspended operations in different industries around the world. The global market has been negatively affected by the halt in manufacturing and processing facilities. Constraints in capital investment and new projects in the oil and gas, construction, chemicals, and other industries will reduce demand for FRP cable trays, thereby hindering market growth during the pandemic.
Key Industry Players in the Global FRP Cable Tray Market
The report gives a detailed analysis of the following key players in the global FRP cable tray market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Sintex Group
- Ercon Composites
- Oglaend System Group
- MP Husky
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | Ladder, Channel, Others |
| Breakup by Application | Construction, Power, Oil and Gas, Chemical, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Sintex Group, Ercon Composites, Oglaend System Group, MP Husky, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global FRP Cable Tray Market Analysis
8.1 Key Industry Highlights
8.2 Global FRP Cable Tray Historical Market (2018-2022)
8.3 Global FRP Cable Tray Market Forecast (2023-2028)
8.4 Global FRP Cable Tray Market by Type
8.4.1 Ladder
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Channel
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global FRP Cable Tray Market by Application
8.5.1 Construction
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Power
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Oil and Gas
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Chemical
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global FRP Cable Tray Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America FRP Cable Tray Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe FRP Cable Tray Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific FRP Cable Tray Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America FRP Cable Tray Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa FRP Cable Tray Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Sintex Group
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Ercon Composites
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Oglaend System Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 MP Husky
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global FRP Cable Tray Market: Key Industry Highlights, 2018 and 2028
2. Global FRP Cable Tray Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global FRP Cable Tray Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global FRP Cable Tray Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global FRP Cable Tray Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global FRP Cable Tray Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global FRP Cable Tray Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America FRP Cable Tray Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America FRP Cable Tray Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe FRP Cable Tray Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe FRP Cable Tray Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific FRP Cable Tray Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific FRP Cable Tray Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America FRP Cable Tray Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America FRP Cable Tray Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa FRP Cable Tray Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa FRP Cable Tray Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global FRP Cable Tray Market Structure
Key Questions Answered in the Report
The global FRP cable tray market is projected to grow at a CAGR of 7% between 2023 and 2028.
The industry is being driven by the rising global demand for power, rapid urbanisation and industrialisation, growing government funding, increasing residential and commercial building development, and the flourishing oil and gas industry.
The key trends propelling the industry forward are the rapid construction of new generation, distribution, and transmission networks, and the growing popularity of green technologies.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific with the Asia Pacific accounting for the largest share in the market.
By type, the market is divided into ladder and channel, among others.
The leading applications include construction, power, oil and gas, and chemical, among others.
The major players in the industry are Sintex Group, Ercon Composites, Oglaend System Group, and MP Husky, among others.
Analyst Review
The global FRP cable tray market is being driven by the rising global demand for power in the historical period. Aided by the growing technological advancements of green technologies and increasing residential and commercial building development, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the global FRP cable tray industry can be segmented into ladder and channel, among others. By application, the industry can be divided into construction, power, oil and gas, and chemical, among others. The major regional markets for FRP cable tray are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Sintex Group, Ercon Composites, Oglaend System Group, and MP Husky, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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